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 402 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.
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.
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.
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.
In addition to that;
- invest only good coins, not shitcoins or hype.
- invest only good coins, not shitcoins or hype.
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.
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.
I would just warn people here that knowledge is not something that must be bought exclusively, but can be acquired using the Internet, reading books or free education. Someone will say that all this can come at a price, but I want to say that you don't have to pay a lot of money to learn some basic and even a little more advanced things if you want to learn something about Bitcoin.
What is also very important is the moral and ethical issue when we participate in some crypto projects, and for many, it is not important at all. If you doubt that a project will fail, and at the same time you can profit - will you stay aside or consciously participate in the scam for profit?
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/
Did you mean 100% safe without any risk? LOLAny investment always have a risk, no matter what the asset it is. Especially you're recommending to invest on so called decentralized finance aka shitcoins.
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.
After I learn and understand how Bitcoin work, I don't have any personal savings on my bank anymore, but it doesn't mean I don't have cash. I still have cash in hands only for my daily expense. 
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.
- 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.
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.
Use the money you can afford to lose to gamble or trade. Investing on altcoins is also gambling, using the amount you are afford to lose is advisable too. For bitcoin investment, you can wait for bear market and invest for like few years. Do you believe I have most of my money in bitcoin and stable coin? Fiat is inflationary.Investing in cryptocurrencies is not as easy as it seems and it can be risky. Another thing investors to avoid when it comes to cryptocurrencies is getting caught up in the hype. Before investing you should carry out proper research on the project don't just invest in a coin because everyone is doing so.
If I get you right, you are talking about investing on new projects? They are very risky. I prefer to invest on projects that are existing already and that they are among the first 100 in marketcap ranking. 
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.
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.
Investing in crypto assets is risky, but it can also be incredibly profitable.
Investing in any asset is risky. Investing involves exchanging fiat or other assets for another you expect to appreciate in value over time, but no guarantee that this is going to happen; That's risk.If you want to obtain direct exposure to the demand for digital currency, cryptocurrency is a good investment.
Majority of cryptocurrencies which are created are bad investments; the market has been filled with so much scam and rehashed projects, finding out a right investment is quite difficult; much easier to stick to bitcoin. Luna has shown that even perceived established coins can fail due to lack of a definite project and actual decentralization.I've seen a couple of threads over theoas days with this exact theme; advising on how to invest. It's good you do a quick search before making a thread.
Good attempt however!
Investing in cryptocurrencies is not as easy as it seems and it can be risky. Another thing investors to avoid when it comes to cryptocurrencies is getting caught up in the hype. Before investing you should carry out proper research on the project don't just invest in a coin because everyone is doing so.
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.
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