Thanks for the info about how we can do before investing our money to cryptocurrencies investment. It helps us to do our own research before jump into the crypto investment. Thanks once again.
Investing in bitcoin is good choice but you need lot's of knowledge and information and all the details about in bitcoin. It is big help for you before you start to invest in bitcoin. If you quickly to invest in bitcoin in without knowledge and research I am sure your investment it become to zero
Topic: Before Investing in Cryptocurrencies - page 4. (Read 1168 times)
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.
Well the list you made is quite true and also you have mentioned the readers that before they invest they should do their research. What actually makes a good investor and trader is knowledge and experience. Whatever experience we have be it positive and negative we should learn from them since if we take it for granted we maybe repeating the same mistakes again and again.
first you must know the potential and the security. because without this all your invest will result into nothing. rather than that maybe it will result into scam. so it is very important to gain knowledge first know about everything for you to be secured or else all your hard work will be lost. that's why we must be alert and research everything.
As a first-time investor in any cryptocurrency, you need to consider the volatility of the market as well as the possibility that you could lose everything you invest. Conversely, you could hit it big as the currency continues to grow in acceptance, giving you every reason to gain.
Nobody should start big... if you're new to crypto, get used to the market and learn about how it "moves". Spread out your investments and don't fall for the hype.
Also, nobody really talks about this, but think hard about what you actually want to achieve - why do you want to invest in Crypto... To day-trade, to purchase goods&services, to keep the cryptos long-term and hope for a rise in their worth...?
This is really good advice. Beginners, read this carefully and do not think that newcomers are lucky and you will immediately become rich! I would add that it is worth investing the amount that you are ready to lose. Do not mortgage your house to buy bitcoin
before you make the decision to invest in cryptocurrency, i think the best way you shoul do first is depending it in who you are, how necessary the role of Bitcoin in your life, and how deep is your knowledge in Bitcoin and cryptocurrency world. This is because crypto world is very fluctitive, and if you really want to gain a profit not a loss you have to knowing deep knowledge about crypto world. So, if someday the price of Bitcoin is down, you can handle it wisely.
I half-heartedly agree with you, before investing in crypto-currencies, you must fully understand this area and realize all the risks! Do not immediately invest a lot of money, most likely you will lose them, simply because you do not understand the behavior of the market!
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.
Well said but even if you follow all these advice there is still no guaranty of profit in a short term, great projects are long term project so add patience to your virtue, there are coins for short and long term and you should have both of them.
It is quite a remarkable advice. Short, and straight to the point. You are good to go if you apply it.
Before investing you have to measure few things , i think you are right in your all points. I measure two things before investing --
the Market cap and the circulation flow of the specific cryptocurrency.
Before investing on crypto currency. You need to fully sure that you're on to it. You need to study first the basics, advantages, disadvantages, the market, of the crypto currency you are going to invest. I dont guaranteed that if you know all of that is that you are going to success, this will just help you a lot on your investments, for you to success on it.the Market cap and the circulation flow of the specific cryptocurrency.
Three things matter when you are doing trading.
Research
Research
and then last is your luck, sometimes your research fails and the only thing which helps you to get some profit is LUCK !!
One more suggestion for all of you is always invest your spare amount and once you get profit or that currency pumped sell your coins and enjoy with the profit you gained.
Don't be greedy!!
Before you invest in any cryptocurrency, you have to have the knowledge, (I mean the in and out of what you want to invest to), you have to check for the merit and the Demerit And mostly followed up with the information about it
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.
Yes, make sure you've done your research before deciding to invest in cryptocurrency. You must really understand the risks, benefits, and how the system works first.
For beginners, start to invest cryptocurrency slowly. Do not rush to put all the money you have to buy digital money. That way, you will be able to learn first about investing in cryptocurrency.
Before investing in cryptocurrencies, you must read a lot before entering the crypto world. You need to contact experts and conduct a thorough research before investing
thank you for sharing your experience. it can help me alot
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 sharing this very informative post. Yes, it's true indeed that investing in cryptocurrency is too risky that is why before investing a person has to study every details of information in cryptocurrency. A person has to analize and fully understand all advantage and disadvantages of investing in cryptocurrency. 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 you have to measure few things , i think you are right in your all points. I measure two things before investing --
the Market cap and the circulation flow of the specific cryptocurrency.
