Tips for newbie to long-term investing - page 6.

abel1337

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Quote from: ningrum on August 10, 2022, 02:37:36 PM

Long-term investment in my opinion is very risky for newbies, not even for newbies either, but all of them,
because in the very high volatility crypto market, our capital can be liquidated, there is a way that we can avoid that,
by eliminating greed in trading.

Crypto market is known for it's assets volatility, It's a normal behavior of most cryptocurrency to be volatile. I don't know why you tell us that the capital can be liquidated if we take long term investment path, As far as I know you can only be liquidated if you are doing leverage trading. If you continue to accumulate crypto as your investment, The value of it won't be liquidated as long as you choose the right type of crypto to buy. It's much easier and safer compared to trading that requires knowledge and effort to do. In my opinion long term investment is always a go to for newbies as long as they choose the right type of coin to purchase.

ningrum

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Long-term investment in my opinion is very risky for newbies, not even for newbies either, but all of them,
because in the very high volatility crypto market, our capital can be liquidated, there is a way that we can avoid that,
by eliminating greed in trading.

harapan

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First off, it’s good to see that you have a job and is now interested in investing in the crypto market. I’m happy to see you’ve got a job cause I’m my opinion, it isn’t advisable to put all your funds into believing you’re going to make a huge profit from investments. You should only invest with spare money and I’m glad you aren’t using all your fiat into investing.
If you’re interested in investing into coins, I think it’s obvious you should invest in the more stable coin (bitcoin). You say you already have a fair amount of ethereum saved. That’s fairly good. Now you could save up on your btc as well and in the long run, you’re sure to have some good return on investment

rozak

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Quote from: livingfree on August 10, 2022, 07:00:41 AM

With the upcoming upgrade of Ethereum and turning into proof of stake, what you're doing is timely and a good strategy. After that, you choose bitcoin.

Otherwise, it's always a good choice to have these top 1 and top 2 in the market but as what everyone will tell you to do, you should put bigger stack with bitcoin.

Well, I congratulate you OP for having this strategy because the most newbies that I see ask such questions, they're asking about some random altcoins/shitcoins they want to invest that they were interested with.

for the long term and being in a bear market, I guess piling more bitcoins is the only best.
accumulating altcoins or even shitcoins that are new lately is not going to bring us any profit. especially, in the long run, I think it will only waste our money and time.
You're right, we should pile up more and fill our bags with Bitcoins right now. after having it, we can relax for quite a long time.

sayaya17

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Quote from: Pandu Geddon on August 10, 2022, 06:43:56 AM

Quote from: NicNacCoin on August 07, 2022, 06:58:08 PM

I have seen many newbies invest some stupid coins and lose. They first enter the forum and start investing directly without taking any good route. I tell newbies to stay away from investing after coming to the forum. Still if they want to invest I would definitely say one to five to invest in Coinmarket listed coins. If all these coins are investable like bitcoin ethereum and bnb there will be no such ricks. And all these coins can definitely be profitable if invested in long term.

for beginners, the most important long-term investment is choosing the right asset. when we can choose good and right assets, we just need to make an investment plan.
sometimes what makes beginners fail in long-term investing is their impatience. because they always want to make quick profits and are afraid to lose. This situation sometimes makes people panic easily.

Most newbies usually want profit in the short term, they are usually impatient when investing in crypto, because they think investing in
crypto is easy. Even though investing in crypto is not as easy as imagined, even the risk is very high. That's why newbies are often more
interested in investing in new coins, because most newbies really want big profits in the short term. Even though the risk of investing in
new coins is big, so the possibility of losing money is much greater. Many newbies lack knowledge and experience, so newbies don't know
that the best way to make a profit in the crypto world is long-term investment. That's why newbies are advised not to rush to invest in crypto,
newbies must first learn crypto, at least so that the newbie understands how to make a safe profit in crypto. Because only knowledgeable
people understand that long-term investment in top coins can generate large profits, if we can be patient waiting for the coins we buy to reach
the target we have set.

livingfree

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With the upcoming upgrade of Ethereum and turning into proof of stake, what you're doing is timely and a good strategy. After that, you choose bitcoin.

