1. DON'T USE YOUR PERSONAL SAVINGS FOR INVESTMENT - as the saying goes, "invest what you can afford to lose," so set aside money for this purpose.
Topic: An advice for Crypto Investing (Read 470 times)
1. DON'T USE YOUR PERSONAL SAVINGS FOR INVESTMENT - as the saying goes, "invest what you can afford to lose," so set aside money for this purpose.
Right now Time To investment Time now btc Some dump. I Think This is The time to buy others Coin With cheap Price.
I Suggested my all Friends Invest something now you will get profit In few days
I Suggested my all Friends Invest something now you will get profit In few days
I have seen many people investing in crypto because of the hype they hear from people about it and that it makes one rich. But this not what one should focus on rather they should do their own research about the market to know when to invest, buy or sell. The market is volatile and it can disappoint when you have too much expectation about it. Remember only invest what you can lose.
3. INVEST MORE IN CRYPTO STUDYING - As the saying goes, "knowledge is power."
It seems that you are a new breed concerning investment, actually some of your point out is very important towards investment of any kind, and i noticed that you would have channel or direct this your advice to newbies than making it generous to us, because many investors has undergoes different method and strategies of investment, and they have master and notice their loophole from investment, if you want to prosper via investment ensure you have observe those you outlines and follow it gradually, do not invest wrongly.
The fear index is real, people you say? Survival is what matters to people, if situation of the economy gets worsen people won't care about holding crypto anymore, there are still millions of millions people who haven't even invested in crypto yet because of lack of regulation.
Fear is related to psychology, whoever the person is, they have an unstable psychology when the market is like today. There are some people who can stand it and have a strong psychology, but they are also backed up with strong funds. But if the funds are exhausted, then psychology will play and collapse. Survival is number one, but of course there must be a reserve even if it's only 1% of the main capital to keep things as they are now, so there won't be many losses and regrets.Therefore, how important it is to do management before investing, to manage finances in investing and what strategies to use. Becoming an investor or trader must be smarter.
Investing in crypto assets is risky, but it can also be incredibly profitable. If you want to obtain direct exposure to the demand for digital currency, cryptocurrency is a good investment.
Let me highlight the key points you should be aware of before investing:
1. DON'T USE YOUR PERSONAL SAVINGS FOR INVESTMENT - as the saying goes, "invest what you can afford to lose," so set aside money for this purpose.
2. PLEASE DON'T EVER BORROW MONEY - this is a mistake that many people make, and unfortunately, many individuals continue to make the same error by trying to make a significant profit like "e-sabong."
3. INVEST MORE IN CRYPTO STUDYING - As the saying goes, "knowledge is power." More knowledge improves our decision-making abilities, as well as our ability to choose the logical and ethical reasons on which we want to base our decisions. Problems are solved with knowledge. Knowledge improves our reasoning and problem-solving abilities.
If you have anything to contribute, please do so. Let us assist one another.
Yes, you have made some good points and here i can add Refrain from greediness. If you think you have 10% or more profit from your investment money then give it up. Another big mistake that can be made is to invest in shit tokens without realizing it. Many people invest here in the hope of making more profit, but after a period of time the coin does not exist. So you must understand these issues. Let me highlight the key points you should be aware of before investing:
1. DON'T USE YOUR PERSONAL SAVINGS FOR INVESTMENT - as the saying goes, "invest what you can afford to lose," so set aside money for this purpose.
2. PLEASE DON'T EVER BORROW MONEY - this is a mistake that many people make, and unfortunately, many individuals continue to make the same error by trying to make a significant profit like "e-sabong."
3. INVEST MORE IN CRYPTO STUDYING - As the saying goes, "knowledge is power." More knowledge improves our decision-making abilities, as well as our ability to choose the logical and ethical reasons on which we want to base our decisions. Problems are solved with knowledge. Knowledge improves our reasoning and problem-solving abilities.
If you have anything to contribute, please do so. Let us assist one another.
We are heading in a tough bear market I think you need to adjust your advice for newbies, many altcoins will die or vanish, holding Bitcoin and stable coin is the best thing to do right now, when things starts to settle that's when newbies should start picking their favourite altcoins.
1. DON'T USE YOUR PERSONAL SAVINGS FOR INVESTMENT - as the saying goes, "invest what you can afford to lose," so set aside money for this purpose.
The amount you might decide to set aside is still from your personal savings. Investing what you can afford to lose is the goal nothing really is easy. Crypto investment is not an exception. I will embrace the idea of investing more in the knowledge because the more one understands the market the better their investment approach We are heading in a tough bear market I think you need to adjust your advice for newbies, many altcoins will die or vanish, holding Bitcoin and stable coin is the best thing to do right now, when things starts to settle that's when newbies should start picking their favourite altcoins.
