Tips for newbie to long-term investing - page 3.

rby

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I think newbie who invest first time in cryptocurrency so first thing is that they gain knowledge about cryptocurrency and the second thing is that they invest which project first they study about this and there team there Roadmap everything read so they invest.
And after invest wait for profit and keep patient.

How many newbies are willing to learn? Very few newbies, because majority of the newbies come with the get rich quick syndrome. And that is a big disease that leads to losses and depression. What that desire to get rich and get coins that can do x40, x100 is the reason they jump into all kinds of projects without knowing the road map, they just believe that is is a luck that a project can get successful by luck. But they do not know that it doesn't happen that way. You must learn and learn before you will know how to earn. It is a process everyone has to follow to be successful in the field of crypto.

Fredomago

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Quote from: GigaBit on September 02, 2022, 11:23:35 PM

In bearish markets all types of coins ‍are worthy for long-term investments but many people invest in various sheet coins in hopes of higher profits, which is a big mistake for them. Keep in mind that bitcoin is the best along with some altcoins where it is possible to get good returns on long term investment but it is not possible with Shit coins. I myself have small holdings in a few altcoins including Bitcoin. These are Ethereum, BNB, ADA and SOL. I believe they are capable of giving maximum returns anytime in a bullish market.

In the bullish season all those coins that you are holding will potentially performs especially bitcoin we have seen this kind of action every bull run, it's just important to keep in mind that it will take time and the timing always rely on how you set your expectations, long-term can be more than a year as long as you are not seeing your target selling position better to keep your asset intact inside your wallet.

Quote from: ?? on ??

I think newbie who invest first time in cryptocurrency so first thing is that they gain knowledge about cryptocurrency and the second thing is that they invest which project first they study about this and there team there Roadmap everything read so they invest.
And after invest wait for profit and keep patient.

Collecting all the possible knowledge it's a key factor when you are into this business, make sure that you are open-minded so you can take every mistake and convert it to your learning experienced, the more you learn the more you follow a good path for a winning strategy that will give you great success into this kind of investment.

BobK71

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Quote from: AjithBtc on August 29, 2022, 07:59:27 PM

Just invest 60% of the value on the top cryptocurrency. Rest on altcoins with good market. Just relax and never look upon the profit/loss for certain time period. Surely one can enjoy good profit out of the investment. Another choice, invest what you can afford to loss on few low price coins that are predicted to turn big in the future. Choose few of such coins and buy it. Keep watching the market and surely you can make good profit at some point.

Cryptocurrencies are risky investments. There is definitely no substitute for Bitcoin to make a good investment. There are a large number of altcoins in the market, which increases the more risk of investing. But even though Bitcoin is risky, it can return to the price you expect at some point. Which is not always possible with any other altcoin. Also some alts don't appear to move to that position once the ATH occurs. So if you want to make a reliable investment, choose Bitcoin first.

dunfida

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Quote from: muarip on August 31, 2022, 01:04:47 PM

Quote from: Dissimulate on August 29, 2022, 01:56:20 AM

Start with learning about the market. Do not invest money that you need to use daily. And don’t be hasty with investment. You can start with reading blogs like Coindesk and cointelegraph

It's like you drink poison that you don't know about the levels in it. If you understand it maybe you will be more careful about what you do later.

You dont need to drink up poison just for you to find out that it is really safe.You could always look on others experience for you to make yourself aware on how things been working.

You are the ones who would really be able to find out on what things should be done or not and those via with experience and this is where our career begins because learning could really be attained or earned

through real experience and you shouldnt forget to snip out some idea from other people which would really be adding up overall awareness and being that sensible.

Elias89P

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Great post, Thankfull Grin

bitgov

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Quote from: andriarto on August 29, 2022, 10:23:25 AM

the initial intention to invest is to get good results as expected, but this should not be stuck with the investment time, to get it can happen sooner or later than we think. As long as you invest in the right coins, even beginners should be able to calm down in responding to market fluctuations. unfortunately many beginners want to invest in a short time and make a lot of profit, but in reality the bearish trend continues and there is a panic sell

I like what you have stated - the intention should be to get good result.
In my opinion people are in hurry to get money whatsoever it is. . . they look for shot cuts. and that is how they fail and give bad opinion to the people.

muarip

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Quote from: Dissimulate on August 29, 2022, 01:56:20 AM

Start with learning about the market. Do not invest money that you need to use daily. And don’t be hasty with investment. You can start with reading blogs like Coindesk and cointelegraph

It's like you drink poison that you don't know about the levels in it. If you understand it maybe you will be more careful about what you do later.

AjithBtc

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Just invest 60% of the value on the top cryptocurrency. Rest on altcoins with good market. Just relax and never look upon the profit/loss for certain time period. Surely one can enjoy good profit out of the investment. Another choice, invest what you can afford to loss on few low price coins that are predicted to turn big in the future. Choose few of such coins and buy it. Keep watching the market and surely you can make good profit at some point.

