Topic: Tips on crypto investment (Read 427 times)

If this is Bitcoin, it will no matter if you are only having and holding Bitcoin. For sure, Bitcoin is the best crypto investment.
But, if you are also investing in altcoins with your money, never put all money into one bag. You must have a good diversification on altcoin investment. But this is also quite tricky because you must ensure that all your invested altcoins are top coins, promising, potential, and trusted enough for investment long term. That is why I always get myself to put more money into Bitcoin.

As can be found on several social media platforms and several groups whose goal is to deceive users, especially new users.
The only legitimate platform for information about crypto investment is Bitcointalk, which I trust. There are many discussions that can be learned, but it is also necessary to choose which information is correct because now many are making up stories only for their own interests. and now don't believe information that isn't necessarily true.

Joining platforms is really good but hope u know that most platforms now just want to scam people joining, it will be difficult for you to see a legit platform, but platforms like Bitcointalk is really useful because you can interact with people and you can learn here without pay amount.

I know it’s unsafe to invest in only a single coin, but it’s better I invest in only bitcoin than investing in most of the altcoins which we can find in crypto space currency, you might think a altcoin is a strong one but don’t be surprise that those coins you call strong coins are the once that are going to crash in the long run. I can invest everything in bitcoin because I have the confidence that if I can hold bitcoin, then with time bitcoin is going to pump, I see bitcoin as the only coin that I think worth holding for long term. I don’t believe in all those altcoin so I will rather go all into bitcoin than spreading my money in altcoins.

Information is key and a good crypto investor should imbibe the habit of reading about crypto news & information, and always do due diligence before investing in any project. I may not agree with you that one really needs to invest in multiple portfolios in order to be a successful investor. This is because of the scams in the industry and uncertainty of some projects, some persons are just fine commiting their funds to just one established coin like Bitcoin because of its integrity. Also, one important point that's missing in your write up is that newbies should not be greedy and they should never invest what they cannot afford to lose.

The desire to continue learning and enriching oneself with various knowledge in the crypto world is very important. Because the crypto world continues to grow rapidly. moreover, there are many new issues that may also have such a high effect on the crypto market.
so it's true that when we want to invest in crypto, we really have to be prepared with the knowledge we have and want to always develop it. This might minimize losses one day and increase the possibility of taking profits, and allows us to be better prepared in various market conditions, both up and down.

Nobody knows all, so this shouldn't just apply to only newbies in the crypto sector. Everyone should continue learning because it is what will lead someone in the right direction in all aspects of life, not just the crypto industry. Seriously, you shouldn't stop learning if you want to be a good investor.


Learning shouldn't just happen in one location; use a variety of crypto platforms that you are aware of as reliable sources of information. It will be beneficial to learn things from many different places


Investment diversification is excellent idea, but if someone has more faith in one coin than others, I don't believe it is required. For instance, if I solely invest in Bitcoin because I have faith in it, that is not always a bad investment strategy.let know that it is only assurance that can guarantee an investor's investment will be profitable. What exactly would the purpose of my investment in a variety of coins that I don't trust? Thus, I am merely putting my life at danger. We should think about investing in a variety of coins because when we don't trust any one of them,with that we need to diversify our portfolio to reduce risk.

There are a lot of strategies that you could do to plan your cryptocurrency investments, You could find tons of them here in the forum, the forum is actually a great help for beginners and newbies especially learning things that could easily help them to make the right decision on cryptocurrency, we have a lot of experience members that share their investments and tips here in the forum, so for sure we can easily avoid other members mistakes.

There are a few exceptions I mean if you're just going to invest in Bitcoin only your probably going to be okay for the most part, since Bitcoin is the most popular and has the most potential cryptocurrency to skyrocket it's the cryptocurrency as well that lower risk compared to alternative coins. Most of the cryptocurrency blue chips have a high risk compared to blue chips cryptocurrency, every investor should have other investments not necessarily other cryptocurrency, but other sources of income of assets, like for example a apartment or a house that could generate income, or something like a  business.

Said it like a crypto investor, great advice 👍

I don't agree to this statement as this is a 50/50 thing,  as investments having nothing to do with a community or forum! If you are joining  a community  or forum this should be on grounds of gaining more knowledge and learning  from others what they have gone through , Do's and Don'ts etcetera.

Besides not everyone will be helpful in your crypto journey when it comes to online communities/forums as others might be out to get the same coins you call an investment via dubious methods and will befriend you in trying to get get closer to you..be cyber smart!

People who have depended on a single coin such as bitcoin have been rewarded handsomely over the years and this formula still works when BTC is the coin you have.

Btw, Naturally everyone will tell you to diversify your portfolio  to minimize risk, but then again, love of altcoins exposes you to bad risky coins which means pump and dump schemes can be closer to you than imagined...which means your portfolio value will be constantly fluctuating.

Researching backed up by asking the bitcointalk community about their opinion on something caught your attention is really the best thing we have since we can learn a lot of things thru the words given by more experience persons here. So before taking ang risky moves which we are not familiar with its better to ask than risk immediately on what we have since its to bad if we rush our decision to invest on a unknown platforms.

