This is good advice! If you are planning to invest in cryptocurrencies, spend at least a little time to understand what blockchain and cryptocurrency are, what security measures you need to take before investing money. We must constantly learn and improve our trade.
This is great advice. It was something that should have been followed by people who had been investing blindly in the crypto boom in 2017. They invested big money and bought Bitcoin at ATH and this was equivalent to checking depth with both feet and the deluge drowned them. So it is needed for the investor to be very wise and only invest in the coins with great potential. 
Topic: Don't test the Depth of water with Both Feets (Read 881 times)
Every effort in this life involves risk. This risks are classified into two main categories, low risk and high risk!
To invest in a coin or any other project has more than just to think of buying and selling on exchanges
Every coin is a potential coin to expand if only It has the support of community and investors.
So I urge us all to invest with our instincts, never for once may we judge a swimmer by him standing only at the banks of a river. So take a risk, make a session and may it work for you.
My only advice is we should not test the depth of water with both feets or better said, never put all your eggs in one basket... All simply means we should not invest all or possession in one business, do not enter a single trade with all your assets
It's very necessary to do a thorough research on a project before investing in it because there is also what we call a calculated risk, rich people don't just throw money into projects because they have money to spend, they actually check to see if the project has a 75% chance of working out and then they jump into it with all assurity that it's going to work out well, so please always take calculated risk to avoid throwing money away. To invest in a coin or any other project has more than just to think of buying and selling on exchanges
Every coin is a potential coin to expand if only It has the support of community and investors.
So I urge us all to invest with our instincts, never for once may we judge a swimmer by him standing only at the banks of a river. So take a risk, make a session and may it work for you.
My only advice is we should not test the depth of water with both feets or better said, never put all your eggs in one basket... All simply means we should not invest all or possession in one business, do not enter a single trade with all your assets
I am a victim of this, when I started venturing into cryptocurrency newly in 2018, I made the rookie mistake of investing all my bitcoin in single place, turned out to be a scam HYIP and I lost everything, always diversify your portfolio, never put all your eggs in one basket.
I really like this your adage. "Don't test the Depth of water with Both Feets" very explanatory, this is to say, invest wisely. Be Mindful of the risk you take especially when it has to do with cryptocurrency. In as much as we know every investment is risky but we should take calculated risk .
Cryptocurrency market still not regulated in many country and few country not allowing their citizen to invest in crypto or bitcoin. Its true that we should invest with money we can afford to lose and crypto is high risk investment, we should calcaluting this risk wisely
By having calculated the money we use, we can have two types of money which will be used for our daily life and for investing in crypto. But don't use a big part of the money for the crypto because we still use fiat in our life, so we don't have any problem if we want to buy something in daily life. But be careful if you invest in cryptocurrency and make sure you invest in the right coins after you analyze the coin.
Being in this forum and a bounty hunter give me a bit of an edge over others who are not here, now i understand a bit more on what to look out for when you have the interest of investing in a project or projects,
What i do is look up the website of that project and wp, the team LinkedIn profile, their social media activities, then look for their telegram group and immediately join, go through the post of members in the group and see the kind of people who are interested in the project as well (not when Moon, when Lambo type)
See how active the core team members are in the chat, maybe they have done any AMA and some other few details, although this is not a guarantee of any sort but it help give a bit of a guide what you are dealing with.
Most importantly, invest what i can afford.
What i do is look up the website of that project and wp, the team LinkedIn profile, their social media activities, then look for their telegram group and immediately join, go through the post of members in the group and see the kind of people who are interested in the project as well (not when Moon, when Lambo type)
See how active the core team members are in the chat, maybe they have done any AMA and some other few details, although this is not a guarantee of any sort but it help give a bit of a guide what you are dealing with.
Most importantly, invest what i can afford.
Very well said and it's very true that there are many risks with every business we like to proposed with and to win is to take a risk but to invest all your asset on a single coin is extremely risky. Atleast when you expand your portfolio it will reduce the risk as the different coins may complement each othet in terms of loss. Choosing many places to invest is a good step, provided we have a strong referrence before doing so, and it would be very wrong if we just put the egg in one basket, because as the marketplace was so fine where investor can invest in to many projects there are still many other choices to be in, like the dencoin tokens which can lead you to have a good future investment in the making. We just have to be more analytical when thinking and on choosing a project we want to be part of.
This is good advice! If you are planning to invest in cryptocurrencies, spend at least a little time to understand what blockchain and cryptocurrency are, what security measures you need to take before investing money. We must constantly learn and improve our trade.
Every effort in this life involves risk. This risks are classified into two main categories, low risk and high risk!
To invest in a coin or any other project has more than just to think of buying and selling on exchanges
Every coin is a potential coin to expand if only It has the support of community and investors.
So I urge us all to invest with our instincts, never for once may we judge a swimmer by him standing only at the banks of a river. So take a risk, make a session and may it work for you.
My only advice is we should not test the depth of water with both feets or better said, never put all your eggs in one basket... All simply means we should not invest all or possession in one business, do not enter a single trade with all your assets
To invest in a coin or any other project has more than just to think of buying and selling on exchanges
Every coin is a potential coin to expand if only It has the support of community and investors.
So I urge us all to invest with our instincts, never for once may we judge a swimmer by him standing only at the banks of a river. So take a risk, make a session and may it work for you.
