Topic: Advice to newbies before investing into an Altcoin! - page 2. (Read 1580 times)
It's a very good advice, investing in alt coin is a very risky thing to do especially with ICO and crowdsale if you are just beginner it's the best look for information and news before you invest in any coin, if you are not sure then don't invest in alt coins at all, the most important in alt coin is looking for whether there are a lot of people interest in it or not
Well sometimes you gotta swim with the sharks to know how does it take to one of them. thank you for this but as an intermediate, there is no garuantee that you will not lose anything because for sure u gotta lose something in order to learn or gain. i've only learnt a lot when i started doing mining sites. its confusing but its fun once you've got it already.
This is the ones i've been trying but so far its hard to find other altcoins other than the ethereum dash and litecoin.
You forgot one crucial piece of advice--applies to any kind of investment, not just altcoins:
DIVERSIFY!
To be more colloquial, don't put all your eggs in one basket.
DIVERSIFY!
To be more colloquial, don't put all your eggs in one basket.
This is the ones i've been trying but so far its hard to find other altcoins other than the ethereum dash and litecoin.
Yeah this is the usual advise I read from advance or professional trader. Diversify your investment so that if something didn't work like it the price crash or something, you still have other instruments that you can used to recover. So it mitigates risk on your end. This is very vital strategy for a lot of good investors.
You forgot one crucial piece of advice--applies to any kind of investment, not just altcoins:
DIVERSIFY!
To be more colloquial, don't put all your eggs in one basket.
There's no way I would disagree on this. Four months ago, I started trading but before that, I have read some posts like these and fortunately the line "Don't put all your eggs in one basket" really helped me. I invested to several altcoins and I guess there were three out of those that gave me problems. Too good, most of the coins I am holding really pumped so my loses were then recovered. I shall say "Do not start investing to altcoins if you don't have the enough basic knowledge". DIVERSIFY!
To be more colloquial, don't put all your eggs in one basket.
Well sometimes you gotta swim with the sharks to know how does it take to one of them. thank you for this but as an intermediate, there is no garuantee that you will not lose anything because for sure u gotta lose something in order to learn or gain. i've only learnt a lot when i started doing mining sites. its confusing but its fun once you've got it already.
This is the ones i've been trying but so far its hard to find other altcoins other than the ethereum dash and litecoin.
You forgot one crucial piece of advice--applies to any kind of investment, not just altcoins:
DIVERSIFY!
To be more colloquial, don't put all your eggs in one basket.
DIVERSIFY!
To be more colloquial, don't put all your eggs in one basket.
This is the ones i've been trying but so far its hard to find other altcoins other than the ethereum dash and litecoin.
You forgot one crucial piece of advice--applies to any kind of investment, not just altcoins:
DIVERSIFY!
To be more colloquial, don't put all your eggs in one basket.
DIVERSIFY!
To be more colloquial, don't put all your eggs in one basket.
It's really good to be a part of a signature campaign,you can follow some altcoin threads that you want to invest and leave a comment on that and get paid for doing it.it's like hitting to birds with one stone.
Be careful, you will get booted from sig campaigns if you make crap posts like this one, people will report you for spam
Best advice for new traders, make sure you sell some on the pumps,
You idiot what's wrong with my post my post is correct if you follow the development of coins by leaving them comments you will get updates on where and when to invest,and you are not my manager to say this ,have been to 7 but never been flagged as a spammer,compare my post to other poster here idiot
It's really good to be a part of a signature campaign,you can follow some altcoin threads that you want to invest and leave a comment on that and get paid for doing it.it's like hitting to birds with one stone.
Be careful, you will get booted from sig campaigns if you make crap posts like this one, people will report you for spam
Best advice for new traders, make sure you sell some on the pumps,
It's really good to be a part of a signature campaign,you can follow some altcoin threads that you want to invest and leave a comment on that and get paid for doing it.it's like hitting to birds with one stone.
Very good words. I did invest under hype aswell and totaly fell for it. This is something youd usually think crazy about. "How the hell could I?". But can easily happen reading a good Idea and some hype replys.
