Useful tips I've learned so far, might come in handy - page 2.

batang_bitcoin

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Quote from: CashbackLover on July 10, 2020, 02:55:23 AM

1. Nothing is certain in crypto space
2. Learning is the easiest way to get by
3. Analysis is the best tool for more knowledge
4. Don't hold new altcoins and stay offline, they need close watch
5. Diversify your money, do not rely on few altcoins and don't have too many, watching them will be an headache
6. If you are new and in rush to see how crypto works start with Bitcoin and Ethereum.
7. Take profit when you see one, don't be too greedy

1. Especially if your portfolio consists mostly of altcoins but if you have bigger part for bitcoin, you're worry free.
2. Correct including the always suggested method Do-your-own-research (dyor).
3. This is very much helpful if you chose to be a trader though applicable for investors too.
4. It's ok to hold new altcoins as long as you don't buy it because you just heard it from others. But if you conduct research and you think that's a good hold, it's fine. Although in our days, most of the new altcoins aren't really good.
5. The same as I've said in #1.
6. Bitcoin is the best option to understand the concept of cryptocurrencies, ETH is good too but that's just a secondary in option.
7. Yes! profit is profit no matter how high the price of the coin goes after you sold. Don't regret.
8. Avoid trading signals and ponzi schemes like Forsage, etc.

glowing10

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Do not fall in trap for some extra percentage of profits shows or something which is unbelievable are generally the trap. So, avoid such situations. Trade only on the best exchanges and which are old. If invested for the long term, then better to store the coins in offline and not on online exchanges. Never share your passwords or private key with anyone other than your spouse, kids etc as a backup in case if anything happens to you, they can still own it.

Fluttershy

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Quote from: CashbackLover on July 10, 2020, 02:55:23 AM

1. Nothing is certain in crypto space
2. Learning is the easiest way to get by
3. Analysis is the best tool for more knowledge
4. Don't hold new altcoins and stay offline, they need close watch
5. Diversify your money, do not rely on few altcoins and don't have too many, watching them will be an headache
6. If you are new and in rush to see how crypto works start with Bitcoin and Ethereum.
7. Take profit when you see one, don't be too greedy

One more tip I would like to be on that list is to not trade crypto emotionally because if you trade emotionally then you are bound to get rekt. Knowing when to get out of a trade is the best way to manage risk.

Ifemini

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There are consequences for every action

Quote from: CashbackLover on July 10, 2020, 02:55:23 AM

1. Nothing is certain in crypto space
2. Learning is the easiest way to get by
3. Analysis is the best tool for more knowledge
4. Don't hold new altcoins and stay offline, they need close watch
5. Diversify your money, do not rely on few altcoins and don't have too many, watching them will be an headache
6. If you are new and in rush to see how crypto works start with Bitcoin and Ethereum.
7. Take profit when you see one, don't be too greedy

This is the reality and i will only make few corrections.
1. Learning is not easy, you must avail yourself to learning by having the right attitudes and discipline
2. You can hodl tokens, but before then ensure to have an idea when you want to cash your profits, place your order, setup a price alert system with block folio and keep your seeds safe.
3. No token is reliable in this space including bitcoin, the only certainty is the fact that bitcoin is bullish always.
4. It is wrong when you take profit when you see one, profits can be 0.1% or 10%. Dyor, follow up and pick yhe best profits avail to you

YOSHIE

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Quote from: CashbackLover on July 10, 2020, 02:55:23 AM

5. Diversify your money, do not rely on few altcoins and don't have too many, watching them will be an headache

7. Take profit when you see one, don't be too greedy

What you mentioned is at least true, especially points 5 and 7, this tips factor is also often used in trading & investing for some Altcoin that I believe in.
Everyone invests in Cryptocurrency as an asset to produce the best profit in the future, that's the hope of many people.
to get it all, of course not as easy as one might imagine, having knowledge of major capital crypto, one of them is a case in point 5] 7], choosing a few Altcoins to start investing is a good step, and taking profits there is one good thing, greed is not the main goal in crypto trading.

Tipstar

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Vave.com - Crypto Casino

Don't rush on making decisions. A small change in price won't give you a large profit or loss. Read about the coin and it's review. Find what problems other people faced. Be sure to use a legit exchange as many people lose their coins while exchanging and withdrawing and similarly beware of what wallet you are using.

jrrsparkles

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: CashbackLover on July 10, 2020, 02:55:23 AM

7. Take profit when you see one, don't be too greedy

Its more important for an investor, many people keep holding when the price surging but all of a sudden the prices will go in red so they will be selling for losses to save their capital amount.When you are dealing with cryptos never try to be too much greedy.Or just go with bitcoin so you can keep holding with some hope that prices will be reaching new all time high at some point.

nelson4lov

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Top Crypto Casino

Overall, those are some great tips. I'm particular about points 3,4 and 7 though. For point 3, making one's analysis is 10x more better than relying on trading signals or looking for traders to copy as it helps you grow as a trader in the long run. Point 7, is very common among traders. You get on a trade, it does 5% but you start putting hope in your mind that it can hit 10% or more. If you want to get greedy like that, play it safe with a trailing stop loss because it's very easy to turn a winning trade to a losing one by expecting too much.

Doranile432

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Quote from: masulum on July 10, 2020, 04:32:13 AM

Just want to add for points 5, Diversify with only on altcoin can also be a mistake. Most coins are following Bitcoin, when bitcoin goes down, everything goes down, actually losing bitcoin can be less than investing in an altcoin. If you really want to invest in altcoin, in my opinion, the only thing done is 40% in stable coin/token, 30% in Bitcoin and the rest is up to you (you can change the portions as you wish).

Yes Bitcoin is the safest but we all know that altcoin brings the biggest ROI than what you can earn from Bitcoin, I'm sure 90% of newbies will choose to invest in altcoin still even if they have Bitcoin, every one have the dream of catching gems while they are still young you know, I'm hoping the same thing too that's why I have few altcoins in my wallet

masulum

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hmph..

Just want to add for points 5, Diversify with only on altcoin can also be a mistake. Most coins are following Bitcoin, when bitcoin goes down, everything goes down, actually losing bitcoin can be less than investing in an altcoin. If you really want to invest in altcoin, in my opinion, the only thing done is 40% in stable coin/token, 30% in Bitcoin and the rest is up to you (you can change the portions as you wish).

CashbackLover

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Sovryn - Brings DeFi to Bitcoin

1. Nothing is certain in crypto space
2. Learning is the easiest way to get by
3. Analysis is the best tool for more knowledge
4. Don't hold new altcoins and stay offline, they need close watch
5. Diversify your money, do not rely on few altcoins and don't have too many, watching them will be an headache
6. If you are new and in rush to see how crypto works start with Bitcoin and Ethereum.
7. Take profit when you see one, don't be too greedy

Topic: Useful tips I've learned so far, might come in handy - page 2. (Read 285 times)