Topic: Ways to manage your finances when entering the cryptocurrency market - page 3. (Read 405 times)
September 20, 2018, 05:54:09 AM
You are right, that is five mains key to success in the crypto world and the importance key which i want to emphasize with you is Be patient! Your dream will come true!
September 20, 2018, 05:29:04 AM
Yes this is an helpful post. It's very important to be properly orientated before entering into cryptocurrency investment and trading or even any other type of investment because you will be using your hard earned money which can be lost if you are not careful.
everyone would already know that the market is full of surprises the crypto. Thus many crypto investment opposed by some countries, because of the absence of a binding regulation of crypto. investment with a lot of risks must dimbangi with the knowledge and research. If no one is doing that then he will lose his money. September 20, 2018, 05:27:21 AM
normally I'd set, only a portion of the course that I will sell. Part I save as an investment. because we also do not know, how market conditions later whether it will be good or otherwise. so we still have deposits.
September 20, 2018, 05:25:40 AM
My experience is going to reference all the information, from the Telegram group, pages about cryptocurrency, reviews on youtube and posts. Then give your own comment on how to go in line with my investments. Thank you for the helpful posts for newcomers
September 20, 2018, 03:57:53 AM
Yes this is an helpful post. It's very important to be properly orientated before entering into cryptocurrency investment and trading or even any other type of investment because you will be using your hard earned money which can be lost if you are not careful.
September 19, 2018, 04:22:48 PM
I don't think people truly understand projects that they invest in, even many big players say they don't know what they are doing 
, that is not also done just by reading whitepaper.
This is proof that the number of losers is more than the number of successful people , that is not also done just by reading whitepaper.
September 19, 2018, 04:20:53 PM
To be honest there is only one rule to be followed with every brain cell when making decisions around the crypto sphere. And the rule is - Only "play" with the money you are willing to lose.
And that's basically it, one easy rule.
Of course, in my investment, I always take it seriously. invest idle money, accept losing it if bad happens. Thanks for your very helpful comments. This is something that newcomers should pay attention toAnd that's basically it, one easy rule.
September 19, 2018, 03:52:01 PM
To be honest there is only one rule to be followed with every brain cell when making decisions around the crypto sphere. And the rule is - Only "play" with the money you are willing to lose.
And that's basically it, one easy rule.
And that's basically it, one easy rule.
September 19, 2018, 03:46:04 PM
I don't think people truly understand projects that they invest in, even many big players say they don't know what they are doing , that is not also done just by reading whitepaper.
, that is not also done just by reading whitepaper. September 19, 2018, 03:34:05 PM
I realize that there are quite a few people who are not well-equipped for personal financial knowledge when entering the cryptocurrency market, today I will share with you my personal experiences (This is just Personal experience is not complete, please ignore if something is not right).
Rule #1: Invest when you understand it
There are many people who easily believe in others' words. Even though they do not understand it, they are willing to spend a lot of money to invest in it, even though they do not know anything about it. This is probably the biggest mistake. So, before you decide to invest, you should find out what it is?
Rule #2: Do not Trust Others
There are a lot of trappings in this market. If you are a newbie, you usually have the habit of listening to news from others, or listening to advice from someone. They tell you to give them money and they will pay you a daily or monthly interest. this is not good. You better manage your money yourself. Do not give it to anyone.
Rule #3: Do not invest in promises
I was in this situation. These are the mlm projects. They draw a bright future prospect for their project. They promise you their coin will hit a certain price in the future. Be careful with such promises. The rise in the price of a penny depends on the market, not on the development team. Stay away from projects that have a target price. Maybe that's just a scam.
Rule #4: No Fomo
Be greedy when others are scared, and scared when others are greedy. Investors only care about the true value of the project. Rather than judging crowd psychology, they try to understand the business, leadership, and prospects of the business in the future. This experience is very confusing, a lot of emotion when applied.
Rule #5: Be patient, careful and assertive
When the opportunity comes, you have to decide to take it (easy to say but hard to do). Sometimes the wave ends, and again, the opportunity comes and goes, you can ignore many opportunities in the long run, but do not worry, there will be another opportunity and you just need patience. and decide when the opportunity comes.
Epilogue
With newcomers, Do a good job of your day. That brings in regular income for you. If you want to spend some money to invest in crypto, look carefully. For professional investors, I dare not give advice to them.
Thanks for reading !
Sorry because english is not my native language.
Rule #1: Invest when you understand it
There are many people who easily believe in others' words. Even though they do not understand it, they are willing to spend a lot of money to invest in it, even though they do not know anything about it. This is probably the biggest mistake. So, before you decide to invest, you should find out what it is?
Rule #2: Do not Trust Others
There are a lot of trappings in this market. If you are a newbie, you usually have the habit of listening to news from others, or listening to advice from someone. They tell you to give them money and they will pay you a daily or monthly interest. this is not good. You better manage your money yourself. Do not give it to anyone.
Rule #3: Do not invest in promises
I was in this situation. These are the mlm projects. They draw a bright future prospect for their project. They promise you their coin will hit a certain price in the future. Be careful with such promises. The rise in the price of a penny depends on the market, not on the development team. Stay away from projects that have a target price. Maybe that's just a scam.
Rule #4: No Fomo
Be greedy when others are scared, and scared when others are greedy. Investors only care about the true value of the project. Rather than judging crowd psychology, they try to understand the business, leadership, and prospects of the business in the future. This experience is very confusing, a lot of emotion when applied.
Rule #5: Be patient, careful and assertive
When the opportunity comes, you have to decide to take it (easy to say but hard to do). Sometimes the wave ends, and again, the opportunity comes and goes, you can ignore many opportunities in the long run, but do not worry, there will be another opportunity and you just need patience. and decide when the opportunity comes.
Epilogue
With newcomers, Do a good job of your day. That brings in regular income for you. If you want to spend some money to invest in crypto, look carefully. For professional investors, I dare not give advice to them.
Thanks for reading !
Sorry because english is not my native language.
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