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.

Continuous learning is very important, not just in crypto alone but also in any form of investment because this is a tool to help us grow and achieve our goal/plan. That is why we don't have to feel confident that we are good already because of a few achievements but must continue learning more and discover new things and a new strategies as this will help us to become more competitive.

 - must learn more about how to choose coins for profitable investment
 - must know more about managing funds
 - must know how to analyze and track our investment

We need to diversify our investment, as an investor I do advise people to invest in different sources so that they can make profits when other investment is not giving them money like the rest. Bitcoin is the only trusted cryptocurrency in the market that can stand strong even when other crypto projects are falling and crashing. We need to keep most of our holdings in Bitcoin if we are majorly crypto investors. This will make us have some confidence in the market and it will also given us some good profits if Bitcoin increases in price.

Bitcoin is the only asset that you can invest money on and block the rest off your life without worrying about anything, because Bitcoin always works in the end, profits? Be rest assured, confidence? Not only that but you will be able to worry less with Bitcoin.

Altcoins are way risky and I am not out of them either ways, that's because I can make more Bitcoin investing in altcoins, so the main reason why I have some altcoins is to end up having more Bitcoin.

Carefully select your altcoins, make sure they are not pump and dump and always take profit when they do so well in a bear market because it's important for a correction to happen and it's unavoidable.

This advice also applies to bitcoin - no exception so no one should be 100% sure of that. We've found a lot of worthless shitcoins on the market that may as well have lost their place of exchange due to being delisting by exchanges, so that should be the reason why they aren't 100%.

I wouldn't say bitcoin will be scam in the future - but something about its future is unknown to anyone including the possibility of failure. So your advice might be useful for anyone who is just starting their adventure in the crypto world.

In my opinion, the most crucial rule when it comes to investing in cryptocurrency is to only invest what you can afford to lose. The crypto market is known for its instability, and there have been instances where certain coins have plummeted to zero value. As an investor, if you hold such coins, you run the risk of losing everything. This advice holds significant importance for all investors, and it is essential to remember that anything can happen in the world of crypto. Therefore, it is advisable to adhere to this rule consistently and exercise caution at all times.

And that's why a sizeable amount of people end up going back to being bitcoin-only. Sometimes trying to find risky altcoins to buy isn't the right strategy — it's simply just buying and holding bitcoin, and try to increase your income through other means like jobs and businesses.

You should always understand that investing is a very risky business. And before investing your money somewhere, it is necessary to carefully conduct all the checks on whether it is worth trusting the project or not. If you are targeting altcoins, be prepared that your money may go to waste, even with a thorough preliminary analysis. This happens quite often, so if you are not ready to take risks, it is better to leave your choice on Bitcoin and be patient enough to receive your dividends after a certain time.

The different platforms now offer various sets of learnings and communities that can be used to gain knowledge, experience, and skills with the help of other people. Still, we cannot deny this kind of way has a risk. For example, scams and phishing, there are a lot of people pretending that they want to help you with your path to make a successful investor in the cryptocurrency world. Still, some of them want to steal those from you, so if there's money involved in learning seems like a red flag, don't get a sugar coat with those wants to be mentors on the internet. You could learn those too from yourself. The community you are in that would like to build a good member with a good way of learning and earning is one of the best ways to be more knowledgeable about those possible scams.

When you think you are in total control but you don't give up on learning you will later realize that you were never that smart in the beginning, you will be thankful to your will to learn more and that's why you can find out your faults.

I have some coins in my crypto portfolio and as time goes by, I end up selling the majority of those coins for better ones, they were good to my eye in the first place, and as time goes on I realize that they are not that good.

I was able to get better at this because of my will of learning more every day, don't ever feel like you are better, make sure you keep working on getting better and better every day.

What you mean by primary knowledge is probably the basic knowledge to invest or trade in crypto. It's true, if you only rely on the basics and don't develop your knowledge, you will surely be less than optimal in getting the benefits.

