Topic: The golden rule of the investor! - page 2. (Read 968 times)
The more coins/projects you have in your portfolio the better it is for the safety of your funds. But quantity not always means quality, thats why you should always check the projects very carefully and research if they are legit or not.
I do agree with the idea given one does have to be greedy greed does a lot than we can imagine and we should invest what we can lose when it happens diversification is necessary as an investor
I know this rule, but somehow I don't stick to this rule. I usually invest in 3-4 altcoins and 10 is too much for me.
At the same time I realise an importance of this approach
At the same time I realise an importance of this approach
The main thing in my opinion is to study the market well and to be in a trend, to earn on what is relevant or what has not yet become relevant but you think that the direction has an advantage in the future and of course to diversify their investments in projects.
To make it short and summarize it these are golden rules thats very popular to everyone.
1. Invest what you afford to lose.
2. Never invest into something that you didnt know.
1. Invest what you afford to lose.
2. Never invest into something that you didnt know.
Well actually there is no golden rule in this world of crypto. I think the only rule that works well is that don't jump in a bearish market but only invest when you think the market is moving bullish and as soon as you realize that the market is crashing, then get out of it.
As a investor you should always think twice in all decisions and actions you will made.
You should always weight the possible effects in all situation that you will handle.
These rules are known to all investors and traders, but sometimes people do something that is not careful in cryptocurrency because they are afraid of losing profits. Therefore, the most important rule is to keep calm. You should always weight the possible effects in all situation that you will handle.
This year gave us a great experience. You can know a lot of rules, but not apply them in practice. We must draw conclusions and prevent future mistakes. You can have theoretical knowledge, but not be able to put them into practice. This is the most important mistake. I think this is just the beginning. And this experience will be useful to us in the future.
As a investor you should always think twice in all decisions and actions you will made.
You should always weight the possible effects in all situation that you will handle.
You should always weight the possible effects in all situation that you will handle.
Yes investors shouldnt invest in only one coin. Everything can be happen in cryptospace. For example i am holding eth and btc. I can hold only bitcoin but i dont want to invest in one coin with all of my money. Also altcoin investors have to be more careful while doing their investments. In may we remembered some coins which did 5x 10x 20x but these coins all red now. So we have to invest more than one coin. You are very right about that point.
I think that the golden rule of the investor is to choose the popular coins with the great potential and to invest in them for the long-term watching the changes on the market of crypto
In this business you must have faith. You have to believe in things that you are doing and things that you are investing in. Nothing to do here without that.
This is lovely, all the point you have highlighted are true. Any smart investors in any business setting will always diversify his investment in order to mitigate any possible risks. It is always good to have second place to fall into either in Cryptocurrency or any other type of investment.
I agree with you and say it once again that the most important rule for any investor is to diversify your funds. It is not an easy task, but if you are able to split your deposit and to find a lot of great coins to invest in, you will gain great profit.
Good rules, but they're not new to me. But as they say repetition is the mother of learning. You should always remember them and sometimes remind yourself of them, so as not to make mistakes in investing. Many in investment destroys not even that they do not follow these rules, and the most common greed. All chasing fast and big money. But they are not so easy to get, and not everyone succeeds. For me personally, the most important rules are always to invest in the direction in which I understand a little. Invest only your money, not borrowed. And do not forget to distribute the risks.
Never invest your money all in just one project.
Always have a back up plan for your investment.
The smart investor will have its price in the market to have the target.
they buy more at dip and hold the token longer.
they believe on the project to be on top.
Always have a back up plan for your investment.
The smart investor will have its price in the market to have the target.
they buy more at dip and hold the token longer.
they believe on the project to be on top.
Exactly Don't invest money in single project. Do market research and then have some backup plan on the investment. Buying coins in lower price and selling it when the price is high shows the investors knowledge on the crypto and also this is one of the golden rule for investors and other rules includes deeply analyzing the market and investing on strong projects which will help in getting profit is one the rule for the investors in crypto market.
The actual golden rule is "Treat others as you would like to be treated"
...but near as I can tell the golden rule of most "investors" is to "Do unto others before they can do unto YOU!"
...but near as I can tell the golden rule of most "investors" is to "Do unto others before they can do unto YOU!"
Never invest your money all in just one project.
Always have a back up plan for your investment.
The smart investor will have its price in the market to have the target.
they buy more at dip and hold the token longer.
they believe on the project to be on top.
Always have a back up plan for your investment.
The smart investor will have its price in the market to have the target.
they buy more at dip and hold the token longer.
they believe on the project to be on top.
Yep these are basically right, as long as you follow the rules then you should not have much to be worried about. Also there is something that a lot of crypto investors do not seem to understand, the fact that you know that the coins will go back up does not mean that you have to hold all through it, you can actually sell and buy back in lower for better profits
Every investor should be able to manage their risks. Many newbies ignore these rules and choose only one or two projects for investment. This is a very big mistake.
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