Here on the forum there are a lot of experienced people for whom a good cause will share its opinion with you. This can save you a lot of time and effort. Instead of independently searching for additional information about the projects in which you have invested a deposit, it is better to ask the knowledgeable. Because a beginner can focus on the rating platforms of cryptocurrencies, but it turns out that they are scams and promote only secretly paid campaigns. It was because of advice and communication that the forum was created. After all, as Einstein said, not knowing is not bad, it's bad not to ask.

The great book says, "My people suffer because of lack of knowledge" and this is what is everyday to those of us that are not ready to learn and follow the step that we ought to follow. Learning is a skill and it is what can help us to make a better decision when the time comes. If we don't have ideas about Bitcoin and the general cryptocurrency, we might become ybe scape goat that would victim to the hands of scammers. When we are learning, we need to learn without rushing or trying to jump some steps so that we can start making money which is very wrong.

IMO no. Spreading your investment don't also guarantee you good profit knowing that most other coins apart from bitcoin are without life span, how about you take out spare money to invest into Bitcoin for a long term investment don't you think it's better than investing in altcoins that may pump and dump as you clearly stated within a short time?  Every investment has it's own risk but regardless bitcoin investment has been one of the less risky investment so far especially if you are truly knowledgeable about the investment plan you want to invest and if you made proper findings before investing.

Personally, I have depended on a single coin investment which is bitcoin though the profit has not really been so much but it is far better than losing out funds in altcoins.

First of all those who are brand new to the crypto world should not invest at first. After knowing everything well with time, understand the market and then think about investment. A member in a new state will not be able to get any idea about investments, he will have to wait and try to learn for a long time. When a new member tries to learn for a long period of time, he will gradually learn various information about investments, which will lead to a time when he will become an investment-savvy person at which time he can involve himself in investments if he wants to. There is no end to learning about investing Every member needs to learn about investing every moment. So those who are new but interested in investment take time first and then decide to invest.

I'll be honest and disagree with what OP said about being unsafe on relying on only a single coin. If this is not Bitcoin then that's fine and I agree but in general, relying on one coin and that means anything in the market so Bitcoin is included. Some may say that Bitcoin isn't a coin but let's just use the term crypto. Being a Bitcoin-only investor is one of the best and safest things that a newbie can depend on in this market. You know that the market is led by Bitcoin thus, that's why I don't agree with it being said as unsafe in general.

Communities like Bitcointalk are the main ones that will provide a lot of information and knowledge that you need as a novice investor. You can get a lot and you can ask directly as long as you are active. On other social media such as Twitter or Telegram, there may be some additional information related to crypto news, but you really have to filter it so you don't read FUD that is spread on purpose.
and hanging on to a single coin is not recommended, but diversifying across a few trusted coins will give good returns, but remember that some coins are potentially worth researching unless you are getting into Bitcoin. Bitcoin is at best a coin and a major investment.

You're confusing yourself, I hope you know tokens and coins aren't the same thing. Bitcoin is a coin (not a token). Investing in multiple tokens isn't the best decision you should be making when you want to invest as tokens are usually worthless at the end of the day and having multiple of them increase your losses. As a newbie investing in the industry for the first time your attention should all be on Bitcoin ignore other distractions as you would regret in future when they all go crashing down because of some few corrections experience by Bitcoin. The only tip on investment that's valid is to accumulate Bitcoin.

It's unsafe to depend on altcoins and depending on multiple altcoins only increase the weight of the losses you'll experienced when the market has other plans contrary to what you have planned. Joining a community is recommended and this forum right here is a perfect example of a community to join because you'll be getting the best advises here. Obviously you won't have to listen to everything that's said in a community because it's a mixture of both truth and lies.

I'm not considering myself a newbie anymore, but I'm always not satisfied with the knowledge I have with regards to crypto. As a newbie, be always hungry for knowledge like those successful businessmen right now. They're always reading books that will give them information into something that they're excelling with.

Connect as a member of an active crypto community. We have already this forum as a platform already where people can just connect to each other, learn with each other, and possibly earn with each other. I don't use Reddit TBH, but I guess there is also a huge crypto community out there who are sharing information. Twitter? Just avoid that one IMO.

I know that diversifying your money is always a good idea, but instead of just investing into cryptocurrency, it would be better if you will diversify it into different asset classes. I mean invest into cryptocurrency, but at the same time, invest into stock market, bond market, precious metals etc. I don't recommend investing "ONLY" in cryptocurrency if you're a newbie. Yes the reward is high, but the risk is also high as well. Spread your investment, but not spread on different crypto coins because it will just have the same risk. If you invest in different asset class, the risk would be lower as some are less volatile than crypto.

As newbie the best cryptocurrency to invest is bitcoin and when you understand and master bitcoin then you can try Enthereum and later others to build your cryptocurrency knowledge around. Before a newbie invest in cryptocurrency, he or she has to attend extramural class/lessons to enhance his or her knowledge on cryptocurrency first before investing in it. Yes good crypto related community is also good to learn cryptocurrencies.

I would say you should understand crypto correlation , this way you can invest in opposite directions.

For example: Altcoins within the same sector: Cryptocurrencies within the same sector or with similar use cases may exhibit correlations. For example, cryptocurrencies focused on decentralized finance (DeFi), such as Aave (AAVE), Compound (COMP), and Uniswap (UNI), have shown correlations with each other due to their involvement in similar aspects of the crypto ecosystem.

I invested on a coin with no experience.I had no knowledge or experience on investing.As a new member I invested without anyone's help, this is my first investment in the currency.