My only advice is we should not test the depth of water with both feets or better said, never put all your eggs in one basket... All simply means we should not invest all or possession in one business, do not enter a single trade with all your assets
You just said it all.. I think only the gullible, ignorant or foolish ones will put all their eggs in one basket. It's always good to diversify. When one doesn't work, the other will definitely work an dyou won't be in so much of a loss.
i like the advice.. but each and every people is different..as many people say invest what you can afford to lose
I really like this your adage. "Don't test the Depth of water with Both Feets" very explanatory, this is to say, invest wisely. Be Mindful of the risk you take especially when it has to do with cryptocurrency. In as much as we know every investment is risky but we should take calculated risk .
Cryptocurrency market still not regulated in many country and few country not allowing their citizen to invest in crypto or bitcoin. Its true that we should invest with money we can afford to lose and crypto is high risk investment, we should calcaluting this risk wisely
Every effort in this life involves risk. This risks are classified into two main categories, low risk and high risk!
To invest in a coin or any other project has more than just to think of buying and selling on exchanges
Every coin is a potential coin to expand if only It has the support of community and investors.
So I urge us all to invest with our instincts, never for once may we judge a swimmer by him standing only at the banks of a river. So take a risk, make a session and may it work for you.
My only advice is we should not test the depth of water with both feets or better said, never put all your eggs in one basket... All simply means we should not invest all or possession in one business, do not enter a single trade with all your assets
To invest in a coin or any other project has more than just to think of buying and selling on exchanges
Every coin is a potential coin to expand if only It has the support of community and investors.
So I urge us all to invest with our instincts, never for once may we judge a swimmer by him standing only at the banks of a river. So take a risk, make a session and may it work for you.
My only advice is we should not test the depth of water with both feets or better said, never put all your eggs in one basket... All simply means we should not invest all or possession in one business, do not enter a single trade with all your assets
I am agree that we should not put all our investment in single coin or token. Dividing our investment into different project is a must to reducing risk from volatiling market. With invest in several project, when few project price fall, others can survive
We must be aware of in what project we are going to invest before going for it. It will be a good idea to distribute your investment in different projects in cryptocurrency just like in stock market. Allocating your investment in different projects will give you your higher chance of getting more profits and reducing your losses.
I really like this your adage. "Don't test the Depth of water with Both Feets" very explanatory, this is to say, invest wisely. Be Mindful of the risk you take especially when it has to do with cryptocurrency. In as much as we know every investment is risky but we should take calculated risk .
I think it is the basic importance when we are going to invest or trade.
It is too risky if we are entering only in one thing or one basket. If we want to invest, diversifying ou funds is very important. And we cannot try the big risk t first likely testing the depth of the water with our two feet.
It is too risky if we are entering only in one thing or one basket. If we want to invest, diversifying ou funds is very important. And we cannot try the big risk t first likely testing the depth of the water with our two feet.
It is very true. There are risks with every business and to win is to take risk but to invest all your asset on a single coin is extremely risky. At least expanding your portfolio will reduce the risk as the different coins may complement each othet in terms of loss
the chance to take advantage of a few coins will be better than on one coin and that is true, I agree.indeed all actions and choices have risks, so we must be careful and always ready for whatever will happen.
choose coins that are good and don't arbitrarily choose, because it's influential.
It is very true. There are risks with every business and to win is to take risk but to invest all your asset on a single coin is extremely risky. At least expanding your portfolio will reduce the risk as the different coins may complement each othet in terms of loss
Kudos for this wonderful post, going all in into one project or coin looks suicidal to me and should never be encouraged. People need to understand that there are many good coins that are worth looking into rather than putting all funds into just one which turn out bad afterwards.
Also, as a trader it is wise to divide your funds accordingly while trading to avoid getting trapped.
Also, as a trader it is wise to divide your funds accordingly while trading to avoid getting trapped.
Warren Buffet clearly explained the risks about the financial markets and it is fully revealed regarding the testing the depth of markets. Financial analysts usually advise to check the old prices of the asset and understand the reason why you want to invest in the project. Wall Street traders know these rules and they prefer to wait for the grown market circumstances for getting good price rate.
I agree with you. Most times am surprised on how people will invest all funds in one project with the anticipation that it will give massive return while forgetting that this space is unpredictable and highly volatile.
Let us always be careful of what and how we invest, invest or trade with money you are okay with not lifesavings
Let us always be careful of what and how we invest, invest or trade with money you are okay with not lifesavings
Every effort in this life involves risk. This risks are classified into two main categories, low risk and high risk!
To invest in a coin or any other project has more than just to think of buying and selling on exchanges
Every coin is a potential coin to expand if only It has the support of community and investors.
So I urge us all to invest with our instincts, never for once may we judge a swimmer by him standing only at the banks of a river. So take a risk, make a session and may it work for you.
My only advice is we should not test the depth of water with both feets or better said, never put all your eggs in one basket... All simply means we should not invest all or possession in one business, do not enter a single trade with all your assets
Well said. Testing the depth of water with both feet is dangerous and can take you to your grave soon. Why not try different ventures with one at a time. Investing all your hard earned money into a single coin is a big mistake to be avoided. As already stated, every coin has the inner potential to moon only if it has community and investors support. Crypto can surprise you anytime and anywhere, don't invest your all in just one coin or project. A word to the wise...... To invest in a coin or any other project has more than just to think of buying and selling on exchanges
Every coin is a potential coin to expand if only It has the support of community and investors.
So I urge us all to invest with our instincts, never for once may we judge a swimmer by him standing only at the banks of a river. So take a risk, make a session and may it work for you.
My only advice is we should not test the depth of water with both feets or better said, never put all your eggs in one basket... All simply means we should not invest all or possession in one business, do not enter a single trade with all your assets
Jump to: