Before Investing in Cryptocurrencies

kriticko29

full member

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Quote from: israthj on May 30, 2018, 10:59:00 PM

Some things You Should Consider Before Investing in Cryptocurrencies.

*Inexperienced Experience people.
*Liquidity
*Security
*Transparency

Always you should remember that your loss is another trader's gain. Os, never be greedy.
And most important thing You must gain knowledge,have a perfect timing and patience.

I completely agree. It is also important to perform a background check of the team. It is important for the reason that it could help you check their performance through time whether it is good or bad. If it turns out to be bad, at least you have become aware of the things (or some things) that you do not like.

Rowan White

newbie

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You should play around with a acceptable amount that you consider to merge. You create accounts, buy bitcoin, buy altcoins, do some trading, participate in a good ICO and so on. You can do all these with a small amount and once you are comfortable then you can bring in the big money. This is my advice.

aibuwan

newbie

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Thank you for your advice and helpful to our novices. I hope to see such good articles in the future!

punkster

newbie

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Investing is really risky.Thank you for sharing this. It may help those people who wants or thinking to invest. They should make time to learn and think first before they are going to invest in any cryptocurrency.

Aing

newbie

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Quote from: Zebulun18 on June 08, 2018, 03:44:17 AM

since the goal in any investment is profit making, you have to know the strengths and weaknesses present in the investment which in this case is cryptocurrency. this knowledge will help you to determine the amount of profit you would make at the end of the investment program.

This is a must, we have to do research about everything we want to do. It aims to avoid failure, and it also helps us minimize the opportunities we have in order to succeed. Cryptocurrency is unlike any other currency, which is almost always the same every year. But in case of cryptocurrency, they always increase in number from year to year. It is evident from the number of existing ico or the ico that has been completed.

mersal

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Quote from: collision00 on June 10, 2018, 01:31:24 PM

The focuses you had specified is good.All the dealers should mindful of this points,before beginning a cryptographic money trade.And you should deal with your security.Investing in digital currency is constantly superior to opposite in other assets.The benefit rate in bitcoin is more than other resource.

Yes I also agree with that once you have entered into cryptocurrencies especially in Bitcoin the success rate is more higher than other business so you can definitely get something in it the laws are happening sometimes but it is companciate with the profit so you can no worry in Bitcoin .

collision00

newbie

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The focuses you had specified is good.All the dealers should mindful of this points,before beginning a cryptographic money trade.And you should deal with your security.Investing in digital currency is constantly superior to opposite in other assets.The benefit rate in bitcoin is more than other resource.

ordeath

member

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Merit: 10

it is good instruction for people who want to start, as for me I study only 4 of them, i have to work with, thanks

Daday23

newbie

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You also very knowledgeable about bitcoin,you are a risk taker because in cryprocurrency there is a high risk.And ofcoarse you know that the crypto that will you investbis legit so that your money will not wasted.

Skieleton

sr. member

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Merit: 282

Quote from: orangy on May 13, 2018, 04:20:02 AM

Quote from: mhsingh on March 11, 2018, 04:00:51 AM

6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.

Learning and taking the time to understand is the key. ”

Unfortunately, the best learning is on the wrongs. We can not avoid this here. It is important to limit the risk of losing money. Be alert and patient and everything will be ok

.

Starkon

newbie

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In order to start investing in crypto-currencies, you need to create your investment strategy. Select the amount that you are ready to lose. And strictly follow the strategy and not panic during the fall.

headache1327

member

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It may help those people who wants or thinking to invest. They should make time to learn and think first before they are going to invest in any cryptocurrency. Because investing is really risky.

Che454010

sr. member

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Merit: 253

in this case, you can not rely on someone else's opinion, you need to take into account a lot of small factors, otherwise you will be left with nothing! especially it is necessary to know for newbies

boyjack

full member

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Before investing in any crypto currency we should learn about the project and the team behind it,and road maps, don't invest without any knowledge about that particular coin and we should prepare our self to affordable lose, IF you are going to invest in crypto you should aware about the market condition because crypto markets are very violated and very risky also, so invest money only if you are ready to take risk. IF you are lucky you can earn good money also

koicrypto225

newbie

Activity: 14

Merit: 0

Quote from: mhsingh on March 11, 2018, 04:00:51 AM

6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.

This is very risky but big risks come with big possibilities of return. The most important thing is to be vigilant at all times. Read and understand well how this stuff works before jumping into decisions.

rudito

newbie

Activity: 275

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Quote from: mhsingh on March 11, 2018, 04:00:51 AM

6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.

Before investing in crypto, we must prepare ourselves for the risks that exist, because the value of crypto is not stable. Do some research first to make sure the crypto coins we buy are really good.

MarkDaniel5

newbie

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Well I guess we're all hoping that at some point this year crypto properly takes off!!

Ale88

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Catalog Websites

Quote from: mhsingh on March 11, 2018, 04:00:51 AM

6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.

Nice tips, I would also add "not to invest more than you can afford to lose", during these months I've read stories of people who sold the car or even the house to get money to buy bitcoin, that's craziness...

sue1981

newbie

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Good! But it would be great if you can elaborate those points a little bit. As a really new person to this area of cryptos, I really appreciate it!

Seriousbizz

newbie

Activity: 155

Merit: 0

Cryptocurrency is a tricky market to deal with as it's volatile and highly unpredictable, investing in it needs proper dedication and good market research to ensure that you don't get it wrong when it comes to decisions on where to put your money, there are a number of coins but jus a few are worth investing in

Topic: Before Investing in Cryptocurrencies (Read 1168 times)