What’s a COIN’s worth?
By: Phoebe Jane F. Dangel
With the increasing popularity of bitcoin and altcoins, it does not come as a shock that many ICOs are introduced simultaneously as we speak. If you know the reason why you are investing or buying these coins, then good for you. But if you are one of those who consider owning bitcoins or altcoins as their ticket to getting rich and becoming a millionaire, then I challenge you to change that kind of mentality.
Wouldn’t it feel more worthwhile if you know that your investment is going a long way? That not only are you earning but you are also helping your community? After all, as the famous quote goes, you can never go wrong with KINDNESS.
Don’t get me wrong, I am not asking you to do CHARITY work. Rather, I am challenging you to serve a much BIGGER purpose. Much like buying an insurance or other investments for that matter, create your criteria of choosing a coin that will be more than your money’s worth. Develop an ENTREPRENEURIAL CONSCIENCE where you evaluate where your hard-earned money will go.
Here are a few tips on how to evaluate a coin prior to investing in it.
1. Define your goals. Your goals will allow you to filter the choices of altcoins available in the market.
2. How much are you willing to lose? This should be a no-brainer. Higher return would mean that you have to be a risk-taker, but, make sure that the risk you take is calculated. Meaning, prior to investing your money, know what you are about to lose or gain in exchange of the money you are willing to invest.
3. Believe in your COIN. Start-up companies have different goals and objectives that they wish to achieve and realize, and sharing the same principles as with the company would easily interest you to patronize the product/ service that the company is offering. As an investor, you also have to believe in your investment, or in this case, the coin you wish to invest in.
4. Read/Research. This requires a lot of patience and initiative. Understanding the trends and patterns and learning the jargons in cryptocurrency may be tricky and overwhelming. But never forget, that an EXPERT now was once an AMATEUR.
5. Be ASSERTIVE. If you are convinced on where to put your hard-earned money among the coins available in the market, START investing now. It is never wrong to die a CRYPTO-VIRGIN, but it will be such a waste to forego this once in a lifetime opportunity. As the cliché saying goes, do not blame yourself if you were born poor. But if you die poor, you have yourself to blame.
Having read this, you may want to check and assess the potential of FILIPCOIN that will soon be launched in the Philippines.
So, what’s your COIN’s worth?
Website: www.filipcoin.com