Because if you become an investor in the field of crypto, it is very obligatory to continue to do analysis, research, and learn about crypto, especially the crypto you are investing in. Because if you don't continue to dig up all the knowledge and information, it will definitely be difficult when you want to get benefits. But I'm sure, if someone is serious about investing in crypto, they will always continue to research and analyze the crypto they are investing in. Whether it's a beginner or an older one, because all of these people will definitely work hard so they can benefit.
It all depends on the decisions of each person who invests. Whether it's investing in lots of crypto (altcoins) or one of the highest quality cryptos like bitcoin, everyone will have a different opinion about this. Because when someone invests in crypto, they definitely have the same goal, which is profit. But there are various ways to get it, such as by trading in the short term, or trading in the long term. So your opinion is also true, for crypto investors who have a habit of making profits the way you do. But that's not necessarily true for all investors in crypto.

This is the advice that gets people to unnecessarily "diversify" their holdings into more and more likely-to-die projects — with people thinking they know what they're doing but in fact, they don't. The safest advice is to simply go bitcoin-only.

Someone will suggest hence different opinion about those coins and tokens. But at the end of the day its your call which or how many tokens you will buy at the market. For me Id buy tokens that I generally use or have purpose for me. Some arr hold for a long term venture while others are literally for short term goal or to made some profits. You could range your tokens or eggs. Doesnt mean that you need to hold some for a lifetime.

OP was in the right place right now joining here in the forum and we know OP received a bunch of opinions from our fellow members.
But in a group like social media which Telegram group should OP avoid, there are a bunch of fraudulent happening there like pump and dump groups.

I rather advise stay away from investing in random altcoins, but instead, choosing Bitcoin alone.
Bitcoin has demonstrated resilience over time and has gained widespread recognition as a store of value and a potential hedge against inflation.  It has shown strong performance historically especially every time when there is ATH will come.  However, it's still important to keep in mind that no investment is entirely risk-free not unless Bitcoin sell when your profit was there but there's no specific time.

Broadly speaking, Bitcoin is much better when compared to Altcoins, and the risks arising from Bitcoin are not too big compared to us taking Altcoins, even though both are places where they have risks, people will of course continue to use them, and actually if you want to invest in This altcoin also doesn't hurt as some of them are good.

Investing in a bunch of altcoins as a form of risk management is a very dumb idea, the idea “don’t put all your eggs in one basket” doesn’t work the same way in crypto. Without proper research and understanding you can invest in ten shitcoins and they all lose value. I think beginners should focus more on bitcoin, it has the least volatility compared to altcoins.

Invest in those coins that have high potentials to be profitable. In short, stick with bitcoin and just diversify your investments with stocks, gold and real estate. That way, if one investment fails, at least other investments have still chances to give you passive income.

What if all the altcoins you wisely buy to diversify your portfolio go down just like Luna, FTX, and other coins do?

I think instead of diversifying your portfolio with altcoins, you should focus on adding more Bitcoin to your portfolio since I am sure you believe that the crypto market is controlled by the BTC price.

Bitcoin is the safest investment one can make with less risk if borrowed money is not used.

It's fine to listen to you. But it would be better if you highlight the most important aspects of an investment. Point out the factors that make a person ready to invest. I'm also interested to know.

Not to Bitcoin.

I get this and it's more of being concerned and to diversify. It's a good strategy but you don't have to diversify a lot. I've seen people that have been following this strategy but then, when you get to see that strategy followed by them. You might be disappointed because they do follow a lot of communities and altcoins and it's not the type of diversification that you may want to see on them but on me, I don't do that.

If you are investing in something like cryptocurrency, staying atuned with every new information about it and it's development should be what you are committed to doing. It is not good to just invest in Cryptocurrency and just leave it there. Another thing I have noticed is that when making the decision to invest in Cryptocurrency, it is good to invest more in Bitcoins than any other Cryptocurrency. There are many Cryptocurrency and to a new person, they can make the mistake of thinking investing in another Cryptocurrency is better.

Yes those two picks are important to keep to mind while investing but don't forget that those twe key points aren't important as researching about a coin having to get a full indepth details on it before investing, cause if you end up investing on the wrong coin and it pump and dumps never rising as many shit coins does then your long-term goals and patient would be of no use cause you might end up waiting forever.

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.

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.

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.

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.

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.

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.

Not bad to join an online community, but be very careful and avoid scam.

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.