More than anything when someone wants to invest on crypto have to make sure that the capital they are going to invest is completely affordable for them to lost at any cost and it is not from loan or someone's money.
Crypto space is filled with scams so anyone wants to enter need to know what are the methods used by the scammers to steal people's money.
Topic: Own Diligence is recommendable before engange in any Crypto investment (Read 225 times)
March 05, 2020, 07:52:02 AM
March 05, 2020, 02:52:33 AM
What can be taken care Off Before Engage in an Investment Before ?
For being included in the world of cryptocurrency it takes a lot of time and knowledge before we understand the whole mechanics and process how to make earnings and profit. As an investor in trading, we must need to focus on the knowledge and experience that can use and adopt by the help on our environment, we can ask other people to get more information about the things we need but always take care because some of them have an intention to scam or phishing you can exchange a lot of ideas but not for money transaction.
March 04, 2020, 01:19:13 AM
What can be taken care Off Before Engage in an Investment Before ?
March 04, 2020, 12:29:21 AM
What can be taken care Off Before Engage in an Investment Before ?
Choose what your target investment is. If you want to invest in crypto, you need to research the information about crypto, especially for the coin you want to buy as the investment. Prepare some money to buy the coins, determine what price you want to buy, place an order in the exchange, but before you do this, you should deposit that money to exchange. If you're going to invest in bitcoin, make sure you can gather any information, and you don't have to get shocked if somehow bitcoin price get down because that is what we will see in every day.
Make sure you know which exchange you want to use to buy bitcoin, so you don't have to register in all exchanges. After you have the coin, you can send it into another wallet, don't keep it in the exchange if you want to hold for a long time. Last but not least, decide how long you want to hold the coin, so you know when the time to sell the coin.
March 03, 2020, 11:27:21 PM
Research before investing. That's a due diligence before deciding to do some crypto investments. Not all have a proper knowedge that put them unsuccessful at the end.
Putting also your goal is also one of the significant thing in investing.Also, always set a target profit to do some success crypto investments. Believe me, your enemy is your own self and own emotions. Gather all the knowledge and tools on how to secure your investments, how to get safe profits, etc. Remember, it isn't easy so it is your part to be responsible on your own decisions.
Putting also your goal is also one of the significant thing in investing.Also, always set a target profit to do some success crypto investments. Believe me, your enemy is your own self and own emotions. Gather all the knowledge and tools on how to secure your investments, how to get safe profits, etc. Remember, it isn't easy so it is your part to be responsible on your own decisions.
March 03, 2020, 07:58:22 PM
Research, I'm sure I might sound like a broken record here, but if you don't DYOR and just listens to shills in this community or other crypto related social media outlet, you will be more confused in the end specially if the token they shilled became successful or didn't take off.
At least by doing your own research, you will know if the project has what it takes to be successful and it might help you to study other projects that you are interested, compare the pros/cons, in short you will be a better investors than 99%.
At least by doing your own research, you will know if the project has what it takes to be successful and it might help you to study other projects that you are interested, compare the pros/cons, in short you will be a better investors than 99%.
March 03, 2020, 05:19:12 PM
Talking on telegram is a very risky thing before going and doing anything, I kinda understand why everyone would want to hear about what others have to say about a currency but at the same time if you go to any coins telegram, you will either see people who love it and say millions of amazing things, or you will see absolutely nothing else because admins would delete messages that says bad things about the coin and also bans them so at the end of the day, you will not get too much information there.
Of course I would highly suggest everyone to make your own research by reading the whitepaper, if the people at the helm lie to you and do not follow the white paper then there is nothing you can do but at least know what their directions are, without that you are investing without knowing what is ahead.
Own knowlegde is better but make sure you put an effort to have research about the right to invest because doing this is really risky because you can experience to loses your money. Also when you invest you muct know the risk you can encounter because if you want to get huge profit then the risk is also higher but I think its better to put small amount than putting it all in an investment.Of course I would highly suggest everyone to make your own research by reading the whitepaper, if the people at the helm lie to you and do not follow the white paper then there is nothing you can do but at least know what their directions are, without that you are investing without knowing what is ahead.
Just be still on trial and error side and if you do able to spot out on how thing goes on then thats the time you would consider on
having some expansion like adding up your capital or something.Risk management is a must and learn up everything along the way.
Dont give up when you face up losses but rather learn from it because experience wont be gain if you dont accept these challenges.
March 03, 2020, 05:05:57 PM
Talking on telegram is a very risky thing before going and doing anything, I kinda understand why everyone would want to hear about what others have to say about a currency but at the same time if you go to any coins telegram, you will either see people who love it and say millions of amazing things, or you will see absolutely nothing else because admins would delete messages that says bad things about the coin and also bans them so at the end of the day, you will not get too much information there.
Of course I would highly suggest everyone to make your own research by reading the whitepaper, if the people at the helm lie to you and do not follow the white paper then there is nothing you can do but at least know what their directions are, without that you are investing without knowing what is ahead.
Own knowlegde is better but make sure you put an effort to have research about the right to invest because doing this is really risky because you can experience to loses your money. Also when you invest you muct know the risk you can encounter because if you want to get huge profit then the risk is also higher but I think its better to put small amount than putting it all in an investment. Of course I would highly suggest everyone to make your own research by reading the whitepaper, if the people at the helm lie to you and do not follow the white paper then there is nothing you can do but at least know what their directions are, without that you are investing without knowing what is ahead.
February 15, 2020, 08:52:54 PM
Talking on telegram is a very risky thing before going and doing anything, I kinda understand why everyone would want to hear about what others have to say about a currency but at the same time if you go to any coins telegram, you will either see people who love it and say millions of amazing things, or you will see absolutely nothing else because admins would delete messages that says bad things about the coin and also bans them so at the end of the day, you will not get too much information there.
Of course I would highly suggest everyone to make your own research by reading the whitepaper, if the people at the helm lie to you and do not follow the white paper then there is nothing you can do but at least know what their directions are, without that you are investing without knowing what is ahead.
Of course I would highly suggest everyone to make your own research by reading the whitepaper, if the people at the helm lie to you and do not follow the white paper then there is nothing you can do but at least know what their directions are, without that you are investing without knowing what is ahead.
February 15, 2020, 06:05:58 PM
What can be taken care Off Before Engage in an Investment Before ?
Well, many things should be put into consideration before engage into making investment with any project because, doing so have given you one right step in a right direction. We have seen many investors with laziness of even making any attempt to get information about a particular project they intends to invest with but rather, invest into scam projects with negative rantings. Many of these scammers always have a platform that's too true to be true when research into their services but the lazy investors will still fall prey to their tactics.
February 15, 2020, 05:50:22 PM
There a lot ICO who offering can solved a problem at "Real Live".
A simple due diligence from me, went you doing some DD and the problem on the real live not really need cryptocurrency to solved their problem then dont invest on it. Most of project some times offering can solved a lot problem by using a cryptocurrency at real live but the reality its the problem can be solved without cryptocurrency.
A simple due diligence from me, went you doing some DD and the problem on the real live not really need cryptocurrency to solved their problem then dont invest on it. Most of project some times offering can solved a lot problem by using a cryptocurrency at real live but the reality its the problem can be solved without cryptocurrency.
February 15, 2020, 11:49:13 AM
What can be taken care Off Before Engage in an Investment Before ?
-Research everything
-Dont invest if you have just been driven by emotion and greed
-Always think of the equivalent risk
-Set target or realistic goals
And the rest? Experience would be learnt along the way because mistakes would be the
best teacher among all.Even if you do follow those things above it cant really be avoided
to make wrong moves.
February 15, 2020, 10:07:06 AM
I think the knowledge before investing.
You never know but there are a lot of cryptocurrencies out there you can invest in and you will never be able to identify that easily what is a scam and what is not. You also don't know what of those cryptocurrencies will give you a good profit in the future, that is a hard decision so better gather information about that crypto and also know what is a legitimate project and what is not.
Having enough knowledge will help you determine which project is profitable, it will also guide you on making the right decision since you already have an understanding about the things that you need to consider before investing your money. It takes time and effort to have some knowledge because you need to do your own study and exploration in order to learn various of things before investing but despite of that its worth it because you know that you will not end up doing mistakes that will a huge negative impact on your investment. You never know but there are a lot of cryptocurrencies out there you can invest in and you will never be able to identify that easily what is a scam and what is not. You also don't know what of those cryptocurrencies will give you a good profit in the future, that is a hard decision so better gather information about that crypto and also know what is a legitimate project and what is not.
February 15, 2020, 09:09:20 AM
You will have to understand not just what you want to invest in but the reality of it. Take for instance, cryptocurrency which is peculiar on its own, an investors has to understand certain complexity about it first. Like, that it is not fiat and it has its own issues which are numerous including how to send, receive and types of wallets etc.
February 15, 2020, 09:02:46 AM
I think the knowledge before investing.
You never know but there are a lot of cryptocurrencies out there you can invest in and you will never be able to identify that easily what is a scam and what is not. You also don't know what of those cryptocurrencies will give you a good profit in the future, that is a hard decision so better gather information about that crypto and also know what is a legitimate project and what is not.
You never know but there are a lot of cryptocurrencies out there you can invest in and you will never be able to identify that easily what is a scam and what is not. You also don't know what of those cryptocurrencies will give you a good profit in the future, that is a hard decision so better gather information about that crypto and also know what is a legitimate project and what is not.
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February 15, 2020, 08:05:55 AM
Understanding the asset before investing in it and having a detailed plan or strategy for that investment is very vital in my opinion. One of the reason Investors and traders fud out of the market is as a result of not having a plan. Most of them gamble into such investment with the hopes of relying on the market or so called professional opinion to make their decision. If you invested with a plan, you won't get carried away when there's FOMO or fud spreading in the community since you'll be focus on following your investment plan.
About understanding the asset, most cryptocurrency enthusiast hardly understand the technology behind their investment vehicles since what motivated them into picking interest into the industry are the numerous success stories of quick money circulating on/offline. For users who understands the technology, hardly before their emotions make a fool out of them since they believe in what the project they're holding is capable of achieving.
About understanding the asset, most cryptocurrency enthusiast hardly understand the technology behind their investment vehicles since what motivated them into picking interest into the industry are the numerous success stories of quick money circulating on/offline. For users who understands the technology, hardly before their emotions make a fool out of them since they believe in what the project they're holding is capable of achieving.
February 15, 2020, 07:16:58 AM
Your own research about the project is must, regardless of where you want to invest, you should always look for details of projects, company and team's history. If you want to invest big then understand your own limits first, you should stop where your gut says to stop, dont fall for greed and if you are making a profit then dont forget to cash it out.
February 15, 2020, 06:47:08 AM
What can be taken care Off Before Engage in an Investment Before ?
And volatility is the another reason why people are getting more interest in crypto investments so users have to learns risk management and how to minimize them for different market conditions.
February 15, 2020, 05:06:09 AM
For me, your goal and limit.
The goal, for like some target, you can't really say that you won an investment as long as your profits have nothing to do like you planned to invest but don't know when to take profits or partial take profits, you should set that.
Limit, for if in case scenario. Since crypto investment is extremely risky, you really need your PLAN B, like you need some stop-loss than your entire portfolio will lose, since for sure, there are still more opportunities are coming.
The goal, for like some target, you can't really say that you won an investment as long as your profits have nothing to do like you planned to invest but don't know when to take profits or partial take profits, you should set that.
Limit, for if in case scenario. Since crypto investment is extremely risky, you really need your PLAN B, like you need some stop-loss than your entire portfolio will lose, since for sure, there are still more opportunities are coming.
February 15, 2020, 03:14:15 AM
The two worst things that can happen during trading are excessive optimism and greed. Therefore, you must develop a detailed plan for all stages of the investment and not support feelings that control your decisions, because you will lose a lot.
So knowledge and learning are the weapons that improve your ability to analyze properly and thus achieve profits.
Finally, invest in surplus money that you are not afraid to lose and that you do not need it for anything necessary.
So knowledge and learning are the weapons that improve your ability to analyze properly and thus achieve profits.
Finally, invest in surplus money that you are not afraid to lose and that you do not need it for anything necessary.
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