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. 
Topic: Asking Investment advice? - page 4. (Read 557 times)
I agree that you should always depend to yourself but it's not that bad to get some advice from other experienced people. This is applicable for newbies that are totally out of knowledge of what to invest with.
But on their part, they also need to be careful with whom they are asking. They may not know that the people they are talking with is just shilling the portfolio that he has so it's always together with diligent research so that you won't be fooled around by anyone who is giving advise. Extract the useful and ignore the unuseful advises.
But on their part, they also need to be careful with whom they are asking. They may not know that the people they are talking with is just shilling the portfolio that he has so it's always together with diligent research so that you won't be fooled around by anyone who is giving advise. Extract the useful and ignore the unuseful advises.
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.
I'm sure a lot of people will post in this thread suggesting which kinds of coins to buy into.
The answer is not that easy, I believe research is mandatory if you want to do well in this field. Another thing is, you need to decide if you want to invest as a long term holder, or by day trading. The last option being the riskiest one.
There are many promising projects out there, personally a big fan of Blocknet and their decentralized exchange. Another cool thing is their XRouter, which is a decentralized oracle network currently in beta.
Do your own research, that's the most important part, IMHO.
The answer is not that easy, I believe research is mandatory if you want to do well in this field. Another thing is, you need to decide if you want to invest as a long term holder, or by day trading. The last option being the riskiest one.
There are many promising projects out there, personally a big fan of Blocknet and their decentralized exchange. Another cool thing is their XRouter, which is a decentralized oracle network currently in beta.
Do your own research, that's the most important part, IMHO.
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.
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.
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