Topic: Crypto Holding investment focus! NEWBIE MUST READ. (Read 211 times)

I'm also a beginner in crypto, especially in terms of investing and maybe I don't know much about crypto, but my advice for beginners is mainly to understand the market, and you shouldn't be in a situation that is tied to projects that exceed standard limits. , and also you should not expect high income, because the market trend will change at any time, and the five points above are the right advice in my opinion.

There is a lot to learn if you want to survive in the crypto market, therefore the best way to avoid losing money is to always equip yourself with knowledge before deciding to invest. Should not listen to the advertisement, stay away from the promise of profit of the project investor. If we want to make money, we must first know how to keep it.
Thanks for your advice, these are the basics it will be very helpful for newbies.

In order to be successful in investing in crypto holdings, there are several steps that crypto beginners should know. This is to avoid getting caught in a scam project, losing while investing, not maximizing profits.

1. Coin selection! This point is very important, if we are wrong in choosing and analyzing what we do during the holding time it will be in vain. Of course this is a very difficult thing to do where we will be presented with thousands of lists of coins on the market today.

Just a suggestion, if you are a beginner and feel confused about choosing a coin for long-term investment choose BTC, ETH, BNB, LTC, XMR, ETC, BCH. Even though they are old coins, the performance they have is very good. There is no doubt that these coins are also widely accepted as a payment method at various merchants, it is possible that in the future there will be many milestones that they will pass with the next success story. Consistent price increases, the coins are undoubtedly capable of recording consistent and unexpected price increases. At least there is a guarantee that if we invest long term we will get a profit.

2. Hype (Project Crypto/Token). The main mistake beginners make when entering the crypto world is that they are easily carried away by the hype they should avoid. Newbies are very easily carried away by hype, they are tempted by the lure of huge profits that don't make sense. Often they enter at a high price and come out with heavy losses because the token is a scam/rugpull. This must be taken seriously by newbies.

3. Buy Coins Periodically. If you have determined which coins to buy, buy the coins periodically using the averaging or DCA mode. This allows you to get a low average buying price.

4. Hold on tight. Do not sell your assets until you reach the target.

5. Sell Method. Never sell all the coins outright. If you make a long term investment, it will cost you money. Why do I think so, if the asset you own continues to rise in price then you will lose the opportunity to earn more profits. The effective way I've ever done is to sell it little by little like the way to buy DCA (dollar cost average), but the difference is that we sell. So we will get a high average selling price.

In order to be successful in investing in crypto holdings, there are several steps that crypto beginners should know. This is to avoid getting caught in a scam project, losing while investing, not maximizing profits.

1. Coin selection! This point is very important, if we are wrong in choosing and analyzing what we do during the holding time it will be in vain. Of course this is a very difficult thing to do where we will be presented with thousands of lists of coins on the market today.

Just a suggestion, if you are a beginner and feel confused about choosing a coin for long-term investment choose BTC, ETH, BNB, LTC, XMR, ETC, BCH. Even though they are old coins, the performance they have is very good. There is no doubt that these coins are also widely accepted as a payment method at various merchants, it is possible that in the future there will be many milestones that they will pass with the next success story. Consistent price increases, the coins are undoubtedly capable of recording consistent and unexpected price increases. At least there is a guarantee that if we invest long term we will get a profit.

2. Hype (Project Crypto/Token). The main mistake beginners make when entering the crypto world is that they are easily carried away by the hype they should avoid. Newbies are very easily carried away by hype, they are tempted by the lure of huge profits that don't make sense. Often they enter at a high price and come out with heavy losses because the token is a scam/rugpull. This must be taken seriously by newbies.

3. Buy Coins Periodically. If you have determined which coins to buy, buy the coins periodically using the averaging or DCA mode. This allows you to get a low average buying price.

4. Hold on tight. Do not sell your assets until you reach the target.

5. Sell Method. Never sell all the coins outright. If you make a long term investment, it will cost you money. Why do I think so, if the asset you own continues to rise in price then you will lose the opportunity to earn more profits. The effective way I've ever done is to sell it little by little like the way to buy DCA (dollar cost average), but the difference is that we sell. So we will get a high average selling price.

Thanks for the advice but hype have given me some profits that I can't earn from top projects in the crypto world, hype was the reason I invested in shiba and a few metaverse coins like meta hero and Altura, the most shitty coin do bring profits as well but you should play safer by investing only what you can afford to lose.

All important. I think the coin selection is where you will take your time.
With a lot of choices out in the market now there's no telling which one will be successful or not so you have to thoroughly check each coin, their project, and their team.
Even when there is a hype of a coin and it comes to your liking if you are sensitive about investing your money then you would do it the right way.
By doing that, the risk of being rekt is lessened although still possible.

In order to be successful in investing in crypto holdings, there are several steps that crypto beginners should know. This is to avoid getting caught in a scam project, losing while investing, not maximizing profits.

1. Coin selection! This point is very important, if we are wrong in choosing and analyzing what we do during the holding time it will be in vain. Of course this is a very difficult thing to do where we will be presented with thousands of lists of coins on the market today.

Just a suggestion, if you are a beginner and feel confused about choosing a coin for long-term investment choose BTC, ETH, BNB, LTC, XMR, ETC, BCH. Even though they are old coins, the performance they have is very good. There is no doubt that these coins are also widely accepted as a payment method at various merchants, it is possible that in the future there will be many milestones that they will pass with the next success story. Consistent price increases, the coins are undoubtedly capable of recording consistent and unexpected price increases. At least there is a guarantee that if we invest long term we will get a profit.

2. Hype (Project Crypto/Token). The main mistake beginners make when entering the crypto world is that they are easily carried away by the hype they should avoid. Newbies are very easily carried away by hype, they are tempted by the lure of huge profits that don't make sense. Often they enter at a high price and come out with heavy losses because the token is a scam/rugpull. This must be taken seriously by newbies.

3. Buy Coins Periodically. If you have determined which coins to buy, buy the coins periodically using the averaging or DCA mode. This allows you to get a low average buying price.

4. Hold on tight. Do not sell your assets until you reach the target.

5. Sell Method. Never sell all the coins outright. If you make a long term investment, it will cost you money. Why do I think so, if the asset you own continues to rise in price then you will lose the opportunity to earn more profits. The effective way I've ever done is to sell it little by little like the way to buy DCA (dollar cost average), but the difference is that we sell. So we will get a high average selling price.

Over time, those who realize for themselves that experience with the market brings skills and opportunities to them, there will also be many who fail the market and cannot escape control from it. Most people attach too much importance to profit and ignore some basic but very important steps, I always like and support them before taking any action. Judge for yourself what results it produces.

If we enter the market, at least the end goal is profit, then we should have a solid plan, what we should do with the current market conditions must be clear. I don't expect newbies to have to experience failure and out of control continuously, at least they have the big picture and clear steps in responding to the market to achieve their goals

How can you listen to your own voice if you are still newbie and don't know where to start. Do your own research is good but you will still need learning material like books and video tutorials coming from a trusted source. Having a reliable source is the best way to make a good entry point in crypto. You can't do a successful investment in crypto without relying on knowledge of other user that already has experience on crypto dealings. You just need to search for them carefully.

Newbies are looking for a lot of information about this market. The most important thing for me is to listen to your own voice. There are many scam accounts on the internet. No one will give you free money in your pocket. The best choice will always be to do your own research.