There are two things I always use in investing on Cryptocurrencies. Long term goals and patience/endurance if these things are accomplish then everything is okay.
Topic: Tips on crypto investment - page 3. (Read 361 times)
There are two things I always use in investing on Cryptocurrencies. Long term goals and patience/endurance if these things are accomplish then everything is okay.
As long as you can find the right coins as an investment, you don't need to worry because you can make a profit. But unfortunately, finding the coins requires further research and not everyone who manages to get it.
Finding the right coin is a very difficult task for all investors and that's why it's much preferable to not invest only in one coin as we are not certain which coin could be the profitable coin we're looking for. But that doesn't mean we just invest into every coin that comes out way that's why a crucial research is necessary and can't be overemphasized. Someone said sometime about investing on bitcoin as a single investment, yes bitcoin is a good coin to invest in but that doesn't mean it's not also profitable to diversify into other coins, doing your research before investing.
Anyone who is investing on any cryptocurrency must be a researcher and must read different articles, news, blogs because failure to read other people mistakes and correct will lead to a drastic loss of funds. And the only platform that give full information on any altcoin and bitcoin is bitcointalk, I know that there others but it is not like the way bitcointalk organized theirs. There was a time checked Ethereum platform omen, I have to run come back because I didn't understand anything there.
There are two things I always use in investing on Cryptocurrencies. Long term goals and patience/endurance if these things are accomplish then everything is okay.
There are two things I always use in investing on Cryptocurrencies. Long term goals and patience/endurance if these things are accomplish then everything is okay.
Joining a crypto community or platform can provide more knowledge about crypto. We can also find out what is trending in crypto and maybe we can also participate to benefit.
By having more knowledge about crypto, we can find ways to make a profit but of course, patience is also needed. Not many people succeed in making profits; on average, they are impatient and too greedy to make big profits quickly.
As long as you can find the right coins as an investment, you don't need to worry because you can make a profit. But unfortunately, finding the coins requires further research and not everyone who manages to get it.
By having more knowledge about crypto, we can find ways to make a profit but of course, patience is also needed. Not many people succeed in making profits; on average, they are impatient and too greedy to make big profits quickly.
As long as you can find the right coins as an investment, you don't need to worry because you can make a profit. But unfortunately, finding the coins requires further research and not everyone who manages to get it.
As newbies when investing in crypto don't be satisfied with your leading knowledge attainment about crypto, endeavor to continually do research on the crypto asset's you have invested on as it would aide you on a trajectory course about your investment's. By so doing you're not easily taking by surprise on any misgiving that may arise about a portfolio you have investment with.
Another gateway to keep abreast is to get connected as a member of an active crypto community or platform. Having membership of different communities is an added advantage but make sure they are a genuine platform with a good history just like bitcointalk.
As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.
Yeah, newbies really do need it in order for them to grasp the difference of investment in Bitcoin over shit coins because most of them are still hoping that these new released coins are giving them profit which in fact will give them but if they are lucky to manage to sell fast during at the top/ATH of the coins/project. Once they aren't quick enough to ride the market then a quick downfall/dump will eat every investment they put on that project.Another gateway to keep abreast is to get connected as a member of an active crypto community or platform. Having membership of different communities is an added advantage but make sure they are a genuine platform with a good history just like bitcointalk.
As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.
There are quite few trusted coins that I want to invest I want to spread my investment and those coins are having a long history just like Ethereum.
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Having membership of different communities is an added advantage
Only if you are invested in those different projects, then you need to catch up with multiple communities.Someone who is all in Bitcoin, they don't need to join various groups or channels on different social media apps.
The only crypto I love after Bitcoin is Ethereum. It's cool.
As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.
This isn't a prerequisites to always invest in more than one coin, you can not predict the Capital people have to invest in. It's also advise to start small then you can grow your portfolio gradually.Investing in one coin is very ok especially Bitcoin if you have low Capital to afford more than one but if you do then make sure not to investing wisely, experimenting on lower coins just because they are cheap can be a high way to loses, try investing in coins with good history and has more potentials even if that means getting little of it because of the prize but you can be sure you are at a lesser risk than any random lower prize coin. The market is volatile and any coin can hit the ground running as a result of hype or whatever that's hard to predict but try making your priority about investment security than a test of faith.
Another gateway to keep abreast is to get connected as a member of an active crypto community or platform. Having membership of different communities is an added advantage but make sure they are a genuine platform with a good history just like bitcointalk.
Not bad to join an online community, but be very careful and avoid scam.As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.
It is very safe to invest in only bitcoin than going for altcoins. But be wise, bitcoin is speculative, but less volatile than altcoins which are riskier. Most altcoins have no utility and consider most of them to be gambling too.
As newbies when investing in crypto don't be satisfied with your leading knowledge attainment about crypto, endeavor to continually do research on the crypto asset's you have invested on as it would aide you on a trajectory course about your investment's. By so doing you're not easily taking by surprise on any misgiving that may arise about a portfolio you have investment with.
Another gateway to keep abreast is to get connected as a member of an active crypto community or platform. Having membership of different communities is an added advantage but make sure they are a genuine platform with a good history just like bitcointalk.
As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.
Another gateway to keep abreast is to get connected as a member of an active crypto community or platform. Having membership of different communities is an added advantage but make sure they are a genuine platform with a good history just like bitcointalk.
As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.
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