Otherwise, it's always a good choice to have these top 1 and top 2 in the market but as what everyone will tell you to do, you should put bigger stack with bitcoin.

Well, I congratulate you OP for having this strategy because the most newbies that I see ask such questions, they're asking about some random altcoins/shitcoins they want to invest that they were interested with.

Pandu Geddon

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Quote from: NicNacCoin on August 07, 2022, 06:58:08 PM

I have seen many newbies invest some stupid coins and lose. They first enter the forum and start investing directly without taking any good route. I tell newbies to stay away from investing after coming to the forum. Still if they want to invest I would definitely say one to five to invest in Coinmarket listed coins. If all these coins are investable like bitcoin ethereum and bnb there will be no such ricks. And all these coins can definitely be profitable if invested in long term.

for beginners, the most important long-term investment is choosing the right asset. when we can choose good and right assets, we just need to make an investment plan.
sometimes what makes beginners fail in long-term investing is their impatience. because they always want to make quick profits and are afraid to lose. This situation sometimes makes people panic easily.

Mr. Magkaisa

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If the @OP is not fully knowledgeable in in trading, and yet you want to invest for a long term holdings, make coinmarketcap or coingecko become your reference as guidelines to choose in which altcoins you are going to buy, just check the top altcoins over this platform. Or if you want to try some coins that has a huge volume in the market, you could also try to search Babydoge, Mbet, shiba inu, and ISP or utk in your list data.

Athough, these altcoins I suggested to you have honestly risk, but there is a possiblity that you could save in the future once the Bull run resume in the market, I can assure with that matter. But this just my opinion, its up to you if you believe or not.

Munir575

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You are very wise to secure employment before beginning to invest the strategy you choose will depend on the salary you will be receiving. If the amount you invest each month won't significantly impact your quality of life, I believe it would be a good idea to invest a portion of your income. It's a bad idea to sell coins you bought with money you invested because you might lose money when you sell them. Always make sure the money you use to invest is the money you won't need for a while.

NicNacCoin

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I have seen many newbies invest some stupid coins and lose. They first enter the forum and start investing directly without taking any good route. I tell newbies to stay away from investing after coming to the forum. Still if they want to invest I would definitely say one to five to invest in Coinmarket listed coins. If all these coins are investable like bitcoin ethereum and bnb there will be no such ricks. And all these coins can definitely be profitable if invested in long term.

blockman

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Quote from: newdevices on August 07, 2022, 11:52:47 AM

Long-term investment for newbies in my opinion is not suitable, because long-term has a greater risk,

IMO, shorter term has the greater risk. That's why if you look at the old ones on this market, they'll tell you to be a long termer because it's more profitable and better and lucrative.

Quote from: newdevices on August 07, 2022, 11:52:47 AM

my advice short term is good enough, get 30% to 50% in short term I think you are satisfied,
if not then get rid of your greedy!.

That's not bad but sometimes if you're for the short term that percentage is quite hard to achieve depending on the performance of the project and the projection that we have for the situation of the market itself.

virasisog

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Quote from: newdevices on August 07, 2022, 11:52:47 AM

Long-term investment for newbies in my opinion is not suitable, because long-term has a greater risk,
my advice short term is good enough, get 30% to 50% in short term I think you are satisfied,
if not then get rid of your greedy!.

Long-term investment is actually suitable for everyone as long as they're holding potential coins like Bitcoin and Ethereum. It's only not suitable for those who can't have enough patience and don't trust the potential of their coins because they're usually the ones who do panic selling every time the price of the coins strikes down due to their volatility. Short-term investment isn't a wise idea especially now that we are in the bearish season.

newdevices

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Long-term investment for newbies in my opinion is not suitable, because long-term has a greater risk,
my advice short term is good enough, get 30% to 50% in short term I think you are satisfied,
if not then get rid of your greedy!.

