In this X and we are going to talk about one of the most deciding factors of the value of its cryptocurrency
and its community.
If a group of currency Protech as a community it has much more potential to go up in value than a Protech
that doesn't have a community.
There are many reasons for that.
When there is a community people are talking about it they are searching for their friends and more
people are coming to the product.
If nobody is backing up the product if there is not a community nobody believes in it nobody knows about
it and its value can't go up.
So I was showing you a few questions what you should ask yourself when you are researching a cryptocurrency
First of all.
Do they have a community at all.
Is there any community.
How big is it.
And then you can find the real community on telegram Facebook Twitter Reddit and other forums.
So you will later how you can do this in practice and this is important.
What are people talking about inside the community and what kind of community do they really have.
Is it like are they everybody shouting like Colombo and Bombo Lamborghini press goes to the Moon.
Moon Moon or are they asking good questions like What do you think about the leaders.
What do you think about this feature on this coin.
What kind of value does this provide and this kind of questions that show that people are interested
in the value of the protest because these kind of people in the second group are most likely going to
hold the coin even though it goes down a little bit even though its crassest let's say 30 percent people
still say OK this has a value.
So I'm not going to sell my Cowens I'm going to hold them because I see there is a long term value.
But these people who are where they will have been small when it goes up a little bit.
They sell and the price goes down.
So they are not long term holders.
So they are not good for us if we are long term holders.
So second in this kind of community is a better one.
So let me give you a few examples why this community is so important and where it has really shown its
power.
Those going this are wonderful example.
This coin has been around already for several years and they are based on this those.
Me and many people don't see so much value in this or say OK it started as a joke but this has since
grown well in math.
But one big reasons why it has grown so much is because of their community.
People say that when you come to those going community people are talking they are throwing this means
they are coming and they are funny and it's nice to be part of that community.
So that's why dove score has grown so dramatically.
I'm not investing a nose cone at the moment because I don't see there so much long term value in other
crypto currencies.
But it's really a wonderful example how huge impact a good community can have on the price.
And I want to show you the price tag of those gone.
Here we are on the coin market cap that's come on these shows that those Conover's founded in into those
14 then the value was for a long time the market cap for less than 20 million dollars.
But recently in 2017 it has grown to hundreds of millions of U.S. dollars and it went even up to more
than two billion dollars sat down a little bit.
But if you invested in those going here your money would have gone up for one hundred times so let's
say you invested $1000 kudos coding in 2015 it would have been worth more than one hundred thousand
dollars if you invested $10000 in those code.
It would have been more than one million dollars.
So that's a huge power of the community that hasn't had those coin.
Another example is Facebook and other social media sites even though they are not crypto currencies
you can see how they see me or I fixed effects.
For example if you remember Facebook a few years ago if somebody wasn't on Facebook people walk talking
a why is not that said James on Facebook Why Jane is not on Facebook.
Everybody is.
There must be also there.
Why are not already using Facebook.
Right.
And then there is this huge pool towards Facebook because everybody else is using it.
And now there are more than 2 billion users worldwide and it's growing all the time.
And the same happens and it can happen for potential cryptocurrency as I have seen this for many current
cryptocurrency is thrown words.
People are talking about it was words you must my words.
John McAfee is talking about it.
Then they buy it.
Price goes up and that will happen.
Also withdrawn.
Everybody was talking about it there was always winning the polls and then the price was very fast up.
It has gone also down after that.
But the huge community has had an impact on the price for sure.
And that's sometimes interesting that even though there may be a cryptocurrency with the Pead better
technology and everything.
But if there is not a strong committee the price can go up.
But let's say if there are a few big famous people promoting the coin and there is a huge community
the price can go up wearing Motz even though there wouldn't be value.
One great example was bitcoin it completely like Cheney Protech nobody trustable person they didn't
believe in it.
But then there were a few promoters.
There was a big community and the price went up until people realized it's not a good thing and they
needed to close it and then it shoots down.
But the community is the important thing.
Cryptocurrency have this strong network ethic.
Let me show you how you can find a community.
As always Google is our friend again.
So you can simplify it.
For example Ripl community on Google and it will show you lots this unofficial Reaper forum.
It will so it read it another repro forum Bitcoin talk forum about people and many other then of course
if you want to find specific you can search for ripple in Twitter ripple in Reddit or wherever you want.
That's how you find a community.
I'm also part of this community on Facebook you can see ripple ninjas ripple Xserve be speculators and
investors are also part of another huge cryptocurrency community on Facebook which is called Bitcoin
and cryptocurrency will be the biggest bitcoin on cryptocurrency community on Facebook.
They have more than 550000 members already and then another way to find a community is you can go to
call and market cap and here below social You will find their Twitter group the Reddit community and
many cryptocurrency also list their community on their website.
Here I am on the website and they immediately show telegram and Twitter on their first page.
And most of the time when you scroll down the page is there so all their social media accounts and communities
and I highly recommend that you become part of the community.
The two are interesting because we'll see what people are talking you are in the insider group and you
get more information about it.
Here is for example the crew Instagram YouTube Twitter telegram Reddit Facebook and other social media
accounts where you can follow their community.
So that is how you find a community and how you get become a part of it.
And then you can evaluate it and do make your own decisions.