Understanding cryptocurrencies and investment. - page 2.

Blitzboy

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Quote from: Webetcoins on November 30, 2023, 04:48:10 AM

Quote from: Velemir Sava on November 30, 2023, 01:53:26 AM

Quote from: initim on May 05, 2023, 03:15:45 PM

How do we identify the best coin and the period to invest in these types of coins?

I think it's not too difficult and there are lots of tutorials that explain general things like this, but there are also looking for references from trusted and updated sources so that they are useful for your investment decisions. don't just rely on one source of information, compare it to other sources, then take a step and decide whether to enter or not.

If in doubt consult with friends who are experts regarding your plans and discourse. Simple i think.

Yeah you are right, it's very important for someone to do their due diligence and do a lot of research and analyzation about a project to find out if it's actually worth investing in or not, however, it's not possible for anyone to always perfectly time the market when they are either going to buy or sell an asset because the market is highly unpredictable, you might think that the current price is the top or bottom price of a certain cryptocurrency but it can always catch you by surprise.

So, a trader shouldn't look to time the market perfectly whenever they are entering or exiting a position because even the ones who have been in the market for years can't do that perfectly and their knowledge and experience is way vaster than ours. That's why, do it when you think the time is right instead of waiting for the perfect moment.

Timing is important, but strategic planning and market factors are too. In cryptocurrency, especially Bitcoin, deeper analytics are needed. Understanding market trends, technology, and global economic considerations is more than "buy low, sell high".

Even for experienced traders, market timing is often futile. Continuous education and risk management are crucial. You recommend acting when it "feels" correct, but analysis must support intuition. Bitcoin's potential as a digital asset goes beyond speculative trading. Bitcoin and other cryptocurrencies should be invested in long-term due to its worth and financial disruption potential. Thus, while timing is uncertain, research and market fundamentals are essential for educated decision-making.

Webetcoins

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Quote from: Velemir Sava on November 30, 2023, 01:53:26 AM

Quote from: initim on May 05, 2023, 03:15:45 PM

How do we identify the best coin and the period to invest in these types of coins?

I think it's not too difficult and there are lots of tutorials that explain general things like this, but there are also looking for references from trusted and updated sources so that they are useful for your investment decisions. don't just rely on one source of information, compare it to other sources, then take a step and decide whether to enter or not.

If in doubt consult with friends who are experts regarding your plans and discourse. Simple i think.

Yeah you are right, it's very important for someone to do their due diligence and do a lot of research and analyzation about a project to find out if it's actually worth investing in or not, however, it's not possible for anyone to always perfectly time the market when they are either going to buy or sell an asset because the market is highly unpredictable, you might think that the current price is the top or bottom price of a certain cryptocurrency but it can always catch you by surprise.

So, a trader shouldn't look to time the market perfectly whenever they are entering or exiting a position because even the ones who have been in the market for years can't do that perfectly and their knowledge and experience is way vaster than ours. That's why, do it when you think the time is right instead of waiting for the perfect moment.

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Quote from: initim on May 05, 2023, 03:15:45 PM

How do we identify the best coin and the period to invest in these types of coins?

I think it's not too difficult and there are lots of tutorials that explain general things like this, but there are also looking for references from trusted and updated sources so that they are useful for your investment decisions. don't just rely on one source of information, compare it to other sources, then take a step and decide whether to enter or not.

If in doubt consult with friends who are experts regarding your plans and discourse. Simple i think.

Kuntus

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Identifying the best coin and the right time to invest involves thorough research. Consider factors like the project's fundamentals, technology, team, community support, and market trends. Monitor news, follow expert analyses, and be cautious of market volatility. Diversify your investments and only invest what you can afford to lose.

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Quote from: Wahyuihib on August 30, 2023, 08:36:41 PM

no hard way is needed actually to know which coin we should invest. just take the coins in the top 5 such as BTC, ETH, BNB and so on. please buy and keep it until one day you make a profit when you sell it again

Yes buy and keep it. But must be base on timing. You can buy in the beariah season and sell during bullrun. not just anytime buying. Because you might not be able to make profit if you buy when it's green, because it might never grow again. But buying I'm the beariah season gives you an assurance that you definitely going to make something good out of it.

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Quote from: initim on May 05, 2023, 03:15:45 PM

Crypto is a digital currency that comprises different coins. It's important that we understand how this coin works and which to invest in. How do we identify the best coin and the period to invest in these types of coins?

