Risk is always present in any kind of investment but you have a choice to either do your own research or follow what's the trend and most people would choose the latter. That's why most of them suffering from unexpected losses because they don't know what they were doing.
And with the high risk investment plus high volatility market such as crypto currency, you are not investing a loaned or borrowed money because you can't keep up the payment plus the interest if you are planning to rely only of after getting the profit from your investment, there's no assurance about that unless you have some other source of income.
Topic: An advice for Crypto Investing - page 2. (Read 473 times)
In addition to that;
- invest only good coins, not shitcoins or hype.
The wrong choice of coins will literally end up mostly in losing. We need to be smart not just only in picking coins but also in making decisions. I do agree to keep learning, invest more time studying the market as this will help a lot to determine a good time to buy/invest and the best time to sell them.
The whole funds will only go into waste if in the end, you resort into wrong decision making. Let's say that you follow all those advices for crypto investing, but to think that you are not that good in selecting coins to invest, if you fall for those coins with red flags, then everything will end up in a mess. So as much as possible, if you think you are not capable to create right decisions, then just play safe. Buy and hold bitcoin. With patience alone, you will end up reaping huge profits when bitcoin price surges and settles into its new ATH. - invest only good coins, not shitcoins or hype.
The wrong choice of coins will literally end up mostly in losing. We need to be smart not just only in picking coins but also in making decisions. I do agree to keep learning, invest more time studying the market as this will help a lot to determine a good time to buy/invest and the best time to sell them.
No investment plan, or strategy is 100% save you have to take into account all the risks and profits as well. Here is a link for you to discover one investment strategy. https://exio.tech/blog/what-is-yield-farming-in-defi/
I think this sums up the best advice that anyone could receive when they are planning on investing something- always prepare and create a strategy for both results, either in profit or in loss. Also, having a contingency plan will definitely be beneficial in the long-run given that it will give you background on what to expect and to do in the event of an exit plan.
To add on the list that OP created, the best advice that I could give is always to have faith on your investments. In addition, only invest the amount that you are willing to lose given that investing into cryptocurrency by itself is the most risky method that could either make or break your capital in the shortest amount of time possible.
I guess your intention when you wrote it is "Don't use all of your personal savings for investment". Correct me if my guess is wrong 
It could be that OP intended to say that we should use our side income for the investment and not those net earnings that we get from our 8-5 work. In my case, I use some parts of my savings to invest in Bitcoin sometimes but I do not have the intention to invest most of it.I still want to meet my "wants" for sure.
I believe he refer to top 10 or 100 coins on CMC or Coingecko that considered as good coins, while the fact they're list only based on the market cap, not from the usage.
You've noticed this well, because most people don't even know why a coin/token is in a certain position - and they probably assume that it has something to do with how good a certain project is. Market cap manipulation is something most altcoins use, and the coin you mentioned has just under an incredible 50 billion coins in circulation.
Perhaps people evaluate the market cap as something similar to the standings, in which the higher the position, the better and more worthy altcoin.Another good tip would be not to invest in anything that has a max supply measured in hundreds of millions or billions of coins, especially if a certain percentage is pre-mined and held by the owner who will dump it the first time he pump the price.
Briefly, this advice can be voiced as follows: don't invest in something that "smells" bad. There are a lot of shitcoins on the crypto market. Most of the market is shitcoins. Therefore, if you don’t know what to invest in, then just invest in bitcoin. Trying to guess with the “true” and “promising” altcoin is more like a minesweeper game, where almost every cell is a shitcoin. 
I believe he refer to top 10 or 100 coins on CMC or Coingecko that considered as good coins, while the fact they're list only based on the market cap, not from the usage.
You've noticed this well, because most people don't even know why a coin/token is in a certain position - and they probably assume that it has something to do with how good a certain project is. Market cap manipulation is something most altcoins use, and the coin you mentioned has just under an incredible 50 billion coins in circulation.
Another good tip would be not to invest in anything that has a max supply measured in hundreds of millions or billions of coins, especially if a certain percentage is pre-mined and held by the owner who will dump it the first time he pump the price.
A friend does borrow money from the bank and use it to invest in luna in 2020 he got lucky to have taken his profit before the crash today, using borrowed money to invest is highly risky and not advisable but if you know what's at stake and you fully understand whatt you are doing it can lead to a life-changing result.
This is interestingly similar to this thread: https://bitcointalksearch.org/topic/m.60154412.
Anyway, if not coming from your personal savings, where would you get your investment funds, from the money that is intended for regular expenses? Whatever amount you invest in Bitcoin, it should be coming from your savings. I mean, from the amount after you deduct your expenses from your income.
You don't really have to avoid borrowing ever. Borrowing is even encouraged. It is strategic. But I'm afraid it applies only to those who's got advanced knowledge on finance and economy.
Anyway, if not coming from your personal savings, where would you get your investment funds, from the money that is intended for regular expenses? Whatever amount you invest in Bitcoin, it should be coming from your savings. I mean, from the amount after you deduct your expenses from your income.
You don't really have to avoid borrowing ever. Borrowing is even encouraged. It is strategic. But I'm afraid it applies only to those who's got advanced knowledge on finance and economy.
Your advice is confusing and contradicting each other.
Don't borrow money for investment, that is a good advice.
Don't use your personal savings for investment, that is not right. If you don't borrow money, don't use your personal savings, what is the source of capital to invest ?
I guess your intention when you wrote it is "Don't use all of your personal savings for investment". Correct me if my guess is wrong
Don't borrow money for investment, that is a good advice.
Don't use your personal savings for investment, that is not right. If you don't borrow money, don't use your personal savings, what is the source of capital to invest ?
