since bitcoin, ethereum, dogecoin, aave, binance coin and many other terms became well known by more than crypto nerds and financial experts, ordinary people like you and me became curious about knowing how easy it is to get rich with this new currencies. it sounds too easy: invest some money and get millions of dollars or euros back. no more working, all year vacation.
first of all, i am not a financial advisor. but i have some basic calculation and programming skills which i want to share with you. crypto checker is a webapp to help you caculate possible gains and find your best coin. of course you could use an excel sheet for calculating. but does excel tell you by default the current crypto coin values? no. crypto checker does, it is an better alternative for excel sheets and calculators. type the coin name in the first input field. the current value (in the chosen fiat currency) will appear automatically.
getting rich is possible but you need a strategy and lot of luck. some people think (or hope) the only thing they need is 100 dollars and a rising bitcoin price or etherium price. a tweet of elon musk might be helpful, too. but how likely is it that 100 dollars turn into a million dollars? to be honest: the probability is not as high as we think. for example, the bitcoin forecast is currently about 100.000 dollars. use crypto checker to type in your investment of 100 dollars and the predicted coin value and see how much you will earn. crypto-checker helps you get a feel for which coin might be worth investing in and also how much you need to invest to reach your outcome goals.
best planable rewards will come from investing early into a project with good foundations and a real use case. to make the most money out of your investment you should invest early enough. this always harbors risks. despite the fact that the price can fluctuate sharply in the event of unforeseen events, an early investment is risky due to the fact that only a few points on the roadmap have been fulfilled at the time. this underpins the importance of a good team and use case of the desired cryptocurrency as well as a good strategy of you.
many people who are famous on youtube or twitter give very good summaries of current projects, but often the more popular they are, the recommendations become more selfish. a good investment strategy is also a key factor for success. One of possible strategies is the dollar-cost averaging. dollar-cost averaging helps you to reduce the impact of volatility on the overall purchase. investing money on actual projects that are already worth a lot seems unprofitable. but depending on your vision and timeframe they could also be valuable on the long run. this could be or could have been for example bitcoin, depending on your timeframe and if you see it as a digital asset, like replacement for gold. of course you should never invest more than you can afford to lose. so:
in the cryptospace there are always pumps and dumps like we have seen a few times on doge coin. perfect for making quick wins but also risky. it ain't easy to keep track of when you are not involved deeply in this environment. it is more like gambling and should not be considered a strategy unless you are willing to spend every day watching the market. if you invest long term your risk and your stress level are minimized.
it is up to you. if the best time for investment is already there is a fact you cannot know but afterwards. depending on your timeframe, amount of money and knowledge. with a passion for gambling and much more money left over you are better of taking risk on short term investments. if you are searching for a long term investment i suggest you have a perfect strategy. but be aware: this is not a financial advise. just an opinion.