Topic: Read this before doing any investment (Read 379 times)

Going for new projects should have been the best way to make the highest profits in crypto investment not no longer so nowadays except in very few DeFi projects. If you want to go into new crypto investment, look into their bounty and airdrop structure, the pool, period of distribution in comparison to to the time of listing on exchanges, lock duration of the bounty and airdrop payment.
If all those fall within the time of exchange listing, wait till then to invest in the coin and buy the dump from the hunters. You will end up using the price of just a token you want to invest into to buy not less than 10 of the same coin or token.

Some of the things you have said here are just common sense. But people still fails to follow those.

1. Sadly some people just looks at the market and see "how much it is rising". If they see the coin is going up 5x, they think they have got the perfect coin to make quick profit.

2. Almost all of those new projects are worthless/scam. You are saying the opposite thing here.

3. Investing in one good token is better than investing in multiple shit tokens.

of all the tips that you describe about tips before investing, making a research about the project you want to follow is the first thing to do. Looking for as much detail as possible. but if you have chosen the most advanced crypto, the thing to do is check the altcoin  fundamentals. Don't invest in an altcoin that is still having problems, like XRP which ran into trouble with the SEC and then got a big dump. That would be very detrimental to many people. Then having a spare fund is very important to overcome unwanted emergency problems.

If you want to invest then you should never invest all of your money on one thing. Some people usually think that since they are sure that their investment is going to make a lot of money then they will always gain something out of it and so they invest in only one token. That is one way of limiting yourself and not thinking far ahead. Some Items you need to know what you are aiming for and it is that you want to gain money from your investment. What better way to do that than to invest in more than one token. This can prove to be ever reliable incase one of your investments does not go through as you expected it to.

You have to realize that coins you invest and love so much may not be the things you first imagine it would be, normally you may think that bitcoin could be something decent but in reality we trust bitcoin because it is decentralized, not because bitcoin tech is great. For example ETH is a lot better in tech then bitcoin, but it is not even close in marketcap, why? Because in reality bitcoin is decentralized whereas ETH has Vitalik and all his pals deciding what is going to happen with ETH.

Moreover, 2.0 is something we are all waiting for, and almost everyone wants 2.0 to happen as well, maybe miners wouldn't want it but everyone else would love it. So why would I be against it? Well simply put, I think it is obvious that ETH can be changed by Vitalik if he wants to, which is obvious from 2.0, and I do not like that notion. This is the reason why alts are not like bitcoin.

Thank you all so much for these wonderful inputs, I really learned a lot from all of those. I definitely agree with everything that has been said here. True enough, crypto is worth investing in but it may really be tough and a bit challenging because of some complexities that come along with it. It's also wrong for someone to immediately invest in crypto especially if they have no clear knowledge about it yet. Better yet, it may be best to really conduct research first to know which cryptos may be good for investment aside from BTC.

I don't agree with this, IMO.
Yes, top altcoins might be good but why not give focus to Bitcoin instead.  Look at the market, when Bitcoin was dropped, all altcoins doing the same movement in Bitcoin, it seems like altcoins swinging altogether with Bitcoin price.  So, therefore, in this case, I must prefer to hold Bitcoin and put all my eggs there.

The "Dont put all your eggs" sayings is must be on storing your crypto assets, you should split them into different wallets to avoid hacking or scamming and that is the right perception.

But anyway, thanks for the input, though it's common advice at least it has a sense.

Before really doing any investment to be taken on hand, you must know to yourself that you must first acquire knowledge that is needed for you to survive the risks that are associated within the field of choice you are going to take. Same thing applies on both investing and trading for if you take steps while you are ignorant on certain things that you must know,  you are making yourself prone to risks which includes possible loss that can be manageable if you will just let yourself acquire first prior knowledge before doing any engagement. Know your coin before putting up any amount of money because your aim is to gain profit and not to loose money. Do research about projects before investing into them for some do really looks deceiving on first hand so prior and thorough research is in need to assure the safety of your funds.

