yes, better put money on bitcoin or altcoin to invest. the next few years we will get a lot of results. crypto currency will never be stable, they will increase every year.
we will be rich if investing in bitcoin, at this time already many people who start investing in bitcoin as the next few months prices in the market will recover.
Topic: My Advice on Investing in Crypto - page 12. (Read 3293 times)
This thread was posted in March this year. After this post market faced downward trend. But now again the market is looking upwards. This strategy will definitely be guiding factor if some one starts / enters the market this time.
Risk factor is the issue which should be kept in mind while investing. Only surplus funds need to be invested.
Risk factor is the issue which should be kept in mind while investing. Only surplus funds need to be invested.
Risk can mean a lot of things. Investing in cryptocurrency means you have a risk of losing money. Your money invested can decrease in value, possibly to zero. ALL investing involves risk in one way or another. Stocks often can go down in value over periods of time, just like crypto. Do you remember what happened in 2008? The S&P 500 dropped by 37%. This decline in the stock market was one of the worst in history. Severe market corrections are not uncommon, especially in cryptocurrency!
Good article and this was my favorite part. I am tired of trying to explain to people that BTC is not the only volatile stuff in the market. Look at the price of vegetables, avocados, for instance.
Congrats on your article, thanks and +merit for you.
Thanks for your contribution.
Almost investors are amateur, they come to the crypto world to make some "easy money" without any experience in investing or knowledge about technical analysis. So something like overall strategy and plan is very strange to them. That's why most people get lost in the crypto market.
Investing in cryptocurrency is a mechanism for building wealth, but it is not only for the wealthy. This is why our community is growing. Anyone can get started investing in crypto, and various options (BTC, ALT Coins, ICO’s) make it easy to begin with small amounts of fiat and add to a build a portfolio. What differentiates investing in crypto from gambling is that it takes time! There is not a get-rich-quick scheme.
The Definition of Investing is, “The act of committing money or capital to a venture with the expectation of obtaining an additional income or profit.”
Legendary investor Warren Buffett defines investing as “… the process of laying out money now to receive more money in the future.” The goal of investing is to put your money to work in one or more types of investment vehicles like cryptocurrency, in the hopes of growing your money over time.
Remember we invest so we can “work smarter and not harder.” If you are like me, you work hard at your job. It doesn’t matter whether you work for a company or own your own business. We all work long hours which requires sacrifice and adds stress to our lives. Using some of our hard-earned money and investing for our future needs is the best way to make the most of what you earn. Pay yourself first by investing.
Investing is also about setting priorities for your money. Spending is way too easy and provides instant gratification. New clothes, exotic vacations, fancy dinners and flashy sportscars are wonderful and make life more enjoyable. However, investing requires prioritizing the needs of our financial futures over the wants of our present desires. Investing in cryptocurrency is a way to set aside money and put that money to work for you so that you can reap the rewards of your discipline in the future. This is how you receive a solid future.
There are several different ways you can invest in cryptocurrency, including putting money into coins, tokens, ICO’s, Bounty Campaigns, etc. Every investment vehicle has its positives and negatives. There are no guarantees of making money, but a little work on your part can increase your odds of being successful. Analysis, research and even just plain reading up on crypto can help.
No one investing strategy or approach fits all. Every investor has different reasons for investing, different goals, different time horizons and varying degrees of comfort with investing. It’s important to define and articulate your own parameters.
You must set goals. What do you want to achieve for the money that you will be investing? Is safety of your investment with some level of return sufficient? Are you trying to grow your money for a longer-term goal? You will even have different types of investments for different goals. Before you decide to invest any money into cryptocurrency it is imperative that you understand why you are investing and the result that you desire. Goals should never be created in a vacuum. You also need to know your risk tolerance and your time-line as part of the goal-setting process.
Risk can mean a lot of things. Investing in cryptocurrency means you have a risk of losing money. Your money invested can decrease in value, possibly to zero. ALL investing involves risk in one way or another. Stocks often can go down in value over periods of time, just like crypto. Do you remember what happened in 2008? The S&P 500 dropped by 37%. This decline in the stock market was one of the worst in history. Severe market corrections are not uncommon, especially in cryptocurrency!
How much of a drop-in value for your investments can you tolerate? Your tolerance of this risk is a function of when you need the money. This is your time horizon. Usually, the younger you are the less thought you give to fluctuations in the value of your investments. This is the volatility of an investment. You should align your investments with your time horizon.
How long are you going stay in an investment? Warren Buffett rarely sells a stock he owns and doesn’t get rattled by market fluctuations. This is generally known as a “buy-and-hold” strategy. There are extreme traders who buy and sell cryptocurrency daily. This is fine if you are a professional but is rarely a good strategy for the average investor. I am not saying that you need to hold an investment forever. Things change, and you should analyze your individual holdings on a set schedule to ensure they are still appropriate for your situation.
