Topic: My Advice on Investing in Crypto - page 9. (Read 3277 times)
Very open our perspective all the smallest information will be very useful for newbies. And I believe it will make a positive influence on the lives of the bounties.
What we have to understand is that crypto investment is very risky, I always recommend wisely placing money on crypto, even though there are many success stories from Crypto but the other side of things is that we cannot ignore it.
This is really a helpful thing when some advice can help an individual to have some insights in investing and how to manage their profits and gains, some people are looking for some good advices but the truth is that, the best lessons will come after the failure you will going to and it will teach you some lessons that you can use in your future references.
thank you, there are quite a few different opinions, but the general rules of learning from the people who share you are quite attractive, i believe the way you are the best
I will do some advice that you give because its very important to know the investment in crypto . Im so glad that many crypto-enthusiast are keep sharing about the good purpose of cryptocurencies . Crypto for me is important because this is my financial profit , and i want to collect more coins that i think are good for investing.
the most important thing in investing in crypto is, buy and hold. because crypto fluctuations do not allow us to get profit quickly and stably. patience in waiting for prices to rise higher becomes very important.
When I got into crypto, I have to admit, I lost some money in trading and investing since while I do know what I'm getting into, I was not prepared emotionally. When I see my coins going down, I panicked and sold low. Only to know see that prices went up. So we have to be prepared mentally also when getting into crypto.
Crypto is the future of the world transaction system so that crypto investment will now make our future better, but it must be understood that crypto investments are full of risks so we must be wise in crypto investments.
That's right mate, we need to be wise enough before we decide to join crypto investment. Because crypto investment are having lots of processing procedures that needs to fully undestand in order that all the risk of investment we face along the way will be address better and properly handled.
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.
investing on crypto was so excited, because its possible to help you on you financially not only financially it maybe help you if how you can reach your goals though this kind of job 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 best advice you can get is Do your own research! 
Mehdi
Mehdi
I can only agree with you. Some guys are so lazy that they just do not even think which of the crypto and why they want to choose. After such a choice they lose.
Indeed, we are investing our money in crypto market because we want to maintain our wealth from inflation. Most cryptocurrency can survive from inflation and most of it price always increasing. Different with fiat money, purchasing power on fiat money always decreasing because inflation and central banks always print paper money
must be careful to buy BTC it should not be rushed because the price is now very high and has a very long period to come back down but if the rich are not a problem because a few million losses are not a problem
Crypto is the future of the world transaction system so that crypto investment will now make our future better, but it must be understood that crypto investments are full of risks so we must be wise in crypto investments.
I think 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
At the beginning of the year, I listened to the advice of respected bloggers and bought altcoins. Now they are depreciated.
This is good explanation and could really be helpful for all bitcoin users, just continue to research and have more knowledge before investing in any project.
Right before we start to invest we need knowledge about in cryptocurrency cause it help us to know how it works in the market on how we get more profit in our investment. If we join in one project we need some research if this project is profitable and helpful to us.
Investing in cryptocurrency is a great decision to make because of its promising future.You will also be a key part of technological innovation.
I am a newcomer to this market so I do not have much advice for you. I can only tell you to be more intelligent to make the right decisions when the market goes down. Persistence is not good for every situation.
The best advice you can get is Do your own research!
Mehdi
Probably an even better advice right now is to not bother and to not invest in altcoins right now, I know the temptation to make a lot of money is there and believe me I can feel it too but since almost everyone that invest in altcoins and icos losses money then what it is the point of investing in something that will make you lose money in the short term.Mehdi
Yeah, the cryptocurrencies price are unstable and the best thing to do is to monitor and keep our faith that cryptos will rise again very soon. And also always follow ourselves not the the others advice.
The best advice you can get is Do your own research!
Mehdi
Probably an even better advice right now is to not bother and to not invest in altcoins right now, I know the temptation to make a lot of money is there and believe me I can feel it too but since almost everyone that invest in altcoins and icos losses money then what it is the point of investing in something that will make you lose money in the short term.Mehdi
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