Project management can be useful as an investor

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: Pablo-wood on December 23, 2023, 10:25:07 AM

Initiating, having a well defined plan, possessing full control, having executable qualities, monitoring and then closing an investment laid down plan is on tricky methodology to find a good walk around in the crypto market.

It's easier to succeed with Bitcoin as investment because it is a very old and tested projects throughout last 15 years in cryptocurrency industry and market. History of cryptocurrency market shows that if you invest money in bitcoin, hold it, you will not get loss or at least won't lose most of your capital.

If you can hold your bitcoin, you can get rich with it.

See HODL camp to see voice of history.
https://hodl.camp/

Bitcoin profitable days chart can give you strength of holding too.
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/

With altcoins, they are newer projects, even newborn in this market cycle, and no guarantee that if you can hold altcoins, you can get rich with them. Risk of losing money to altcoins is high, again see history.
Dead coins: Over 50% of cryptocurrencies have failed.

EluguHcman

sr. member

Activity: 504

Merit: 254

Of course every spot has a roadmap nomatter how technical it maybe.
In Crypto trading or investment, you must be detailed on the crypto coin you are to invest on based on their potentials values, setting up funding (accumulating) strategies and managerial strategic views of how to achieve your goals (profits) in returns as one Investing on assets with an expectation to make profits.

Moreso, understanding your coins market possession in the crypto house edge and also discover the reputation of your desired cryptocurrency should be treated effectively so that you either not fall on scammers or Investing your funds on less value cryptocurrencies with highily volatility of where you may lost them all.

Failure to imply these strategy is apparently a gamble to such investors even though they made it prosperous at last, it was just a luck likely as the gamble maybe games of luck.

348Judah

hero member

Activity: 714

Merit: 521

Quote from: Pablo-wood on December 23, 2023, 10:25:07 AM

Initiating, having a well defined plan, possessing full control, having executable qualities, monitoring and then closing an investment laid down plan is on tricky methodology to find a good walk around in the crypto market.

Having a good financial management practice in this regard could help in many ways, because this is money we are talking about and it requires having a calm and calculative ability in other for us to be able to know how to effectively utilize the money in serving the purpose of our trade and investment, some will just go all in at once with the zeal of making it at once and lose everything virtually because they don't have the understanding of how to go about it.

Die_empty

hero member

Activity: 686

Merit: 987

Give all before death

Quote from: Pablo-wood on December 23, 2023, 10:25:07 AM

I was just thinking for projects that have no defined road map and vision it is better to avoid them than gamble them. Because I strongly believe a project that Isn't analysable is invariably a gambling tool in the crypto market. Even crypto assets that has a roadmap once the investor can't spot the defined patterns hidden behind the asset it automatically becomes a gambling tool.

The business environment cannot be predicted because there are always unforeseen occurrences that can affect it. But this shouldn't be an excuse not to draw out strategic plans that will guide the business as it navigates the future. Business operations become more simple and effective when there a well-researched, analysed and documented plans. This is why whitepapers are very important in all crypto projects.

Sadly, these days we have projects that duplicate the whitepapers of others because they don't have anything unique to add to the crypto industry. Investing in them is just like betting in a casino. So for anyone to invest in any product in this industry, lots of research and verification should be done.

Pablo-wood

member

Activity: 73

Merit: 31

Initiating, having a well defined plan, possessing full control, having executable qualities, monitoring and then closing an investment laid down plan is on tricky methodology to find a good walk around in the crypto market.

You will agree with me that a work broken-down structure where every detail on how to ensure a project is properly analysed and determined gives better edge to the investor because it doesn't just tell an investor how to start an investment it also helps the investor to know when to close and re-strategize.

For a project plan to be very effective it will require proper planning and well defined goals. Most times having excessive knowledge doesn't guarantee good outcome but strategic planning and follow ups can do the magic.

I was just thinking for projects that have no defined road map and vision it is better to avoid them than gamble them. Because I strongly believe a project that Isn't analysable is invariably a gambling tool in the crypto market. Even crypto assets that has a roadmap once the investor can't spot the defined patterns hidden behind the asset it automatically becomes a gambling tool.

Topic: Project management can be useful as an investor (Read 118 times)