Just a quick warning - page 14. | Bitcointalksearch.org

zeze18

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Quote from: DDante on January 04, 2020, 07:51:39 AM

No matter how promising a project might look, especially if they are new projects just look them as if they have nothing to offer and invest only what you can afford to lose. Do not keep your eggs in one basket, do you fall in love with a single coin, no matter how good they are always keep digging, many more good gems won't hurt than relying on a single gem 💍. Be smart

That's how crypto investors should be, don't rely on just one projects more over today projects are so many and people are jumping to each different project like flash so keeping investment too long in one project is not the best way to do with current crypto condition

shodik007

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it doesn't matter even though one is btc but it is very risky to place only one altcoin, maybe everyone thinks like you and I will do it too. I think it's true that it will be much safer if we store it in several coins so that if there is a loss in one coin, we still have other coins

princecharles

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Quote from: DDante on January 04, 2020, 07:51:39 AM

No matter how promising a project might look, especially if they are new projects just look them as if they have nothing to offer and invest only what you can afford to lose. Do not keep your eggs in one basket, do you fall in love with a single coin, no matter how good they are always keep digging, many more good gems won't hurt than relying on a single gem 💍. Be smart

You gave a plausible warning. In fact, I've always heard that it's unwise to keep all your eggs on a basket. It's a sound investment principle to diversify and don't depend on only one single source of income. Its also a good idea to only invest what you're willing to loose., the cryptocurrency space is highly volatile and there's no promise or assurance on any project or coin.

White Christmas

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Quote from: DDante on January 04, 2020, 07:51:39 AM

No matter how promising a project might look, especially if they are new projects just look them as if they have nothing to offer and invest only what you can afford to lose. Do not keep your eggs in one basket, do you fall in love with a single coin, no matter how good they are always keep digging, many more good gems won't hurt than relying on a single gem 💍. Be smart

I've appreciate this post in which it is true that no matter what happens when the project was a new project don't trust so fast because no matter what happens you don't know what are the background of this project and we also don't know if this project is reliable or not. Even though that the whitepaper of the project was good enough to convince you that this is a legit project, then probably think about it and think those people who are scam just because the project looks real.
Just like what people says, go and find more so that when you came back you will have so much, meaning be smart on having many connections or transactions so that you will not just stick into one, there are tons of different kinds of gem in the world don't look for the one and only diamond because other gems have their true value also.

Gotumoot

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Yes ofcourse i know this also because if we relying only in one altcoins and invest all of our money the possibility is high that all our investment will lose if this coins is going to dump. So invest our money in deffirent investment so that when some of our investment lose or become scam not all our investment will dump.

rosezionjohn

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Ah "GEMS", this is how some investors usually describe those low market cap coins with "potential". Then 2018 came, these same people who were very optimistic before started calling these gems as shitcoins Cheesy

Here's my quick warning, you do not have to distribute your eggs into different coins or tokens. You don't have to follow tips or advice that works on other type of investments because they may not be applicable to a young market like crypto. We've already seen how many people got rekt from the "altcoin rush".

Eclipse26

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Already aware of this one so this advice are really for beginners. It is really indeed a better move. Investing in different altcoins that you see will do or is doing good is much advisable than investing everything in one coin. Because we're avoiding losses in one go. As long as you're not only investing in a single coin, that's already good. You just have to know where you should invest more than the other one.

Baby Dragon

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Quote from: iamaruf on January 04, 2020, 08:35:49 AM

This is the main rules of trading and investment in real life or Online.few people are greedy that’s why they put all of there money in one place and if that’s turned to scam they cry and blame.but wise people always put there money in different place or different coins.

It's because they are not thinking before making decision, they don't even bother doing research regarding that specific project that is why most of them end up losing their own money for thing. It's the reason why you have to consider a lot of things, you can't just put your money without thinking the possible outcomes. They should realize that being greedy will never turn out good and you have to expect that losing is part of investing, it depends on you if you are going to learn from your own mistakes and turn that experience into a lesson that can guide you. It doesn't matter as long as you know how to handle your own investment and you already determine that it's a profitable investment but you have to remind yourself that you can't assure the possible things that my happen so if you are into it then be careful and attentive. Also, you can't blame anyone or anything because of your own stupidity just accept your mistakes, it's your choice at the first place so you must suffer the consequences.

livingfree

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I also say that term of not keeping all eggs into one basket but in bitcoin, this is the opposite way. If you want to minimize your losses but to maximize profit, putting to bitcoin-only can be your choice. I have invested in other altcoins because it's my choice to diversify.

Bitcoin is a gem and if you have invested only into it, you have the best gem of them all. But as time passes by, you want to explore into altcoins and that's the start of knowing others of it through the researching.

chaoscoinz

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Quote from: DDante on January 04, 2020, 07:51:39 AM

No matter how promising a project might look, especially if they are new projects just look them as if they have nothing to offer and invest only what you can afford to lose. Do not keep your eggs in one basket, do you fall in love with a single coin, no matter how good they are always keep digging, many more good gems won't hurt than relying on a single gem 💍. Be smart

Some pretty good advice to give, the way the market volatility fluctuates, you could really end up losing it all, especially if one isn't careful enough. When you diversify your portfolio you have a better chance of coming out on top, but it involves a lot more work. You have to constantly check the market in order to make sure that your coins are doing well!

OasisDre

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This have been said many times but since we always see newbies every time to time it's good to share this information over again, newbies should try as much possible to put learning first before investing, seek answers and you will find unexpected answers, always remember that you meet some people on here who've been around before you, they have different experience to share

iamaruf

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This is the main rules of trading and investment in real life or Online.few people are greedy that’s why they put all of there money in one place and if that’s turned to scam they cry and blame.but wise people always put there money in different place or different coins.

DDante

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No matter how promising a project might look, especially if they are new projects just look them as if they have nothing to offer and invest only what you can afford to lose. Do not keep your eggs in one basket, do not fall in love with a single coin, no matter how good they are always keep digging, many more good gems won't hurt than relying on a single gem 💍. Be smart

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