Topic: Asking Investment advice? (Read 537 times)

I agree with your observation. Because you have taken enough observations and figured out the basics and have shown some ways to answer them, I have received some information from your statement that may be of benefit to everyone. I think this place is risky but profitable too. Thanks
   

I think people forget about their plan before start to investing their money, just thinking if buy some coin then it can be million overnight. The first step before invest is make a plan with your money, investing your time to learning about crypto industry. Money isn't necessary if you will invest in crypto, you can start with no money on it.

Newbies should start with the top and basic coins in their portfolio, coins that are on the top 5 are really worth compiling in portfolio, then just add more coins after you done your research, the top basic can can give you an insight and quick profit, do not be tempted fast on those pump and dump coins, that people here are shilling, some of them are trap, you can lose everything on these coins.

I would only take some global crypto into consideration like ETH, BTC, LTC or BNB. Those coins are fundamental and you cannot go wrong with them. Especially at the moment, when BTC halving is nearing from day to day.

I'll walking with you, A proper plane is the half of a task. without made a good plane we can not approach freely, The impediment will impose rather the inconvenient make a the plan first.

Making a list of coins can actually get me confuse, I prefer to follow up one coin at a time and one of the best way to do that is to follow up during the campaign or during the development. Following up will enable you to know a lot about the coin and to also know if it is right to invest in it.

Well as an investor taking advice from others is not that bad because it will give me an idea for things I dont know yet. In the first place we need to educate ourselves before investing so if something went wrong we are the one responsible and not blaming others for the mistakes.

But its best to have our own understanding so we dont need to depend to anyone.

That is something I won't do, giving financial advice, if anything goes wrong people you think that is your fault, so is better to stay absent and not give some financial advice.

Maybe you still beginner with investing in bitcoin and altcoin, but not have to worry every one will be easy for investing or trading in cryptocurrency, first time you need an exchange account and almost country have each exchange platform. You can deposit your cash money in local exchange account and try to buy which one good coin for investing.

that's right, it's better to make your own decisions because if you follow others it's not necessarily that the investment is successful, you will never be able to analyze which investments are good or not, if you always follow the decisions of others

Right, we have to really realize this. When we are too dependent on others, we don't have enough preparation to deal with risk. We should study the ecosystem of an investment that we want. Do not make the opinion of others as a determinant, you must have your own analysis.

You already have the basic knowledge about investment. Seeking investment advice from other people is only helpful for you to have some prospect project, but in the end, you will have to make your own decision since it is your money. No one can give you the best advice because it is based on their own preference, or they are shilling coins where they have put their bag in. Use it as a preference and make sure to make your own research about it.

Is there any coin that is not pump and dump?
Even those that seem to be the best of all still pump and dump. The only difference is that some are already established. o  even if they are dumped, they can still survive and receiver.
You just need to be careful of projects that will never last long. Pump and dump is a characteristic features of cryptocurrencies, which is why they are said to be volatile.
Invest in a coin that gives regular update on the product and other activities surrounding the project.

I will suggest you make extensive research on good coins with potential and not pump and dump. for quick profit. After them you should determine if you are going for short term or long term. Lastly don't risk what you can't afford to lose .

Yes you are right. Self research is most important for investment. Many opinions of different people will throw an investor into a dilemma. So find a best project own research. A good investor never ask anyone, he invest with his own research.   

It is true that many people ask repeated questions about investment advice, which other people's advice is not necessarily appropriate
with what we need and also not necessarily true. We better research first on how to invest, the best coins for purchases and projects that
provide benefits in the near future. And if you have done your research, you don't need to ask someone else's advice anymore, you already
have the answers that you need.

I think this point is enough to make a good research on some projects where you want to invest. I just want to put some extra attention, don't trust any promises that makes shit project. For new coins fake promise can easily make. For long term top exchange listed coin will be better instead fresh new coins.

What i have seen over the years is that the newer coins are the biggest bet i mean they can give you even more than 100x profit in some months or they can make you lose more than 100x and it seems like during downtrends and slow markets even good projects are probably going to give you loss that is why the investment volume and interest disappears during downtrends, i am sure market will improve once we are into another cycle of longterm uptrend.

Yes, that's why we all have to learn how to recognize phishing sites in the crypto room, because so many have been trapped into fraud in the crypto room because we don't know which sites are genuine and which are phishing sites.

You can only be a good investor in crypto if you are an early investor. But if you bought your coins in 2017 up to today, you still can't be considered a good investor for we all know in the future, bear market will once again hit the market and you may find that BTC will once again crash.  But don't worry, you may not be a good investor but you can always be a good trader.

Just to add to your point here that there are some scammers in the currency market who will embrace money through phishing, so take care of any way towards investing your money.

If you invest money without knowing where you are depositing your money, it will be like a fool. And how important it is for those companies to work is literally very important. I believe that Btc , Eth is the most stable and promising coin that will be profitable in the near future. Before that do your own research.

investing in cryptoqurrency certainly has its own risks, but if you are new in this field, I suggest you save money in the form of bitcoin. You still have the opportunity to gain profits in the short or long term, besides that bitcoin is one of the top cryptoqurrency in this market and is certainly profitable for investment.

