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.
understand risk and prepare our mental psychology is an obligation for all investor.so they strong to face bloody market especially while fud come to market and try to make people being panic. 
Topic: My Advice on Investing in Crypto - page 6. (Read 3296 times)
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.
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 is more important rather than having a strategy because the market price is based on supply and demand.
thank for your advice,in order to invest in this market you need to understand its nature before investing. This will give you confidence and perseverance when the market goes down.
There are more advising and guide in investing crypto but the one of the important is to know more about the crypto and the project of this . Every crypto are different uses and purposes in the market so if you think that you want coin is have potential to grow just buy it. Hold in your wallet and waiting for the biggest profit. Risks is always there so be careful dont panic , watch carefully by time to time if you think you got a profit just sell it and find another.
In investing crypto you must have insight first so that you can find out what you will do for the future. Without knowledge at all about the crypto world we will find it difficult to move forward and get the benefits we want. In investing you should not be afraid to take risks, because people who have chosen to invest in the crypto world must definitely be prepared with high risk.
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.
Nice Post and very good explanation. I'm a beginner in crypto and yes investment is risky so I join bounty campaign to earn free token. Earn, hold and sell at right time the value of coin increase is the strategy I'll do, for me as beginner.
I think at the time, you should invest heavily in Bitcoin, as they tend to go up a lot. If you know when the value will increase, they will bring you a lot of profit from it.
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.
Well yes patience is the key to success on the cryptocurrency investment. However, it is not only patience that become a highlight in order for one to be successful on bitcoin investment since you need also to have a good knowledge in technicalities on trading and other aspects of bitcoin investment technicals.
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.
Be prepared to invest in the cryptocurrency market. That is a good signal, perhaps when you feel ready and learn the full market. A plus point for your investment.
Is there any advice for those who have lost a few Bitcoin's profits from recent days? It is regrettable to expect the control of the 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.
I just like the way you defined investment and differentiating it from gambling. Some people are fond of saying that investment (especially in cryptocurrency) is same thing as gambling lol, and my friends do say that too. But all I believe is that investment is what it is and has nothing at all to do with gambling, they are totally different. BTW… your advice is a very good one and I can say that it made impact and increased my knowledge in this. Thanks! 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.
In order to invest, ensure you have strategically position your investments portfolio base on your financial status, do not research after investing, ensure you research before investing,also I tends to spread my investment portfolio, Never be scared to take risk but ensure it is a well calculated one.
First of all, understand the nature of the market. Then balance your finances and start planning to invest. Need to learn who succeeds to succeed faster.
In order to invest, ensure you have strategically position your investments portfolio base on your financial status, do not research after investing, ensure you research before investing,also I tends to spread my investment portfolio, Never be scared to take risk but ensure it is a well calculated one.
Investing in cryptocurrency is a mechanism for building wealth, but it is not only for the wealthy. This is why our community is growing.
This the most interesting part! It is a mechanism cause this is an early
stage. Who pick good projects to invest now will have a lot of benefits
from that in the future.
We speak about wealth, but not everyone see the future where we will be
able to use this coins and tokens, not cashing them, we will be able to buy
and pay for everything we need. When you invest in crypto-currencies try to
plan to hold most if it for future.
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.
While I am young I do not care if I spend, say, $100 for entertainment and bad habbits. Though these $100 transform into $1,200 a year and $12,000 per 10 years - and that's the price of a nice new car, which I might have bought without a bank loan.
Definitely, one should pay attention to such small details since they make up our lives.
To further add to your awesome contribution. Investors in addition to having great foresight also needs patience, lot of it. Most time, profits don't come early enough but with patience, returns would definitely come.
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. 
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