Topic: My Advice on Investing in Crypto - page 5. (Read 3293 times)
It's always good and the best choice to invest in cryptocurrency. You need to be a learner and read on each currency you might want to trade with before you lose. Don't be in hurry to invest but take time to read before proceeding.
Digital forms of money claim to everybody not exclusively to those that don't have cash, now an ever increasing number of institutional speculators are putting their cash in bitcoin and this isn't generally amazing they can get more benefits in bitcoin in a solitary year than what they will get in numerous years or even a very long time in the conventional markets so bitcoin as should be obvious not just interests to those that don't have a considerable measure of cash yet to the individuals who are rich also.
Institutional investors are common for any market and we must welcome them because the impact they might create will be big and making use of these investors are up to individuals. As bitcoin is still in its early stage, we never need to compete against those big whales, we may go for encashing at our own pace.Still, the main rule of investment is diversification. Putting all your eggs in one basket is one thing I am sure a lot of us have heard about how bad it really can be as well as the risk involved since you will have to end up limiting the risk and in the case of a huge drop, you end up screwing up all your investment. Also, it is necessary to always study where you are putting your money and be rest assured you are making the right decision most of the time.
To start with cryptocurrency investment, you should know more about the type of crypto you wish to invest into. Get to read more about the it and develop a firm stand to that investment.
the most important advice when going to invest in cryptocurrency you should be able to be more patient and be able to control the patience you have because if you are easily affected by bad news then you will get a loss.
Yes you are right, being patient right now is more important rather than having a strategy since the market is volatile and you will never determine when the market pirce is going to pump up again.
Indeed, if we dont have good technical analysis, better not trading at this moment. Market movement very high and its more safe for me to hold my crypto for long term. I am believe market will recover again and market cap reach trillion dollar
Before we put money in crypto, the most important thing to do is to understand risk, as we know that crypto investment is like a roller coaster so prices rise and fall can reach hundreds of percent per day, if we are not ready to lose then we will be easy to panic.
True indeed, it seems a lot of people have a lot more skin in the game than they should and therefore panic arises very quickly. Someone who is aware of the risks would never invest more than 20% of net wealth in a volatile market. Many people are in head over heels though and only have 20% reserves or less.
Cryptocurrency investment is a lot mo risky that any other investment such as insurance, bank investment and etc. An investor must have a lot of patience and good strategy for him to be able to survive and deal with the crypto world.
Before we put money in crypto, the most important thing to do is to understand risk, as we know that crypto investment is like a roller coaster so prices rise and fall can reach hundreds of percent per day, if we are not ready to lose then we will be easy to panic.
True indeed, it seems a lot of people have a lot more skin in the game than they should and therefore panic arises very quickly. Someone who is aware of the risks would never invest more than 20% of net wealth in a volatile market. Many people are in head over heels though and only have 20% reserves or less.
the most important advice when going to invest in cryptocurrency you should be able to be more patient and be able to control the patience you have because if you are easily affected by bad news then you will get a loss.
Yes you are right, being patient right now is more important rather than having a strategy since the market is volatile and you will never determine when the market pirce is going to pump up again.
Investing our money in cryptocurrency is profitable as long we can hold it. If we want to make short investment, we should have knowledge about technical analysis but i am prefer to holding and treat it as long term investment.
Investing in cryptocurrency is great idea cause it give you profit. It is profitable as long as you have knowledge in cryptocurrency and patience to wait, it is better to invest in long term investment cause it gives you more benefits and opportunity to earn more profitable income in your investment.
This is a great post, well explained and easy to understand information about investing in Crypto currency, thank you. I appreciate the fact that it clearly states that contrary to the public belief, Crypto currency is not a quick money scheme. It takes time and it will require effort and patience from you, meaning you will put some effort, time and hard work on it, just like any other job there is. I also appreciated the advises since those are really necessary and helpful for those newbies to be able to be successful in this industry. At the end of the day, we are the ones who will help each other and build our successful and happy community.
A very good explanation of crypto investment. Investing in crypto is very interesting, but it must always be taken carefully. Because investment-related ones have a very large risk, you must master it first.
Caution and attentiveness constantly. Ten times measure, cut once. You should never rush to make a bet.
Crypto investment is a very risky type, I suggest to rethink if you want to put all the money, and most importantly, always be patient because the future of cryptocurrencies will be bright.
yes not all the time we can gain good profit, most of the time the market is down so we really need to learn when is the right time to make investments and when to hold tight.
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.
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.
A decent point without a doubt. Contributing will dependably chance and that is an ordinary thing in Bitcoin as well as to a large portion of the cryptos. From that,buy-and-hold idea has been finished by the clients and speculators from that point forward. Individuals are as yet not that knowleadgeable when it goes ahead cryptos particularly on putting into it which is prudent so things will be as of now acquainted with befofe drawing in into it.
Crypto investment is a very risky type, I suggest to rethink if you want to put all the money, and most importantly, always be patient because the future of cryptocurrencies will be bright.
the most important advice when going to invest in cryptocurrency you should be able to be more patient and be able to control the patience you have because if you are easily affected by bad news then you will get a loss.
That's exactly what you say, because in investing and trading in the crypto world that must be prioritized is a great sense of patience. because not always does the coin experience continuous increase, with us having a great sense of patience. then if there is a very drastic decline in the price of coins, then we don't panic until we don't sell the coins you have 
if you are a super beginner, then the best advice is to join groups who trades. This way you can easily ask the group what to do, and most groups advices what to buy and sell. If you are using telegram, there are a lot of groups there that you can join for trading. My advice in investment is that you should be ready in losing your investment as the cryptomarket is very harsh. Its highly recommended too that you should go for the long term investment rather than short term.
The problem in trading groups is eventually it becomes a toxic group. I've been in a trading group before. At first the ones who are earning the most are actually sharing insights and experiences about trading. You can learn a lot from them. And IDK why but they seem to be giving teaching other people a lot of time. Months have passed and these people were able to buy a coin at a really low price. That specific coin, they have millions or hundreds of thousands of that.Since then, whenever there's someone new in the group, they just tell them to buy that specific coin. It has become toxic. The trading advise that you can get from them now is just so that you're going to buy the coin that they have so much of. Their coin managed to go to the top market cap and now, they are conducting seminars about the coin. They make people who have zero knowledge about crypto buy the coin. It's like a new HYIP but in the form of a crypto coin. And of course, now that they have accumulated enough volume, they already have dumped the coin.
I never really see myself trusting trading verdicts again after witnessing all this. Oh, and what do they do to the people who try to expose them in the chat room? They kick them out. So pretty much their chat room is consist of people who are their victims, those who just watched the whole thing unfold and not mention a thing, and those that are holding the coins as well.
My advice in investing in crypto is to not rely to anyone. Only rely on a friend but always do your own research about whatever he's telling you. Not only does this allow you to make sure of the information given to you, but it also allows you to dig deeper about the subject.
Learn and study crypto first, read about it here in the forum. Invest when you are ready and invest only what u afford to loOse.
I have to say that bitcoin investment is risky, if we are not prepared with risk then never buy bitcoin, you will be surprised to see a very volatile value so that if you are not ready you will regret it.
Yes, we really need to study and do some more research so that we can be able to avoid losing huge funds. There are always a risk in buying but it will also give us huge profit.
I have to say that bitcoin investment is risky, if we are not prepared with risk then never buy bitcoin, you will be surprised to see a very volatile value so that if you are not ready you will regret it.
To invest in this market, you should learn how to protect your wallet first because this is very important. Then you can learn how to trade in this market.
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