Topic: Asking Investment advice? - page 3. (Read 534 times)
Personally, I think the most correct advice for investments is the complete cryptocurrency information at the moment. If the user owns the information and correctly reads the forecast of cryptocurrencies, then you can confidently invest in the most promising Ethereum coin. Since I believe that Ethereum is the most stable and promising coin that will be profitable in the near future.
I think most of us are not yet fully understand on how a cryptocurrency investment works, thats why most of us ended up losing our hard-earned money, cryptocurrency investment is not just like any other investment, it is a high-risk investment because of its nature, very high market volatility and weird fluctuation most of the cryptocurrency has no inherent value at all, so thats the risk we should know before we invest, in the time that we bought a particular cryptocurrency we are just simply speculating and it has no guarantee that we can get any returns with our investment. so before start investing in cryptocurrency just make a simple consideration Invest only that you can afford to lose.
No doubt your own research is more valuable than others, here is a lot of new project coming in large quantity but very least of them are based on real business.
pay attention to the following points : idea, popularity, reviews in the media, command. Learn the search for them and know what they are capable of, The utility of their token and the idea should help you decide whether they are good projects to invest with.
No doubt your own research is more valuable than others, here is a lot of new project coming in large quantity but very least of them are based on real business.
pay attention to the following points : idea, popularity, reviews in the media, command. Learn the search for them and know what they are capable of, The utility of their token and the idea should help you decide whether they are good projects to invest with. You are right about it but if the newbies will come to me and will ask me what is the best currency to invest their money then my answer will be very simple. I will just refer then to the safest investment currency that are on top 5 in coinmarketcap so they can just skip the research especially that they are still a newbie.
This is what I often recommend. Always check what's on the top of the list as there is a reason why they are in there. Their value may go down but there is still a high chance that they are just experiencing correction and will eventually go up again. I even apply this on myself as I don't have time to study everything that trends in crypto so I often invest what I think is on the top list of Binance. I guess this is for someone who chooses to HODL like me but if a certain person are so greedy and are always in a rush to earn more I guess, he/she should study how crypto works and start learning how to trade, I think that stuff is risky but profitable.
A common frequently asked question seen in crypto is:
How to invest my money?
Which is best coin to buy now?
Which project will give us a good return in certain time frame?
According to my thoughts The best advisor for you is yourself. Here is nobody want to do some researcher for himself and always listening others, no doubt many experience persons are here around you and may be some one advice you with a good tip, but this is not a permanent solution to make you good trader or investor.
I think You should first learn about how this market works, Which type of project successfully stable in every type of market sentiments.
How to Find best Projects:
Always make a list of coins and then the things matters are Team capabilities , Project Social updats, How much engaged with community, Are they executing according Roadmap, Available Exchanges, Use case for future, Partnerships.
Investment plan:
Suppose you shortlist 3-5 project then next step is investment methodology. Always start with 25% of your available amount and steadily increase this percentage but never invest in one coin or one go. You should have already a plane in your mind for take profit. Never be greedy, sell your coins what you was planned. Always consider Stop Loss mechanism and never long your loss if your coin not responding according your expectations.
Here is a few basic points for beginners or have less experienced. Hope if you adopt these tips you will survive from big losses.
How to invest my money?
Which is best coin to buy now?
Which project will give us a good return in certain time frame?
According to my thoughts The best advisor for you is yourself. Here is nobody want to do some researcher for himself and always listening others, no doubt many experience persons are here around you and may be some one advice you with a good tip, but this is not a permanent solution to make you good trader or investor.
I think You should first learn about how this market works, Which type of project successfully stable in every type of market sentiments.
How to Find best Projects:
Always make a list of coins and then the things matters are Team capabilities , Project Social updats, How much engaged with community, Are they executing according Roadmap, Available Exchanges, Use case for future, Partnerships.
