Don't test the Depth of water with Both Feets - page 2.

Uju4real

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📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

Quote from: billyhaleym on June 01, 2019, 02:30:25 AM

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

If I understand correctly you are saying we shouldn't put all our investment or hope in only a particular altcoin, well I have always believed in the diversification and it has helped me to not put all eggs in one basket

Olatunjex

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Quote from: billyhaleym on June 01, 2019, 02:30:25 AM

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

Yeah, life itself is a risk but that doesn't mean we should take uncalculated risk, i have seen some investor that have seen reg flag about some project, still they will go ahead to invest, that is absolute stupidity, when we take risk it must be calculated risk not stupidity some people call risk.

bttmember

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AMEPAY

Yes you are right and people need to understand that diversification is a good thing and it provides many benefits like balanced portfolio, lower risk and more chances to profit.

@baoli

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Base.protocol

Risk is relative to individuals. What scares you might scare another person..you may ask the gamblers. Yes risk can make us so much money and also mar us in this crypto space. Do what you can and stay safe

sangjoewara

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Quote from: normanz on June 08, 2019, 08:36:18 AM

Yes, as much as possible avoid putting all eggs in one basket because if the project fails then all assets will also disappear, crypto is very risky and it is better to divide investment in several places.

Choosing many places to invest is a good step, provided we have a strong reference before doing so, and it would be very wrong if we just put the egg in one basket, because there are still many other choices.

ljane

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Only a newbie will test the test the depth of water with both feet. You need not to invest all your money or the amount you need in cryptocurrency. Invest what you can afford, study the market then when things get better, you can invest more if you want to. Its all about tactics.

normanz

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Yes, as much as possible avoid putting all eggs in one basket because if the project fails then all assets will also disappear, crypto is very risky and it is better to divide investment in several places.

martychubbs

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Yes indeed! There are too many things that can go wrong when you rush into things. It's far more fruitful to relyon common sense when taking risk.

pixie85

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Sometimes it's better not to invest at all than differentiate. This was told to people who were buying many different physical goods like gold silver and real estate because all of them had value but different way of handling and some could be sold easier than other.

This should not be a rule in crypto where some projects are worthless.

lovesybitz

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Activity: 868

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Quote from: billyhaleym on June 01, 2019, 02:30:25 AM

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

We have our own choice, particularly if We talk about investment or buying coins in bitcoin and crypto it is our will to to take risk our capital.
Besides, this maybe the reason why there are lot of exchange platform that has been arise now in this business industry so that We have a lot of options to choose in. And the best reference is the coinmarketcap for seeking the top exchange.

bitc0000

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There is nothing more to add as you said is the truth. We should learn not to be carried away by our love for a coin that we will put all funds into it. The best investment is always to spread the funds across potential coins so as to stand a better chance of reaping a good profit when the time is right.

Flezy

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Activity: 707

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That's right and that's also the truth. No matter the coin we want to invest in, it is wise and better not to put all funds in rather spreading over other coins, in this way reducing unforseen risks. Crypto is vast, crypto is amazing but one thing prevalent is that this space is highly unpredictable, thus one needs to trade with caution.

Successmaniac4

member

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I'm pretty sure those who invested in Bitcoin when it was $0.1 never knew it will be $8k and over. No one knows the potential of a coin they invest in but that shouldn't mean you should invest all your money in one coin.

levvv

member

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Obviously you will drowning if the water too deep. We just cannot use all of our money in cryptocurrency.
Even if i find a really good cryptocurrency project to invest, i must invest with what i can afford to lose. That is the way to investing should be.

Apes

sr. member

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investments like gambling, you won't know which coins will give you an advantage, because lately there are many scam issues circulating everywhere. in accordance with the OP topic , it should be invested not on one ICO, coin or exchange. it is better to spread investment in various places, because it is likely to get wider benefits, because it does not rely on just one type of investment.

Bitbtc8

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Of course its always a stupid idea to put all your eggs in a single basket ,when you slip its goodbye to all your eggs ,diversity is the only surest way to success in crypto space ,don't put all your hopes in a single coin or token ,spread up your hope and make them HOPES

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

Quote from: cryp24x on June 07, 2019, 08:09:46 AM

Quote from: billyhaleym on June 01, 2019, 02:30:25 AM

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, I got your point here and I totally agree with you. That is the main principle of investing which is diversification. Not putting all your eggs on a single basket but instead finding more baskets to put your eggs to be able to achieve a maximum possible profit with less risks. Risks are already there and what we can only do is not to eliminate it but we need to learn how to manage it.

That will be applied in all investment and not just for cryptocurrency. With so many options to invest, we can spread our money into many things so when one or more can increase, we can get a profit and the best is in the cryptocurrency, and we have many coins that can be a profitable coin in the future. So we have a chance to make huge money when the bull market comes.

Kay94

member

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I would say opportunities come but once. You don't know which might be a hit for you but you can do that if you really understand the crypto market very well.

Delilonia1

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Opportunities come and go. One cannot really know which one will be a breakthrough but even at that, wisdom is necessary in investment. If wisdom is not applied, one can fail woefully and may succeed massively as the case may be but all will be based on uncertainties.
Therefore, I will advice that one should not invest all he has into one coin as other juicy opportunites may arise later on and there will be no means of benefiting from the new opportunity.

joshy23

sr. member

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Quote from: Xardasim on June 07, 2019, 04:34:10 AM

It may be the best option to avoid risk.
We are aware of the huge risk in this market, and so the diversification taught by experience is better tactic.

Good tactics indeed if you fully understand the market, but if you don't have any idea you'll risking your entire investment,
work with your skills and keep enhancing your ideas for the best benefits of your investment.

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