Also, these are some important pieces of advice to every beginner who wants to invest in crypto :
1- You should invest long-term, not short, and stay away from speculative and financial leverage
2- Do not put your entire capital in one token, but rather diversify your wallet with many promising tokens
3- Invest in tokens that have value and do not invest in meme coins
4- Do not let the expectations of YouTubers and bloggers determine your investment decision
We are heading in a tough bear market I think you need to adjust your advice for newbies, many altcoins will die or vanish, holding Bitcoin and stable coin is the best thing to do right now, when things starts to settle that's when newbies should start picking their favourite altcoins. 1- You should invest long-term, not short, and stay away from speculative and financial leverage
2- Do not put your entire capital in one token, but rather diversify your wallet with many promising tokens
3- Invest in tokens that have value and do not invest in meme coins
4- Do not let the expectations of YouTubers and bloggers determine your investment decision
For now, i am stuck in the learning zone, not due to the fact that i cannot invest in crypto, but because i have done so in previous times and have lost tremendously. Well, i at first didnt know much and only did so because of my friends who couldn't stop making a fuse about it. i also learnt from that small experience that (i dont know how true this is)to make good profit from this, one has to invest a pretty large amount, unless one considers mining from scratch. Small cash investment get lost in the haystack of the rise and fall trend of crypto, as well as charges one would pay along the way, and only those who have much more to lose actually benefit in the long run.
Learning the mistake is a big factor that influences us mentally and emotionally, and find ways from the recurrence of the same mistake again. I know it could create some sort of doubt and less confidence but if we still have some faith in ourselves, we can still make it better.
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I beg to differ however, and would only encourage others with much more understanding of bitcoin/crypto trading and investment to keep giving hints and be a mentor to those of us who for now seek the knowledge for future endeavours.
Knowledge and market understanding is a must in this crypto world, nothing went successful in the absence of these things. Work on your failure and mistakes, then make it a basis to learn more and enhance your knowledge and self-confidence.
Those that are investing all that they've got are looking at it like a lottery ticket.
But, it's still important to remember that there's a need for them to do not push themselves that far. Because as they invest, they're taking the risk that they might not even take in the future.
And if they insist, well, it's their money and investment and only them and losses can stop them.
Crypto investing need not to be in rush to make profits. So you don't need to put everything you have just because it could bring you huge amount of profits in the future. But what if you lose? Investing comes with gains and loss, and losing is inevitable. So be cautious when putting your money, where and what to invest. And for you to free yourself from worries and regrets, only invest an amount you can afford to lose. Otherwise, investing like gambling may only cause troubles in the future. But, it's still important to remember that there's a need for them to do not push themselves that far. Because as they invest, they're taking the risk that they might not even take in the future.
And if they insist, well, it's their money and investment and only them and losses can stop them.
Investing in crypto assets is risky, but it can also be incredibly profitable. If you want to obtain direct exposure to the demand for digital currency, cryptocurrency is a good investment.
Yes, high risk, high turn.What we focus on in this crypto investment is two, not only the profits but also the risks that we will always face during the investment. That is why we must do some consideration and research before doing investment in crypto.
1. DON'T USE YOUR PERSONAL SAVINGS FOR INVESTMENT - as the saying goes, "invest what you can afford to lose," so set aside money for this purpose.
There is no need to force us to invest in crypto, moreover, if the trigger is because of some FOMO with Hype. We should be aware enough of the funds that we are using for investment. Free money is the right money to be used for investment, not the saving, loans, or moreover daily needs. Yes I absolutely agree with this
For now, i am stuck in the learning zone, not due to the fact that i cannot invest in crypto, but because i have done so in previous times and have lost tremendously. Well, i at first didnt know much and only did so because of my friends who couldn't stop making a fuse about it. i also learnt from that small experience that (i dont know how true this is)to make good profit from this, one has to invest a pretty large amount, unless one considers mining from scratch. Small cash investment get lost in the haystack of the rise and fall trend of crypto, as well as charges one would pay along the way, and only those who have much more to lose actually benefit in the long run.
I beg to differ however, and would only encourage others with much more understanding of bitcoin/crypto trading and investment to keep giving hints and be a mentor to those of us who for now seek the knowledge for future endeavours.
I beg to differ however, and would only encourage others with much more understanding of bitcoin/crypto trading and investment to keep giving hints and be a mentor to those of us who for now seek the knowledge for future endeavours.
