Advice on how best to protect your capital

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Quote from: mitchr4 on September 12, 2019, 08:01:34 AM

Moreover, many hackers are currently getting smarter in committing fraud and traps.

Just like malwares and viruses are getting updated regularly, and we have to also do same to our device protection apps. That's the same way we have to regularly be on the lookout. Scammers regularly change their strategies. As a long term investor or a trader always be up to date with the happening around the cryptocurrency space

P.S; I'd be locking this thread now, as it seems to have run it's course. Thanks to all for the advices and suggestions.

mitchr4

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Quote from: TIDOVEE on September 11, 2019, 09:23:26 AM

Unfortunately, scammers can hardly get anything or something reasonable from newbies, as newbie are not opened to bounty participations, but probably only trading. And any newbie that would have known how to trade must only carry the newbie status not as an amateur per-se.
Newbie that wouldn't want to fall prey of scams must always keep an eye on details of the experienced either here online or physical guidance.

therefore caution in holding a wallet is needed, especially as beginners often open all kinds of sites to increase their knowledge of cryptocurrency, and I think this is dangerous, because without them knowing, they open the wrong site.

No wonder they easily fall from suspicious sites because of the lack of knowledge they get. A newbie should refrain from investing in any project as long as the knowledge of investment is fulfilled. Moreover, many hackers are currently getting smarter in committing fraud and traps.

traderethereum

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Save your capital in a safe capital will be the best advice to every people to protect from the thief.
You can read on how to protect your money so you can do it with ease.
Don't tell other people how much your asset because that will attract them to try to know more about your asset.
If necessary, you can buy tools that will help you to keep your asset more safety.
Don't trust people who you don't know.

ttcsalam

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A very informative post. So there are good and bad people mixed up in this world. You should invest in capital that will not be a problem if you lose it. Here is the Fake Project 70% I think. Those who cannot survive in the market. And because of this, everybody loses the capital.

TIDOVEE

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Unfortunately, scammers can hardly get anything or something reasonable from newbies, as newbie are not opened to bounty participations, but probably only trading. And any newbie that would have known how to trade must only carry the newbie status not as an amateur per-se.
Newbie that wouldn't want to fall prey of scams must always keep an eye on details of the experienced either here online or physical guidance.

sana54210

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Quote from: maxreish on September 04, 2019, 01:41:35 AM

As an investor, we know that it is not the easy and fast returns when it comes to this crypto investments. Also, I agree to all of your tips. Not every projects that we believe that are good is really worth to invest. A hardwork, a serious background research is really important to identify whether the one we are goint to entrust our money is worthy enough to put our efforts and money.

Invest money in Bitcoin to save capital. During the next 1.5-2 years, the cost of BTC can skyrocket to 100-200 thousand dollars. That is, every dollar invested today can turn into ten. And if the future native will be aggravated by the impending financial crisis and the general depreciation of national currencies, then it may not be necessary to exchange cryptocurrency for cash. BTC will become the only reliable method of payment.

Investment in bitcoin is really a safe haven and I think that is the best way that one can protect our capital lie you said because every other investment in altcoins is one which you make investment and sleep with your eyes opened because you didn’t know what might happen to the price of the altcoin at any time without an assurance that it will ever be revived again, but when it comes to bitcoin investment, there is an assurance that even if the value declines as at the time that you out your money, there will be a time in future where you will surely be able to cunt you money out exactly with so much profit on it, so if we are really looking for a coin to keep our investment securely without any fear, it is bitcoin investment really.

Genamant

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Trphy.io

i need that advice as well but for me i know my faults if i could just follow the advice my head is telling me
is that i need to be more patient and focus coz at times i tend to burst and haste with my trade thats why most of the time
instead of gaining,i am loosing my capital as well. I admit im a hard headed i know what to do but not doing it.

matchi2011

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Quote from: maianh09 on September 06, 2019, 10:07:39 AM

I am a safe investor with the most reliable options at all times. I only invest when the market falls and not when the cryptocurrency is growing or recovering. Only invest in Altcoins which have a high popularity and belong to the top 50 CMC. And should not venture into low-ranked Altcoins and be traded in small volumes.

