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Topic: Before Investing in Cryptocurrencies - page 6. (Read 1170 times)

newbie
Activity: 154
Merit: 0
June 01, 2018, 11:07:24 AM
This is really helpful to those who wanted to invest in crypto currency.  It is true enough that those factors should be present to be able to  know how it works. Well informed investors have highly possibility of success because they already know what to do and not to do to have a safe and great investment to invest with.
sr. member
Activity: 1372
Merit: 261
June 01, 2018, 10:57:52 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.

Hi there mhsingh! Those things are great pointer and tip to those who are just starting to invest their time, effort and money into bitcoins. The first one is very eye opening, but I hope that should be not the only reason why people invested in bitcoins. People should have invested in, not just for profit but also to promote the use of bitcoin, help the community to solve currency problems thru bitcoin. Even though cold storage is good, there could be disadvantages of it. I still have my trust in the online wallet provided by the reputable companies.
Before investing on something, you must need to search about what you're investing, to gain knowledge on that thing, to be able to to know its potential and characteristics and the process on the market. And before investing make sure that you have already accepted on what will be the outcome of your investment, even if its a success or fail.
member
Activity: 446
Merit: 13
HODL
June 01, 2018, 10:43:33 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.

Hi there mhsingh! Those things are great pointer and tip to those who are just starting to invest their time, effort and money into bitcoins. The first one is very eye opening, but I hope that should be not the only reason why people invested in bitcoins. People should have invested in, not just for profit but also to promote the use of bitcoin, help the community to solve currency problems thru bitcoin. Even though cold storage is good, there could be disadvantages of it. I still have my trust in the online wallet provided by the reputable companies.
member
Activity: 171
Merit: 10
June 01, 2018, 10:33:19 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.

Thanks a lot! I absolutely agree with your approach!
newbie
Activity: 59
Merit: 0
June 01, 2018, 10:28:48 AM

Carefully consider your funding and understanding of it.
newbie
Activity: 7
Merit: 0
June 01, 2018, 03:39:21 AM
thank you for share your exp
newbie
Activity: 84
Merit: 0
June 01, 2018, 03:37:33 AM
If we want to earn a big amount of profit then we must follow this things very carefully.
newbie
Activity: 162
Merit: 0
I agree with you that before investing, you really need to be prepared and not to buy at will. It is necessary to spend more time to understand the project. This will make your investment more valuable.
newbie
Activity: 88
Merit: 0
Everyone must follow those things very carefully because all of those are very much important.
newbie
Activity: 35
Merit: 0
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.

newbie
Activity: 14
Merit: 0
Always remember that your loss is another trader's gain and vice-versa. Never be greedy, never allow exchange
newbie
Activity: 99
Merit: 0
it was really very helpful for me.
member
Activity: 130
Merit: 10
Future of Gambling | ICO 27 APR
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.

I agree on this, but the most important consideration should be the working behind the project. Make sure to check out the credentials of team, the previous work they have done and background of the team. If the team is actively working on the project, it surely has a good potential for growth abd development. The success of the project is all dependent to the team, even the project is so good it is useless when team is not well working.
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.
newbie
Activity: 126
Merit: 0
their are alot of things that we must consider before making it into cryptocurrency,,
we must able to know the potential of the coin
member
Activity: 462
Merit: 10
May 29, 2018, 01:32:35 AM
#99
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.

investing cryptocurrency is  very risky. You can either gain massive incomes or massive loss.
but i think as an investors, we already know about the risk when we invest. our money is in our own control.
member
Activity: 138
Merit: 15
May 28, 2018, 09:03:27 PM
#98
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.

I agree on this, but the most important consideration should be the working behind the project. Make sure to check out the credentials of team, the previous work they have done and background of the team. If the team is actively working on the project, it surely has a good potential for growth abd development. The success of the project is all dependent to the team, even the project is so good it is useless when team is not well working.
hero member
Activity: 2590
Merit: 644
May 28, 2018, 08:57:23 PM
#97
Before investing in cryptocurrencies you should know the risks and the possible consequences that might happen to you and to your money when you invest in cryptocurrencies because it is not like the stock market that have a physical company to complain when you lose money because in cryptocurrencies, it is almost all digital.
member
Activity: 200
Merit: 73
Work is turning your idea into things.
May 28, 2018, 08:42:00 PM
#96
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.

You can not be an enthusiast and invest in cryptocurrencies, however, as you say, it is better to understand the basic principles of technology and commit to change. How to invest in something that you do not understand simply by following the thoughts of others?

the idea should be to invest in you and then in business so it is better to invest in a good course and then start
full member
Activity: 321
Merit: 100
May 28, 2018, 08:32:03 PM
#95
It's been a great work. In my opinion, before investing in crypto money, it is necessary to conduct a good research and pay attention to certain points. I need to understand that first. This market is at the beginning of the potential and some of the problems that are experienced can be devastating. For this reason, do not think fast and keep calm while moving. Besides, you do not just end up buying it, you should also know where to sell it at the same time.

You must gain knowlege,have a perfect timing and patience. Investment is full of risks so it's important to learn how to manage risks and be creative with decisions. It's not also always success that it can bring, so we must be ready to take the challenge to improve and be productive.
newbie
Activity: 30
Merit: 0
May 28, 2018, 01:30:31 PM
#94
Bitcoin can change the  future. So most of the people believe the bitcoin. So learn the bitcoin process and history. Then get more ideas and improver your knowledge. It time to change  price. So time to complete the work you get more profit. If use bitcoin you get other country information. So It good opportunity of future saving. Coming futurcounte bitcoin will be change the world. People growth is country growth. So bitcoin help to people future growth. It connect the other country people. So it help to get more information and improve the business for next level. It change the people life style.
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