Myleschetty

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Quote from: andriarto on August 29, 2022, 10:23:25 AM

Quote from: BobK71 on August 29, 2022, 08:06:24 AM

Quote from: Rehan Zakir on August 28, 2022, 02:36:17 PM

It is very difficult for a newbie to decide whether this coin in which he/she is investing will pump or not? A professional trader can advise about it. Because he is in the market and he knows the coins that performs well when the market get stable.
So, buy a trading view monthly package for getting paid signals for every month. This will help you a lot about this thing.

According to the different types of investment, it depends on your risk. In this case, those who plan short term investment that would be more risky. Since the current market is not good, you must follow Long term Strategy. Long term is suitable for everyone who is experienced or inexperienced. Which can keep you risk free from this difficult situation.

the initial intention to invest is to get good results as expected, but this should not be stuck with the investment time, to get it can happen sooner or later than we think. As long as you invest in the right coins, even beginners should be able to calm down in responding to market fluctuations. unfortunately many beginners want to invest in a short time and make a lot of profit, but in reality the bearish trend continues and there is a panic sell

@Rehan Zakir Why is it different for a newbie to decide whether the coin he invested in will pump if he's not looking for lust through shitcoin and prioritized his investment in Bitcoin?
@BobK71 I believe the short-term investment is never a good decision in the first place. The concept of crypto is to be used as an asset and currency.
@andriarto The first intention ought to be to appreciate the technology and this will develop unique affection and understanding about it.

blockman

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Quote from: Dissimulate on August 29, 2022, 01:56:20 AM

Start with learning about the market. Do not invest money that you need to use daily. And don’t be hasty with investment. You can start with reading blogs like Coindesk and cointelegraph

The problem with some investors, is they don't invest that money you've mentioned that shall not be in use for daily use. What they're investing is money that they immediately need in terms of buying the stuff that they need. It is because when they hear the term investment, either long or short, they're thinking about its profitability in a quick manner. That's why many of them are losing and don't see the greatness of being long and stable but requires long waiting for them to see the result.

andriarto

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Quote from: BobK71 on August 29, 2022, 08:06:24 AM

Quote from: Rehan Zakir on August 28, 2022, 02:36:17 PM

It is very difficult for a newbie to decide whether this coin in which he/she is investing will pump or not? A professional trader can advise about it. Because he is in the market and he knows the coins that performs well when the market get stable.
So, buy a trading view monthly package for getting paid signals for every month. This will help you a lot about this thing.

According to the different types of investment, it depends on your risk. In this case, those who plan short term investment that would be more risky. Since the current market is not good, you must follow Long term Strategy. Long term is suitable for everyone who is experienced or inexperienced. Which can keep you risk free from this difficult situation.

the initial intention to invest is to get good results as expected, but this should not be stuck with the investment time, to get it can happen sooner or later than we think. As long as you invest in the right coins, even beginners should be able to calm down in responding to market fluctuations. unfortunately many beginners want to invest in a short time and make a lot of profit, but in reality the bearish trend continues and there is a panic sell

EdenHazard

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Quote from: BobK71 on August 29, 2022, 08:06:24 AM

Quote from: Rehan Zakir on August 28, 2022, 02:36:17 PM

It is very difficult for a newbie to decide whether this coin in which he/she is investing will pump or not? A professional trader can advise about it. Because he is in the market and he knows the coins that performs well when the market get stable.
So, buy a trading view monthly package for getting paid signals for every month. This will help you a lot about this thing.

According to the different types of investment, it depends on your risk. In this case, those who plan short term investment that would be more risky. Since the current market is not good, you must follow Long term Strategy. Long term is suitable for everyone who is experienced or inexperienced. Which can keep you risk free from this difficult situation.

+1

When you trade for long term ... you will have higher chance to take the profit at the perfect time. I mean for instance when you bought 1 bitcoin now at $20k and seeing the price dropped half to $10k then your investment value become $10k at the short term ...
now let's say in the next 6 months the price get backup trippled from $10k to $30k , at this point your investment growing significantly in the long term.

So yeah the choice is yours.

BobK71

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Quote from: Rehan Zakir on August 28, 2022, 02:36:17 PM

It is very difficult for a newbie to decide whether this coin in which he/she is investing will pump or not? A professional trader can advise about it. Because he is in the market and he knows the coins that performs well when the market get stable.
So, buy a trading view monthly package for getting paid signals for every month. This will help you a lot about this thing.

According to the different types of investment, it depends on your risk. In this case, those who plan short term investment that would be more risky. Since the current market is not good, you must follow Long term Strategy. Long term is suitable for everyone who is experienced or inexperienced. Which can keep you risk free from this difficult situation.

Dissimulate

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Start with learning about the market. Do not invest money that you need to use daily. And don’t be hasty with investment. You can start with reading blogs like Coindesk and cointelegraph

Fredomago

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Quote from: RockBell on August 28, 2022, 04:04:58 PM

Quote from: a.amt94 on July 06, 2022, 09:05:06 AM

snip

when it comes to crypto currency patience must be applied,you have to study the market before making any move to buy any coin study the charts and accumulating eth and bitcoin is actually a good move am happy you never gave up after your first attempt the goal is never give up your story is actually encouraging to many of us, long time investment is a good one ,holding for a long time is great i remember bitcoin price in 2020 was 19,000 dollars and in November 2021 the price sky rocket to 65,000 dollars what a great profit so look at the benefit of holding for a long time during bear just ignore the market and accumulate more , i love the spirit so keep accumulating and make more money during bear market.

If you have that kind of trust with the asset that you'll going to hold, the chance of seeing how huge the growth might be is really possible, it's more on how you conduct your research and how you'll be able to manage all the struggles while you are holding your assets. Afterwards the benefits will be witness when the pump start to be stronger.

Along the way, you will be able to find what kind of strategy or what kind of system you'll be going to apply.

It's a process that you'll be going to learn from time to time if you are really keen on learning the business.

RockBell

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Quote from: a.amt94 on July 06, 2022, 09:05:06 AM

snip

when it comes to crypto currency patience must be applied,you have to study the market before making any move to buy any coin study the charts and accumulating eth and bitcoin is actually a good move am happy you never gave up after your first attempt the goal is never give up your story is actually encouraging to many of us, long time investment is a good one ,holding for a long time is great i remember bitcoin price in 2020 was 19,000 dollars and in November 2021 the price sky rocket to 65,000 dollars what a great profit so look at the benefit of holding for a long time during bear just ignore the market and accumulate more , i love the spirit so keep accumulating and make more money during bear market.

bitgov

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Quote from: Chainsmokers on August 27, 2022, 03:28:31 AM

I also feel pain in this bear market, all support is broken in an instant, and I have to be forced to cut losses and buy back,
of course this makes our psychology chaotic, especially for newbies if they want long term investment,
of course they must be really prepared with this volatility .And of course you have to be mentally strong!

There was Covid earlier. Then the US and Afghan war crisis was going on.
Then came the other war - and the oil and gas crisis is the peak - people are disturbed all over and they are unable to meet their basic needs. I think it better to save the money for time being and hope this inflation passes soon.

Rehan Zakir

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It is very difficult for a newbie to decide whether this coin in which he/she is investing will pump or not? A professional trader can advise about it. Because he is in the market and he knows the coins that performs well when the market get stable.
So, buy a trading view monthly package for getting paid signals for every month. This will help you a lot about this thing.

muarip

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Quote from: globalpain on August 27, 2022, 02:40:15 AM

Quote from: muarip on August 27, 2022, 12:22:27 AM

Quote from: retreat on August 13, 2022, 02:57:31 PM

Quote from: GigaBit on August 11, 2022, 11:51:16 PM

Quote from: a.amt94 on July 06, 2022, 09:05:06 AM

Right know I'm heavily focused on accumulating as much Eth as I can. I'm almost at the goal I've set for myself in terms of how much I'd like to have before investing in another coin, since I've started investing again a short while ago. Next up I'd like to stack some ADA and BTC of course. But I can't help but wonder is accumulating ETH and ADA the right move right now? Or should I be more invested in BTC in terms of potential long-term returns?

I think Bitcoin and then Ether are very effective for long term investment. Last year we saw many experts predict that if Bitcoin stayed above $100K, Ether would be at $25K. So I think Ether could be a good investment. There are also other altcoins that you can invest especially if you invest in both BNB and ADA both of the two can give you good returns in the long term investment.

Bitcoin price history we can see and the price of ethereum has an attachment to the price of bitcoin, when the price of bitcoin goes down and up then the price is affected. for a newbie, it is best to choose a reputable cryptocurrency and bitcoin, ethereum and bnb are good recommendations.

It's only natural with the price that will appear later. if the price of Bitcoin decreases it will impact all coins. Not only Ethereum is experiencing a decline but almost everyone is experiencing it.

It has become an open secret and we can see it now when the price of Bitcoin drops then it will be followed by other coins,
actually not all coins will experience the same thing,
I think that's why Bitcoin is still the king of crypto

It's natural to see Bitcoin experiencing a decline and other children will follow suit. You can describe that Bitcoin is the queen of other coins and everything will be oriented to Bitcoin.

Ziskinberg

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Quote from: Longer27 on August 17, 2022, 03:08:43 PM

A good strategy is to buy when it's cheap and sell when it's expensive...It sounds so simple but why but why are 80% of investors in the red?

I'm not sure where you get that number 80%. Well, it can't deny that many investors have suffered losses and that is certainly because they don't know what they are doing, invested and fall into the wrong project/s, and due to uncontrollable emotions.

You can't simply think that investing in crypto, in any coins gives you assurance. A lot of scam projects and shitcoins flooded the market, and if you are too careless and lazy enough, not to wonder why you will lose.

Topic: Tips for newbie to long-term investing - page 3. (Read 2397 times)