Topic: 5 mistakes to avoid when investing in Crypto - page 6. (Read 2966 times)
Fully agree with the author. In fact every day is a learning day for anyone in any field. Knowing the volatility in this field, investors need to put an extra effort to stay up-to date with relevant knowledge. Having a better portfolio of assets is a key requirement in any investment as it leverages the risk component up to some extent. No-one can play a game if he/she is afraid to lose and that is valid for crypto as well.
These are very good tips, if I had known them when I was a beginner, I would not have lost a lot of money! I also want to add that you shouldn't buy falling coins in the hope that they will roll back up, maybe that the coin will fall indefinitely. Therefore, you need to study the entire market in general and in particular the project itself.
Just don't give up, we all made mistakes, and though we make mistakes in the past, that should not make us stopped from still looking to find a way to be profitable in crypto because we have a lot of opportunity here, we just have to improve and continues to learn. This time, the bull run is coming or maybe here already, so let's make the right decision.
These are very good tips, if I had known them when I was a beginner, I would not have lost a lot of money! I also want to add that you shouldn't buy falling coins in the hope that they will roll back up, maybe that the coin will fall indefinitely. Therefore, you need to study the entire market in general and in particular the project itself.
i think the key is learning before earning
people should have knowledge before they drop their money to any kind of investments, especially in this crypto world that have higher risk than the other investments opportunity
It is indeed important that you should be knowledgeable before you take steps in cryptocurrency because one single mistake can lead to loss of money which we do not want to happen that is why before you invest your money you should study every important information about cryptocurrency and on how to choose a promising project that you want to invest your money in. There are actually things to consider for choosing a particular project to support and you should know it by yourself. Knowledge is the key to success.people should have knowledge before they drop their money to any kind of investments, especially in this crypto world that have higher risk than the other investments opportunity
Knowledge is important but it is not enough, even if we are knowledgeable but we do not know how to use that knowledge then it can considered as waste. If we will invest in our knowledge be sure that we will use in right and proper way because there are some instances where there are investors and traders that are investing in their knowledge but they do not using it so for me what they did is just a waste of time. There are a lot of type of investments here in the market and it requires a lot of knowledge and also skills in order to become profitable. My advise for the others is to invest in their knowledge and do not forget to use, they should also be dependent to their selves and not to the tips or opinions of other persons.
very helpful, but I think it's mostly for newbies to think about, in my opinion there are only 2 things, the first is not to store assets in exchange, and the second is to do an analysis of altcoin before you invest, that alone is enough
Yes you are right. There are a few more things to look for, I don't think any ICO, IEO, IDO, STO and any fomo coin should be invested. Because all these coins can add to the portfolio. So we have to keep an eye on these.
You have listed almost all needed to know as a newbie, but you omit one other key point to avoid which is to stake wisely, newbie must learn to invest what they can avoid to lose, if not they can lose all capital on a single trade.
Have seen many advice on doing your own research but barely seen thread that discuss research as a skill in cryptocurrency especially with its crowdfund. The whole years of master/Ph.D is learning to do research, so it an intelligent skill. It can be taught and should be taught here, lets talk about accessing information on team, ICO and products. How to know if the information is genuine. It will of easier to assess a genuine information if it can be accessed.
Having a Ph.D. or graduating from high school is not a sign of intelligence, especially in crypto trading. The ICO or other forms of crowdfunding doesn't run on full logic and mainly depend on the interest of investors and market situation. There are ICO analysis sites that can offer a premium package of ICOs and it will be more time friendly rather than looking for each team member individually. The academic background is important of the face person of the project but the investors don't invest in the study or education of the CEO, they look for profit which can be done with smart management. Why is everybody here: to make profit, including the new comers. Everything in this life is a process which must be followed in a procedurer manna; as said learning is the first procedure in the process, but the learning process to some is so boring.Too much urge for profit result into greed which is one of the greatest mistake.
Learning process is not bad and boring if you actually have the financial stability and doing the learning for the sole purpose of your knowledge and market recognition, I remember how boring it was in school times because studies were forced on us but now after passing out I myself read through numerous articles just because I love doing it now for my own knowledge.Coming back to the topic, yes learning is important but one should always find the right tools and study the mechanism of the project. There are times when a product looks amazing but the scalability and the sustainability is bleak and requires work to be done.
And also keep in mind not to be interested in coins that have pumped high or Buy when their Coin Price is low after pumping high, I see that mostly applies to new Defi coins. I think anyone needs to be vigilant before putting their money into any project especially with the DEfi project.
That's true never buy the token based on how it is performing on the market rather see how powerful the project is how the future of the project looks from current perspective. one can take Ethereum as an inspiration, they made a product that has a significance even now despite so many other similar projects came. 
Have seen many advice on doing your own research but barely seen thread that discuss research as a skill in cryptocurrency especially with its crowdfund. The whole years of master/Ph.D is learning to do research, so it an intelligent skill. It can be taught and should be taught here, lets talk about accessing information on team, ICO and products. How to know if the information is genuine. It will of easier to assess a genuine information if it can be accessed.
