Topic: Read this before doing any investment - page 2. (Read 396 times)
Well, as OP said, only number 1 I agree with. We should have proper research before we will decide to invest in crypto most especially in alts, they are very risky to invest in. Not alts will have a good return and you cant assure this, regarding XRP, I don't know what is the reason for an increase in the price, but as far as I know, they will be get delisted soon from the biggest exchange. However, you have a point of splitting your capital and I believe in saying that, [never put all your eggs in one basket], it means don't focus only on one investment if you can afford other investment. But why did you not give a large percentage upon investing in bitcoin?
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3. According to me this is one of the most important thing, that rather than investing in a single token we should go for multiple token, By doing this you may get less return but chances of loss also decreases.
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3. According to me this is one of the most important thing, that rather than investing in a single token we should go for multiple token, By doing this you may get less return but chances of loss also decreases.
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I don't think the majority that invested in ICOs between 2017-2018 would agree with you on this advice. This is because nearly everyone that made insane gains from on one ICO and then take the proceeds to invest in other ICOs eventually got to lose majority, if not all the profits they got from their investments. That's why it largely depends on when you're investing.
- If Bitcoin is rallying, Invest in Bitcoin and maybe ETH.
- If it's the other way round (aka bitcoin dumping) get in on altcoins only if they are outperforming Bitcoin.
-Don't be greedy and don't let yourself fall into FOMO or being hyped due to shill.
-Diversification is indeed a best option for someone to make but be sure that you do able to engage on projects which are really worth to hold on.
Even if you do say that you had diversified to divide up the risk but you would really be letting the risk even higher if you don't choose the project
on where you diversified on.
Always make research and don't just pick up project without any prior knowledge.
-Diversification is indeed a best option for someone to make but be sure that you do able to engage on projects which are really worth to hold on.
Even if you do say that you had diversified to divide up the risk but you would really be letting the risk even higher if you don't choose the project
on where you diversified on.
Always make research and don't just pick up project without any prior knowledge.
I agree with your number one Opinion, that before investment Researching is must need about the following coin. Becouse without any Researching if somebody invest on any coin then it maybe danger for investor. They can lost their some money for their Mistake.
diversity is always an easy option if you want to play it safe. In some cases if a coin is very legit, you can make a lot of profit in a fairly short time with just one investment, but that is also high speculation and not recommended if your analysis skills are low. investment definitely goes up and down, but if we can maximize the opportunity, then the chances of us getting a profit will be higher
If you just invest without taking your time to do your research then you are more likely to get noting out of your investment. A good thing to note is that most of the investments always claim to provide good returns even though in the end to all of them will. Why is it that then there are still some people that end up in such kind of investments. It is because they don't do their research. Some things may seem good from the outside until you actually take a closer look and dive in deeper. Youw ill then realise just what you have been overlooking. Investing is only good if you know what you are doing. It is not just a matter of having money.
Most of the time people just rush into investing without actually knowing what they are investing in. This is some very good information. There are countless number of people that never take time to cinder these things. An investment cannot just be treated as an investment because not all investments are the same. You need to look at the other factors that determine just how well your investment may turn out to be. You also need to take the right approach to it and also take note that not all of the investments that you make will give you returns. It's good to invest but only on the right kind of things.
Number 2 should definitely be the main rule.
I agree, but this could easily backfire to you if you're going to daydream too long. What I mean is, a new project could go up instantly after it's been listed in a certain exchanger, and after that, it will instantly fall down and that's the end of it. Most of projects way back then (ICO), you're lucky if it get listed, because some of them turned into a scam already in the middle of their ICO, that's why it is indeed important to run a background check first to know if a certain token has a potential to give you profits in a short or long term.
Number 2 should definitely be the main rule.
Most investors without a team tend to make the same mistake as the first investors did.
Just going with the hype.
Big mistake. Top alts have reasons why they are next to Bitcoin. Why should you risk more?
I learned that from my own mistakes too.
I think it is difficult to find potential new projects because what we analyze in fundamentals does not guarantee whether this will still be your return in investors, I don't really guarantee that new projects can get you bigger but we have more confidence in altcoins that are already on the market it's just that we analysis is stronger than the new project.Most investors without a team tend to make the same mistake as the first investors did.
Just going with the hype.
Big mistake. Top alts have reasons why they are next to Bitcoin. Why should you risk more?
I learned that from my own mistakes too.
A lot of things go wrong from taking a step on a new project and it always has fatal consequences.
2 If you don't have much knowledge about crypto market then you can go with top alts,but if you want to get maximum return then should go for new project which have some potential(but you should have strong fundamental analysis for this ).
3. According to me this is one of the most important thing, that rather than investing in a single token we should go for multiple token, By doing this you may get less return but chances of loss also decreases.
3. According to me this is one of the most important thing, that rather than investing in a single token we should go for multiple token, By doing this you may get less return but chances of loss also decreases.
Only follow these two "investment advice" if you actually want to lose money in the long term lol. Check out their prices vs bitcoin; it shouldn't take much effort to learn that you're mostly better off holding bitcoin in the long term.
P.S. Putting money into alts isn't really "diversifying" your portfolio. True diversification is putting your money in other assets outside the cryptocurrency asset class.
I don't wish to sound like some Bitcoin maximalist, but people should start with Bitcoin as their first run term investment! And don't fool around with trading and other things with your entire investment, if you don't know what you are doing you can easily lose what you have!
Studying and researching are important, but in this stadium you either believe in Bitcoin or not! So basically you either invest in Bitcoin and wait for the future, or not! When it comes to trading, investing in alts, crypto services, everything is different! There are many scams around, all sort of scams, you need to know how to protect yourself!
Before making an investment there are few rules to follow, and you can see them everywhere (research, capital, ways to minimize risks...), but from them all I find "setting up goals" as a very important one! Have a plan, execute it, wait for your goal! Things can be sometimes rough, things go up and down, but if you did everything right your will reach your goals eventually!
Studying and researching are important, but in this stadium you either believe in Bitcoin or not! So basically you either invest in Bitcoin and wait for the future, or not! When it comes to trading, investing in alts, crypto services, everything is different! There are many scams around, all sort of scams, you need to know how to protect yourself!
Before making an investment there are few rules to follow, and you can see them everywhere (research, capital, ways to minimize risks...), but from them all I find "setting up goals" as a very important one! Have a plan, execute it, wait for your goal! Things can be sometimes rough, things go up and down, but if you did everything right your will reach your goals eventually!
The classic diversifying with other alts. Yeah, I think you should stop giving investment advice altogether.
2 If you don't have much knowledge about crypto market then you can go with top alts,but if you want to get maximum return then should go for new project which have some potential(but you should have strong fundamental analysis for this ).
I don't like this advice. For those people that don't have enough knowledge about cryptocurrencies, the best bet and choice is still bitcoin. That's a very common strategy that newbies should take before they indulge into altcoins and projects. This time, no need to be that technical because newbies will learn it in the process as they hold and study more about bitcoin and holding it.
Number 2 should definitely be the main rule.
Most investors without a team tend to make the same mistake as the first investors did.
Just going with the hype.
Big mistake. Top alts have reasons why they are next to Bitcoin. Why should you risk more?
I learned that from my own mistakes too.
Most investors without a team tend to make the same mistake as the first investors did.
Just going with the hype.
Big mistake. Top alts have reasons why they are next to Bitcoin. Why should you risk more?
I learned that from my own mistakes too.
3. According to me this is one of the most important thing, that rather than investing in a single token we should go for multiple token, By doing this you may get less return but chances of loss also decreases.
DON’T PUT ALL YOUR EGGS IN ONE BASKET
And you can put your eyes in different basket that is either open or has a fault from the under and all the eyes get to fall off the road and break.
With your number 3 point above, you can focus on investing in multiple project but they are all bad project because they are new and can go out the market soon as your money enters into their wallet.I believe to invest in long existing project because they have come a long way, so when doing multiple investment, don't invest it in a new project.
2 If you don't have much knowledge about crypto market then you can go with top alts,
I won't recommend this, many top alts is shitty and scam coins (e.g. XRP, BCH, BSV) better pick your own coin or ETH and BTC.Quote
but if you want to get maximum return then should go for new project which have some potential(but you should have strong fundamental analysis for this ).
Many new project is scam and much riskier, also new coins aren't have strong fundamental because it's easily to manipulate.
I am sharing few steps by which you people can minimize you risk and can get better return.
1 It's mandatory that before doing any investment you must to your own research about that
2 If you don't have much knowledge about crypto market then you can go with top alts,but if you want to get maximum return then should go for new project which have some potential(but you should have strong fundamental analysis for this ).
3. According to me this is one of the most important thing, that rather than investing in a single token we should go for multiple token, By doing this you may get less return but chances of loss also decreases.
As we had seen in case of xrp
No one knows what will happen so,
DON’T PUT ALL YOUR EGGS IN ONE BASKET
All the best for this year
1 It's mandatory that before doing any investment you must to your own research about that
2 If you don't have much knowledge about crypto market then you can go with top alts,but if you want to get maximum return then should go for new project which have some potential(but you should have strong fundamental analysis for this ).
3. According to me this is one of the most important thing, that rather than investing in a single token we should go for multiple token, By doing this you may get less return but chances of loss also decreases.
As we had seen in case of xrp
No one knows what will happen so,
DON’T PUT ALL YOUR EGGS IN ONE BASKET
All the best for this year
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