Five important advices in cryptocurrencies investing ! - page 2.

Redemption59

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Quote from: crypto1998 on April 22, 2019, 11:32:21 AM

Hello everyone Grin

I want to share with you five important tips to keep in mind when trading cryptocurrencies Roll Eyes

First: Do not invest in any currency before studying it thoroughly and searching for it in depth
Second: you should always buy at the lowest possible price
try to buy the currency when it decreases To the lowest levels
and avoid buying on the rise or when it is at the top of the rise
They may go down at any moment
Third: don't panic during the drop of the coin
and do not rush to sell it because it may return
To rise again you must be very patient during trading
Fourth: Do not buy one currency with all of your money this is very dangerous which fall
The currency will result in your loss of everything you own
Fifth: Do not invest in only one exchange but must
use at least two or more exhanges

Investing in only one exchange is like laying all your eggs in one basket and investing all your hard earned money is is classified as uncalculated risk but most importantly, perseverance, patience, selective and a vivid research on any coin is needed before investing in any coin. Open your "eyes" before investing in other not to feed scammers.

Leo

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Quote from: crypto1998 on April 22, 2019, 11:32:21 AM

Hello everyone Grin

I want to share with you five important tips to keep in mind when trading cryptocurrencies Roll Eyes

First: Do not invest in any currency before studying it thoroughly and searching for it in depth
Second: you should always buy at the lowest possible price
try to buy the currency when it decreases To the lowest levels
and avoid buying on the rise or when it is at the top of the rise
They may go down at any moment
Third: don't panic during the drop of the coin
and do not rush to sell it because it may return
To rise again you must be very patient during trading
Fourth: Do not buy one currency with all of your money this is very dangerous which fall
The currency will result in your loss of everything you own
Fifth: Do not invest in only one exchange but must
use at least two or more exhanges

Nice information being pass there dude, kudos but it's easier said than done, greediness won't make lots of cryptocurrency investors heeds some of the advice

mrdeposit

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Activity: 1358

Merit: 509

Quote from: crypto1998 on April 22, 2019, 11:32:21 AM

Third: don't panic during the drop of the coin
and do not rush to sell it because it may return
To rise again you must be very patient during trading

Not every coin has to make a return. Even there is nothing that guarantees it.

Quote from: crypto1998 on April 22, 2019, 11:32:21 AM

Fifth: Do not invest in only one exchange but must
use at least two or more exhanges

It will be safer to use the exchange only for buying-selling. That is why we should not invest in change.

Alpinat

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Actually, you have almost all of the ways to be a success in the world of cryptocurrency. Especially when you said the doing research before investing on any altcoins or tokens here. We should keep that in mind for us also to overcome the fraud and scam projects.

alexsandria

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Merit: 268

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Quote from: Dart18 on April 22, 2019, 11:34:27 AM

Wow. It is bluer than blue.

Maybe you should've stayed with just using black fonts and not that sore in the eye colorful thread.
I read it and it is all just basics which have been posted here a lot of times.

You wont get any merits from this since it is just like a repeated thread and you might even get a warning for your colorful art. Grin

Yes that's somehow correct but considering the fact that he just applied what he just learned from the basic and beginner tips, it is quite still important to consider as he is making the topic updated, in that case, everyone to altcoins or investment specifically on trading can figure out what should be the essential.

livingfree

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First: This is the mistake that most of the newbies do, when they find out that someone has profited from that specific coin they'd also invest to it without thorough research on what they are investing.

Second: The opposite thing happens for new investors, they are buying at high and selling at low due to panic.

Third: It is okay to rush and sell the coin if you want to cut losses because you may not know if that coin will still recover after its dip.

Fourth: It is okay to buy one currency if it is bitcoin.

Fifth: It's better to say that don't store your funds on exchanges.

Ranly123

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Quote from: crypto1998 on April 22, 2019, 11:32:21 AM

Hello everyone Grin

I want to share with you five important tips to keep in mind when trading cryptocurrencies Roll Eyes

First: Do not invest in any currency before studying it thoroughly and searching for it in depth
Second: you should always buy at the lowest possible price
try to buy the currency when it decreases To the lowest levels
and avoid buying on the rise or when it is at the top of the rise
They may go down at any moment
Third: don't panic during the drop of the coin
and do not rush to sell it because it may return
To rise again you must be very patient during trading
Fourth: Do not buy one currency with all of your money this is very dangerous which fall
The currency will result in your loss of everything you own
Fifth: Do not invest in only one exchange but must
use at least two or more exhanges

What you advice is just the basic of crypto investment. Maybe you should find more advance strategy on how to avoid losses. There are times that most of our investments would get complicated and we need options which would help minimize losses.

