Honestly, I never really used this method, I have been pure crypto ever since I know myself and have always worked to get more, I am always the type of person who got into something with both feet in and I like it that way since that means if I am right I will be super rich and super right however if I am wrong then I will get to start over from zero which I like a lot.
I have quit great jobs in my life just to start a new industry with another work space because I like to start from zero. At age 30 I am still trying to do something new and I got into local politics a little and want to become politician now, I know I won't become one because I will probably stop that and move to something new without putting enough time into this to become a politician, whatever I do I will always go all-in no matter what it is.
Topic: Don't test the Depth of water with Both Feets - page 3. (Read 881 times)
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. 
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.
Well, diversification may be different. I know people who buy a lot of shitcoins and think they are safe. We are aware of the huge risk in this market, and so the diversification taught by experience is better tactic.
You are very right. In this crypto space, we have seen coins/tokens that had a lot of hype and a lot of people invested in it(probably some people invested their only fund or even life savings) and now you can barely of those projects.
When investing and when trading, we should always learn not to invest all our funds in one single project. That's a very risky move. You never can tell what will happen to that project the next day. So we need be wise, if it's in investing in IEO or ico we can spread our investment on various projects. While if it's trading, we can spread our funds on various tokens or coins just to be safe.
When investing and when trading, we should always learn not to invest all our funds in one single project. That's a very risky move. You never can tell what will happen to that project the next day. So we need be wise, if it's in investing in IEO or ico we can spread our investment on various projects. While if it's trading, we can spread our funds on various tokens or coins just to be safe.
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.
We are aware of the huge risk in this market, and so the diversification taught by experience is better tactic.
It will always be a wise idea to allocate your investment in different projects instead of putting it in a basket. It is simply because that if a project you have invested in sinks all your money will go to waste as the market is volatile and there is not sure that a project will always get a success. So be aware of your investment.
Well said. Every business has inherit some kind of risk. Low risk business gives you some limited money but high risk business can give huge money too but it can be possible if you have good knowledge about the business you are doing. So we all know crypto market is highly volatile market some investors make huge money and some book huge losses too. Its not a gambling market and not a quick rich scheme. One can earn good money through this market provided he has good trading skills and one should not invest all his money in one coins. He/she should diversify its investment in different-different high potential coins to avoid the losses and always trust your analysis and always took the calculated risk.
This statement is very related to putting all your eggs in one basket. When we are taking risks, we should always calculate the potential of winning and the possible returns especially in crypto. When you are investing in a coin be sure to have conducted a good research on it and be sure the coin can give you the expected returns.
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
Yup, that's the truth. Single trade with all total of your assets is like gambling. more or less. You risk all assets owned and hope to win the trade. and that's really the wrong thing. At least make 3 or 10 different coins as backup.
This is one of the basic principles that every investor must learn from the beginning to last for a long time in this business with good results, because otherwise, the lack of discipline, greed and lack of mental control is what led many unwary to suffer heavy losses during the furor at the end of 2017.
Personally, I must admit that a lot of my investments are in cryptocurrencies, but I have known how to take advantage of the good times of the crypto market to diversify my investments in other markets, even knowing the great risks involved in trusting in the predatory banking system that predominates in the present.
Personally, I must admit that a lot of my investments are in cryptocurrencies, but I have known how to take advantage of the good times of the crypto market to diversify my investments in other markets, even knowing the great risks involved in trusting in the predatory banking system that predominates in the present.
I literally did so back then and I glad I did, sometimes taking risk may end up with the best possible outcome but it will end up bad most of the time for sure.
Don't invest by just using your instinct. Most of the it'll fail, if.not you gonna get disappointed bit. I'm not telling not to invest.in high risk investment, my point is to do the necessary research and study for at least you had done your part. I love investing in projects that had just started. First, the price is very low. Second offers high returns. But, remember not to put everything in it.
You are making much sense here. Investing everything in a single coin or token is highly risky. We all should know how volatile the market is, so invest wisely .
You are urging us to invest on our instincts?
That is the worse type of advice I've ever heard!
It's what people say in movies, but movies aren't real.
Here in the real world, all of the most successful traders and investors invest based off of data and analysis.
In my own expereince, I have made the most by using data and analysis.
the times I went with "instinct" the returns were not consistent at all.
At times I won big, at times I lost big.
Life is long and there isn't such a thing as "winning big" once then get out and retire.
Treating crypto investing like gambling will yield the same types of results.
That is the worse type of advice I've ever heard!
It's what people say in movies, but movies aren't real.
Here in the real world, all of the most successful traders and investors invest based off of data and analysis.
In my own expereince, I have made the most by using data and analysis.
the times I went with "instinct" the returns were not consistent at all.
At times I won big, at times I lost big.
Life is long and there isn't such a thing as "winning big" once then get out and retire.
Treating crypto investing like gambling will yield the same types of results.
Good advice of course, but that applies to any decision when putting in your money. Always diversify and always know the risk you're putting up, and more importantly, never invest with money you can't afford to lose. This last part is I guess the most important and yet the most ignored. People keep putting money they THINK will grow, even though they know the risk is that they could lose it. And in crypto risk of losing it ALL is very real!
thanks for ur add up, we all need to be cautious of whatever we do and never regret any decisions but rather make uniform resolutions from them
Thank you so much for this, as it explains a lot. Most people want to hit it big thus putting all funds in one project which might do well or end up scamming them.
I think its proper to invest what we can afford to lose, as this space is unpredictable and volatile, so as to keep our sanity. Also, spreading funds across legit coins pays too.
I think its proper to invest what we can afford to lose, as this space is unpredictable and volatile, so as to keep our sanity. Also, spreading funds across legit coins pays too.
I think we should be careful to investment. just i say a bird have two feathers for flight,like up & down position. like that we think about up &down earning result. so we should not invest in one project .for balancing our profit we can large numbers project.
That's a good advice and only if most will Implement it will go a long way to save them unnecessary headaches and sleeplessness.
We should learn first what risk is all about, as it is with any investment before thinking of going for any project this is to safeguard our funds to a greater extent while taking into account the volatility of this space.
We should learn first what risk is all about, as it is with any investment before thinking of going for any project this is to safeguard our funds to a greater extent while taking into account the volatility of this space.
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
This had been said for a hundred or already a thousand times when we do talk about investment.It do definitely corresponds with riskTo 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
even on making decisions on our lives do have corresponding risk.How much more if we do talk about investment?
It would really just a matter of success and failure and hence talking investing with instincts? It isn't effective anytime.Always vary with your analysis and
knowledge at the same time which would give out better chances.
I strongly agree with the advice you give, because in business we must consider the risks that will occur, so do not do business in one direction, because if in that direction we are not profitable then we get nothing, especially if we like investment, then invest in some good directions.
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