Oh boy there are so many things but most important of them all are
Gather information about the project
Gather information about the founders
Know about it's aim
Know how they are going to achieve their goals (read white paper)
Know about it's popularity in the market
Topic: Before Investing in Cryptocurrencies - page 10. (Read 1168 times)
You list is quite good and covers almost all the points. But I think you have missed some important things which I would like to mention.
1. Make sure to diversify your investments. Don’t risk you money by investing them in one coin.
2. Be vigilant or careful. Selecting an organization like Block X that has a reputable team and is dedicated to conducting extreme due diligence will ensure your investment is safe.
3. Consider the community also behind the proposed crypto.
1. Make sure to diversify your investments. Don’t risk you money by investing them in one coin.
2. Be vigilant or careful. Selecting an organization like Block X that has a reputable team and is dedicated to conducting extreme due diligence will ensure your investment is safe.
3. Consider the community also behind the proposed crypto.
The best thing is that bitcoin's price is keep on increasing and you don't need to work. You can just wait while BTC will rise and rise.
thank you for 6 reasons that we should consider when investing in cryptocurrency.
that's good brother I like your opinion thank you for sharing. it is very useful for beginner traders before investing
we all know that investing in bitcoin is too risky, its more risky than other investment platform, because the price in cryptocurrencies is not stable, we need to makes prediciton about that price in the future, from your thread i realized that there are many aspect before we buy a cryptocurrencies for investment
You gave some real practical tips that will help new investors. I would like to add one more tips that one should never sell his coins in panic.
There are lots of cautions before investing into cryptocurrencies, from a coin's perspective to potential market of the platform. Even choosing an exchange is hard these days as many exchanges getting into hack or scam people.
Cryptocurrency is a very attractive investment option as it becomes a trend and is very popular in recent years, unfortunately many people who only invest without ever knowing in detail, they only expect profit but when the price drop they regret and panic.
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7)- You need to study a lot to enter in this world.
8 ) - Don't trust people. EVERYONE could be your next scammer.
9)- Emotions are bad, always.
10)- Set your goals before enter in a determinated coins, or you will lose probably.
Said that, good luck to newbies, this is not so simply as you believe
Your consciousness has given so much important ideas for the betterment. To invest in crypt-currency need to think before the 6 steps you have made. Investing is very risky. We should avoid risk as much as we can.
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.
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.
the most I worry about today is the level of security and technical difficulties itself, until now for some reason, there are still enough exchangers that are still less in terms of security, it is one proof that the investment in bitcoin is less attention to the security side
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7)- You need to study a lot to enter in this world.
8 ) - Don't trust people. EVERYONE could be your next scammer.
9)- Emotions are bad, always.
10)- Set your goals before enter in a determinated coins, or you will lose probably.
Said that, good luck to newbies, this is not so simply as you believe
Nice list, never go for a website that offers x2, or x10 of your current holdings. You do not need them, actually you can double or triple your money by just holding it from a cold storage like trezor or ledger nano.
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. Because investing is really risky.
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.
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.
7)- You need to study a lot to enter in this world.
8 ) - Don't trust people. EVERYONE could be your next scammer.
9)- Emotions are bad, always.
10)- Set your goals before enter in a determinated coins, or you will lose probably.
Said that, good luck to newbies, this is not so simply as you believe
- Never invest what you can't afford to loss in crypto, it is not gambling but risk is just like gambling if you are newbie.
- Experienced trader can easily make thousands with day trading from crypto because of high volatility so it is not just a dark side of crypto.
- If you are newbie than the best way to multiply your money is hold for long time, don''t sell out of panic
- Also don't hold any coin even after you got over 2x return in less than few months or even a year, don't be too greedy.
- Never invest in multilevel marketing coin that promise to give high return over your investment and high referral commission on purchase.
Very Sound advice especially about the greed part after getting even half of the capital that you initially invested, i think that's good enough profit for anyone to just sell and move on to another coin. Being greedy most of the time ends if you not getting anything in return. - Experienced trader can easily make thousands with day trading from crypto because of high volatility so it is not just a dark side of crypto.
- If you are newbie than the best way to multiply your money is hold for long time, don''t sell out of panic
- Also don't hold any coin even after you got over 2x return in less than few months or even a year, don't be too greedy.
- Never invest in multilevel marketing coin that promise to give high return over your investment and high referral commission on purchase.
These are very informative especially for those who are starting to invest in cryptocurrencies. And always do your own research because not all coins are the same. I still do find time to dig in some research especially on new coins that are good for investment.
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.
Thank you for brief but very useful information. I am thinking of doing investment but I have no idea and background to it. I am still looking for informations that I needed before doing invesment. I just fear of commiting a mistake because one of my friends have invested on an ico and he trusted too much,his 400 dollars got scammed,maybe this will be a lesson for me as a starting investor. 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.
-Don't invest on a coin because of hypes gathered from other users, do your research diligently.
-Try and get in contact with the project management team.
-see to the future of the project/coin if it is worth investing on.
-Don't act greedy when making an investment decision, invest only what you know you can afford to lose, not what you can't afford to lose.
These are my little contribution!!!
-Try and get in contact with the project management team.
-see to the future of the project/coin if it is worth investing on.
-Don't act greedy when making an investment decision, invest only what you know you can afford to lose, not what you can't afford to lose.
These are my little contribution!!!
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