Topic: Guide on how to invest in bitcoin and altcoins - page 2. (Read 394 times)

I don't know if I'm getting it the wrong way but if my ascertain isn't wrong, you seems to be mistaking these three concepts, that's investing into Bitcoin, investing into altcoins and trading Bitcoin.

If we're talking about guides on how to invest into Bitcoin then we should probably be looking at determining the kind of storage to use, making the right plan on how to go about making our buys, iether buying with the DCA methord or buying in bulk and then supplement it with regular DCA merhord, setting out emergency funds, and allocating a portion of our earnings that's in line with our financial strength but not necessarily an amount we can afford to loose. when you advice people to invest with an amount they can afford to loose, it tend to make it look like they are gambling with there money or that you're talking about investing into altcoins or meme coin.

Factors like looking at the market cap, investing during the bearish seasons, interpretation of movement or getting panicked about price movement doesn't suggest you're investing into Bitcoin but seams as though you're talking about trading Bitcoin for quick gains and to some extent, they might not even apply much to Bitcoin but mostly altcoins. While I understand that everyone has his or her involvement strategy, if you're considering all of these factors you might end up making things too complex for you and might tilt towards thinking in a very short termed manner.

I think in addition to some of the key point you've rightly listed here, I will add that if you're investing into Bitcoin, do more of long term investment rather than short term, if you're considering investing into altcoins as a way of supplementing your bitcoin investments, it shouldn't be above 10% of the total allocation that will go into your groose investment.

Wetin I wan tell our people for naija is that make we dey try to educate our people well for bitcoin and anytime you are bringing your brothers and cousins and siblings for bitcoin investment try to guide your people first, many people is calling bitcoin names because they did not obtain a well processed information before they entered into bitcoin investment. The following are the steps we need to adhere before we invest with bitcoin.

● Check the marketcap first before you invest for bitcoin
● lnvest when you know is on the bearish season
● Do not invest because other people dey invest
● Invest what you can afford to lose
● Have a target when you invest, weda you are investing for short-term or long-term
● Do not be discouraged by anyone when you want to invest
● Make a proper research before you invest bitcoin
● Do not fail to observe or learn how to interpret movement of candlesticks before you invest
● Don't panic when market is against you
● Store your bitcoin on non custodian wallet
● Don't Store your bitcoin on exchange wallet
● Have a timing in every of your investment
● Don't be greedy after you have make at least 5x to 10x for your investment


FOR ALTCOINS INVESTMENT, YOU NEED TO OBSERVE VERY WELL BEFORE  ENTER ALTCOINS  INVESTMENT,  YOU SEY ALTCOINS SOME OF THEM DEY DIE OFF AFTER DEY DON LAUNCH THEM...MAKE THIS WEY TO INVEST IN ALTCOINS

● Never rush to invest in altcoins before you invest
● Make sure you make a good research wey make sense for any of d altcoins you wan invest
● Some of the altcoins lacks potential but fish out they ones wey no get potential out and invest on the one wey get potential
● Know say altcoins investment is very risky than bitcoin investment
● Diversify your portfolio for altcoins investment

If you have anything you wan add for the wey we go dey follow to invest for our cryptocurrency bitcoin and altcoins please add up.