Topic: Advice to invest about crypto currency - page 3. (Read 1088 times)
Yes you are right here sir. Crypto currency is for big harted men who can invest their money for future. You can easily get this result last one year to present time that whom invested into BTC 3k not they are more gainer and gradually will be. So come here with strong mind.
1st get the knowledge before investing.For example think you are investing in ICO.Search every little details about that project.Specially the team.Search their previous projects they done.Did they succeed ?or not? what experience do they have about cryptos(At least about 2 years)Do they know the market? Did this latest provide solutions better than previous projects similar to that.Simple why I(you) should invest your money on them?Find the answer to that until you satisfied.Then invest.
Looking for projects that they have previously done? I don't think any project has any experience because it is the first project. Do you mean the team in the project? if what is meant is the project team in my opinion is correct, because before deciding to invest, of course I always see the performance of the team.
Actually this is 1000 to 1, it is very difficult to distinguish which projects are good and those that are not good, it takes shrewdness to see a project that promises to invest our income to invest in the project, actually you are right to see the profile of all the teams for the project and of course there is something you forget to see their road map so that you know more about their project, so that your funds are not misused by a project that smells of scammer ...
1st get the knowledge before investing.For example think you are investing in ICO.Search every little details about that project.Specially the team.Search their previous projects they done.Did they succeed ?or not? what experience do they have about cryptos(At least about 2 years)Do they know the market? Did this latest provide solutions better than previous projects similar to that.Simple why I(you) should invest your money on them?Find the answer to that until you satisfied.Then invest.
Looking for projects that they have previously done? I don't think any project has any experience because it is the first project. Do you mean the team in the project? if what is meant is the project team in my opinion is correct, because before deciding to invest, of course I always see the performance of the team.
You are right. I agree with your simple explanation. we must be careful when choosing coins. crypto has a very high risk. I see that BTC, ETH, XRP, are the main coin choices. and I think harmony has the potential go to the moon. now the price of Harmony is very cheap. I suggest you buy Harmony.
I think top 50 coinmarketcap is good project with good liquidity. I am invest in several altcoin and Harmony is one of them. Choosing altcoin should always analysis because more than 2000 different altcoin in market and i think better choose altcoin with big daily transaction.
Yes, choosing the top 50 coinmarketcap will be a good choice to invest in the cryptocurrency. We should be selective to choose the right coin, and we have so many coins to invest. BTC, ETH, is the most coins, people choose, and they want to buy that coin while the price is not too expensive.
But don't forget, we still have another new coin in the coinmarketcap that could be potential to invest and make a profit in a long time. Of course, we need to analyze every coin we want to buy because with analyzing, and we can determine which coins to invest and how much we need to invest.
1st get the knowledge before investing.For example think you are investing in ICO.Search every little details about that project.Specially the team.Search their previous projects they done.Did they succeed ?or not? what experience do they have about cryptos(At least about 2 years)Do they know the market? Did this latest provide solutions better than previous projects similar to that.Simple why I(you) should invest your money on them?Find the answer to that until you satisfied.Then invest.
Invest what you afford to loss, and after making good analysis experiment with small funds. This will let you get the better knowledge and understanding about the market move. It is good to invest on cryptocurrencies, but finding the right one is not an easy task. These days IEO investment is much preferred as there is some assured profiting.
In investing in crypto currencies, we must have deep knowledge of crypto currencies first. We don't just hear other people's success stories and then follow in their footsteps. We need to explore all experiences and strategies so that someone can succeed in crypto currencies. Indeed playing in crypto currency requires extraordinary patience because our profits are at stake by fluctuations in market prices. My advice, in investing, we must choose clear profitable crypto currency coins such as eth and bitcoin. At least, we invest in coins that are included in the top 100 crypto currency coins.
You are right. I agree with your simple explanation. we must be careful when choosing coins. crypto has a very high risk. I see that BTC, ETH, XRP, are the main coin choices. and I think harmony has the potential go to the moon. now the price of Harmony is very cheap. I suggest you buy Harmony.
I think top 50 coinmarketcap is good project with good liquidity. I am invest in several altcoin and Harmony is one of them. Choosing altcoin should always analysis because more than 2000 different altcoin in market and i think better choose altcoin with big daily transaction.
I guess there re no rules in crypto, the market is too volatile..
There is so many rules actually in crypto.
- Always buy low, sell high
- Do not be greedy
- Don't fall for fud
- Do not FOMO....
And so many more. Though the market is really volatile but we can still gain from unstable market. Just DYOR, gain knowledge and everything you need to become a great trader.
@OP, thanks for the advice. That is why I only prefer BTC and ETH as my main investment for long term because they are the only crypto coins which I personally think will have a great impact in crypto space and will give me high profits. Though I also have some altcoins but I am focusing on those two.
Crypto investing is for those who have the courage to have long patience and understanding about it. It's not a shortcut to success because it includes hard work and willingness to wait for the right time. We can't rush thig out here so we must be wise.
There's no shortcut since luck is not always at your side, you need to work with your knowledge and always find learning from your daily activities, many investors and traders forget that in this industry enhancement is very important, you are dealing with time and every earnings that you'll take is the losesof other traders around.
Before investing your money in bitcoin you need to know who is the founder some ICO project want to join, never investing your money with project use fake owner and team data because you will lost your investment.
Investors should ensure that they are not carried away by their emotions, if there's anything I've learn from trading, it's that. You need to outline the reasons why you're in a particular project; are you buying because of the hype or the project tech? Are you in it for the long haul or a short period of time. What is your entry and exit strategy. I've always believed that if enter without an exit plan, you're bounty to get stuck. Educate yourself before opening your purse to invest and you'll be more safe than sorry.
Right.Educate yourself first and must learn all the basics in crypto investment because there is really a big risks investing in it.And make sure invest first with a small amount of money or the amount you can afford to lose because there is really no assurance in crypto that you will make good profits all the time.Sometimes when the market is down,you are also bound to lose too especially if you chose to sell your coins when the market is bearish. Crypto investing is for those who have the courage to have long patience and understanding about it. It's not a shortcut to success because it includes hard work and willingness to wait for the right time. We can't rush thig out here so we must be wise.
There's no shortcut since luck is not always at your side, you need to work with your knowledge and always find learning from your daily activities, many investors and traders forget that in this industry enhancement is very important, you are dealing with time and every earnings that you'll take is the losesof other traders around.
My advice about investing in cryptocurrency is before you invest you need to make a research so that you can get a idea what is the most trusted project that can give you good income, and also remember every investment there is a risk that's why you need to afford to lose and patience to achieve your success.
It seems to me that your conclusions can be applied to investing in general, and not only to cryptocurrencies. The problem with many people is that they often invest money in things they don’t understand at all. And then they lose money because they are just too lazy to learn more about what they are investing in. Greed and thirst for quick money destroys people. Cryptocurrencies, like all other types of business, have their own characteristics, but the person who has successfully invested money for many years can quite successfully invest it in cryptocurrency and become successful in this area.
Investors should use tools like "cryptomirror" or forums like this one. It is very helpfull.
Investors should ensure that they are not carried away by their emotions, if there's anything I've learn from trading, it's that. You need to outline the reasons why you're in a particular project; are you buying because of the hype or the project tech? Are you in it for the long haul or a short period of time. What is your entry and exit strategy. I've always believed that if enter without an exit plan, you're bounty to get stuck. Educate yourself before opening your purse to invest and you'll be more safe than sorry.
It's a very delicate venture investing in cryptocurrency. It's something one should be careful about and make a dedicated effort to research well before going into it. Most people just hear of successes made by others in crypto and because of that, they feel its an easy stuff and just dive into it.
One thing I can say is that cryptocurrency is a business for the strong in heart and determined. Also, patience, much of it is required when treading the part of cryptocurrency. Its best to start small, at least with established projects, Bitcoin and Ethereum before moving to upcoming projects like Veil, Harmony, etc.
Like I earlier said, research is of uttermost importance when choosing to invest in cryptocurrency.
There are many advertisements and invitations on cryptocurrency and most of those are not good project. You must do your research carefully to help you decide where to invest your money better. One thing I can say is that cryptocurrency is a business for the strong in heart and determined. Also, patience, much of it is required when treading the part of cryptocurrency. Its best to start small, at least with established projects, Bitcoin and Ethereum before moving to upcoming projects like Veil, Harmony, etc.
Like I earlier said, research is of uttermost importance when choosing to invest in cryptocurrency.
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Most people just hear of successes made by others in crypto and because of that, they feel its an easy stuff and just dive into it.
This is so true. Some of my friends came in crypto world just because of that and when they didn't make any money or worse, lost it realized its not what they thought.
Before investing in such cryptocurrency we should learn the wise strategy in the market do some research which coin has the chance to pump in the future and have the ability to grow just like bitcoin and we should diversify the money in different investments to avoid losses.
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