Topic: Understanding cryptocurrencies and investment. (Read 1359 times)
Op your words incdiates, you are in primary stage of crypto where you have need to know a lot. Normally there are two period which is bull and bear. Bull market is best time to investing cause all coins go higher even shitcoin pump. Investment gets profitable with less risk. New coins also can be bought but for them who know about fundamental & what to buy. Another one is bear period, that time market dump most of the time and people invest less. Although eth btc bnb link matic sol all are pump a lot already. Another chnace for buy them with cheap might be possible after this April once halving effect is done.
Cryptocurrency and investment both are not same and totally 2 different ways like crypto currency is for the buying a crypto coins and holding for biggest profit and can do sell anytime but investment sector's not like this when you want to sell than can,t do that.
Any where we are putting our money in the crypto market, we need to be smart and act fast so that we are not going to be too late in the market before we invest. Cryptocurrency is all about calculating because this is one of the ways we could make money for ourselves and if not, we might keep having problems for ourselves which could affect us if care is not taken. It is good we learn and understand everything before we ever invest in cryptocurrency.
My opinion is that there are no universal rules for determining the best cryptocurrency and timing to invest in it. It's important to monitor the market and its dynamics, as well as stay informed about news in this sphere. In this business, one should never rush and it's better to double-check everything.
Yep, that's the basic understanding one should have, no one is going to serve them the best cryptocurrencies in a plate for them, even if you see a certain cryptocurrency in the top list, you should still do your due diligence before you invest in it so that you can be sure that the project has got the potential which is why it is on the top and it isn't because of a trend or some hype that made it gain that rank in the list.So as a trader, one should be able to do research and analyse projects and all the metrics in them to determine whether a project is good enough for an investment or not, if they think they can't do this, they should only invest in cryptocurrencies that they already know are good and trusted such as Bitcoin, Ethereum, Ripple, Litecoin, etc.
My opinion is that there are no universal rules for determining the best cryptocurrency and timing to invest in it. It's important to monitor the market and its dynamics, as well as stay informed about news in this sphere. In this business, one should never rush and it's better to double-check everything.
First of all there is a bitcoin about which you don't have need to make identification after which Ethereum is on top list of all altcoins so choose these two coins for investment without any doubt of its success.
Actually the period of timing for top coins are four years because Bull season arrives after four years so hold until you get the profit. Just search about top coins and then choose among them but don't forget to invest in bitcoin and Ethereum as they will not disappoint you if you hold it for profit until Bull season.
Actually the period of timing for top coins are four years because Bull season arrives after four years so hold until you get the profit. Just search about top coins and then choose among them but don't forget to invest in bitcoin and Ethereum as they will not disappoint you if you hold it for profit until Bull season.
You should practice investing hundreds of times and research everything about how and when you invest. Only those with more experience benefit from crypto investing. Moreover, if you lose money here, it can never be recovered. Even if no one is willing to help you, you should not waste all your capital investing. Consider a specific amount that is your extra capital as an investment.
Many people invest hundreds of times but lose their invested money. There are others who see higher returns on one investments. Coins that offer higher returns are the riskiest to invest in and people invest more in them and lost more money. I've seen many experienced people focus on just a few coins and earn good profits from them. It is always better to focus on top tier coins when investing. Best to invest is bitcoin, also top alt coins ethereum, bnb, litecoin, solana are good for investment and may not expect 100x from them but can easily expect double, triple or quadruple returns from here in future.
We should must know about the coin because if we don't know that whether their coin is good or not then we will never be able to choose good coin on the other hand if we invest with a proof of identification about the success rate like that of bitcoin, ethereum, BNB and many more then the chances of our winning will be more and we will not blame investment field.
In a case of bitcoin we can invest anytime but we should think properly before investment in altcoins as everyone altcoins does not pretend to be higher in worth. We have to wait for occurrence of dip in altcoins price so that time if we buy coin and hold until the price become favorable then sell it to attain the deserved profit.
In a case of bitcoin we can invest anytime but we should think properly before investment in altcoins as everyone altcoins does not pretend to be higher in worth. We have to wait for occurrence of dip in altcoins price so that time if we buy coin and hold until the price become favorable then sell it to attain the deserved profit.
see the development and history of the project.
a coin that can last several years may be considered a long-term project, but if there is no development of the project the project may also die.
I'm not here to shout, disturbing me will on solve any problem. Most people are still unaware about the system, while some already spot the difference from far away, it's all done with common sense. The development we all be itching to hear is coming closer, atleast we don't get to dress him up by ourselves, he's capable of doing most of the chores by himself, he just need to swiftly transform himself. Understand that crypto projects doesn't pump in a day, it days, weeks or even months to pump to ATH. a coin that can last several years may be considered a long-term project, but if there is no development of the project the project may also die.