Some crypto-investment vehicles require sophisticated knowledge and monitoring. Others are more set it and forget it. Your individual investment decisions should be based on your comfort level and your willingness to devote time to researching your choices. An easy route is to choose a variety of cryptocurrencies. A diverse portfolio of BTC, ETH, LTC, and BCH. Crypto investors with more knowledge and experience might consider ICO’s. It is important that you understand what you do know and don’t know. You should never be talked into something that you don’t understand or are uncomfortable with.
Being an investor doesn’t mean that you should quit your job, you can be an investor and still continue your main job of whatever it is that you are doing. Another thing people has to know is that there will always not be profit, mistakes and loss do occur. The price of Bitcoin will not only be going up. The Definition of Investing is, “The act of committing money or capital to a venture with the expectation of obtaining an additional income or profit.”
Legendary investor Warren Buffett defines investing as “… the process of laying out money now to receive more money in the future.” The goal of investing is to put your money to work in one or more types of investment vehicles like cryptocurrency, in the hopes of growing your money over time.
Remember we invest so we can “work smarter and not harder.” If you are like me, you work hard at your job. It doesn’t matter whether you work for a company or own your own business. We all work long hours which requires sacrifice and adds stress to our lives. Using some of our hard-earned money and investing for our future needs is the best way to make the most of what you earn. Pay yourself first by investing.
Investing is also about setting priorities for your money. Spending is way too easy and provides instant gratification. New clothes, exotic vacations, fancy dinners and flashy sportscars are wonderful and make life more enjoyable. However, investing requires prioritizing the needs of our financial futures over the wants of our present desires. Investing in cryptocurrency is a way to set aside money and put that money to work for you so that you can reap the rewards of your discipline in the future. This is how you receive a solid future.
There are several different ways you can invest in cryptocurrency, including putting money into coins, tokens, ICO’s, Bounty Campaigns, etc. Every investment vehicle has its positives and negatives. There are no guarantees of making money, but a little work on your part can increase your odds of being successful. Analysis, research and even just plain reading up on crypto can help.
No one investing strategy or approach fits all. Every investor has different reasons for investing, different goals, different time horizons and varying degrees of comfort with investing. It’s important to define and articulate your own parameters.
You must set goals. What do you want to achieve for the money that you will be investing? Is safety of your investment with some level of return sufficient? Are you trying to grow your money for a longer-term goal? You will even have different types of investments for different goals. Before you decide to invest any money into cryptocurrency it is imperative that you understand why you are investing and the result that you desire. Goals should never be created in a vacuum. You also need to know your risk tolerance and your time-line as part of the goal-setting process.
Risk can mean a lot of things. Investing in cryptocurrency means you have a risk of losing money. Your money invested can decrease in value, possibly to zero. ALL investing involves risk in one way or another. Stocks often can go down in value over periods of time, just like crypto. Do you remember what happened in 2008? The S&P 500 dropped by 37%. This decline in the stock market was one of the worst in history. Severe market corrections are not uncommon, especially in cryptocurrency!
How much of a drop-in value for your investments can you tolerate? Your tolerance of this risk is a function of when you need the money. This is your time horizon. Usually, the younger you are the less thought you give to fluctuations in the value of your investments. This is the volatility of an investment. You should align your investments with your time horizon.
How long are you going stay in an investment? Warren Buffett rarely sells a stock he owns and doesn’t get rattled by market fluctuations. This is generally known as a “buy-and-hold” strategy. There are extreme traders who buy and sell cryptocurrency daily. This is fine if you are a professional but is rarely a good strategy for the average investor. I am not saying that you need to hold an investment forever. Things change, and you should analyze your individual holdings on a set schedule to ensure they are still appropriate for your situation.
Some crypto-investment vehicles require sophisticated knowledge and monitoring. Others are more set it and forget it. Your individual investment decisions should be based on your comfort level and your willingness to devote time to researching your choices. An easy route is to choose a variety of cryptocurrencies. A diverse portfolio of BTC, ETH, LTC, and BCH. Crypto investors with more knowledge and experience might consider ICO’s. It is important that you understand what you do know and don’t know. You should never be talked into something that you don’t understand or are uncomfortable with.
There are times it will also go down, I’m saying this cause most of these investors I’m seeing here, especially newbies think that the price of Bitcoin will be going up only and not fall down, I want them to know they are wrong. And just like the op said, let’s learn to work smartly.
One example ia that,When you buy/sell via an exchange, try to use limit orders (try not to use market orders). On some exchanges, like GDAX, limit orders have lower fees than market orders. On GDAX, limit orders are free as long as they don’t fill immediately. Meanwhile, market orders result in a .3% fee, which is better than the 1.4% that Coinbase charges but not as good as 0%, especially if you are day trading. If your exchange rewards you for using certain order types, aim to use them.
You gave some decent suggestions and I agree with most of them.
In the initial stages of job or business , it is very important to control spending habits. Otherwise, a person will never be able to accumulate wealth. Most of the people spend money on buying things on EMI. For investing in crypto, most important thing required is patience.
In the initial stages of job or business , it is very important to control spending habits. Otherwise, a person will never be able to accumulate wealth. Most of the people spend money on buying things on EMI. For investing in crypto, most important thing required is patience.