Investment plan:
Suppose you shortlist 3-5 project then next step is investment methodology. Always start with 25% of your available amount and steadily increase this percentage but never invest in one coin or one go. You should have already a plane in your mind for take profit. Never be greedy, sell your coins what you was planned. Always consider Stop Loss mechanism and never long your loss if your coin not responding according your expectations.
Here is a few basic points for beginners or have less experienced. Hope if you adopt these tips you will survive from big losses.
Good points, I would add, never take investment advice from people over the internet. It's your money, make your own choices.
I think it can be useful to get project advice for investment, but always the investors has to do his own detailed research too. In this way, we can learn more about both the project and the crypto world. And after we have enough information, we must determine the project we will invest in by our own decision.
The list of How to Find the Best is good but it's important also to look at it independent of the team sometimes.
I think some of the most successful projects are simply about having a good enough team, a good enough solution and something everyone will want to use. Community's super important too, as I've seen notsogood projects do better than awesome ones because of a stronger community.
I think some of the most successful projects are simply about having a good enough team, a good enough solution and something everyone will want to use. Community's super important too, as I've seen notsogood projects do better than awesome ones because of a stronger community.
Advising one's self is good, but there should be agreed Crypto-friendly standards every newbie should be aware of. That would make further researching easy for them. We currently don't have the standards. This adds to the problem in Crypto crowdfunding.
I think if you have basic knowledge of crypto and blockchain then it is easy to spot real and legit projects but what i have observed is that people get attracted to new projects and coins due to profit potential but always keep in mind the risk associated with these high risk high reward investments.
People do get attracted to new coins because they hope these coins can turn to another Bitcoin someday, investors want huge ROI to begin with, they find old coins to be costly and new coins are always cheaper, the fact is those new coins always come with greater high risks
Many coins are good to invest, but the most important thing is to choose a coin that is profitable for you, the most important thing because the coins that are recommended are also good, but in the increase and also the profit you do not know because it's back to ourselves how to choose coins precise and accurate.
I used to listen to people, follow their ways but always get rekt until I start making decisions myself then things start turning around, it's good to learn from others but learn to make your own decisions
Yes, it does not hurt us to learn from others, but we also have to be able to sort out our desires with the desires of others, so that we can also make our own decisions through our own research, because not everything we learn from others can we use for ourselves.at first learning cryptocurrency, of course we need other people, I suggest we have friends who will teach us in the world of crypto, so we will learn faster. after we understand about crypto, of course we will learn to analyze and seek experience, both in the world of trading or investing. in this step personal decisions must be held firm, so that one day we can succeed
A common frequently asked question seen in crypto is:
How to invest my money?
Which is best coin to buy now?
Which project will give us a good return in certain time frame?
According to my thoughts The best advisor for you is yourself. Here is nobody want to do some researcher for himself and always listening others, no doubt many experience persons are here around you and may be some one advice you with a good tip, but this is not a permanent solution to make you good trader or investor.
I think You should first learn about how this market works, Which type of project successfully stable in every type of market sentiments.
How to Find best Projects:
Always make a list of coins and then the things matters are Team capabilities , Project Social updats, How much engaged with community, Are they executing according Roadmap, Available Exchanges, Use case for future, Partnerships.
Investment plan:
Suppose you shortlist 3-5 project then next step is investment methodology. Always start with 25% of your available amount and steadily increase this percentage but never invest in one coin or one go. You should have already a plane in your mind for take profit. Never be greedy, sell your coins what you was planned. Always consider Stop Loss mechanism and never long your loss if your coin not responding according your expectations.
Here is a few basic points for beginners or have less experienced. Hope if you adopt these tips you will survive from big losses.
You are right about it but if the newbies will come to me and will ask me what is the best currency to invest their money then my answer will be very simple. I will just refer then to the safest investment currency that are on top 5 in coinmarketcap so they can just skip the research especially that they are still a newbie. How to invest my money?
Which is best coin to buy now?
Which project will give us a good return in certain time frame?