Understanding cryptocurrency and it investment is the only way that we can enjoy the benefits in cryptocurrency. Cryptocurrency is not about rushing to invest your money to gain profit. When their is no good understanding about cryptocurrency is either you can lose your money by not having understanding about the market, you can also lose your money by investing in the wrong coins. It is impossible to succeed in cryptocurrency when their is no understanding.
Making money by investing in cryptocurrency is as easy as it is difficult. If you can invest in cryptocurrency at the right time, you can make a profit. If you invest in the time when the market is dumping, you can make a profit. Investing should be started. After some time investment has to be done with lot of risk. All this time we have to do a lot of analysis in them otherwise we have to face lot of loss. 
see the development and history of the project.
a coin that can last several years may be considered a long-term project, but if there is no development of the project the project may also die.
a coin that can last several years may be considered a long-term project, but if there is no development of the project the project may also die.
Cryptocurrency is digital money that doesn't require a bank or financial institution to verify transactions and can be used for purchases or as an investment.
If you only have a deep understanding of cryptocurrency, for sure you will know what cryptocurrencies have the potential to give you profit in the future. But if you don't have it and it's just a superficial idea, you can get lost and get carried away by the hype of other altcoins in this industry field.
So you should also know the importance of knowledge about cryptocurrency so that you can learn the right cryptos that you want to invest in for short- and long-term holdings, because this is the cycle of the crypto space in this business.
Having the fundamental knowledge and their impact on its price and growth is important. Some project have huge token supply and some have small. It is important for a new investor to understand why all the project have different types of token supply and use different blockchains. How does all this affect the project both negatively and positively? So if a GameFI project is using the L1 ETH network for smart contract interaction then this will not be good for that project in the long run because frequent transactions with the ETH mainnet will cost huge gas fees which will force the user to stop playing the game at some point. This is the negative side of a project and its token is not good for investment.
The more we invest in different projects, the better experience we will acquire about the cryptocurrency market and how to stay safe without falling prey on projects that will never profits us.
Cryptocurrency is digital money that doesn't require a bank or financial institution to verify transactions and can be used for purchases or as an investment.
If you only have a deep understanding of cryptocurrency, for sure you will know what cryptocurrencies have the potential to give you profit in the future. But if you don't have it and it's just a superficial idea, you can get lost and get carried away by the hype of other altcoins in this industry field.
So you should also know the importance of knowledge about cryptocurrency so that you can learn the right cryptos that you want to invest in for short- and long-term holdings, because this is the cycle of the crypto space in this business.
Having the fundamental knowledge and their impact on its price and growth is important. Some project have huge token supply and some have small. It is important for a new investor to understand why all the project have different types of token supply and use different blockchains. How does all this affect the project both negatively and positively? So if a GameFI project is using the L1 ETH network for smart contract interaction then this will not be good for that project in the long run because frequent transactions with the ETH mainnet will cost huge gas fees which will force the user to stop playing the game at some point. This is the negative side of a project and its token is not good for investment.
I like sharing and investing in different coin so that my profits will be scattered.
Having good understanding and making good research to get a better information is the best rhing to do before putting money into any crypto related investments or anything business, once you get good understanding back it up with useful research and arrive at a specific conclusion i believe we will know how to divicify our funds for investments. Moreover having different different projects is a good idea because they you will have hope of getting a good return if one of the projects turns out well while others fail.
Understanding cryptocurrency and it investment is the only way that we can enjoy the benefits in cryptocurrency. Cryptocurrency is not about rushing to invest your money to gain profit. When their is no good understanding about cryptocurrency is either you can lose your money by not having understanding about the market, you can also lose your money by investing in the wrong coins. It is impossible to succeed in cryptocurrency when their is no understanding.
If you want to invest, you should do it in BTC. If you have extra money after living your daily life that is worth investing then I would say invest it in Bitcoin instead of wasting it. There is no specific time to invest in Bitcoin, you can invest throughout the year and hold it until the bull run. But I do not give any guarantee or advice to invest in alt coins. It all depends on your personal preference. But let me tell you one thing never expect or wait for more profit in alt coin.
I think your advice is not so good. First, Bitcoin is not the only cryptocurrency and the person investing in it at the high price it is now will only make a small amount of money compared to altcoins. Notwithstanding, this does not still stop anyone from investing in Bitcoin but calls for wisdom even as many altcoins are good projects and have better prospects for earning than it. One could divide the money into parts and invest a portion in Bitcoin and others in altcoins, and by doing this, the person has diversified his portfolio and should be getting ready for higher returns than though it was Bitcoin alone when the investment was made.Also, it might be so unprofessional to say that anyone can invest every time, there are approaches to doing this, only that Bitcoin and crypto investment make it easy for people to the extent that when you make a bad decision, sooner or later, crypto will still appreciate, and that's why you believe that investment can be treated anyhow. There are approaches to doing it rightly, and the summary of the ones I know are to;
1. DCA (At uncertain times).
2. Buy when long-term support is hit or when the market has bottomed.
3. Buy when the market is bullish.
If you want to invest, you should do it in BTC. If you have extra money after living your daily life that is worth investing then I would say invest it in Bitcoin instead of wasting it. There is no specific time to invest in Bitcoin, you can invest throughout the year and hold it until the bull run. But I do not give any guarantee or advice to invest in alt coins. It all depends on your personal preference. But let me tell you one thing never expect or wait for more profit in alt coin.
