NEWS FLASH! 10 most important Crypto guide in 2019 and beyond...

bhabygrim

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Quote from: DJ99 on May 31, 2019, 09:56:22 PM

1) Diversify your portfolio if you are unsure of what you’re doing, then narrow down your portfolio if you know what you’re doing.

2) Surround yourself with crypto people, do not recruit your friends into investing in crypto.

3) Invest 10–20% of your income after tax in crypto (since most of you, don’t know what “invest what you can afford to lose” means).

4) Think long-term profits, not short-term gains.

5) Always do your own research. Manipulation, hype, pump and dump, fraud, scam, hacking, and stealing, are common here in this space, and can sometimes lead people to financial loss.

6) Keep your day job despite reaching your financial goal in crypto, so you are not emotionally dependent on your crypto profits as a source of income.

7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.

Cool

Read, and read, every day, do not underestimate the power of reading. Learn something new about blockchain and cryptocurrencies every day.

9) Avoid pyramid schemes, cloud mining, MLM, “earn interests” schemes and ponzi schemes such as Bitconnect.

10) Be responsible with your newfound wealth, don’t be reckless, you may experience a state of euphoria when your portfolio reached triple gains.

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It is nice topic and great guide I agree on your 10 crypto guides and it is very important to always remember it.
But I just hope you didn't make those great topic just to shill the training workshop I don't really think that people would actually believe in those kind of workshop.
It is better to enhance your own on your own way by experiencing and learning from it .
And besides there isn't really a guarantee that their words could really make it ,
If that is how things work then it would just be easy to gain profit we wouldn't need to invest too much.

Slow death

legendary

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Quote from: DJ99 on May 31, 2019, 09:56:22 PM

1) Diversify your portfolio if you are unsure of what you’re doing, then narrow down your portfolio if you know what you’re doing.

This reminds me of people who bought many altcoins 2 years ago and did not sell all the coins. In this market, people need to have a lot of common sense.

Quote from: DJ99 on May 31, 2019, 09:56:22 PM

2) Surround yourself with crypto people, do not recruit your friends into investing in crypto.

It depends on your friend's abilities. For example if your friend was a big investor or trade, it sure would be a good idea "to recruit" him

Quote from: DJ99 on May 31, 2019, 09:56:22 PM

3) Invest 10–20% of your income after tax in crypto (since most of you, don’t know what “invest what you can afford to lose” means).

greed blind people

Quote from: DJ99 on May 31, 2019, 09:56:22 PM

4) Think long-term profits, not short-term gains.

if the person has good knowledge, then he will make a profit in both long-term and short-term

Quote from: DJ99 on May 31, 2019, 09:56:22 PM

5) Always do your own research. Manipulation, hype, pump and dump, fraud, scam, hacking, and stealing, are common here in this space, and can sometimes lead people to financial loss.

I agree

Vinalians

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Quote from: DJ99 on May 31, 2019, 09:56:22 PM

4) Think long-term profits, not short-term gains.

7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.

These should be put in our mindset always when we are trading or involving our money in the cryptocurrency there are so many things that can happen in just a day so you should always not consider the cash that you've put in your portfolio unless you sell it.
Long term is still the best investment but always do proper research to gain a lot of profit in doing this kind of strategy.

stadus

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The thread title (NEWS FLASH!) is just hilarious, it so catchy and I was thinking its something that I don't know yet, but it wasn't.

DJ99

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Thanks for all the replies both positive and negative. I am happy most of you found this information valuable

legenduim

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I like the advice #7 very much. Really, people take cryptocurrencies like money very often. This stuff becomes the reason of selling crypto during its fall. As a result, the losses happen. And thank you for the other statements as well.

Pom_bensin

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Quote from: mk4 on June 01, 2019, 03:14:18 AM

Quote from: Naida_BR on June 01, 2019, 02:31:15 AM

I agree with all of them apart from the first one.
In my opinion, if someone doesn't know what he does he should better choose to invest in bitcoin rather than diversifying in many cryptocurrencies that they don't understand their technology.

Because proper diversification isn't throwing money to shitcoins. Proper diversification is putting money on other non-crypto assets and businesses instead. Putting money on other cryptocurrencies with higher chances of failure is actually making your portfolio worse.