I guess your intention when you wrote it is "Don't use all of your personal savings for investment". Correct me if my guess is wrong
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
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
Cryptocurrency investment is kind of risky, but I believe anything you are investing in their is always risk associated with it, Also crypto investment is not really easy that's why you have to be very careful whenever you are investing in any coin. Cryptocurrency is not just about buying when the price is low and selling when the price is high, cryptocurrency is more than that you have to do some analysis also which whenever you are doing the analysis you might endup being wrong and you can lose your money. That's why you shouldn't invest what you can't afford to lose and also you shouldn't borrow money to invest because you can't trust any coin.
Investing advice has been spread so far. However sadly, not all people care about the adivce. What they care about is mainly focusing on the ways to get profits. Whereas the advices are commonly given for us to be able to manage our funds, to decrease losing money, and also to not stress in the crypto world.
first about saving and also taking loans, it is more to the fund management. It starts with where we get the money, it should be free money. Then, how we diversify the money, taking money to invest and also savings, must be included in the management of funds, inclduing how much we invest in several coins.
first about saving and also taking loans, it is more to the fund management. It starts with where we get the money, it should be free money. Then, how we diversify the money, taking money to invest and also savings, must be included in the management of funds, inclduing how much we invest in several coins.
Well good work @OP but if you ask me the advice are the ordinary ones that even many newbies should have an idea of, I think it’s time we start seeing more thought after post, that has deeper insight and not so ordinary post that has probably been repeated on the forum thousands of time. Guys go the your research studio, do a really digging, I personally don’t think posting stuffs like this is enough, you can tell your readers your experience when you weren’t following the advice and how you experience has been now that you are following it.
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.
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.
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.
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.
All valid points, especially the last one, it should acrually be the first point. Before anyone even thinks about crypto possibilities they should take their time and learn as much as possible about it. That's the smartest and safest thing one can do and crypto education should be a priority to everyone.
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.
These things are considered necessities if you want to succeed in all types of investments. However, for crypto which is highly volatile, then one should invest it with high caution. But for most of the newbies these days, they tend to believe their own knowledge and invest in crypto the wrong way. They will only realize the truth about crypto once their investments fail and lose their funds. Sadly, one should lose first before they learn their lesson. 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.
In addition to that;
- invest only good coins, not shitcoins or hype.
- invest only good coins, not shitcoins or hype.
This is an advice that can easily be wrongly interpreted, since it's very hard to know which are the "good coins".
* CMC and such mostly shitcoins listed
* Studying which coins are indeed good need a lot of time and, imho, at the point one knows if a coin is good, he's no longer newbie. I'll add that studying is somehow in the list already, but most don't have the patience for it
* Altcoins can easily die off even if they've started as a honest and good project, just because the team was too small and life things broke it apart (although the usual reason is greed).
Better advises can be:
* if you are not sure, stay away
* be extremely wary on altcoins and new services
* never forget that something too good to be true is usually bad business (scam)
* if you don't have patience to learn, stick with Bitcoin
No investment plan, or strategy is 100% save you have to take into account all the risks and profits as well. Here is a link for you to discover one investment strategy. https://exio.tech/blog/what-is-yield-farming-in-defi/
That is true, no investment plan is 100% safe, but out of all cryptocurrencies, investing in bitcoin is safer than others, this is the coin I can tell people to invest and hold for long.That your link is simply about DeFi and yield farming in a way people can invest to make the coin they buy to take part in a pool of making transactions fast and in the process, it will earn an active income. This can be good for stable coins like dai in a way you still earn money when you stake stable coin.
But on the other hand, there are some altcoins you will stake, earn more coins, but the value of the coin your staked and that you earned with not worth the value of fiat you initially used to buy and stake the coin because of price downturn of the coin you staked. It is still very good to be careful of the coin you want to stake.
What would be the definition of a good coin? With just under 20 000 coins/tokens listed (CMC), do you think 1% has any purpose and meaning? Those projects that have the most money and the most capable teams get the most visibility, which means the most investment and some kind of false credibility.
I believe he refer to top 10 or 100 coins on CMC or Coingecko that considered as good coins, while the fact they're list only based on the market cap, not from the usage. It's shame how XRP aka 100% centralized coin can get back to top 10 coins, there's other coin is more deserve to reach top 10. All coins except Monero and DAI are completely useless or copycat.
What would be the definition of a good coin? With just under 20 000 coins/tokens listed (CMC), do you think 1% has any purpose and meaning? Those projects that have the most money and the most capable teams get the most visibility, which means the most investment and some kind of false credibility.
I believe he refer to top 10 or 100 coins on CMC or Coingecko that considered as good coins, while the fact they're list only based on the market cap, not from the usage. It's shame how XRP aka 100% centralized coin can get back to top 10 coins, there's other coin is more deserve to reach top 10. All coins except Monero and DAI are completely useless or copycat. 
1. In any investment, you should not use the money for daily life to join because that can make your life in trouble.
2. If you know what you want to do with your investment, you can borrow the money from your bank, especially to grow your investment, but be careful. Not many people can pay back the money. So we need to make sure that we can pay the money back. But you shouldn't borrow money from your bank.
3. Before you invest in crypto, you should learn what coin can give you a return, and so far, bitcoin is the best investment than the altcoin.
But if you want to invest in any new coins or tokens, you need to be careful because not many coins or tokens can increase in the future.
2. If you know what you want to do with your investment, you can borrow the money from your bank, especially to grow your investment, but be careful. Not many people can pay back the money. So we need to make sure that we can pay the money back. But you shouldn't borrow money from your bank.
3. Before you invest in crypto, you should learn what coin can give you a return, and so far, bitcoin is the best investment than the altcoin.
But if you want to invest in any new coins or tokens, you need to be careful because not many coins or tokens can increase in the future.
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