Not only for newbies who want to invest money in cryptocurency, but for all those who want to invest their money, they must first conduct research on what projects they will participate in for investment. Basic knowledge about crypto is absolutely known by everyone who joins cryptocurrency, because crypto not only promises potential benefits but can produce substantial losses if we make the wrong move and make decisions. That is due to our lack of knowledge about the world of crypto
Topic: Investment in a wrong way (Read 875 times)
Many new crypto players make mistakes when investing in a coin they did not research in detail are the prospects coin it when prices start looking up, then they buy, reality it's only a trick to get a loss
For those newbie in cryptocurrency in all certain platform, if you want to invest your money first, you have to think and conduct a research regarding on why do you want to invest your money. For you to be able to gain a good profit and to avoid the losing of your capital. Hence, there are some people who have insufficient knowledge in trading, investment etc.
That is good idea but we cannot deny to ourselves that there are times that we became greedy although we are in this crypto business for a long time. I started this crypto last 2015 bu until now I still study on how to be wise in trading and investing some alts. Crypto coins are very volatile in the market that is why we need to make a serious study when trading.
Not only for newbies who want to invest money in cryptocurency, but for all those who want to invest their money, they must first conduct research on what projects they will participate in for investment. Basic knowledge about crypto is absolutely known by everyone who joins cryptocurrency, because crypto not only promises potential benefits but can produce substantial losses if we make the wrong move and make decisions. That is due to our lack of knowledge about the world of crypto..
For those who are new to the market and want to invest best consult the analysis of the famous group channels, because they are the ones with a lot of experience in the market, and invest when you have had enough experience
It doesn't matter if you do something very quickly and end up losing money, it is something we all have done before, what matters is what you do after that and how you handle it. If you do these mistakes about coins and learn from them and never do it again, it is a lesson learned, sometimes for cheap or sometimes for a lot of money but you learned your lesson and will not do it again.
However what you could alternatively do is actually continue to do your mistakes over and over again never learning, now that would be horrible. Research every single line of code in your investment coin, learn every single byte of data about them and you will not be losing any money because you won't invest into bad coins and only invest into coins that has a great potential in the future to make a profit.
However what you could alternatively do is actually continue to do your mistakes over and over again never learning, now that would be horrible. Research every single line of code in your investment coin, learn every single byte of data about them and you will not be losing any money because you won't invest into bad coins and only invest into coins that has a great potential in the future to make a profit.
The real important thing that everyone must do first upon deciding to engage into something that is just new for them is to of course get to know it first. Do an effort to do conduct your own research about it, learn everything about it, until you better tell yourself that you are totally satisfied on what you have acquired specifically the knowledge about it.
That is the same thing that newbies must also do when it comes to investing most specially with cryptocurrency. They must have better know at first the risks associated on investing into this kind of currency for it is volatile compared to other types of investment they know. They must first seek enough knowledge they must know to avoid failure on doing investment and avoid the instance of getting off guard crossing the way with a scammer. Being knowledgeable about investment will keep you safe away from scammers and you can conduct investment at ease and with possibility to gain success on doing such. Do not ever try to do investment without knowing anything about what you wish to invest with because it is kind of a very risky move that can just lead to failure.
That is the same thing that newbies must also do when it comes to investing most specially with cryptocurrency. They must have better know at first the risks associated on investing into this kind of currency for it is volatile compared to other types of investment they know. They must first seek enough knowledge they must know to avoid failure on doing investment and avoid the instance of getting off guard crossing the way with a scammer. Being knowledgeable about investment will keep you safe away from scammers and you can conduct investment at ease and with possibility to gain success on doing such. Do not ever try to do investment without knowing anything about what you wish to invest with because it is kind of a very risky move that can just lead to failure.
For those newbie in cryptocurrency in all certain platform, if you want to invest your money first, you have to think and conduct a research regarding on why do you want to invest your money. For you to be able to gain a good profit and to avoid the losing of your capital. Hence, there are some people who have insufficient knowledge in trading, investment etc.
all forms of investment in crypto is the responsibility of individual self-responsibility for their trade with realized there was no coercion if a newbie make an investment they should seek information sufficient details to buy a coin that they want to buy it because of all the trades in cryptocurrency very high risk then than that for beginners should look at good or not a platform to minimize the loss of their money. Basic knowledge is very important, it's a must when investing but what is the most important is your mindset.
This is really true. On investment, basic knowledge about investing is really a must have but having a positive mindset to think everything as an opportunity to gain will be a good thing to must have. Many people are already losing their hope towards investment whenever they see a sudden down fall on the price of the crypto they have currently invested with. It is just normal to feel like that but if you trust your guts and if you truly believe in the coin you have invested with, you do not have to worry about. Just trust the process and just wait for the results to speak for itself.
But before doing anything with regards to deciding to start up investing, first thing that you must to is to acquire knowledge which can be gained on reading or having the guts to ask or at least try with small amount because most of us have started on trying to risk before they can be able to acquire knowledge on what to do on how they will strategize their investment to come up for a good result.
no problem, you can learn while you experience it.
so you can learn and practice at the same time.
it will have more impact, because you practice and also while analyzing the market.
It is still hard these days to make a trade because of market volatility. Some may find it good but for me it is not because I am not good in prediction and so hard to gamble into trading for having short funds. The pandemic has really made more.people to.struggle.especially the average and low.income earners.so you can learn and practice at the same time.
it will have more impact, because you practice and also while analyzing the market.
