Topic: Do not limits your investment... - page 2. (Read 928 times)
Limiting your investment will not maximize your profits, hence it will only make you susceptible to losses. That’s why diversifying your investment is highly encouraged because aside that it will attract additional income, it will also help you not to suffer your losses just in a single time. However, if you decide to diversify your investment, see to it that you are also not risking your money into low potential investments, otherwise you will not make any profits at all.
I do limit my investment all the time i never invest what i cannot afford to lose cryptocurrency is very volatile one can easily lose alot of money and vice versa so it is better to take measures and avoid loosing too much funds. We are still in the bear market hopefully the market recovers soon and crypto investments will go back to been profitable again.
One should never feel shy to invest if one can afford it. You have the money you put in the bank after 10 years you will see the money you put in bitcoins in your account but when you invest in bitcoins and after 10 years when you check your wallet you will see your money is much wiser received. The money that people keep in the bank is usually kept for a long time. If half of that money can be invested in Bitcoin and the other half can be deposited in the bank, after 10 years you will notice which has increased your money, savings or Bitcoin. Those who understand the fun of investing will never leave money in the bank, they will definitely invest that money.
I believe that we can ALL collect 3 bitcoins in our life time. I am not saying that it would be easy, right now 3 bitcoins would worth 90 thousand dollars and I think it will keep going higher and higher so it is not going to be easy at all.
However, if you could save some money every month, then you are going to get there eventually and the important thing is not about getting to 3 bitcoins, it is about getting to a higher and higher level all the time, and if you keep having more and more bitcoin, then one day you will be rich. So, let's assume you failed, and you only got 0.8 bitcoins but bitcoin worths 100k, that means you have 80k, which is close to having 3 bitcoin today. That is why we should always be looking for it.
For many on our planet, this amount will be almost unattainable, some cannot even save more than $50 a month, this is about $600 a year and it is not difficult to calculate that in 30 years you will collect no more than $20k.However, if you could save some money every month, then you are going to get there eventually and the important thing is not about getting to 3 bitcoins, it is about getting to a higher and higher level all the time, and if you keep having more and more bitcoin, then one day you will be rich. So, let's assume you failed, and you only got 0.8 bitcoins but bitcoin worths 100k, that means you have 80k, which is close to having 3 bitcoin today. That is why we should always be looking for it.
During this time, bitcoin will certainly rise in price and each of us will be able to buy less and less satoshi. Therefore, I think that for many, the goal of 1 bitcoin may be unattainable, let alone 3 or more bitcoins. Of course, it is worth buying, it will bring profit, but if the investment is not significant, then you should not build illusions that this can make you rich in the future.
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
That's a great success story, good job for your to amass so many bitcoin. For me such a goal is still so far away and I wonder if I can ever make it before becoming old. Having a well diversified alt coin portfolio and several bitcoin would be my dream. I think it's a good idea to not only put all our money into Bitcoin, but also to keep buying other coins. For your friend its where his success came from and I hope he is going to keep trading in the future. Having 3 bitcoin is great, but not enough to be financially independent. Another important concept of investing is to never stop, we should keep growing our portfolios and reinvest the profits. Only then we will achieve real independence and financial freedom. However, if you could save some money every month, then you are going to get there eventually and the important thing is not about getting to 3 bitcoins, it is about getting to a higher and higher level all the time, and if you keep having more and more bitcoin, then one day you will be rich. So, let's assume you failed, and you only got 0.8 bitcoins but bitcoin worths 100k, that means you have 80k, which is close to having 3 bitcoin today. That is why we should always be looking for it.
Since investing is a traditional strategy for wealth growth, it's best not to limit yourself unnecessarily when it comes to investing. Although it is very important to manage risk effectively in the market, it is possible to gain potential growth and benefits without limiting investment options too much. One should invest without amount for the purpose of achieving financial goals by considering the range of investment possibilities while maintaining a balanced view. But keep in mind that crypto markets always carry risks.
Remember that his successful outcome is one data point in a vast sea of alternative outcomes. Diversification doesn't reduce the risk of investing in low-value coins, which can go to zero. One must also consider the opportunity cost of his Bitcoin accumulation. Could he have spent his money better? Such a strategy requires knowledge of market dynamics. It depends mostly on market performance. Most coins do well in bullish phases. These low-value coins might drop hard in a bearish period, causing investors to lose their money. Always consider risk tolerance and investing goals before choosing a plan. It's smart to diversify, but don't overlook investment hazards.
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
That's a great success story, good job for your to amass so many bitcoin. For me such a goal is still so far away and I wonder if I can ever make it before becoming old. Having a well diversified alt coin portfolio and several bitcoin would be my dream. I think it's a good idea to not only put all our money into Bitcoin, but also to keep buying other coins. For your friend its where his success came from and I hope he is going to keep trading in the future. Having 3 bitcoin is great, but not enough to be financially independent. Another important concept of investing is to never stop, we should keep growing our portfolios and reinvest the profits. Only then we will achieve real independence and financial freedom.
Currently i do limits all my crypto-investment since we enter the bear market cause not all my investment turned out to be that profitable sometimes one can to learn to invest what he can afford to lose. Market sentiments used to be good back then when almost all investment turns out to be profitable but that's not the case anymore hope things will get better soon.
We'll mate it is a general rule to always invest what we can only afford to lose. Yet I may be a hypocrite if I continue to say that I am also following that rule. Last year, I had the idea of selling my house so I can invest bigger in the crypto market although I did not do it. But lately, I am once again thinking of investing bigger and the one that is in my head right now is to take a bank loan. In order to minimize its interest rate I can offer my house as collateral. But of course, I have no plans of maximizing the loanable value of my house, maybe 25% to 50% of its value.
By the way, you don't expect to earn big time in this period and last year since we are still in a bear season. But it seems everyone is already anticipating a big bull run starting next year which means the perfect time to accumulate is now?
need to take up some loan but honestly getting some loan and putting our house as a collateral on just putting it on Bitcoin or crypto investment is totally that risky. Well, if you could be able to pay up that monthly payment of your loan without compromising other things then it should be fine but if you are really that struggling and able to sacrifice things around then you have done the bad decision.
This is why as much as possible it would really be that recommended on investing on something which you can only afford to lose as always but well we do have our own decisions in life and as long
we dont really make things been messed up then it should really be just fine.
Currently i do limits all my crypto-investment since we enter the bear market cause not all my investment turned out to be that profitable sometimes one can to learn to invest what he can afford to lose. Market sentiments used to be good back then when almost all investment turns out to be profitable but that's not the case anymore hope things will get better soon.
We'll mate it is a general rule to always invest what we can only afford to lose. Yet I may be a hypocrite if I continue to say that I am also following that rule. Last year, I had the idea of selling my house so I can invest bigger in the crypto market although I did not do it. But lately, I am once again thinking of investing bigger and the one that is in my head right now is to take a bank loan. In order to minimize its interest rate I can offer my house as collateral. But of course, I have no plans of maximizing the loanable value of my house, maybe 25% to 50% of its value.
By the way, you don't expect to earn big time in this period and last year since we are still in a bear season. But it seems everyone is already anticipating a big bull run starting next year which means the perfect time to accumulate is now?
Currently i do limits all my crypto-investment since we enter the bear market cause not all my investment turned out to be that profitable sometimes one can to learn to invest what he can afford to lose. Market sentiments used to be good back then when almost all investment turns out to be profitable but that's not the case anymore hope things will get better soon.
It is wise not to limit yourself when it comes to investing. But you must decide properly where you invest. I would say your friend must be very lucky. If he has invested in altcoin, he must have sold and bought bitcoin after pumping the market a lot in 2017. An investor must be patient to maximize mitigation and potential returns. The crypto market has demonstrated growth and potential and provides equal opportunities for both. An investor can get something as good as your friend by investing for the long term. However, caution and risk tolerance must be emphasized before investing in cryptocurrencies.
Of course, you shouldn't limit your investments. Because to be a successful investor you have to invest all the time. If you have the ability to invest, you will never miss an investment. Because, this investment will give you good returns one day. But you must invest in the right place. If you have extra money left after deducting your daily living expenses, invest it in the right place instead of wasting it on other unnecessary things. As a result, you will find that you are able to achieve the biggest success of your life.
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Your friend did well on buying those zero value coins. I personally think it's a big gamble to buy those knowing that most of it are abandoned tokens and has no community left behind that's why it stoop at that price. Maybe your fries is just so good in speculating coins and has a great luck in scoring profit in those kind of coins. I once tried this strategy but guess what, all the coins I bought before was still on my wallet which becomes unsellable because of how long it sat on my wallet and the market never gave me a chance to sell those.
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Your friend did well on buying those zero value coins. I personally think it's a big gamble to buy those knowing that most of it are abandoned tokens and has no community left behind that's why it stoop at that price. Maybe your fries is just so good in speculating coins and has a great luck in scoring profit in those kind of coins. I once tried this strategy but guess what, all the coins I bought before was still on my wallet which becomes unsellable because of how long it sat on my wallet and the market never gave me a chance to sell those.
