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.
Topic: NEWS FLASH! 10 most important Crypto guide in 2019 and beyond... - page 2. (Read 432 times)
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9) Avoid pyramid schemes, cloud mining, MLM, “earn interests” schemes, and ponzi schemes such as Bitconnect.
This is one of the most common problems that many newbies can get into when they enter the cryptocurrency space. Many think that just because a program is using bitcoin (or any coin for that matter) it is already legitimate only to realize later that they are actually victims of a big scam -- well just like the Bitconnect project (which is coming back by the way). The best thing to do is never jump into the sea without first knowing what you are jumping into.
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?
HeyheyYou have a newbie account and you give advice to crypto traders.What makes you an authority?
Have you ever traded crypto?
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
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?
You have a newbie account and you give advice to crypto traders.What makes you an authority?
Have you ever traded crypto?
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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.
Most people believe what they hear or read about crypto qithout wven verifying if it is legitimate or not. You should seek for other sources to confirm what you read or hear, or else you will be easily driven by hype or FOMO. Make your own research.
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7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT
Agree, most people panic or rejoice whenever bitcoin price rise or fall. As long as you are not selling you do not incurr losses nor realize gain.
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.
i can't tell if you also mean it this way but "diversification" is always misinterpreted here as to invest also in altcions but that is NOT diversification because altcoins fall each time bitcoin rises or falls so you gain no benefit not to mention that their rises are never bigger than bitcoin in long term.Quote
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).
i disagree with percentages because they should be different for different people based on their lifestyle and risk taking attitude.Quote
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.
this is only true if you are in bitcoin.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.
but when you enter the cryptocurrency market things become different. altcoins are pump and dumps and only profit you can get out is the short term gain.
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7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.
very true for altcoins since they have no usages but bitcoin is already accepted in a lot of places (and growing) as payment
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.
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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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.
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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See it in action here liq.biz/mark
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