Peanutswar

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The best and ideal tip to the newbie who would like to buy a coin is if you want to make a play-safe investment that is reliable already go for the Bitcoin and the top 10 coins but if you want to make some risk always make a DYOR and all of the research related to make sure it is a good project and trusted for the long term. Knowledge is the best investment before engaging by this you can win and lessen the risk.

yohananaomi

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Quote from: AnonBitCoiner on August 02, 2022, 10:02:42 AM

If someone is new in crypto trading so i will suggest that you should invest in coin for lengthy time period because newbies has not such a good experience and day trading can be not such beneficial for newbies. Long term investment can be useful as it overcome the chances of losing money and you will surely gain advantage out of it.

indeed many are afraid of losing their funds and that is natural so what my friend said is true, in order to place their funds in the best coin investments ranked in the cmc for the long term, so that there is little chance of losses even though the absorbed funds will settle for a long time.

actually doing short-term trades is also not wrong if you want to do it, but because it is still new it is better to do it with a small nominal so that when we have to experience a loss it doesn't make us afraid to do it again.
remember the experience of loss will make us continue to learn to improve so it doesn't happen again, which is a better learning.

gullobhai

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BE AWARE FOR DOING FUTURE TRADES DO SPOT TRADES,You should put only a part which you can afford to lose, INVEST AS DCA(Dollar Cost Average) IN declining market,avoid investing on small caps altcoins
such coins thats i want to prefer
BNB,ETH,SOL&CHQ META COINS.... DYOR

Quidat

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Quote from: crwth on August 02, 2022, 10:15:26 AM

Saw the edit by the OP; what time and date did you have the decision to invest in ETH / ADA? I think you had gone into a great time buying into those cryptocurrencies because at the time of your posting and now, I think it has gained a significant percentage, though.

As long he didnt panic sell in between the time he had posted and into those red market then he is really making some profits now but if he does then he had just missed out the opportunity.
Long term investment isnt really just for newbie but also in other veteran or oldies on this market.We do have target or goals on future which simply holding could neither be effective or not
thats why its important to consider on where you do put your investment on and wont really be that careless on making up decisions.We do have different targets or goals
in terms of price level sell out or hold thats why it would really vary.

crwth

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Saw the edit by the OP; what time and date did you have the decision to invest in ETH / ADA? I think you had gone into a great time buying into those cryptocurrencies because at the time of your posting and now, I think it has gained a significant percentage, though.

AnonBitCoiner

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If someone is new in crypto trading so i will suggest that you should invest in coin for lengthy time period because newbies has not such a good experience and day trading can be not such beneficial for newbies. Long term investment can be useful as it overcome the chances of losing money and you will surely gain advantage out of it.

suzanne5223

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Quote from: blockman on July 28, 2022, 06:14:24 PM

Quote from: suzanne5223 on July 28, 2022, 05:36:14 PM

According to my past experience, before I join this forum, I believe newbie's reason for investing in shitcoin is having the impression that cryptocurrency is a pot of gold and once they invest in it the next thing is profit.
Despite they have the option to invest in Bitcoin using the DCA method but their no experience in the crypto sphere makes them follow the crowd and paid advertisements done by influencers this is what happened with Terra.
I'm still saying it, the concept of the project ^{(Terra Luna)} didn't worth the hype.

That's for the first reason before but after years, there's the idea that there's more money in altcoins and they're going away from bitcoin because it is expensive for them. They're looking at the price of it and don't want to listen that they can buy portions of it until they make one. But no, they don't like that idea so they jump off to different cheap altcoins which they think it'll be the reason for them to become rich.

I agree with what you said but its not applicable to every newbie because we still have some of them with the aim of holding at least a whole Bitcoin and I believe those that choose to invest in altcoin does that with the purpose of making a profit and they fall for shitcoin trick because 96% of them are hype based.
In the meantime, I hope every newbie who is following this thread will make the right decision by putting most of their investment in Bitcoin.

Topic: Tips for newbie to long-term investing - page 6. (Read 2586 times)