Yeah, that's why you are staying with the old school with roots.
There is always a chance it will go up but it may take months or years. Better to stay there than risking more.
Anyway, it's based on my own experience. You could say it's like a trauma. 
That is why number 2 is what I chose from OP's post.
I think there is always that dream of being rich by risking higher that cannot be abolished in people's minds.
Even top alts are already at high risk, why go further into investing with much higher risk on a new one.

Top coins aren't always the best investment choice, in this space market cap isn't all that differentiate a good coin from a bad one. We have many scams that have successfully made their way to the top in regards to market capitalization in the past but got dethrone the moment their shitty practice were exposed. If you look through past record you will realized most current top coins weren't always in the top position on the market ranking and the tops years back, some are no where to be found.

If you lack knowledge, buy bitcoin and relex then invest your time into acquiring knowledge of the technology. You can do that by reading different books on-line and some articles that explains clearly what the technology is all about. Investing in bitcoin require just basic knowledge that won't be hard to comprehend.

The moment you have been able to understand how crypto wallets works, how exchange works too and how to safely store your coins, send and receive them too, then you can buy your first bitcoin while you learn more as you keep updated with the development in the industry.

We all know why XRP crashed, that is because of the SEC lawsuit and then the de-listing from coinbase.

That is the reason why people still consider Bitcoins as the best form of investment despite so many new coins entering the market, that is because Bitcoin has been clean and hasn't had a single hiccup so far.

I was talking with a friend of mine and I asked him why he invests so much in Bitcoins while there are so many other dominant and useful coins like ETH, USDT etc. He told me that USDT and all other cryptos are certainly centralized, which made me laugh but then he told me how a hacker's funds were seized by USDT owners, yeah that is a good thing to happen but it hows that still owners have control over it. That is the reason why people still trust bitcoins above all others.

This is a good advice that people should consider I've seen some new investors who puts all their money solely to Bitcoin and doesn't spread their investment to different coins. It's much better to divide your investment to different parts in my case I have 60% Bitcoin and the rest are altcoins.

Some of what the OP says can be very dangerous for those new to the crypto world, I don't know if the OP has done what it says and works for it.

Even if only invest in Bitcoin the returns are still higher than investing in a new project which could be just a scam


Read this thread https://bitcointalksearch.org/topic/m.53024859 will make you also realize that diversification is not always going well for our portfolio

I may not totally agree with this especially with Bitcoin and altcoins.
I have this mindset before when Bitcoin was still below $20,000. I am always saying that I should find some altcoins thay is still cheap or their all-time-high are still far from current price. Before, I have lot of Bitcoin and decided to use some to buy some altcoins. But I calculated my profits, if I didn't bought some altcoind and buy only Bitcoin or stay with Bitcoin, I may earn more profits.
Diversifying of assets may not be bad, we should not be more comfortable, we should also always think the risks.

There are three things that I have been doing before investment,
1. Preparation
2. Set a plan
3. Take action

The reason why people always suffered losses is because they don't have any investment direction. Saying to follow the flow and what the majority did is somewhat crazy, yeah, it sometimes falls you into the trap.

Nothing new, investments and trading is quite different. If you are wondering to invest then you may limit with BTC or ETH. Other coins are quite risky IMO. But during trading you aren't limited, you may trade multiple alts. Why you will risk your funds by investing in shit like BSV or something similar even they are in top position in CMC? It's fine don't put your all money in a single coin, but it's not easy to find a potential project. So, I will suggest BTC is the best for investment unless you are talking about trading.

