Topic: Advice to invest about crypto currency - page 6. (Read 1078 times)
Sometimes you will see price drop and think you not made a good investment and think to sell and most people do this mistake, but if you have enough money and not wait for big profit fast then invest on bitcoin and hold it.
This is the biggest misconception of people who only come in crypto. Because they think crypto is easy to make money with. With crypto you need to be prepared for difficulties.
Like with anything in life. Nothing is easy and money don't lay on the street or we'd all be rich. THere's always only a small number of rich people those who are patient and prepared and those who have balls.
Its best to start small, at least with established projects, Bitcoin and Ethereum before moving to upcoming projects like Veil, Harmony, etc.
You not only have to start smart with big projects like bitcoin. It's best if you also stay and finish with them. Don't invest in shitcoins it's not worth the risk.
This is the biggest misconception of people who only come in crypto. Because they think crypto is easy to make money with. With crypto you need to be prepared for difficulties.
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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. Actually, it is true that Bitcoin is going to rise and reach hundreds of thousands. But what is really true is that you will have to wait for it for dozens of years. Everything can happen to us during this time. Investing in alts and trading them can bring profit faster.
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, happened to me and with my friends but sadly I ended up ignoring them because they were the first one to ignore me after witnessing the great bear market of 2018. They hoped that making money with crypto would be easier than I experienced for them.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.
Very well said. There were newbies that are venturing and eyeing for altcoins that does not have a history of good market and volume's quite low. They have that idea that it will skyrocket someday that can make them millionaire if it happens. Like I earlier said, research is of uttermost importance when choosing to invest in cryptocurrency.
Most of the people think that bitcoin is the shortcut to be rich but its not that easy to make profit in bitcoin, there are a lot of of people losing money because buying at the wrong time, many people losing money in 2018 because the price keep on decline, before you invest in anything do the research find the useful source of information dont join investment because you saw someone succeed and just FOMO
its the same with stocks people put alot of their hard earned money into something they think will be free money , but most people lose money in the stock market over time s you have to have some knowledge of stocks and when to buy and when to sell, same wiht crypto.
Most of the people think that bitcoin is the shortcut to be rich but its not that easy to make profit in bitcoin, there are a lot of of people losing money because buying at the wrong time, many people losing money in 2018 because the price keep on decline, before you invest in anything do the research find the useful source of information dont join investment because you saw someone succeed and just FOMO
its the same with stocks people put alot of their hard earned money into something they think will be free money , but most people lose money in the stock market over time s you have to have some knowledge of stocks and when to buy and when to sell, same wiht crypto.
In investing in crypto, you must learn the coin first before buying it in the market.
You must have a guideline sites to find out on which of them are good like coinmarketcap
you can see it here the the top altcoins and top exchange too where it can be easily for you
to choose in.
You must have a guideline sites to find out on which of them are good like coinmarketcap
you can see it here the the top altcoins and top exchange too where it can be easily for you
to choose in.
It's never too late to invest on crypto currency this year because there is always first time to anything even putting ventures on blockchain technology as long you are having full decisions for yourself and risking towards your future in the terms of crypto currency. Always remember the golden rule on investments, only put your extra money into it and always invest what you can afford to lose because on crypto currency there are no guarantees that you can gain instantly what you venture with or either way you lose of what you put into. Importantly always do your own research on what coins or tokens you will invest and always look on the brighter side that crypto currency is a long term investment.
Before investing make proper research,don't invest because your friends are investing. Invest with your spare money. Try and know how good is the project whether will it fade away easily or not and also their exchange rate matters
Look at other investments like gold and silver also. Bitcoin $3000 is also high price. Also Bitcoin is at risk of getting banned in some big countries. look at news for the information.
If you want to invest in Bitcoin I would suggest choosing a favorite exchange which is reliable and investing in a secure Bitcoin/Cryptocurrency wallet such as the Ledger Nano S.
Here is a great guide on bitcoin investments.
Here is a great guide on bitcoin investments.
I think that it will not be difficult to invest in cryptocurrency as long as that person can learn about cryptocurrency. Without learning, he cannot get a profitable coin that can give him a chance to make a profit. Hearing the other success story from other people could help him to get great motivation, but if he cannot learn for more, then he cannot be the next success person in cryptocurrency.
To invest in cryptocurrency don't need big money if that person doesn't have much money. He can start with small money, and there are so many coins with a low price he can buy. He needs to know what the coin he should buy by analyzing so he can find one or two profitable coins to hold.
To invest in cryptocurrency don't need big money if that person doesn't have much money. He can start with small money, and there are so many coins with a low price he can buy. He needs to know what the coin he should buy by analyzing so he can find one or two profitable coins to hold.
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.
Everyone here is different, yes research can help and you also need to understand the risk factor as well.
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.
Like I earlier said, research is of uttermost importance when choosing to invest in cryptocurrency.
Of course in every investment journey, you need to be strong mentality. We all might take different paths but at the end of the day, it boils down on our decision making. Funny though you mentioned Harmony, because it really give investors huge gain but I'm not really sure though if that is sustainable.
Like how stock does, it a blood-shred battlefield for profits, everyone was speculating to make the right move, big players manipulate or influence investors to buy your assets cheap, sell you high. Its all visible when you buy your first coin. a few falsey FUD and FOMO would earn you nothing over the course of months, DOYR is especially important after all you should compute your decision not others. IMO crypto is relatively easier to get used to because of its 24/7 market, obvious trend, liquidity and growth unlike other gold/oil/silver, stocks or forex which was equally risky yet brings lesser profit.
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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.
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.
in my experience all of these are small matters. the most important thing when you enter this market is to not pay attention to any hype or FUD because they will mislead you into buying something you don't want and selling something when you should have bought respectively.
and also if you are a beginner stay away from all the altcoins and only stick to bitcoin. otherwise you will lose a big percentage of your money and leave the whole market broken.
no it is not.
ethereum is centralized, is not immutable, not secure and has a lot of issues. so far the only rise it had was due to pumps by them and the massive number of ICO scams that forced people to buy ether. and that is the only use case of it! as ICOs die, so does ethereum's price.
apart from that, if you ignore all of what i said, the unlimited supply and the currently huge circulating supply of it is enough reason for its long term price decline.
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.
in my experience all of these are small matters. the most important thing when you enter this market is to not pay attention to any hype or FUD because they will mislead you into buying something you don't want and selling something when you should have bought respectively.
and also if you are a beginner stay away from all the altcoins and only stick to bitcoin. otherwise you will lose a big percentage of your money and leave the whole market broken.
In 2017, many entered the world of cryptocurrency all because of the many hypes and wrong perceptions surrounding this industry and consequently when bitcoin entered the winter phase many got burned...just imagine when you start bitcoin ATH of almost $20,000 and then later on realized that it was down to around $4,000 that can be devastating and so many cut loss and just went away. Let's hope that this same scenario will not be repeated once bitcoin can go parabolic again.
Investing with cryptocurrency involves a lot of education, timing and maybe some luck also. There is no sure-fire or guaranteed formula here...but if one has the intent to just hold let's say for the next one, two or even five years then entering bitcoin at its dip is the best advice I can give.
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.
in my experience all of these are small matters. the most important thing when you enter this market is to not pay attention to any hype or FUD because they will mislead you into buying something you don't want and selling something when you should have bought respectively.
and also if you are a beginner stay away from all the altcoins and only stick to bitcoin. otherwise you will lose a big percentage of your money and leave the whole market broken.
Before investing make proper research,don't invest because your friends are investing. Invest with your spare money. Try and know how good is the project whether will it fade away easily or not and also their exchange rate matters
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