Make sure the company or organization is an activities account at all, There have some steps for justifying the Inquiry. Because if are not sure about the invested company it made a huge loss. So, Inquiry is most important before the investment.

it's clear thinking, Don't spend your money in one buy. Use slowly and save money to buy when the lowest price. I use this method in trading crypto so that the main investment losses can be covered by the second stage of investment means that when prices below me there is still money to buy back.

Neutrally, i do not think it is good for you to ask the general public how you should invest.
Investment in crypto currency requires personal understanding of the crypto volatile market first.

You need to get ahead in knowledge about trading, practice for a while before you are able to make investment plans for yourself.

My personal advice for you is not to pay for any signals, develop your trading skills and see how good you can be as a crypto trader.
Nothing beats what you can do for yourself.

DYOR ALWAYS.

Many articles have been written on this topic, many topics have been created on the forum, many thoughts have been expressed. Your advice is not new and enough to read about basic financial recommendations to understand this. The most important thing is not those projects in which you invest, but whether you are ready to part with the money that you invest. Most people are not ready, and fall into doubtful situations created by their own greed.

You always need to keep a large reserve of funds so that you can easily confront financial challenges. and these challenges, crises have brought us a lot lately. I will refrain from investing in Bitcoin for now.

I would request you to go through last 12 months of market trend and then chose wisely based on your research as noone over here will be able to help you with investment advice as some might randomly blaber something while other paid stooges will try to make sale out of you by promoting their projects.

Only your own research can help you because users here cannot even decide whether to hodl Bitcoin during dump or panic sell so they cannot help you with investment advice.

It's good enough you can ask questions here about the direction of your investment goals. some of the threads I visited also discussed investment advice. I am not suggesting that you buy blind coin coins in every market. because investment needs analysis first before you make a choice. I just want you to be careful in investing and finding information on every social media. ETH, XRP, BCH, BNB, BTC are the right choice.

Don't ask for investment advice on the forum, do your own research.

Most people who are here have their own agenda in promoting certain coins or businesses. Some are paid to do it, others have invested their own money. Some can even be holding bags they want to sell to newunexperienced people. You could also be asking for advice other new people who don't know what is good but want to recommend something because they're in a campaign and it pays for anything they write.

Yes, you said true mate. All new coins got hyped and whales shows a huge profit for taped new user to get involved and they can dump on someone and take healthy profit, But some are trade smartly and take their profit within limited time frame.

There are a lot of newbies asking about Investment advice but it is good to see a newbie giving investment advice to others. You have almost included some of the important points which might make it possible for you to start your investment into new projects but this would not literate the newbies and they would continue making mistakes by investing into wrong project with more than 50% of their capital. Greed is a major cause here.

Some of the shit projects show heavy returns which usually attracts a number if newbies to the platform and they blindly invest into such projects with maximum amount they can only to have major profits in the future but end up crying in loss. You should mention about "greed" in OP as it might help a lot of people understand what is actually needed to start the investment.

Why you come up with a 25% budget? I like the scheme but 3 to 5 projects are already many when your budget isnt that enough in my opinion. Normally this aspect is for leveraging.

We have coinmarketcap as a reference but I advise not to depend on this for complete information as some of them are just manipulated info especially the volume. I think investing has a lot of factor to considered with such as technical, token metrics and most especially its objective use cases in relation to real world application. If its bull shit concept then dont waste your time.

maybe you mean is day trading ?because if you are considering Semi long term or even Long time holding then you don't have to use stop loss strategy.
but yeah our own research will make us safer
than relying from other advises and also putting smaller amount first
can be the saving point.
but i think better ready for the dump?if the value falls down but you have trust in that currency then better keep the holding and Focus to another currency to use for daytrade again?but of course this is my only idea and style not encouraging others to do the same unless you are ready.

It is true,

It is best to follow your own decision and do not take any investment advice from anyone to avoid regretting it in the future. Doing your own research is a must to understand the investment that you are doing instead of asking questions frequently to other people.

Absolutely right, These are the basic good tips for all newbies and every time you go forward you will learn but consider one thing always do homework and make a plan then go forward and take risks because with taking the risk you will never succeed.

There have been a number of scam projects running around but there also are a number of scam busters around who keep on busting such kind of scam projects so this might be a useful case for newbies before investing.

We could simply check for the reviews about the project we want to invest into by checking it onto google and it might also redirect us on bitcointalk where some threads might already be present in scam accusation about the same project. This forum is really useful in identifying real and scam projects so I wish newbies can take benefits from it and only invest into genuine projects which would make them close to the crypto space without losing any of their capital.

You did great as your experience but after everything some projects already died for liquidity pool. Those projects had great team, exchange and partnership. Invest in one coin then swap to another coin. Suppose top 20 coins you could select than invest in lowest dump coin after pump do it again.

DYOR is a must, particularly when you are starting your investing journey. In that way, you can find various of information that can help you decide which project is profitable. Researching may require some time and effort, but it will guide you and enlighten you of the things that you have to consider as you build the foundation of your decision for your investment. Some advice can be useful, but exploring things on your own can give you a better understanding.

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.

This is important to do diligence before investing as many fraud project these days. The above points you mention is very helpful for those who will invest. Like checking the feedback and it's goal to improve the project.

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.

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.

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.

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.

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.

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

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.

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.

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.

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;

• 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.

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

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

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.

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.

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.

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.