As an new investor you can find it difficult to invest in the right coin in crypto market but you need to take some essential steps which will help you to survive in the market with profit making if you understood it right. Here are some of my suggestions to the new traders who want to invest in the market :

1)Coin and exchange Selection primarily:
Select your choice of coin and exchange in which you want to trade with your proper research and knowledge as there are many legit exchanges available like Binance,Coinbase, Kucoin which deals in wide range of altcoins

2) Expect the unexpected:
However, significant volatility does exist in cryptocurrency markets which cannot be ignored. Experienced cryptocurrency investors are accustomed to huge price swings that you often don’t find in traditional markets. By mentally preparing for these unfavorable, and occasionally terrifying, investment performances, the intelligent crypto investor will be able to act rationally instead of emotionally in times of unexpected price drops.

3)Understand the uses for both cold and hot wallets:
Cryptocurrency can be stored via an offline “cold” wallet or an online “hot” wallet. Ease of access makes hot wallets a more desirable option for the beginner investor. However, as convenient as hot wallets are, they are susceptible to being hacked, whereas cold wallets are not able to be hacked (if prepared properly). Ideally, it’s best to store cryptocurrency you plan on saving for a long time in a cold wallet, and keep only a small amount that you might use on a daily basis in a hot wallet.

4)Stay away from ponzi schemes:
At this time there are large number of ponzi schemes running which creates a hype about a coin in the media and creates financial strong background or promise the users 10-15% returns monthly but after they have raise the funds you cannot trace them or you do not get your proper results as what are promised.So it's very hard to indetify them but still you need to look for legit ones

5)Do not invest in shitcoins that are available in the market because they will not grow and your investments will stand at the same rate without providing any benefits to you so it's better to invest in some of the major coins like Bitcoin and ETH which will provide high returns in the long run as they have trust, potential and resources to grow in future

6) Diversify your portfolio:
As said by OP you don't need to invest all your amount in one coin but instead of that put your money in different assests so that if one of them is in dump situation you do not loose all your money which is one of the main strategy of all the good traders prevailing in the industry

7)Ignore the noise and stay calm:
You need to get on your nerves even in the panic and dump situation and think wisely without getting eroded with the emotional sentiment and be the part of panic sellers in the market that will eventually help you to gain profit in the long run when prices again jumped higher if you have invested in the potential coins.

So these are some of my suggestion for the welcoming of new investors ready to move Into the world of crypto currency and I hope you will find it useful and I will be pleased if it will help you in some way.

It is such a funny thing to see a "newbie" account trying to farm merit. This is all about merit isn't it? I mean normally there is a link or something when people shill a coin or a website or anything like that, since there is absolutely no link at all, I assume it was done for merit purposes.

Maybe this dude could have been someone who is very old in crypto world but got a new account or something, I would give him that type of benefit of doubt but when you read it, you realize it's not. He repeats all the known regular cliche things in crypto world, and expects us to think these are new things? I mean we all heard these things a million times, so at the end of the day I doubt this was done honestly. In any case, yeah sure do your research, stick to top ones AND good ones, sure diversify your investment, all those regular and things you should have already known.

It is an important thing that you should do if you have a plan to invest in crypto. We know that not all of the coins can rise together, making us analyze one by one to found the coins as the best investment. Fortunately, we have bitcoin, which can be the best investment for now and in the future, so you can select to have bitcoin to be your long-term investment and the altcoin for your short and medium investment. I agree that we need to have knowledge before we invest in crypto to get the right coin to invest.

The 3 points that you mentioned are common things that most people already know, but unfortunately not everyone runs them. So, thank you
for reminding us all, actually the first point is a must. Because without doing research first there is a risk of investing in the wrong coins. Then
for point number two I actually don't agree, because top altcoins aren't all that great.

For example XRP, BCH and BSV are not recommended for investment. So if you don't have knowledge of crypto, you should just invest in Bitcoin.
And for point number 3, I totally agree 100%, because investing in more than one coin can reduce the risk of loss. And if you are lucky with investing
in multiple coins, your profit can increase if the coins we buy are all pump.

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?

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.

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.

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.

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.
A lot of things go wrong from taking a step on a new project and it always has fatal consequences.

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!

The classic diversifying with other alts. Yeah, I think you should stop giving investment advice altogether.

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.

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.

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.

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