If your strategy works well for you it's good to continue using this system, the market volatility is really tough to followed as there's a lots of factors that will influence the market movements, it's better to make sure that you are using good set back plans in case you need to adjust with market behaviors, it will be better to also work with progressive projects that might bring you great outcome.

maianh09

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I am a safe investor with the most reliable options at all times. I only invest when the market falls and not when the cryptocurrency is growing or recovering. Only invest in Altcoins which have a high popularity and belong to the top 50 CMC. And should not venture into low-ranked Altcoins and be traded in small volumes.

imstillthebest

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Quote from: samcrypto on September 06, 2019, 08:41:43 AM

Always become aware that you can never protect your capital a hundred percent because of inflation

inflation ? but we are only talking about cryptos here . afaik inflation only occur on fiat the most but on cryptos were are only dealing about fluctuations but still no matter how we fully secure our assets offline or on a hardware wallet and cold storages thier value is still volatile i guess but there is also a way to make them stable .

protecting a capital is indeed more important than earning a profit because our capital dictates our potential earnings .

EdenHazard

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Quote from: samcrypto on September 06, 2019, 08:41:43 AM

Always become aware that you can never protect your capital a hundred percent because of inflation so you need to do things in order to make it multiply. Investment is all about risks and having guts to do it is the best way of protecting your resources. Dont let your emotions make your guard down.

Especially an emotion to have an instant result! an instant profit! That's a wrong way to start investing.
Managing your portofolio never been easy ... you need to gain a lot of knowledge also experiences so you might have a higher chance to keep your capital at the safest level.

The common mistakes that people make is to put the money all at one place! These people have no plan B to anticipate the unexpected outcome. They are acting overconfident, ignore the fact that they are wrong and sure ended up busted!

Just take it easy, play it safe and don't worry to gain a very little profit, it's just the beginning... as time goes by you'll level up your knowledge and mastered everything in investment world.

samcrypto

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Always become aware that you can never protect your capital a hundred percent because of inflation so you need to do things in order to make it multiply. Investment is all about risks and having guts to do it is the best way of protecting your resources. Dont let your emotions make your guard down.

jostorres

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many get exited by watching price and in fomo they invest money and lose later , if our money wants to grow in investment we should research correctly and invest

I am certain that many people have learnt by experience because most people that fomo in 2017 are still regretting their action right now, and majority of us have learnt from their actions which is why you see that bitcoin and some altcoins has not grown more than this out of fomo.

So many cryptocurrency users and so many investors are seriously protecting their capital right now, most investors are being careful as to which project to invest in, and they research carefully before investing in any of them. So I am sure that it is already gettingdifficult for most scammers now and even bad project that have the intentions of coming through ICO as they are not being funded any more like they were being funded in 2017.

Ausgewielt

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"Forum activity increases, as people get more interested, up starts try to take advantage of the surge to launch their projects, and scams also increases as Bitcoin ans cryptocurrency becomes a more frequent discussion across social medias, and the target is usually newbies."
This make sense, most of people who always complaining about financial loss because of ICO are newbies. People should have enough information before investing.

"So view every prospect as a scam, until proven otherwise".
Isn't that too harsh? I think there many honest people who want to help the development of cryptocurrency by creating project.

"- Never fully rely on recommendations; always to your own diligent research on any prospect. Do not simply follow the ideas of "experts" or "influencers"."
Maybe the more apropriate sentence is "never thrust recommendation by people that you don't know in real life who don't have enough experience and skill"
I always look at my senior's decision before decide project that I want to invest and almost all of the project always give me profit

- There is no guarantee; no investment is a hundred percent fool proof. Even Bitcoin which I would say is the safest cryptocurrency investment does not guarantee profits.
Always keep tabs on your portfolio.

Don't be too pesimistic, we only need to be more carefull and optimistic

marcbitcoins

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Not only to protect our capital from scam environment but we should also see to it that the certain ICO has a higher chance to be a successful project so that they will probably hit their target fund. Ensuring their commodities are feasible to masses so that they could attract more people to invest resulting a good profit for you too.

Viscore

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Quote from: maxreish on September 04, 2019, 01:41:35 AM

As an investor, we know that it is not the easy and fast returns when it comes to this crypto investments. Also, I agree to all of your tips. Not every projects that we believe that are good is really worth to invest. A hardwork, a serious background research is really important to identify whether the one we are goint to entrust our money is worthy enough to put our efforts and money.

Yes. We must do good and diligent research in order to know those things behind that we ought to know to end up in a successful project. Even if the bounty manager is the most trusted manager that manages the campaign, there is no guarantee that the project will really end up being successful so we should always protect our capital and do things that will make us safe and secured in the end.

maxreish

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As an investor, we know that it is not the easy and fast returns when it comes to this crypto investments. Also, I agree to all of your tips. Not every projects that we believe that are good is really worth to invest. A hardwork, a serious background research is really important to identify whether the one we are goint to entrust our money is worthy enough to put our efforts and money.

Ethan Sanders

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Hey! In the conversation above I expressed my opinion that diversification is the best approach to protecting your capital.
Found an article that confirms it and illustrates it from the real estate investing point of view:

https://realtybundles.eu/learn/blog/11-property-investment-strategies-and-trends/466-how-to-diversify-your-real-estate-investment-on-one-platform
Hope it will be helpful to someone.

Lanatsa

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Quote from: guoyu78 on August 27, 2019, 08:54:47 AM

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sometimes our research on related projects cannot prove the existence of signs that the project is suspicious. indeed many projects that look promising that can convince many people to be able to invest in it, but eventually the project ended scam. therefore, I think only teamwork experience can prove that the project is good for the future

Cooperating with people is more like relying on people’s opinion then, and if you look at one of the point the op gave which I also agree with, he warned a little bit on never relying on recommendation, because he believe that any individual has the ability to be responsible for their own action in a very responsible way, and the approach is simple, it is one of it that you mentioned.

We have to have the full knowledge of whatever is surrounding that which we are investing on, financial knowledge, trade knowledge and every other knowledge that is necessary for us to get to make sure that out capital is protected. I see many people advising on wallets, yes, it is one of it, the best way to protect your capital is just to simply eliminate the risk that is surrounding it.

Eliminating risk completely is not possible but somehow it can be lessen and this is thru our sensibility,awareness and experience.If we do know how to sort things up and do know how to decide things basing on what we have learned in the past then its the best way on protecting something.Risk is inevitable but if you do know how to handle this then you are on the right path on making money and avoiding losing it.Never ever listen on someones decisions or recommendation but hearing them or trying to compare to yours isn't bad but if were you its much better to rely on your own ways or methods so that incase if there were losses theres no other way to blame but your own mistake which is more better than
losing money because of others is really a stressing thing on my part.

guoyu78

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sometimes our research on related projects cannot prove the existence of signs that the project is suspicious. indeed many projects that look promising that can convince many people to be able to invest in it, but eventually the project ended scam. therefore, I think only teamwork experience can prove that the project is good for the future

Cooperating with people is more like relying on people’s opinion then, and if you look at one of the point the op gave which I also agree with, he warned a little bit on never relying on recommendation, because he believe that any individual has the ability to be responsible for their own action in a very responsible way, and the approach is simple, it is one of it that you mentioned.

We have to have the full knowledge of whatever is surrounding that which we are investing on, financial knowledge, trade knowledge and every other knowledge that is necessary for us to get to make sure that out capital is protected. I see many people advising on wallets, yes, it is one of it, the best way to protect your capital is just to simply eliminate the risk that is surrounding it.

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