Add a 3rd part and increase the risks while you decrease control and profits?
Indeed a good idea
Topic: The safest way to invest in Cryptocurrency (Read 1246 times)
- buy high
- sell low
- invest in biggest gainers at CoinMarketCap
Anyway, I think that the idea is good, but can be specified a bit. To invest safely one has to follow these steps:
1. Look at top 20 coins on coinmarketcap.
2. Define those which dropped 20%+.
3. Look at the news about these coins to make sure the drop is not due to serious problems discovered.
4. Look at the price chart of the coin and make sure it's price was 20%+ higher than now for at least two weeks.
5. BUY IMMEDIATELY those coins which met all the requirements.
6. Wait till the price recovers, then watch the price carefully once per hour.
7. Sell when it drops 5% from the maximum you saw that day.
Nothing is truly safe but I think Tether is probably the least volatile of all crypto. I wouldn't go long on Tether though,
Bitcoin is probably the safest non-fiat backed crypto but you have to be prepared for an 80% drop in Bitcoin because it has happened in the past. Nothing in crypto can be called "safe".
Yes there is no safe at all. But investing in cryptocurrency we should spread our investment 5-10 cryptocurrency. That will ensure gives a return of profit. Thus, do some research also that worth investing for. Bitcoin is probably the safest non-fiat backed crypto but you have to be prepared for an 80% drop in Bitcoin because it has happened in the past. Nothing in crypto can be called "safe".
Nothing is truly safe but I think Tether is probably the least volatile of all crypto. I wouldn't go long on Tether though,
Bitcoin is probably the safest non-fiat backed crypto but you have to be prepared for an 80% drop in Bitcoin because it has happened in the past. Nothing in crypto can be called "safe".
Bitcoin is probably the safest non-fiat backed crypto but you have to be prepared for an 80% drop in Bitcoin because it has happened in the past. Nothing in crypto can be called "safe".
i believe diversification is safest
True. But sometimes we have to see how diversified it is.
I prefer composing the portfolio using the top 10 coins (or maybe 20 if you can take more risks). In this case we shall enjoy the uptrend of the market and limit loss when there is a dump for particular coin.
i believe diversification is safest
Good idea, but be careful with the "passive income". You can get fraud
Fraud is always lurking behind in this kind of investment. There is a relatively higher risk. I would rather buy and hold some top coins if I want to make profits from some passive investment. It is still profitable with less risk. Even holding BTC is worth it. No need to check every now and then. For as long as they are stored in safe wallets, everything's fine.
I wouldn't hold anything online (keep it in a wallet you control) and know that almost nothing is regulated and even the "credible" sites (exchanges/investment sites) often end badly.
I also invest in stocks, have a rental property, have some gold, and Lending Club. Spread your money around, and don't invest more in Cryptos than you are willing to lose. If my crypto holdings continue to grow as quickly as they have been, I'll take some off and put it in something safer, to keep accounts proportional.
I also invest in stocks, have a rental property, have some gold, and Lending Club. Spread your money around, and don't invest more in Cryptos than you are willing to lose. If my crypto holdings continue to grow as quickly as they have been, I'll take some off and put it in something safer, to keep accounts proportional.
Actually that is my goal to build a diversified portfolio. I am planning to earn my first bucket of money by cryptocurrency and I will probably do it through investing in these index funds...
btw, just bought some CM10 from Cryptomover and some ICN for Iconomi, let's see what will happen
I will vote for passive investment, like the index funds (e.g Iconomi, Cryptomover, etc...)
Then I can enjoy the uptrend of all coins and won't miss out any opportunity
What are your thoughts?
I think that the index fund depend on the bitcoin and ethereum movement, Sometimes if the bitcoin gets drop a lot and you will be lost in index but that was a safest way in this time but that can't bring you a lot of profit in once time trade. Then I can enjoy the uptrend of all coins and won't miss out any opportunity
What are your thoughts?
yeah... I would rather aim for a long term profit, so I am thinking diversification through index funds will be a good choice for me
...is to invest between 5% to 10% of your annual or monthly income in a token that you've seen not only their whitepaper and ANN, but also their business plan and pitch deck with easy to understand business model that could be achievable.
I wouldn't hold anything online (keep it in a wallet you control) and know that almost nothing is regulated and even the "credible" sites (exchanges/investment sites) often end badly.
I also invest in stocks, have a rental property, have some gold, and Lending Club. Spread your money around, and don't invest more in Cryptos than you are willing to lose. If my crypto holdings continue to grow as quickly as they have been, I'll take some off and put it in something safer, to keep accounts proportional.
I also invest in stocks, have a rental property, have some gold, and Lending Club. Spread your money around, and don't invest more in Cryptos than you are willing to lose. If my crypto holdings continue to grow as quickly as they have been, I'll take some off and put it in something safer, to keep accounts proportional.
There is no safe way, or use free airdrop
just participate in a bunch of free airdrops. That way you never have to invest anything. Actually, holding free airdrops forever might even be the most profitable thing ever.
There are no safe ways to invest in cryptocurrencies. All exchanges and coins are somewhat risky. But if you need steady income you should never buy anything other than top 20, especially pos coins.
I will vote for passive investment, like the index funds (e.g Iconomi, Cryptomover, etc...)
Then I can enjoy the uptrend of all coins and won't miss out any opportunity
What are your thoughts?
That is not the safest way to invest in cryptocurrency IMO, because passive income does not last forever. If I were you, I will prefer active investment rather than passive investment and diversify my investments into many good altcoins to buy now and set a target. You are right though that passive income can be nice, so maybe I will diversify my investments between the passive and active one that way I have a chance of getting better profits. Then I can enjoy the uptrend of all coins and won't miss out any opportunity
What are your thoughts?
There is nothing safe in crypto markets. Look at the volatility. Also at the speed quantum computers are being developed, if one is able to breach the blockchain, we all are doomed.
The safest way is not to invest at all
I will vote for passive investment, like the index funds (e.g Iconomi, Cryptomover, etc...)
Then I can enjoy the uptrend of all coins and won't miss out any opportunity
What are your thoughts?
I think that the index fund depend on the bitcoin and ethereum movement, Sometimes if the bitcoin gets drop a lot and you will be lost in index but that was a safest way in this time but that can't bring you a lot of profit in once time trade. Then I can enjoy the uptrend of all coins and won't miss out any opportunity
What are your thoughts?
There is no safe way to invest in cryptocurrency, the safest one is usdt, it can't be a investment for sure but even its value can decrease if it gets in trouble with banks.
- buy high
- sell low
- invest in biggest gainers at CoinMarketCap
Anyway, I think that the idea is good, but can be specified a bit. To invest safely one has to follow these steps:
1. Look at top 20 coins on coinmarketcap.
2. Define those which dropped 20%+.
3. Look at the news about these coins to make sure the drop is not due to serious problems discovered.
4. Look at the price chart of the coin and make sure it's price was 20%+ higher than now for at least two weeks.
5. BUY IMMEDIATELY those coins which met all the requirements.
6. Wait till the price recovers, then watch the price carefully once per hour.
7. Sell when it drops 5% from the maximum you saw that day.
oh this is really a good strategy to follow, but step 6 may take a long time in some cases
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