I have to be more careful in placing opportunities for crypro, so I suggest to keep on being crypto who has high potential and invest in coins that are truly tested in the public.

Om.monata

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Quote from: Genemind on June 01, 2019, 01:54:36 AM

I agree with all of the strategies and advice that you have shared despite being a beginner.
We should keep these things in mind so our expectations won't exceed beyond the reality of investing.
Also, it's not always as profitable as we want so we should know how to deal with the market changes.

some of the points described above should indeed be done, it aims to create a portfolio that provides large profits. so maybe this can be used as one of the benefits to continue sharing about investment tips in bitcoin.

Fred3030

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Some solid points to note from these rules dropped by the author. To add to these points listed above, I will also advise those intending to invest in Btc or want to trade Btc to always share the allocated funds into atleast three portions and enter into the market at various position. Another is take of emotion when you are dealing with crypto in which bitcoin is one.

samcrypto

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Quote from: DJ99 on May 31, 2019, 09:56:22 PM

1) Diversify your portfolio if you are unsure of what you’re doing, then narrow down your portfolio if you know what you’re doing.

2) Surround yourself with crypto people, do not recruit your friends into investing in crypto.

3) Invest 10–20% of your income after tax in crypto (since most of you, don’t know what “invest what you can afford to lose” means).

4) Think long-term profits, not short-term gains.

5) Always do your own research. Manipulation, hype, pump and dump, fraud, scam, hacking, and stealing, are common here in this space, and can sometimes lead people to financial loss.

6) Keep your day job despite reaching your financial goal in crypto, so you are not emotionally dependent on your crypto profits as a source of income.

7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.

Cool

Read, and read, every day, do not underestimate the power of reading. Learn something new about blockchain and cryptocurrencies every day.

9) Avoid pyramid schemes, cloud mining, MLM, “earn interests” schemes, and ponzi schemes such as Bitconnect.

10) Be responsible with your newfound wealth, don’t be reckless, you may experience a state of euphoria when your portfolio reached triple gains.

A good summary for the things that every newbies should learn for, its so easy to understand and I hope more newbies will become successful in the future. Diversified investment on cryptos is good, but invest the available money that you have its ok if its below 10-20% or even higher, its really up to your cash buffer. I do suggest to have fix investment monthly and you can have a good return in the long term of investing.

creeps

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Quote from: mk4 on June 01, 2019, 03:14:18 AM

Quote from: Naida_BR on June 01, 2019, 02:31:15 AM

I agree with all of them apart from the first one.
In my opinion, if someone doesn't know what he does he should better choose to invest in bitcoin rather than diversifying in many cryptocurrencies that they don't understand their technology.

Because proper diversification isn't throwing money to shitcoins. Proper diversification is putting money on other non-crypto assets and businesses instead. Putting money on other cryptocurrencies with higher chances of failure is actually making your portfolio worse.

That's right, diversification doesn't mean you invest with another coin it can really be a good business, a stock market or even having a good life insurance that's the best diversification. Everything on the list is good, you just need a proper execution because no matter how you plan, but if you don't stick with it then its useless and you portfolio might be filled up by many shitcoins.

waynechong1995

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swing!

Emotionally attached to cryptocurrency is seriously a killer, you can't maintain your position, goals over the running charts and distractions, you might think hey i found a new promising ICO! should i exit my position and turn that up, when you are losing, funds are locked you are in deep water and struggle to explore flips, gambling, marginal tradings and you might just lose everything over a single hour. Daily is a must unless you have a steady passive income. You can't win against the market, you can't just get ATH and chase to the end, that's what i learned after the 2017 fall

traderethereum

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I agree with this:

Quote

IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.

Because if we still hold the crypto, we cannot take the profit even if the price of the coin has increased so high.
So don't forget to sell your coins when it increases and you can get your profit in fiat, and it's ready to send to your bank account.
But remember, don't invest with the money you cannot afford because you never know how long you will get the profit from crypto.

bitmover

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Quote from: mk4 on June 01, 2019, 03:14:18 AM

Quote from: Naida_BR on June 01, 2019, 02:31:15 AM

I agree with all of them apart from the first one.
In my opinion, if someone doesn't know what he does he should better choose to invest in bitcoin rather than diversifying in many cryptocurrencies that they don't understand their technology.