Cryptocurrency is digital money that doesn't require a bank or financial institution to verify transactions and can be used for purchases or as an investment.
If you only have a deep understanding of cryptocurrency, for sure you will know what cryptocurrencies have the potential to give you profit in the future. But if you don't have it and it's just a superficial idea, you can get lost and get carried away by the hype of other altcoins in this industry field.
So you should also know the importance of knowledge about cryptocurrency so that you can learn the right cryptos that you want to invest in for short- and long-term holdings, because this is the cycle of the crypto space in this business.
Having the fundamental knowledge and their impact on its price and growth is important. Some project have huge token supply and some have small. It is important for a new investor to understand why all the project have different types of token supply and use different blockchains. How does all this affect the project both negatively and positively? So if a GameFI project is using the L1 ETH network for smart contract interaction then this will not be good for that project in the long run because frequent transactions with the ETH mainnet will cost huge gas fees which will force the user to stop playing the game at some point. This is the negative side of a project and its token is not good for investment.
I like sharing and investing in different coin so that my profits will be scattered.
First of all understanding the basic of cryptocurrencies in general will help you in choosing which in specific to invest into. There are many crypto currencies out there that you can invest into but I assure you the best of them all is investing into Bitcoin. Bitcoin a decentralized currency not associated or controlled by a third party unlike other altcoins, which entails higher risk factors than Bitcoin.
You might still look outside the box as of if you need making profit during a short period of time, they are many and it is left of you to do your own research before investing into such altcoin. Involvement in Altcoins are risky and you must keep close watch on the project and their very potential in the market space as many Altcoins are only made to last for months before the project's get rug this kind of shitcoins always comes with hype encouraging investors to keep buying more of their coin and at some point they become inactive and that becomes the end, all funds are lost. So one need to be conscious on which crypto currency he has in mind to invest
You might still look outside the box as of if you need making profit during a short period of time, they are many and it is left of you to do your own research before investing into such altcoin. Involvement in Altcoins are risky and you must keep close watch on the project and their very potential in the market space as many Altcoins are only made to last for months before the project's get rug this kind of shitcoins always comes with hype encouraging investors to keep buying more of their coin and at some point they become inactive and that becomes the end, all funds are lost. So one need to be conscious on which crypto currency he has in mind to invest
Cryptocurrency is digital money that doesn't require a bank or financial institution to verify transactions and can be used for purchases or as an investment.
If you only have a deep understanding of cryptocurrency, for sure you will know what cryptocurrencies have the potential to give you profit in the future. But if you don't have it and it's just a superficial idea, you can get lost and get carried away by the hype of other altcoins in this industry field.
So you should also know the importance of knowledge about cryptocurrency so that you can learn the right cryptos that you want to invest in for short- and long-term holdings, because this is the cycle of the crypto space in this business.
Having the fundamental knowledge and their impact on its price and growth is important. Some project have huge token supply and some have small. It is important for a new investor to understand why all the project have different types of token supply and use different blockchains. How does all this affect the project both negatively and positively? So if a GameFI project is using the L1 ETH network for smart contract interaction then this will not be good for that project in the long run because frequent transactions with the ETH mainnet will cost huge gas fees which will force the user to stop playing the game at some point. This is the negative side of a project and its token is not good for investment.
Cryptocurrency is digital money that doesn't require a bank or financial institution to verify transactions and can be used for purchases or as an investment.
If you only have a deep understanding of cryptocurrency, for sure you will know what cryptocurrencies have the potential to give you profit in the future. But if you don't have it and it's just a superficial idea, you can get lost and get carried away by the hype of other altcoins in this industry field.
So you should also know the importance of knowledge about cryptocurrency so that you can learn the right cryptos that you want to invest in for short- and long-term holdings, because this is the cycle of the crypto space in this business.
Knowledge is the key factor to survive and be successful from this venue of investment, if you don't have that and you are just leaning with your luck, the chance of losing a lot is very possible, if you are treating it like gambling then you should also expect that it won't give you that success aside from having big luck beside you.
Better to learn and not to stop doing your research and study, it's a never ending learning as the market keeps on changing from time to time.
Cryptocurrency is digital money that doesn't require a bank or financial institution to verify transactions and can be used for purchases or as an investment.
If you only have a deep understanding of cryptocurrency, for sure you will know what cryptocurrencies have the potential to give you profit in the future. But if you don't have it and it's just a superficial idea, you can get lost and get carried away by the hype of other altcoins in this industry field.
So you should also know the importance of knowledge about cryptocurrency so that you can learn the right cryptos that you want to invest in for short- and long-term holdings, because this is the cycle of the crypto space in this business.
Jump to: