Topic: How to invest in Crypto wisely and strategically - page 3. (Read 790 times)
Before investing into any financial strategy, you have to define what you are actually trying to do. Investing in cryptocurrency is risky and the market is highly volatile. You can literally make or lose hundreds of dollars every day from just one Bitcoin because of how rapidly the price changes.So be prepared physically and mentally
I have used a few of criteria before I start investing, these are:
1. Choose your coin very carefully, do not buy into the hype, read the whitepaper and make your own judgement before investing. It only takes about an hour max.
2. Just because you like a coin, and because it has potential doesn't mean it will succeed. Sometimes if a ship is sinking you should get off before you drown.
3. Take your time to check for superior competitor coins, as very few coins are truly unique.
1. Choose your coin very carefully, do not buy into the hype, read the whitepaper and make your own judgement before investing. It only takes about an hour max.
2. Just because you like a coin, and because it has potential doesn't mean it will succeed. Sometimes if a ship is sinking you should get off before you drown.
3. Take your time to check for superior competitor coins, as very few coins are truly unique.
Know your goals and strategize accordingly. Are you looking to use Bitcoin as a currency to exchange for goods/services? Do you want a quick turnaround investment? Or are you wanting a long-term investment that will increase in value over time?
The best thing you can do to minimize risk and invest responsibly is to do your research. Look into different wallets and exchanges. Find trusted sources to answer your questions.
The best thing you can do to minimize risk and invest responsibly is to do your research. Look into different wallets and exchanges. Find trusted sources to answer your questions.
I think you should buy some promising altcoins and invest money into very interesting ICOs. This will give you a benefit in the near future
using opportunities and opportunities as now prices in the market are on the downside. so we can use to buy as much bitcoin or altcoin as possible. Thus we will benefit greatly in the future .
first, you need to decide how much money you want to invest in crypto, you need to have a skills to analyze and makes research to find the coins that you can buy, you need to determine how long you want to keep the coins and this means you need to know when you want to sell your coins and it is better if you have a target price to sell. then, you need to determine how much coins you want to buy. besides that, you need to know that the price in the market is volatile and you should have a way to prevent it if somehow, the price is down even for down too deep so you don't have to be panic.
the trick is at the moment the price is stable we directly invest and see the possibility of crypto is going up.
I agree with you, currently price is very unstable and thus I have reduced my investments in bitcoins and other coins.
I expect this to come back to normal in few months or may be by the end of this year. Making profit in such a situation especially for people like me (who cannot monitor prices closely) can be very dangerous.
To invest in crypto wisely and strategically you should do some research to know if it is a legit investment or a scam know who are the members and the project they been through. Also if the price is stable you can do an investment.
Here are my recommendations on altcoins:
1. First of all, look at the coins from the portfolio that have grown the least.
2. The more the coin grows, the more people talk about it, but this is not always a reason to buy it, rather the opposite.
3. If you have funds in bitcoins now, then leave them there, buy violas with new money. There is a feeling that the violas will soon be corrected.
I think that the strategy of long - term investment is the most optimal for novice investors, so there are options to mess up the minimum-you buy and wait.
1. First of all, look at the coins from the portfolio that have grown the least.
2. The more the coin grows, the more people talk about it, but this is not always a reason to buy it, rather the opposite.
3. If you have funds in bitcoins now, then leave them there, buy violas with new money. There is a feeling that the violas will soon be corrected.
I think that the strategy of long - term investment is the most optimal for novice investors, so there are options to mess up the minimum-you buy and wait.
the trick is at the moment the price is stable we directly invest and see the possibility of crypto is going up.
I agree with you, currently price is very unstable and thus I have reduced my investments in bitcoins and other coins.
I expect this to come back to normal in few months or may be by the end of this year. Making profit in such a situation especially for people like me (who cannot monitor prices closely) can be very dangerous.
My strategy is to follow the market trend
This technique is also useful but we need to have a deep research on how to invest well so that it will become successful. 
The best strategy to inest on bitcoin is but more bitcoins when the oorice is very low this can give us more benefits when the price is at moon and bitcoin can be suitable for short and long term as well so you need to decide how long you are going to invest but my opinion is investing on long term is risk free which will help us to avoid panic selling when there is dump and bump in the prices.
the trick is at the moment the price is stable we directly invest and see the possibility of crypto is going up.
You should follow the market very carefully.
Following the market is a nice strategy to do because that's the best way to know whether the market is good or bad. Knowing that the bitcoin is in low price must be taken advantage because that's the best time to buy a bitcoin. Then making it grow depends upon you if you put a lot of work in it then expect a very good result because bitcoin will not fail you.
You should follow the market very carefully.
Thank you for sharing this..This is a pretty interesting idea. But we need to have our own point of views in this crypto market, which should have the experience and the lessons of ourselves.
Your knowledge will determine your income. Do not rush to make money, take time to learn about blockchain, market, technology ... That is the optimal solution.
Your knowledge will determine your income. Do not rush to make money, take time to learn about blockchain, market, technology ... That is the optimal solution.
In my opinion the best strategy for crypto investing is holding it for a certain length of time until the ICO project moves with the market. This might take longer but might be the better way than trading. Trading is good for people who have lots of capital and nothing much to worry if there is a loss. If you are a beginner its ideal to invest both in bitcoin and altcoins to get better results.
You really have to take careful steps in making your investments. You have to first understand what really is cryptocurrency all about; how it works. Then you've to research where is the good place to trade or to buy. Of course you also have to research on the best and safest place to store it. The one that's been testified by several people. Then you've got to understand how the market moves so you would know when is the best time to buy and to convert. Also, you have to give it time because it is a long term investment.
In my opinion the best strategy for crypto investing is holding it for a certain length of time until the ICO project moves with the market. This might take longer but might be the better way than trading. Trading is good for people who have lots of capital and nothing much to worry if there is a loss. If you are a beginner its ideal to invest both in bitcoin and altcoins to get better results.
Purchase incrementally as the cost goes down, making a normal position and planning to purchase more as the value diminishes further. Hold up until the point when the value settles, and maybe even shows sign of recovering, and purchase at that point. Set purchase orders at bring down costs than the present cost and let them fill. Setting purchases just before notable help levels, vast "buy walls," and mental levels is a particularly good strategy (as costs have a tendency to do at least a quick bounce off these levels).
Observe everything and learn everything around the project and market you are in.
Do not follow your own rules but to go with the trends of market, you need to fit in and not to stand in your belief... Haha much more being flexible...
Do not follow your own rules but to go with the trends of market, you need to fit in and not to stand in your belief... Haha much more being flexible...
First choose what crypto you'll invest in and research about it afterwards. You should know how it works and the market trends as well. Observe the movement of the price. In addition, i suggest you the concept of diversification which means you should invest your money not just in only crypto but divide it to many other types so that you will have higher chance of having great returns.
Invest your money in different coin because it will give you more profit than focus on only one coin, if you invest make sure that the price of a coin where you invest is on the low.
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