There is no need to identify which cryptocurrency is a good investment. We ourselves should know how to choose what potential crypto we think will help us for future profit.

Because if we don't have an idea or understanding of cryptocurrency, the capital that will be used in the crypto assets that we choose will surely be in jeopardy. That's why it's really different people who have knowledge here.

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Quote from: lepbagong on August 30, 2023, 08:33:28 PM

Quote from: JeffBrad12 on August 28, 2023, 08:12:00 AM

Quote from: FahriZah on August 25, 2023, 11:55:26 AM

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.

completely wrong, cryptocurrency also serve the purpose of becoming investment instruments and its really good for investment too.
truth to be told, the overall growth of bitcoin has been so massive that if you see the price from its first introduction to this day, its still up so high.
the other investment instruments also have the capability of being liquidated too, so its not limited with cryptocurrency.
take for example is stock, you could literaelly sell it and liquidate it anytime.

I strongly agree that stocks, gold, crypto, etc. are also called investments, which are the action of placing funds where desired so that at a certain time they will produce profits from that action.Of all the investments currently available, crypto has great potential [there is also real estate] and is promising, especially against Bitcoin, which has experienced a very significant increase.So don't hesitate to place your funds in Bitcoin and potential altcoins, because they will provide profits that will not disappoint.

Learn the business before taking the big risk, though I also agree that crypto space can provide decent benefits as long as you understand the business very well, with knowledge, you will not judge the market to what its current movement but more on how you anticipate the possible trends, with those sets of examples investing your money to where your knowledge is really exceeding, not just by following anyone
or following the trending business but by doing your research to back up your prospect venue of investment.

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no hard way is needed actually to know which coin we should invest. just take the coins in the top 5 such as BTC, ETH, BNB and so on. please buy and keep it until one day you make a profit when you sell it again

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Quote from: JeffBrad12 on August 28, 2023, 08:12:00 AM

Quote from: FahriZah on August 25, 2023, 11:55:26 AM

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.

completely wrong, cryptocurrency also serve the purpose of becoming investment instruments and its really good for investment too.
truth to be told, the overall growth of bitcoin has been so massive that if you see the price from its first introduction to this day, its still up so high.
the other investment instruments also have the capability of being liquidated too, so its not limited with cryptocurrency.
take for example is stock, you could literaelly sell it and liquidate it anytime.

I strongly agree that stocks, gold, crypto, etc. are also called investments, which are the action of placing funds where desired so that at a certain time they will produce profits from that action.Of all the investments currently available, crypto has great potential [there is also real estate] and is promising, especially against Bitcoin, which has experienced a very significant increase.So don't hesitate to place your funds in Bitcoin and potential altcoins, because they will provide profits that will not disappoint.

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Quote from: FahriZah on August 25, 2023, 11:55:26 AM

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.

Although buying cryptocurrency can be an investment, but most investments have many options, such as buying stocks, bonds, real estate, gold and other valuable metals, including buying cryptocurrencies. But it is easiest to buy cryptocurrencies in many countries. However, investments in cryptocurrency can bring high income or large losses.

JeffBrad12

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Quote from: FahriZah on August 25, 2023, 11:55:26 AM

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.

completely wrong, cryptocurrency also serve the purpose of becoming investment instruments and its really good for investment too.
truth to be told, the overall growth of bitcoin has been so massive that if you see the price from its first introduction to this day, its still up so high.
the other investment instruments also have the capability of being liquidated too, so its not limited with cryptocurrency.
take for example is stock, you could literaelly sell it and liquidate it anytime.

savetheFORUM

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Quote from: Kezacky on August 23, 2023, 09:40:29 AM

I think Determining the best currency to invest and the right time to invest are complex questions and there is no universal answer for everyone. You need to research and research the currencies listed and evaluate them based on factors such as liquidity, supply and demand, its performance potential, and others. but With Bitcoin, Ethereum, and BNB, you can keep it as long as you like because its value will definitely increase along with its use and demand.

Determining the best cryptocurrency might not be as difficult as determining the perfect time to make your investment because you can evaluate a cryptocurrency based on its historical data and records and understand that it is a good one but the market is way too unpredictable which makes it extremely difficult to time the market perfectly, even those who understand the market pretty well will sometimes fail in buying at the correct time.

However, when you are trading in the spot market, it is not a problem if you mistime a few trades and make the other almost perfectly because you can always just wait until the market goes up a bit again and resell the coins you've bought at the wrong time and then retry with another one.

