Topic: My Advice on Investing in Crypto - page 15. (Read 3296 times)

I also have no words to recommend you sincerely, but the most important thing you should have is patience, if patience holds you will profit from your pennies.

My %100 advice to people who will start new is to "earn" as much crypto as possible. Yes you can invest in it too but do whatever you can do, do logos, write code, share digital stuff sell products. Whatever you are capable of doing, do that and "earn" as much crypto as possible and with that you will be amongst the users who talk about big amounts.

If you want to just invest your money will dry up eventually, you can't invest forever. However you can work as much as you can, your talents won't run out.

Investing in crypto is the best because it brings you a big profits. That the other stablishment can't give you but it is also a risk. Try to put what you can afford to lose.

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.  

Only thing I know that we need to invest the money we do not need. I do not believe day trading.

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

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.  

Information is the key for any good investment, and BitcoinTalk is a good way to gather that information, even earning the first satoshis to start those investments going like bounties, signatures, what to mine or what and when to trade. Its all about information the more you have the more accurate your decision/investments will be.

Be patient, that is the key to your success in this market, if you do not succeed then you review your knowledge.

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.  

This is a very good explanation on crypto investing. Investing in crypto is very exciting, but should always be taken with caution. Crypto investments are highly volatile, which means one can make big gains and big losses. But what’s even more exciting than financial gain is the technology development. Blockchain is unleashing massive innovation, and the entire World is participating in this excitement. No one knows for sure what company will thrive in the future, but if you find a company with the right team and the right technology, then you are on right track to identifying a  good crypto investment.