Your friend is lucky. If he invested in altcoins, maybe that could be the altcoins era that is the time before 2017 when the rally for altcoins was very high. Coins like etheruem at that time were very cheap and ico scam was not that rampant.
Maybe he was part of those who bought bitcoin early like 8 -10 years ago when the price was still below $1k. He is worthy of commending if he actually saw the future from the risk he took because some people saw the opportunity but felt cryptocurrency investment was all fraud.
Yes some people investing on altcoin and bitcoin from the first. Before some years ago bitcoin and altcoin price was very low. I saw Before covid pandemic BNB price was $10-$12. Then i was bought near about 35 pices bnb and eth price was also very low price eth price was $250-$300. I was bought 4/5 pices eth. But i could not hold that i sold thats bnb and eth with some profit. If i able to hold that's bnb and eth then my profit were minimum 30x. But then my confident level was very low so i couldn’t hold that. Like me many people involved from first but they also couldn’t hold that coin because most of them think it will be scam. So we are not huge profited. I think if we invest now after 1/2 years we will be huge profited there has no doubt. Maybe he was part of those who bought bitcoin early like 8 -10 years ago when the price was still below $1k. He is worthy of commending if he actually saw the future from the risk he took because some people saw the opportunity but felt cryptocurrency investment was all fraud.
Your friend spent for sure most of his time researching and, let's say, got lucky to earn profit because we know right now that those 0 value altcoins can't be alive or have been pumped by something, so it is really rare, and again, if that happens, then for sure he has a ton of profit right now. Unlike before, this can now be seen or found easily, but now it is very difficult because of the scam projects. I am just curious how much your friend lost while finding and investing in altcoins.
It wasn't mostly luck then if he took his time to research but what made him earn is his skill or knowledge. It's not really clear to me if the zero-value coin we are talking here are shitcoins or they are just new altcoins but with potential because they can also start with an almost zero price but I believe this are the ones that the OP's friend have picked. His friend losses might be lesser than his profit because OP is amazed about the situation of his friend right now.The advice given by the OP of not limiting our investment is I think not right. The right one should be to invest only what we can afford to lose because sh8t can always happen no matter how sure we are.
I think there should be a limit on investment. Because investing your capital by mistake and not getting that investment back may make your life miserable.
And investing in alt coins is like gambling. If it comes then many will come and if it goes it will leave you empty. Always consider risk when investing.
And investing in alt coins is like gambling. If it comes then many will come and if it goes it will leave you empty. Always consider risk when investing.
How do you know then which of the altcoins has real potential and that's why investing in altcoins is very risky because we don't know which one will make it. Not all altcoins rise with Bitcoin when it rises, some also falls as traders dump them to buy Bitcoin. If you're unfortunate and buys those that'll be getting dumped like the memecoins, you'll lose. We don't have to limit our investment but when investing in altcoins we have to be extra cautious.
It's better you avoid investing in altcoins totally because they can make you to lose money more than making you money, altcoins rise fast and give huge returns than Bitcoin but they also dump faster because many of the altcoins are just used for pump and dumps by whales.
Therefore, altcoins can be used for trading, perhaps even short-term and sometimes medium-term, for long-term investments, I would not buy altcoins, as it seems to me too risky. But for short term trading altcoins seem to be not a bad option, I follow a few of them and see that there are those who are more volatile than others, this seems like a good chance for me to trade, but I am a long term investor, I buy bitcoin and do not trade yet, I just watch and study trading when I have time for it.It's better you avoid investing in altcoins totally because they can make you to lose money more than making you money, altcoins rise fast and give huge returns than Bitcoin but they also dump faster because many of the altcoins are just used for pump and dumps by whales.
Being stubborn and loyal to bitcoin is not always good for us, as our goal is to make bigger profits in this market. Investing in altcoins is really risky, and only a few of them are worth the investment, but that shouldn't be a barrier to fearing them. Remember, there is no success without trade-offs, and in the past, when bitcoin didn't have any value, many people took risks for the huge rewards it is today.
If altcoins are so risky, why don't we take advantage of them for short-term trading and speculation? As long as we always have the right plan for our portfolio, there is nothing to fear, bitcoin for long term and altcoins, shitcoin for short term investments.
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Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
It depends, because not all of the altcoins listed in a certain exchange with a very low price doesn't guarantee you to make huge profit in long term, unless you're lucky enough to make profits in buying random cheap altcoins. In my case, XRP was the first altcoin I bought randomly with a very cheap price and I've sold it when I was happy to the profit I've made.
For a beginner, I don't really think diversifying your money on random altcoins is not a very good idea since luck is what we're talking about. I'd go for Bitcoin straight ahead just to be sure.
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