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Quote from: aseprebel on August 25, 2023, 09:38:11 AM

Quote from: Sebas.tian on August 24, 2023, 01:32:08 AM

Quote from: initim

How do we identify the best coin and the period to invest in these types of coins?

Very easy to identify the best coin to invest in the market, if only you can settle down to carry out your personal research to know how strong the teams of that particular coin are before investing, which is the first step investors need to identify before going ahead of investing huge amount of money in that particular coin. Ethereum and binance are potential coins you can invest in this period and have something good to earn when the price increase higher in the market, and you will not regret with your choice because they have strong teams that can make the price to increase higher. I think, this is the period to invest in any potential coins because their price is still low in a way you can use small amount of capital to invest now and hold long to make a good profits in the future.

I think there's no foolproof method for consistently identifying the best coins or the perfect time to invest. Cryptocurrency markets are speculative and can be influenced by a wide range of factors, including market sentiment, technological developments, regulatory changes, macroeconomic trends, and more. It's important to do your own research and make informed decisions based on your goals and risk tolerance.

Doing your own research is best and you should know how to do it. because understanding cryptocurrencies and investing requires effort and effort so you don't make mistakes in investing. Many methods are applied to identify which coins are suitable for investment. Included in carrying out technical analysis, there are many indicators that can be used as a reference to determine where the crypto market will go. this will also have an impact on the fundamentals and everything is connected to one another.

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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.

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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.

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Quote from: Sebas.tian on August 24, 2023, 01:32:08 AM

Quote from: initim

How do we identify the best coin and the period to invest in these types of coins?

Very easy to identify the best coin to invest in the market, if only you can settle down to carry out your personal research to know how strong the teams of that particular coin are before investing, which is the first step investors need to identify before going ahead of investing huge amount of money in that particular coin. Ethereum and binance are potential coins you can invest in this period and have something good to earn when the price increase higher in the market, and you will not regret with your choice because they have strong teams that can make the price to increase higher. I think, this is the period to invest in any potential coins because their price is still low in a way you can use small amount of capital to invest now and hold long to make a good profits in the future.

I think there's no foolproof method for consistently identifying the best coins or the perfect time to invest. Cryptocurrency markets are speculative and can be influenced by a wide range of factors, including market sentiment, technological developments, regulatory changes, macroeconomic trends, and more. It's important to do your own research and make informed decisions based on your goals and risk tolerance.

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Quote from: Sebas.tian on August 24, 2023, 01:32:08 AM

Quote from: initim

How do we identify the best coin and the period to invest in these types of coins?

Very easy to identify the best coin to invest in the market, if only you can settle down to carry out your personal research to know how strong the teams of that particular coin are before investing, which is the first step investors need to identify before going ahead of investing huge amount of money in that particular coin. Ethereum and binance are potential coins you can invest in this period and have something good to earn when the price increase higher in the market, and you will not regret with your choice because they have strong teams that can make the price to increase higher. I think, this is the period to invest in any potential coins because their price is still low in a way you can use small amount of capital to invest now and hold long to make a good profits in the future.

You can still do such things if you believe that you can hold for a long period, there are many factors that those projects will increase its value, way back the price still cheap look at it now, the chance that it can repeat that market movement is very possible, you just need that attitude to make sure you have something which can allow you to stay focus and calm while waiting for the price to pump high.

So far, solid asset like ETH and BNB still following the market movement, while Bitcoin is expected to pump before and after the halving there's a strong chance that it will bring most of solid assets to pump with it.

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Quote from: initim

How do we identify the best coin and the period to invest in these types of coins?

Very easy to identify the best coin to invest in the market, if only you can settle down to carry out your personal research to know how strong the teams of that particular coin are before investing, which is the first step investors need to identify before going ahead of investing huge amount of money in that particular coin. Ethereum and binance are potential coins you can invest in this period and have something good to earn when the price increase higher in the market, and you will not regret with your choice because they have strong teams that can make the price to increase higher. I think, this is the period to invest in any potential coins because their price is still low in a way you can use small amount of capital to invest now and hold long to make a good profits in the future.

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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.

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If you want to get the latest and greatest currency to invest in then it should definitely be bitcoin. Bitcoin as your new investment will give you the highest guarantee. Also there are many good coins in altcoins market where you have low risk and get a good dividend just research and buy at dip price. Also you should know that there is no fixed direction in investing so after you buy the coin sell it if its price increases. To make the best investment you need to be focused and increase the amount of risk.

Topic: Understanding cryptocurrencies and investment. - page 2. (Read 1412 times)