Before investing on crypto currency. You need to fully sure that you're on to it. You need to study first the basics, advantages, disadvantages, the market, of the crypto currency you are going to invest. I dont guaranteed that if you know all of that is that you are going to success, this will just help you a lot on your investments, for you to success on it. the Market cap and the circulation flow of the specific cryptocurrency.
Good list, might have been more helpful if you provided some sources of information about the above, I would also recommend people look into a few of the following when first starting out.
1. Different exchanges, e.g. Binance, Bittrex and KuCoin, find out which one works best for you in terms of cryptos, fees and features
2. The different types of wallet, web-wallet, cold-storage, hardware wallet etc. For newbies, you'll probably start with a web wallet such as blockchain.info, these are simplest, but not the best.
3. Look into ICOs early, as you'll eventually find your way to them anyway.
1. Different exchanges, e.g. Binance, Bittrex and KuCoin, find out which one works best for you in terms of cryptos, fees and features
2. The different types of wallet, web-wallet, cold-storage, hardware wallet etc. For newbies, you'll probably start with a web wallet such as blockchain.info, these are simplest, but not the best.
3. Look into ICOs early, as you'll eventually find your way to them anyway.
Weeeellll... Everything? Who will ever know everything about cryptocurrency and "right investing"? True, it's important to stay informed and to do your own research, but more importantly, know what your goal is.
Do you want to day-trade?
Do you want to buy crypto and use it for stuff (tickets, electronics, ect?)
Do you simply believe in the ICO project and want to HODL?
Far as I am concerned, there are a few basic rules:
- Start small, get familiar with the market
- Diversify (so, don't "only" go for Bitcoin, but maybe take a look in other cryptos or investment options as well?)
- Keep track of market movements
- Don't make decisions based on emotions (often people create a hype on media / telegram ect..).. Do NOT fall for it
- Don't lose your nerves when trading Bitcoin (or any crypto). Yes, it will go up and down..but if you panic-sell, you're only making it worse.
I'd suggest taking a good read at the various crypto info-sites, if you want to get a better picture.
Found a really beginner-friendly explanation (in a few languages) about Bitcoin investment tips :Here
Good luck!
Do you want to day-trade?
Do you want to buy crypto and use it for stuff (tickets, electronics, ect?)
Do you simply believe in the ICO project and want to HODL?
Far as I am concerned, there are a few basic rules:
- Start small, get familiar with the market
- Diversify (so, don't "only" go for Bitcoin, but maybe take a look in other cryptos or investment options as well?)
- Keep track of market movements
- Don't make decisions based on emotions (often people create a hype on media / telegram ect..).. Do NOT fall for it
- Don't lose your nerves when trading Bitcoin (or any crypto). Yes, it will go up and down..but if you panic-sell, you're only making it worse.
I'd suggest taking a good read at the various crypto info-sites, if you want to get a better picture.
Found a really beginner-friendly explanation (in a few languages) about Bitcoin investment tips :Here
Good luck!
Start small, get familiar with the market - this is the most important for me, as a beginner. Not going to invest a lot of my money into something I know so little about. Read a lot, invest small and see how it goes.
Great tips in this topic, btw. Big thanks to everybody.
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.
All of that are correct because you need to know how much you could if you invested on that cryptocurrency. You must conduct some studies to that cryptocurrency before you invest and you must have knowledge about it so that you can avoid losing money. 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 problem with cold storage is that you can't simply trade it and take profit whenever you see the price had already reached its peak. If a trader keeps his coin on cold storage, he can't sell it right away. We all know the volatility and prices can sunk in just minutes and if you have to send it to an exchange, it will take more than a minute while others are already sending millions going to their bank accounts.
investing in cryptocurrency is very risky. you may lose all your money in one mistake. even though you already knows a lot don't stop researching. always do your research because it will save you a lot.
Well investing in crypto with full of knowledge and lot of experiences do not guarantee you not to lose anymore.Of course losing is inevitable so you really have to take risks and be updated about the current news in bitcoin particularly on the movement of its price market.It could be a means to minimize your losses somehow. Jump to: