Topic: How to Invest (Read 1000 times)
the points that you mentioned are very decisive in a project that will be successful and promising, I hope this can serve as a guide for newcomer investors in the world of cryptocurrency.
I myself am more interested in investing in coins with clear quality like top coins today, for a new project I am still traumatized in 2018 where almost all of my assets were depleted.
Just to make it short, doing your own research before investing is the most important thing to do. This involves reading and understanding the whitepaper, checking the legitimacy of the team, checking if the product has a real use-case, team's marketing strategy, and a lot more. To lessen the risk of investing to scam or trash project you must do this thing with diligence.
Thanks for the post very good info especially for beginners and you almost covered all the points which are needed before trading in any stat of the market. I want to add one thing that always takes the risk if you don't take a risk you lose the chance.
Many people fail to make a profit when investing because they forget some basic rules. 3 basic rules mentioned in the opening post
very good thing to do if you want to succeed in the investment world. The key investment is in products, teams and history.These three
things can help find good projects for investment.
very good thing to do if you want to succeed in the investment world. The key investment is in products, teams and history.These three
things can help find good projects for investment.
I would say in addition to all the good steps you have listed out , every investors should invest only an about they are comfortable to lose incase of the unexpected . also, do not invest every of your capital in one crypto project .
Investment is not easy, there have a lot of risk to loss your money. So should more research where investors want to invest. Project product project team and their roadmap is very important for a investor. I can not agree your third options. i think previous history is not help a investors.
yup! it is true.indeed investing is not as easy as it says, it takes a lot of material preparation and also requires mental preparation.
because as you said there is a lot of risk of losing money there.
for the third option the OP said, i think it could have helped a little. we have to check all possibilities, if their history is very good, it doesn't matter if we put their project in the list of projects that we will invest in.
Investment is not easy, there have a lot of risk to loss your money. So should more research where investors want to invest. Project product project team and their roadmap is very important for a investor. I can not agree your third options. i think previous history is not help a investors.
yup! it is true.indeed investing is not as easy as it says, it takes a lot of material preparation and also requires mental preparation.
because as you said there is a lot of risk of losing money there.
for the third option the OP said, i think it could have helped a little. we have to check all possibilities, if their history is very good, it doesn't matter if we put their project in the list of projects that we will invest in.
Before investing we need to do an extensive research about the things to look for, just like what op stated. But we need to dig deeper to determine if the project they are proposing is true, scammers are smart as well to make a project with a convincing roadmap and white paper. So make sure to do your part as an investor/hunter to be careful and not greedy to earn huge and quick in a short time frame because its likely a scam.
These 3 steps which you have shared is also important while investing, that doesn't mean 3 steps are enough for investing, but it is just part of the learning of investing. We should make these things before deciding to invest in any project. However, it is so important to know everything about the project, which you want to invest in. There are a lot of ways to learn to invest, as you above mentioned some of them learn from their own mistakes, but the forum is also good way to learn from other's experiences.
Invest where you have less risk to lose your capital, don't look for more profits because it always leads to more risky way even you will lose completely.Investing on a new project will come under that category only so decide yourself that you are willing to lose your money.
The biggest question in my opinion how to invest? if you want study, you need to invest there. you want business, then you need to invest For example. In each case the term investment is involved. But the fact is, Where do you invest, what do you invest in, where do you invest, How much to invest, How much do you benefit, and how much do you benefit? Now in my opinion it is the most appropriate to invest in trading side.
What to do before the investment, well learn some knowledge about what are you going to invest . Verify the achievement, skills, background of the project , most very quick thing to do. Learn from different projects nature of the market project this analysis can change the game . Team is also a important than product, Because of a good team you can manage the product but good product can not successful without good team indeed .
I think there are several strategies to investing and you should figure out the one that suits you well.
Studying project team, product is a good start.
But importantly, before investing, you must find the right time to get in -(buy) and the right time to take profits.
Always dyor
Studying project team, product is a good start.
But importantly, before investing, you must find the right time to get in -(buy) and the right time to take profits.
Always dyor
Since when I was almost a years into the world of cryptocurrency these are the things you can do to make an investment.
1. Gain knowledge - Today most of the users are just buying cryptocurrency in a wrong time this may cause of loss of your funds also you can use the basic technique for investment this is the buy low, sell high. If you already gained knowledge better to buy coins.
2. Find some cryptocurrency exchange so you can buy a lot of cryptocurrencies but always make sure you find your trusted and reliable exchange.
Here we have.. or you can visit this thread List of Decentralized/Centralized Exchanges
BitMex
Bitfinex
Coinbase
Binance
KuCoin
Huobi Pro
Bittrex
If you already have some coins one of the best things you do next is getting a good and trustable wallet. It is not appropriate if you are storing your funds into exchange because we cannot tell what are the things happen next to the exchanges it is better to secure your funds than getting too much confidence and lose your income.
3. Get cryptocurrency wallet - this time you can make sure that all of your funds are already safe because of the wallets you choose. You can visit this thread to find more wallets Top 10 Best Cryptocurrency Wallets
Coinbase Wallet
Exodus Wallet
Trezor Wallet
Electrum Wallet
1. Gain knowledge - Today most of the users are just buying cryptocurrency in a wrong time this may cause of loss of your funds also you can use the basic technique for investment this is the buy low, sell high. If you already gained knowledge better to buy coins.
2. Find some cryptocurrency exchange so you can buy a lot of cryptocurrencies but always make sure you find your trusted and reliable exchange.
Here we have.. or you can visit this thread List of Decentralized/Centralized Exchanges
BitMex
Bitfinex
Coinbase
Binance
KuCoin
Huobi Pro
Bittrex
If you already have some coins one of the best things you do next is getting a good and trustable wallet. It is not appropriate if you are storing your funds into exchange because we cannot tell what are the things happen next to the exchanges it is better to secure your funds than getting too much confidence and lose your income.
3. Get cryptocurrency wallet - this time you can make sure that all of your funds are already safe because of the wallets you choose. You can visit this thread to find more wallets Top 10 Best Cryptocurrency Wallets
Coinbase Wallet
Exodus Wallet
Trezor Wallet
Electrum Wallet
There are many ways to invest in crypto currency but, before investing you have to know how you have to invest your money and where you will invest it because if you are not aware about where you are investing your money then you might lose it and regret the decision of investing it. You should be aware of the money where is it going.
Investment is not easy, there have a lot of risk to loss your money. So should more research where investors want to invest. Project product project team and their roadmap is very important for a investor. I can not agree your third options. i think previous history is not help a investors.
I prefer to invest in already established coins rather than new projects, especially the top 10 coins. And it is better to buy the coin when its very low, because you are very likely to make profit whenever there is a pump.
It is a safe investment option in this market. You will never lose too much if you invest in the top altcoins in this market. But you also won't have too much profit when the pump arrives, so you need to choose altcoins outside the top 10 to increase your chances of making a profit. For sure different people are looking for the different informartion and to those details they got is we have different opinion too so in how people invest is depends on what they are looking or they have requirements or list where rhey did invest or when it invest their money all of us is it's up to you.
Somehow you have a point, people have its own perspectives on how to invest in crypto. Above mentions key points could give a lead to people on which is the most important factor on what to invest. Also agreed, it is still on a person on how we manage our own investment and always do the research before putting money in crypto.
For sure different people are looking for the different informartion and to those details they got is we have different opinion too so in how people invest is depends on what they are looking or they have requirements or list where rhey did invest or when it invest their money all of us is it's up to you.
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