OP already mention many important point even we need face risk if we want invest in crypto. Because there has no free risk here, expected if you gonna invest in a project then your future profits chance unknown. Since i have loss many assets because invest in death project but now i can understand something about them.
At some point in our crypto journey, we will really incur losses with our investments. Same here, during the ICO days, I invested in what I thought a promising project, but ended up crap. Not even have the chance to sell my tokens up until the site disappeared. So sometimes we need to experience a lesson so we will know exactly what to do the next time we encounter such situation. Not all people here know what to do the first time they join this community. For sure, even veterans here suffered losses with their investments.
thanks for your topic. I think it is very important. Also I want to add some recommendations.
You should:
1. to learn Self-control
2. to study investment and financial mindset
3. to practice with a small amount of money
This is the fundamentals that every trader should know. Number 1 is the most important thing for me, it is always be the hardest thing for me and I need to overcome that because in all my trades, emotions makes the biggest role. Number 2 and 3 can be achieve if we are determined to learn and we have so much time now, I mean if we have an extra time, not all of us are full time trader but we should allocate some time to learn and apply it in real time trading, for us to see how does it works. You should:
1. to learn Self-control
2. to study investment and financial mindset
3. to practice with a small amount of money
thanks for your topic. I think it is very important. Also I want to add some recommendations.
You should:
1. to learn Self-control
2. to study investment and financial mindset
3. to practice with a small amount of money
You should:
1. to learn Self-control
2. to study investment and financial mindset
3. to practice with a small amount of money
i think the key is learning before earning
people should have knowledge before they drop their money to any kind of investments, especially in this crypto world that have higher risk than the other investments opportunity
It is indeed important that you should be knowledgeable before you take steps in cryptocurrency because one single mistake can lead to loss of money which we do not want to happen that is why before you invest your money you should study every important information about cryptocurrency and on how to choose a promising project that you want to invest your money in. There are actually things to consider for choosing a particular project to support and you should know it by yourself. Knowledge is the key to success. people should have knowledge before they drop their money to any kind of investments, especially in this crypto world that have higher risk than the other investments opportunity
~snip
^ good advice, losses when investing in crypto are very likely to be avoided, the steps are very clear you mention. Newbies don't be lazy to ask questions, must be more active in asking about new things in the crypto world. 
And also keep in mind not to be interested in coins that have pumped high or Buy when their Coin Price is low after pumping high, I see that mostly applies to new Defi coins. I think anyone needs to be vigilant before putting their money into any project especially with the DEfi project.
You're right, DeFi's popularity could easily have disappeared. we can see a lot of tokens suddenly big dump when traded. it can happen for a long time and even make them continue to be at the bottom without getting up again. we must remain vigilant in investing in new projects.I think sometimes you have to go with the gut feeling and when the price is boosting, invest some, yes you might lose 7 out of 10 times but the 3 times you make the right investment you can easily 10x your investment which recovers all the losses you made in other coins and those 7 coins you are not going to lose 100% money so you can sell them for maybe 10-15% loss.
i think the key is learning before earning
people should have knowledge before they drop their money to any kind of investments, especially in this crypto world that have higher risk than the other investments opportunity
people should have knowledge before they drop their money to any kind of investments, especially in this crypto world that have higher risk than the other investments opportunity
Simple facts for newbies to make use of. The learning part is my favorite. Anyone who takes it as paramount will have all others in control. Also make sure you have a protocol for anything you are doing.
Also, if you are a newbie in the crypto market, you should choose the projects in which you invest carefully, and I know that new projects are more risky because they may be scam. You should study any project and review it well before you take a step forward. You also have to invest with money that you do not need and do not resort to selling Your car, home, etc., for investment.
Obviously trading capital should not consist of money that you require for your livings. I think new projects and tokens coming out are mostly scam or they have no intention to build the project and their primary and only objective is to somehow get listed on an exchange and then disconnect from the project and build a new one with new names and profiles.The best idea to identify a good project is actually spend time in their telegram and ask them tough questions and see how they react and if they are just suppressing the questions by force or delete the messages then obviously they are scam. Another thing is to check if they are actually interested in building the product or just want to quickly get listed on some exchange.
You will not make a mistake if you invest in bitcoin or ethereum, when it comes to all others you are taking a bigger risk, but in the end it can turn to greater profit! At least it's what we hope for when we invest in new and not yet popular alts.
Avoiding mistakes sounds easy once the game is over, but while it last we make moves, and we hope for the best! Nobody can predict the future, so investing is like gambling, there's no gain without risking!
Avoiding mistakes sounds easy once the game is over, but while it last we make moves, and we hope for the best! Nobody can predict the future, so investing is like gambling, there's no gain without risking!
It's always advisable to invest what you can afford to lose man
and invest only in a good cryptocurrencies not a shitcoins, how ? just doing a deep learn before investing
Only new investors can keep it in their mind. Even so, I had it because I wasn't confident in my invested coin. When you are serious about your investment, you won't lose your single penny. But on overconfidence, you shouldn't invest all the money in one coin. We shouldn't worry about losing funds. By this we could lose our focus. and invest only in a good cryptocurrencies not a shitcoins, how ? just doing a deep learn before investing
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