Because proper diversification isn't throwing money to shitcoins. Proper diversification is putting money on other non-crypto assets and businesses instead. Putting money on other cryptocurrencies with higher chances of failure is actually making your portfolio worse.

Exactly. Usually all shitcoins lose value compared to Bitcoin in long term. There are very few coins which you can really accumulate more BTC buying them, and only if you sell in the correct time (which usually is a small window)

It's much safer to just stick to btc and tradicional investments

mk4

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Quote from: Naida_BR on June 01, 2019, 02:31:15 AM

I agree with all of them apart from the first one.
In my opinion, if someone doesn't know what he does he should better choose to invest in bitcoin rather than diversifying in many cryptocurrencies that they don't understand their technology.

Because proper diversification isn't throwing money to shitcoins. Proper diversification is putting money on other non-crypto assets and businesses instead. Putting money on other cryptocurrencies with higher chances of failure is actually making your portfolio worse.

xvids

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Quote from: Astvile on June 01, 2019, 12:56:54 AM

Quote from: davis196 on June 01, 2019, 12:47:28 AM

This topic belongs to the Trading Discussion forum.
You have a newbie account and you give advice to crypto traders.What makes you an authority?
Have you ever traded crypto?

Heyhey
For your information having a an older and higher rank account here doesnt make you above those who has newbie accounts.
What if a very good trader is not using this forum or doesnt have an account on this forum and he accidentaly cross with this forum?You cant tell wether if this guy is a good trader or bad but base on his advice its mostly on point.
So dont judge people here base on ranks

I agree with you don't judge a person because of their rank OP is just giving out his/her investment advice .
And why should OP move this thread to Trading Discussion if it is all about investment not trading?
You've made your mistake and that just proves that not all of the high rank knows more than a newbie.
So don't look down on newbie since they could know more than some of the high ranks in this forum.

batang_bitcoin

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Don't also be shy to ask if there's something that boggles your mind about what you've found out with crypto. All of those reminders are correct and it should be remembered by everyone mostly by the newbies who are just starting out their crypto journey. It's okay to think of short term profits because not everyone can avail to hold for a very long time. There are people that are bound and okay with long term profits but you just can't conclude that everyone should stick with that plan.

BL46K 7193R

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Yes, I think I agree with you about anything else. Hope this investment advice will be effective for everyone. And all of us should think well before investing in Bitcoin or any other cryptocurrency and invest in it. I think these suggestions will work well. And this advice will be especially useful for newbies.

Naida_BR

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Quote from: DJ99 on May 31, 2019, 09:56:22 PM

1) Diversify your portfolio if you are unsure of what you’re doing, then narrow down your portfolio if you know what you’re doing.

2) Surround yourself with crypto people, do not recruit your friends into investing in crypto.

3) Invest 10–20% of your income after tax in crypto (since most of you, don’t know what “invest what you can afford to lose” means).

4) Think long-term profits, not short-term gains.

5) Always do your own research. Manipulation, hype, pump and dump, fraud, scam, hacking, and stealing, are common here in this space, and can sometimes lead people to financial loss.

6) Keep your day job despite reaching your financial goal in crypto, so you are not emotionally dependent on your crypto profits as a source of income.

7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.

Cool

Read, and read, every day, do not underestimate the power of reading. Learn something new about blockchain and cryptocurrencies every day.

9) Avoid pyramid schemes, cloud mining, MLM, “earn interests” schemes, and ponzi schemes such as Bitconnect.

10) Be responsible with your newfound wealth, don’t be reckless, you may experience a state of euphoria when your portfolio reached triple gains.

I agree with all of them apart from the first one.
In my opinion, if someone doesn't know what he does he should better choose to invest in bitcoin rather than diversifying in many cryptocurrencies that they don't understand their technology.

BeManga

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CryptoDirectories.com

Quote from: davis196 on June 01, 2019, 12:47:28 AM

This topic belongs to the Trading Discussion forum.
You have a newbie account and you give advice to crypto traders.What makes you an authority?
Have you ever traded crypto?

in my opinion the point of the topic is what you need to look not the rank of the member
based on the post he also have more than a year experience in crypto
no newbie will know the thing you need to avoid in bitcoin as long as you didnt experience it

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