If you invest in the crypto market you should be self-confident and wait for the necessary times as the waiting will give you more opportunities for you to have more wonderful and you should be confident....
Ensure you invest in project that has a working product, Do not invest base on space hype or ICO review, invest base on your knowledge and understanding about the project, and what they are out to offer in the cryptocurrency space that will ensure they are relevant to the space in order to get the best value for you investment
If you are a new comer here in the crypto market then I suggest you to experience and learn about your desired source so that you get able to handle it in any market situations. Start with fewer amounts as it is your first attempt which has its difficulties besides other so you will not feel any worry about your invested money and your full focus will be on your decisions and process. Risk can mean a lot of things. Investing in cryptocurrency means you have a risk of losing money. Your money invested can decrease in value, possibly to zero. ALL investing involves risk in one way or another. Stocks often can go down in value over periods of time, just like crypto. Do you remember what happened in 2008? The S&P 500 dropped by 37%. This decline in the stock market was one of the worst in history. Severe market corrections are not uncommon, especially in cryptocurrency!
Good article and this was my favorite part. I am tired of trying to explain to people that BTC is not the only volatile stuff in the market. Look at the price of vegetables, avocados, for instance.
Congrats on your article, thanks and +merit for you.
Thanks for your contribution.
Almost investors are amateur, they come to the crypto world to make some "easy money" without any experience in investing or knowledge about technical analysis. So something like overall strategy and plan is very strange to them. That's why most people get lost in the crypto market.
Thank you for this post, very imformative and well explained. Something that can be of help to anyone in the crypto industry not just the newbies. I agree the for some time investment was just for those who have money, but come crypto currency, Bitcoin to be exact, it opened the doors for everyone who wants to be in the investment world through various platforms, they can even earn tokens that can be converted to coins through some tasks and jobs that we can do on this forum. So now, even students, house wives, any race, gender and educational background as long as they can do and complete the tasks, they can earn some coins and be able to invest for their future.
Be patient, that is the key to your success in this market, if you do not succeed then you review your knowledge.
Patience. strategy and also experience is as a combination where we will be able to successfully invest in cryptocurrency because now without it all we will panic and loss
This will be very helpful because you can avoid some sort of mistakes when kind of networking with others. I prefer ICO investment right now, so I should ask will you invest this summer? What you personal projects choice? Have you heard about this project - https://medium.com/@kelvinchain/the-post-quantum-era-of-blockchain-todays-solutions-for-the-world-of-tomorrow-16bdd970f49a?
If you are serious about the cryptocurrency, you would not sell your tokens immediately, you would not participated in this bunch of stupid worthless airdrops, you would be looking your ways that would be the best.
Here everything is simple. If you have the desire and finances, then leave in the cry of the currency only the amount that the damage will be lost, and then calmly say that it was just an experiment and not to regret it. Everyone says about it and there is a fate of truth in this.
As for the money, here you can start with the smallest sums. The main thing here is to have a desire to work and to learn everything that is connected with the crypto.
Risk can mean a lot of things. Investing in cryptocurrency means you have a risk of losing money. Your money invested can decrease in value, possibly to zero. ALL investing involves risk in one way or another. Stocks often can go down in value over periods of time, just like crypto. Do you remember what happened in 2008? The S&P 500 dropped by 37%. This decline in the stock market was one of the worst in history. Severe market corrections are not uncommon, especially in cryptocurrency!
Good article and this was my favorite part. I am tired of trying to explain to people that BTC is not the only volatile stuff in the market. Look at the price of vegetables, avocados, for instance.
Congrats on your article, thanks and +merit for you.
Thanks for your contribution.
Advicing or gives some strategy to the traders and ofcoarse to the newbie who are needs advice to avoid mistake decision like buying not potential coin. Giving advice as soon as possible is very helpful. Because in my first time in cryptocurrency I lost all of my savings and after save money again and started and getting some advice and strategy I earned money now.
Thanks for sharing the advice, I did find some of them useful. Yeah investing in crypto can be very risky sometimes. It is possible that you become rich overnight, but it is also possible that you lose a lot money overnight. It is highly volatile, also trading is always open, which is different from stock market. So we need to be very careful when investing in crypto.
It has a high risk for you to invest in cryptocurrency but it is best for you if you do some research first to verify the information that you will see in the internet. Investing in cryptocurrency is just like investing in stock market that if you are a really conservative investor then you will rely on both fundamental and technical analysis.
Thanks for sharing the advice, I did find some of them useful. Yeah investing in crypto can be very risky sometimes. It is possible that you become rich overnight, but it is also possible that you lose a lot money overnight. It is highly volatile, also trading is always open, which is different from stock market. So we need to be very careful when investing in crypto.
Yes, for some strange reason 90% of guys which are about to enter here in cryptocurrencies world are having the wrong attitude and wrong motives about it. Usually those who are waiting to get rich fast and easy get discouraged and go away very soon.
in crypto, we can become rich and poor in a short time. This depends on us entering the crypto market. whether we have equipped ourselves with enough knowledge to start investing.
In crypto investing always look for the right place to put on your money and give it a research in everything you do, It will give you insights and the possibilities to have profit.
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