Read the whole ANN thread no matter what! I totaly agree.
Read the whole ANN thread no matter what! I totaly agree.
A lot of years spent trading and some other projects so time to give some advice to newbies.
Advice on buying alt coins, just remember you will be swimming with a lot of sharks once you get into altcoins so build some defence and protect you investment wisely, because these people i referred to as sharks are the scum of the earth.
"Read the whole ANN thread of a coin (even if its a 100 page) don't just buy cause you feel you have a hunch or based on hype. Hype is created by shill accounts and cheap paid news editorial , you can usually tell you will see a lot of fake hype from newbie accounts posting crap like " to the moon" or screenshot of price going up"
Make sure the dev is active and has not left the project, if the dev is less than full member account walk away.
Crowdsale and ICO walk away, only people making money will be the dev and his associates. ICO and Crowdsale are bullshiet. Don't believe in that marketing crap has the reason for the ICO or crowdsale.
Inactive dev walk away, a dev that randomly disappear for weeks is a bad sign. If you hear excuse such as family or medical / holidays etc expedite your exit.
A dev that has worked on several other alt coins that have failed is usually a good sign to avoid any of his project, its not a coincidence history repeats itself.
Coin with high supply like 100 millions are less successful than coin coins in the mid range like 30-40 mill.
If a dev claims high % of coins will be used as bounty walk away, this could just be a ruse to pay the coin to himself unless there is proof each bounty has been verified and checked thoroughly.
Avoid buying coins that are too expansive.
Trust no one and avoid trollbox.
Do not become a bag holder , if you feel the coin is going nowhere cut your losses and it least exit with some of your money and stop day dreaming.
Don't invest money you cannot afford to loose.
Do not get caught in the dream state where you think the coin you pick will make you rich ,usually be realistic.
Do not automatically assume if you invest in the top 10 coin it automatically means you will make money, you will be surprised of the results and realise your mistake far too late.
Do not get greedy , if you have a coin that has made some profit it least get 50% of the profit based on your investment.
Using the above guidelines will make you more prepared for the altcoin scene.
Advice on buying alt coins, just remember you will be swimming with a lot of sharks once you get into altcoins so build some defence and protect you investment wisely, because these people i referred to as sharks are the scum of the earth.
"Read the whole ANN thread of a coin (even if its a 100 page) don't just buy cause you feel you have a hunch or based on hype. Hype is created by shill accounts and cheap paid news editorial , you can usually tell you will see a lot of fake hype from newbie accounts posting crap like " to the moon" or screenshot of price going up"
Make sure the dev is active and has not left the project, if the dev is less than full member account walk away.
Crowdsale and ICO walk away, only people making money will be the dev and his associates. ICO and Crowdsale are bullshiet. Don't believe in that marketing crap has the reason for the ICO or crowdsale.
Inactive dev walk away, a dev that randomly disappear for weeks is a bad sign. If you hear excuse such as family or medical / holidays etc expedite your exit.
A dev that has worked on several other alt coins that have failed is usually a good sign to avoid any of his project, its not a coincidence history repeats itself.
Coin with high supply like 100 millions are less successful than coin coins in the mid range like 30-40 mill.
If a dev claims high % of coins will be used as bounty walk away, this could just be a ruse to pay the coin to himself unless there is proof each bounty has been verified and checked thoroughly.
Avoid buying coins that are too expansive.
Trust no one and avoid trollbox.
Do not become a bag holder , if you feel the coin is going nowhere cut your losses and it least exit with some of your money and stop day dreaming.
Don't invest money you cannot afford to loose.
Do not get caught in the dream state where you think the coin you pick will make you rich ,usually be realistic.
Do not automatically assume if you invest in the top 10 coin it automatically means you will make money, you will be surprised of the results and realise your mistake far too late.
Do not get greedy , if you have a coin that has made some profit it least get 50% of the profit based on your investment.
Using the above guidelines will make you more prepared for the altcoin scene.
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