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Investing in crypto assets is risky, but it can also be incredibly profitable. If you want to obtain direct exposure to the demand for digital currency, cryptocurrency is a good investment.
Everything in life that present a good and unique opportunity will also present a unique disadvantage i.e every investment setting or asset comes with risk.1. DON'T USE YOUR PERSONAL SAVINGS FOR INVESTMENT - as the saying goes, "invest what you can afford to lose," so set aside money for this purpose.
Investing in your personal saving doesn't mean you automatically invest more than the amount you can afford to lose. Nevertheless, investing more than you can afford to lose now that the market is in panic stage is still fair but it's not investment advice and it is for only the people that can afford to take the risk.2. PLEASE DON'T EVER BORROW MONEY - this is a mistake that many people make, and unfortunately, many individuals continue to make the same error by trying to make a significant profit like "e-sabong."
Yes, people are advised not to borrow money but let's be honest with ourselves, borrowing money to invest in a crypto is not as bad as we think and thats if you borrow the amount you can pay it back and invest for the long term in this current market. This is not applicable to the newbie though.
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If you have anything to contribute, please do so. Let us assist one another.
It was being said that once you don't clearly understand what you are doing, you'll just end up nothing. If you have anything to contribute, please do so. Let us assist one another.
Investing comes with a certain preparation;
- money as for capital ( borrowed or personal money)
- knowledge and skill ( includes strategies)
- time
- gameplan
A failure to acquire these things will never succeed. I haven't found a perfect way to do trading but what I've mentioned above will certainly help to avoid big losses.
1- You should invest long-term, not short, and stay away from speculative and financial leverage
2- Do not put your entire capital in one token, but rather diversify your wallet with many promising tokens
3- Invest in tokens that have value and do not invest in meme coins
4- Do not let the expectations of YouTubers and bloggers determine your investment decision
1. I can still wait further for the market to dump until a very bearish moment become realistic again in a way even short term investment will be profitable for me, but keeping it long term will increase more the profit. I have the patience for that right moment to come and invest long term. Investing now is neither bad if long term profit is the purpose.2- Do not put your entire capital in one token, but rather diversify your wallet with many promising tokens
3- Invest in tokens that have value and do not invest in meme coins
4- Do not let the expectations of YouTubers and bloggers determine your investment decision
2. I like the idea of not investing in just only one coin but the first should be bitcoin while others can be altcoins. Investment diversification is very important in making profit because some altcoins will just fail someone by not increasing in price during bull market. I too prefer investment diversification but the first coin to invest is bitcoin.
3. It depends on the meme coin, like doge and shiba inu, they are good meme coins. Not meme coins that are risky only, it is new projects which are all altcoins generally that are risky.
4. Making research is better than following someone on YouTube, that is right.
I supposed I have come across this kind of thread from another forum users. But that does not cripple the message behind this very thread though, especially coming from a newbie.
Cause some niewbies are just newbie's here in the forum but in the reality they are much knowledgeable in cryptocurrency than some high ranking users as the case may be.
I take this thread as a reminder at investing, and so well appreciated.
Cause some niewbies are just newbie's here in the forum but in the reality they are much knowledgeable in cryptocurrency than some high ranking users as the case may be.
I take this thread as a reminder at investing, and so well appreciated.
Before each investment, one should be well informed about the market, make a detailed analysis, and only then start investing.
There should be a clear strategy and investment plan and a clear exit strategy.
One should beware of the euphoria of the media and other, inexperienced investors, keep their emotions under control and make rational decisions.
The crypto market has actually become very similar to classic markets and stock exchanges, and the rules are the same.
It is not realistic, nor should anyone expect it to be enriched here over night.
It takes a lot of patience and time for a concrete result.
Of course, investing is not just all about the money but prior to that, there should be a good preparation. Being aware and be educated about the investment, its advantages and disadvantages, its best entry and exit plans, and of course, its long term vision that will guide a trader as to what, where and when to invest. If there is enough funds to invest, then make sure that those funds will eventually be used to invest in the right coins or projects. Otherwise, the plan will not be followed and eventually, the investment will never create profits and everything may lost in the thin air. There should be a clear strategy and investment plan and a clear exit strategy.
One should beware of the euphoria of the media and other, inexperienced investors, keep their emotions under control and make rational decisions.
The crypto market has actually become very similar to classic markets and stock exchanges, and the rules are the same.
It is not realistic, nor should anyone expect it to be enriched here over night.
It takes a lot of patience and time for a concrete result.
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