Quotations by Kiana Danial

Choosing cryptos that are listed on many different exchanges is also a good idea. Exchanges choose the cryptocurrencies they carry carefully. Finding your finalists on many different exchanges may be a sign that many exchanges have found that crypto to be valuable enough to carry. Therefore, the demand for it may be higher, and you may be able to do more with your investment. You can discover which exchanges carry your crypto of choice on websites such as coinmarketcap.com (e.g. say you want to know which exchanges carry Ripple’s XRP. After selecting Ripple’s XRP on coinmarketcap.com, go to the tab labeled “Markets”). [2019] - Kiana Danial

You can check and compare cryptocurrency volume on websites such as www.cryptocompare.com and coinmarketcap.com, where they show the number of coins that have been traded in the last 24 hours. You can also examine which exchanges had what volume. Generally, the biggest and most popular coins are traded the most. But if you’re trying to choose a cryptocurrency within a specific category (and not simply going for the celebrity cryptos), trading volume can be a very important indicator in making your decision. [2019] - Kiana Danial

During crypto hype, mining equipment such as ASICs becomes incredibly expensive. At the beginning of 2018, for example, they were priced at over $9,000 due to high demand. That’s why you must consider your return on investment before getting yourself involved in mining; sometimes simply buying cryptocurrencies makes more sense than mining them does. The cost of the electricity used by mining computers far exceeds the cost of heating or cooling the house. [2019] - Kiana Danial

The first blockchain ETFs to hit the markets were BLOK and BLCN, both of which launched on January 17, 2018 (right at the time when Bitcoin was taking a hit). On January 29, 2018, another blockchain ETF, KOIN, showed its face in the competition. [2019] - Kiana Danial

I love using limit orders because they allow me to go about my life without worrying about prices too much while the markets do their usual movements. I’m not a big fan of stop-losses. Volatile markets such as cryptocurrencies normally bounce back up from the lows as rapidly as they fall. That’s why by using a stop-loss order, you may end up getting out of your position prematurely and miss out on potential gains. Short-term traders are more likely to use stop-losses. Long-term investors are supposed to have made the risk-management calculation ahead of time, making sure they have enough time to wait things out. [2019] - Kiana Danial