According to my thoughts The best advisor for you is yourself. Here is nobody want to do some researcher for himself and always listening others, no doubt many experience persons are here around you and may be some one advice you with a good tip, but this is not a permanent solution to make you good trader or investor.
I think You should first learn about how this market works, Which type of project successfully stable in every type of market sentiments.
How to Find best Projects:
Always make a list of coins and then the things matters are Team capabilities , Project Social updats, How much engaged with community, Are they executing according Roadmap, Available Exchanges, Use case for future, Partnerships.
Investment plan:
Suppose you shortlist 3-5 project then next step is investment methodology. Always start with 25% of your available amount and steadily increase this percentage but never invest in one coin or one go. You should have already a plane in your mind for take profit. Never be greedy, sell your coins what you was planned. Always consider Stop Loss mechanism and never long your loss if your coin not responding according your expectations.
Here is a few basic points for beginners or have less experienced. Hope if you adopt these tips you will survive from big losses.
And if they like a high ROI then they will start to do their own research like how they can join the genuine project but they should also consider that high ROI has a high risk also therefore this kind of investment are only good to those people who have the deepest knowledge about crypto or ICO's.
I think if you have basic knowledge of crypto and blockchain then it is easy to spot real and legit projects but what i have observed is that people get attracted to new projects and coins due to profit potential but always keep in mind the risk associated with these high risk high reward investments.
its easy to spot a good coin to invest but do not forget that they are also looking for profit not only finding a good coins ( and this things is hard to do or find)you can easily say you invest in this coins . But how will you earn from it ? Are you storing a coin becuase its just a good coin and one of the popular then there are chances you will lost.
Finding a good coin and buying it in the right time is the key to earn profit.
It's pretty hard to choose good projects especially if they are new, it's better to choose from projects that have been around for a while, something is certain in this space and that is, you can never know what developers have in mind for a new project until they show it
Yes, and the developers of the new project will not immediately show what they are thinking when developing the project, even though there are people who ask, they only ask to read the composition of their whitepaper, and what is poured into the whitepaper is also not entirely from their thoughts.
It's pretty hard to choose good projects especially if they are new, it's better to choose from projects that have been around for a while, something is certain in this space and that is, you can never know what developers have in mind for a new project until they show it
If I may just add some tips for those who want to do crypto investments;
Whatever projects or coins you may want to invest, it is important to know if the platform is useful in the crypto market and has a significant role in the future. Remember that the best teacher is our experience. It takes a gradual patience to become a successful investor so be ready with all the possible risks.
- Make a plan.
- Stick with your goal.
- Diversify investments- just like what OP said. Making a diversified portfolio is a good step to acquire more profits.
Whatever projects or coins you may want to invest, it is important to know if the platform is useful in the crypto market and has a significant role in the future. Remember that the best teacher is our experience. It takes a gradual patience to become a successful investor so be ready with all the possible risks.
I used to listen to people, follow their ways but always get rekt until I start making decisions myself then things start turning around, it's good to learn from others but learn to make your own decisions
Yes, it does not hurt us to learn from others, but we also have to be able to sort out our desires with the desires of others, so that we can also make our own decisions through our own research, because not everything we learn from others can we use for ourselves.
I used to listen to people, follow their ways but always get rekt until I start making decisions myself then things start turning around, it's good to learn from others but learn to make your own decisions
No doubt your own research is more valuable than others, here is a lot of new project coming in large quantity but very least of them are based on real business.
That's right, for those who already have a lot of experience in crypto certainly will not rely on research from others, because our own research is very valuable and as long as many projects become scams, research on new projects that emerge is the first point to be done by anyone at the moment.Agree, by doing our own research, we know more about the project we want. In addition, if we have a problem with the project, we don't blame others and give us lessons about whether the project is legit or not. To invest, I prefer to invest in projects that are in the top 30 coinmarketcaps because they have large liquidity and are also traded at large exchangers
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