Anyway it is still better to try than doing nothing trading could be good if one does have a good stratgegy in trading. Yes experience is the key to make gains in trading.
many beginner investors are too ambitious and impatient, so they are wrong in choosing coins to invest, for novice investors must know in advance the ins and outs of the coins you want to invest so as not to experience a large loss.
Agree, they only think of large profits in the short term without thinking about the risks involved. The risk here might be to lose a lot of money in a short time because it might be a scam project and lose competitiveness with others. Therefore always be careful when investing and don't expect too much profit.Now many become shitcoin.
Yeah I agree, beginners will definitely droll when they see a 10-20% ROI guarantee, and I bet they would put all of their assets without any hesitations and knowing the risk that it may bring but We can't take away that from them since they are new to crypto and very much prone into that kind of scheme.
no problem, you can learn while you experience it.
so you can learn and practice at the same time.
it will have more impact, because you practice and also while analyzing the market.
investing is different from trading, investing is the same as analyzing the project clearly, so you can learn and practice at the same time.
it will have more impact, because you practice and also while analyzing the market.
and trading analyzing prices and charts, it all must be learned first, but the lesson is different
no problem, you can learn while you experience it.
so you can learn and practice at the same time.
it will have more impact, because you practice and also while analyzing the market.
so you can learn and practice at the same time.
it will have more impact, because you practice and also while analyzing the market.
most of them are not careful in investing the money they have in the sites they choose, they are too hasty because they only expect the benefits to be gained and do not dig deeper into the risks of what they will face later. lack of experience and lack of knowledge in investing in crypto will certainly have a greater impact on the risk of loss
You're right, if you didnt follow the right step (gaining knowlege, digging deeper on where you want to invest) then you might experience losses, its either for wrong decision you commit or getting scam for lacking of experience. We all want to earn good amount right? So dont rush things and search for what a trader/investor should know. most of them are not careful in investing the money they have in the sites they choose, they are too hasty because they only expect the benefits to be gained and do not dig deeper into the risks of what they will face later. lack of experience and lack of knowledge in investing in crypto will certainly have a greater impact on the risk of loss
at the very least, they will get experience after that. however, the desire to get rich quick, and also get money the easy way, keeps people from doing in-depth research gradually. however, if they see other people succeed, then they will also try it. Well, it's very difficult to stop people like that, the only failure will make them learn. so far, I've only chosen popular coins to choose from.
For those newbie in cryptocurrency in all certain platform, if you want to invest your money first, you have to think and conduct a research regarding on why do you want to invest your money. For you to be able to gain a good profit and to avoid the losing of your capital. Hence, there are some people who have insufficient knowledge in trading, investment etc.
Have you done all of this ?or rather have you invested in cryptocurrency?anyway thanks for the advice this really helps us lol.
thinking alone will not get results without doing practice so it must be balanced with making decisions.
Say you think and predict very well but doubt when going to take a decision, is tantamount to doing nothing.
failure or defeat is natural in trading, but must continue to be sharpened and corrected.
correct on this,we must try to experience loses first for us to be consider as better cryptonian.Say you think and predict very well but doubt when going to take a decision, is tantamount to doing nothing.
failure or defeat is natural in trading, but must continue to be sharpened and corrected.
but as always?Invest what you can afford to lose.
One good way of Investments that I have seen from lots of experienced traders, they spread their investments. They do not fully commit to a single Cryptocurrency since it has the risk of going downhill like other Cryptos too. They just trust their gut feeling and believe in whatever decision that they have made.
What are you talking about here now though? Traders spreading their investments? But traders trade (buy and sell) they do not invest. Spreading your risk in crypto/altcoins is also a bit meaningless. You either have it all in Bitcoin, or you have some in alts, and spreading your basket too thin is pretty pointless when all alts rely on Bitcoin anyway.
Basic knowledge is very important, it's a must when investing but what is the most important is your mindset.
This is really true. On investment, basic knowledge about investing is really a must have but having a positive mindset to think everything as an opportunity to gain will be a good thing to must have. Many people are already losing their hope towards investment whenever they see a sudden down fall on the price of the crypto they have currently invested with. It is just normal to feel like that but if you trust your guts and if you truly believe in the coin you have invested with, you do not have to worry about. Just trust the process and just wait for the results to speak for itself.
But before doing anything with regards to deciding to start up investing, first thing that you must to is to acquire knowledge which can be gained on reading or having the guts to ask or at least try with small amount because most of us have started on trying to risk before they can be able to acquire knowledge on what to do on how they will strategize their investment to come up for a good result.
most of them are not careful in investing the money they have in the sites they choose, they are too hasty because they only expect the benefits to be gained and do not dig deeper into the risks of what they will face later. lack of experience and lack of knowledge in investing in crypto will certainly have a greater impact on the risk of loss
That’s the major step and requirement before investing in a project. If you will skip the process of reviewing the project before investing that’s probably gambling and the possibility of being failed will be high. Even your investment is for long or short term. Don’t expect for an instant return after just few months of investing. Any other investment opportunity can be risk. We can also set different plans before the possibilities of being failed so that we can get back what we lose.
Everything require risk but there are some risk that people that without proper research and basic knowledge about the stuff. I think the most important thing that everybody must do whether you are newbie or expert in crypto investment is that before you take any decision of investing in any project, please and please do a thoroughly research and have a good mindset.. With these two things you are good to go.
Jump to: