The basics of starting an investment is to KNOW what you're investing in. There is also the issue of how much you're willing to invest, and what type of investment you're going for. Various scams and the like going out and about on the internet, so determining which one of them is a scam and which is legit is one of the things you have to study in..
Lastly, do not be afraid to lose money. Every investor has had that kind of experience before, and taking a loss is a natural thing in this field. If you think taking a loss is profitable, then do it. That's why there's the idea of, investing only what you can lose after all.
Topic: Own Diligence is recommendable before engange in any Crypto investment - page 2. (Read 238 times)
February 14, 2020, 10:05:49 PM
February 14, 2020, 04:17:24 PM
I think that is quite normal thing to make some checks and due dilligence before any investment and especially before geting involved with crypto. That is especially important if you invest in different ICOs very many scamers and shady business scheems appear.
Also, you need to be aware of all risks present at the market and always count on volatility and possible risks. To get right information at the right time is crucial when it comes to investment.
Also, you need to be aware of all risks present at the market and always count on volatility and possible risks. To get right information at the right time is crucial when it comes to investment.
February 14, 2020, 11:03:23 AM
I would personally say that checking out the data is very important, if you have all the information and all the data at your hand then you can calculate what will happen about the investment beforehand most of the time, at least you could calculate what is expected of that coin to happen.
If you do not have any data or any information regarding the investment, you are going in blind and that will %100 result with a loss unless you become very very lucky which is not only rare but close to impossible. After you get all the charts and data and information, just check out what people think about that coin, and not just the supporters of the coin but people who do not like that coin, see the both sides of the situation before you buy into so you know why people like it but also know why people hate it.
If you do not have any data or any information regarding the investment, you are going in blind and that will %100 result with a loss unless you become very very lucky which is not only rare but close to impossible. After you get all the charts and data and information, just check out what people think about that coin, and not just the supporters of the coin but people who do not like that coin, see the both sides of the situation before you buy into so you know why people like it but also know why people hate it.
February 13, 2020, 06:39:45 AM
What can be taken care Off Before Engage in an Investment Before ?
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