Topic: Invest in your ability to earn more. - page 16. (Read 7163 times)

If you are talking about being a long term holder then you are correct as it will not require too much knowledge in order to
become successfull. What you need to know only is what good exchanger to use and a safe currencies to invest in.

You can just monitor your investment weekly or even monthly is enough if you are serious about being a long term holder. One useful
advice also, buy all the safe assets that you want to hold for a long term one in bear season.

Sometimes even after full research, analysis and satisfaction the investment gives you big loses especially if you are entering near peaks, all time highs or at the start of the long bear trends, It will negatively effect your investment even if the project and team is really good so when you are investing you should keep that in mind and you should have space to hold the coins out of bear market and wait for 1 to 3 years.

for you to be able a good investor you should know the project as well, because if the project that you have invested failed then your investment will be lost.. there are people that upon check only the project they knows it is a good one 

Actually that is the best way to increase your net worth, the reason why only few people that are becoming successful in their investing journey because only few investing in their knowledge and ability. Why would you invest more in a specific investment where you do not habe enough and good skills? Before you put big amount of money in a investment, make sure first that you really make investment in yourselves where you fully understand what you are currently doing.

I'm a trader, before I put real money in the exchange that I currently using; I first make investment in myself where I bought a lot of books and attended a lot of seminars about trading. Actually it took me 6 months before I decided to open a account and do scalping.

don't forget we can also have real world business  I know many people earn large amount by investing in crypto currency however this is not happen many times .I mean not all is lucky to have earn profit in investing in crypto currency .you need to diversify  your investment into two way real world and crypto world in case one of them failed you still have backup to win that lost money.

With skills yes you can earn from it but still you are in need to exert effort and hard work to be able to earn. Skills are not just enough if you will not do anything to put it into actions. Experience is also a must have because mostly learnings came from experiences we do have which teaches us to get into the right track of path that we wish to achieve. Whether it is a bad or good experience, it doesn't matter because both can teach you a lesson that you can use to develop your skills to move forward getting into the success.

Becoming a good investor needs to have prior knowledge into certain coins you wish to get investment with because being unknowledgeable about it can put your investment into risks and you were like putting your funds into a gamble which attracts more losses than gains. You always do need to keep yourself updated into the latest news about crypto for it will guide you into doing decisions that will affect how will you do your investment based on facts stated and based on observation on the price behavior you see on price charts and as well as your capability to decide and assess whether you are going to invest or not. Skill is not the only thing you need for you also need other things that you must consider to make a successful investment.

becoming an investor certainly requires large funds and also the right investment place. I might disagree if I say that there is no special ability in this matter, because after all, in the world of investing you need to know which projects have great potential and which are not. So far, there are still quite a few people who are still wrong in investing.

That will work when you were having a lot of money but you can see how much people that can't afford to compete with the whales especially to invest in a IEO project. i think that you can see that IEO on big exchange site have already dominated by the whale.

You also need hard work in investing it's not a walk in the park if you treat it that way you are going to lose your investment it requires perseverance and always checking the best coin to invest and after investing you still have to follow up on the coin you've invested so you will know when to sell and buy again.

I think everyone will want to be like that, but for skills, not everyone have it. If me i will make an investment in old coins. Maybe bitcoin and Ethereum, although maybe to gain profit not fast as other coins, but i think it is safe investment.

You need to set limit to earn and avoid huge future losses everything is gamble, the volatility of the market is very unpredictable. You can apply and learn from different crypto traders the basic trading or apply own ability to set your own rules. You need to mentally ready to deal the ups and down of the market.

I personally do not agree with this. Everything needs effort even it is a small effort. The effort will determine the result of your expectation. So, whatever the condition, activities, and also business, MAKE YOUR BEST EFFORT for it.

[quote author=Shaheer781 You have to keep in mind that you will benefit if you invest in a coin or token by constantly monitoring the market. No experience is required for this. You just have to understand the market signal. Again you can invest in exchanger on any new token.
[/quote]
What kind of advice is this? well, probably it fits for you, but I don't think it can be suitable for others. However, I really appreciate your way to tell us about this advice.
Well, investing is not only putting your money into the coin/token. Investing, moreover, in the crypto world need at least:
1. basic knowledge of investment (the profit and RISK)
2. Knowledge and analysis of the token or coin to invest (never invest in the crypto that does not have any value or future, because once it becomes deadcoin or shitcoin your money will lose). It means that you need the effort to analyze and decide which coin to invest
3. You may not need to be an experienced person to invest. but, the experience will really make you better in investment. Say, you have more experience with the crypto world and investment, it will drive you better to choose and also make certain decisions for investment to reduce the risks.
4. You do not only look at the market. but you must also analyze the market. Analyzing the market is not easy (for me at least). It needs knowledge, skill, chart analysis, and also the graphic shoed on the market in order to get the exact and closed analysis.

every single thing you do need some efforts. even if it's just investment. when you're monitoring the price, you need to stand by all day and it needs some effort. i'm sure that investment need a lot of luck too. be careful not too confident with your ability, it can turn your profit into some loss.

I don't believe what the OP said, you can earn without the hard work. I don't think so. If you are an investor for example, you need to do your own homework to do some assessment for the project. And that entails patience and hard work to gauge if the project is worth your money or not. When you want to earn something, hard work is always there, unless you want to screw people's money.

Regarding your statement that no experience is required, I don't agree, because to be a good investor requires experience.
Because we can correct the mistakes we make when we fail in investing, learning from mistakes is the key to success
can generate profit on investment.

You are right to an extent, that is I agree with you to an extent, but saying " again you can invest in exchanger on any new token" is what I don't agree with. Are you aware that many projects nowadays are very risky to invest in, and also are you aware most exchanges are not worth it at all? With the level of scam projects coming up everyday, investing in any type of projects is wrong but rather being highly selective of the projects as well as the exchanges is a nice way to start. Also, trading is more than reading signals, it requires a good level of expertise.

It would hurt you at the end when you spend money and depend someone's signal. This is harm for me, I won't do that. Investing is not about you have money and you can get profit in it, but more than that you do need a knowledge, that is an important part that I felt a long time ago when I lose a huge money.

First of all you have to make the analysist before you spend in it, although you choose bitcoin for your investing which many people know how potential it is but you must make an analysist before you buy it. Moreover when you choose altcoin that I think you just have 50% to gain profit in it, you are require to make an analyst and have a high knowledge againts crypto currency sphere.

For get high profit , We must invest in the promising project . Promising project is new token that have a good idea and sometimes it has hype.
The type of this coin will has a huge demmand in the market.

Trading is about luck and patience, you can't take it as a secure job, because the markets can go down for more than months, and if you don't make profit in that time, then isn't business at all.

And that's why cryptos are called a high risk investment, because just like you can earn a lot you can lose big. So, play it smart.

in my opinion it is very easy to see the potential of a project, the first is to make sure their github is active, and their social media is still active, then the investment there is quite appropriate, and secondly, make sure the project has a good team