OTC

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Activity: 196

Merit: 10

Before investing in cryptocurrency, I'll advise you to know the kind of coin you want invest in, the team behind the project, the soft cap of the coin, advisory team and the rest.

rdewilde

full member

Activity: 925

Merit: 100

Thanks so much for the post, it's wonderful and self explanatory. Especially the aspect of exchanges, it's indeed wise to spread funds across exchanges, maybe two or three. Not only will this safeguard uses from unforseen circumstances, it will also make the user trade efficiently as each exchange have their way of operations.

yobo2020

jr. member

Activity: 156

Merit: 2

Great! Write up but I will like to add some point to it. Don't invest all your money in crypro and your should also have another ways aside from cryptocurrency business, when ever crypto business is not moving, he can survive through the other business

Eildosa

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Activity: 572

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These are the general rules that every trader knows and adheres to. In addition, many who have already written about it, so you are not the first who reports this information. But in any case it may help some beginner who will look to this forum to look for information.

sukoyomi

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Quote from: christotle on April 26, 2019, 04:26:49 PM

We could take the risks but we have to make decisive decisions. Choosing a trusted exchange and knowing where to store our coins and funds is also the first thing that we must keep in mind.

However, not many will learn from others experience which is cheaper, rather, they learn from the own experience which is very expensive and heart breaking.

I agree with you, security is indeed a matter that must be prioritized. However nowadays, many people choose the safe place just by looking at his famous, with concept more famous will have high security level. They are deceived, whereas that's the main target of cyber criminals.

christotle

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We could take the risks but we have to make decisive decisions. Choosing a trusted exchange and knowing where to store our coins and funds is also the first thing that we must keep in mind.

However, not many will learn from others experience which is cheaper, rather, they learn from the own experience which is very expensive and heart breaking.

Osarman

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Activity: 952

Merit: 503

This is a very good one, this is what we need on this forum for newbies coming into the space and not people coming into the forum to shill projects just to find way to scam people of their hard earned money. I have been saying this and will always keep saying it that before anyone invest in a blockchain project especially when it has to do with ICO, it is expedient to make a thorough research about the project, the best way to start your research is to check the ANN thread of the project to see other users review.

Adriano2010

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Well if people don't have enough money they will can't invest on same coin on more exchanges and is possible they choose a known exchange, but indeed always research before invest. I think with fifth advice you mean to buy on on exchange where price is a bit lower than another and sell / buy between 2 exchanges.

julius caesar

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Quote from: crypto1998 on April 22, 2019, 11:32:21 AM

Hello everyone Grin

I want to share with you five important tips to keep in mind when trading cryptocurrencies Roll Eyes

First: Do not invest in any currency before studying it thoroughly and searching for it in depth
Second: you should always buy at the lowest possible price
try to buy the currency when it decreases To the lowest levels
and avoid buying on the rise or when it is at the top of the rise
They may go down at any moment
Third: don't panic during the drop of the coin
and do not rush to sell it because it may return
To rise again you must be very patient during trading
Fourth: Do not buy one currency with all of your money this is very dangerous which fall
The currency will result in your loss of everything you own
Fifth: Do not invest in only one exchange but must
use at least two or more exhanges

I want to ask a question, in the fifth advice, is there any chance that you could invest on a one exchange but using only different accounts? If so, is there a positive implication that it can give to your holdings if you do so? I wonder why we need to find other exchanges if there is already one.

okala

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This investment advice is the fundamental strategy for trading and investing as long as cryptocurrency is concern, you have to apply all this steps if you really want to make good profits out of your investment and the most important one is not to panic when price of the coin you invest decrease because you may end up making a wrong choice.

Ailmand

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I agree with all the helpful tips that you have shared. It's really important that we'll have preparation and brainstorming upon choosing and investing in a good coin so that we will have an assurance of gaining a good profit in the future. We should take the risks but we have to make firm decisions. Choosing a trusted exchange and knowing where to store our coins and funds is also the first thing that we must keep in mind.

Buntel168

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Wow thats cool dude, it's all very clear. And almost everything I do like that, and very helpful before investing in crypto.

alexsandria

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Quote from: crypto1998 on April 22, 2019, 11:32:21 AM

Hello everyone Grin

I want to share with you five important tips to keep in mind when trading cryptocurrencies Roll Eyes

First: Do not invest in any currency before studying it thoroughly and searching for it in depth
Second: you should always buy at the lowest possible price
try to buy the currency when it decreases To the lowest levels
and avoid buying on the rise or when it is at the top of the rise
They may go down at any moment
Third: don't panic during the drop of the coin
and do not rush to sell it because it may return
To rise again you must be very patient during trading
Fourth: Do not buy one currency with all of your money this is very dangerous which fall
The currency will result in your loss of everything you own
Fifth: Do not invest in only one exchange but must
use at least two or more exhanges

I've watched a video on youtube pertaining to the strategy that we should accumulate cryptos on a daily basis and not just depending on the low price amount but to diversify the price range of a certain crypto to avoid major losses in the market, I wonder if what is the possible implication if we do that kind of way?

Topic: Five important advices in cryptocurrencies investing ! - page 2. (Read 465 times)