What is the best advice you ever heard in case of investments and all

Tungsten-1

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Quote from: lienfaye on October 13, 2019, 07:50:30 AM

Quote from: reality18 on October 11, 2019, 12:00:04 AM

Best advise I've ever come across in crypto is the necessity to perform a thorough research on a project before joining its investment. Since not all cryptocurrency projects can be trusted or not all can survive, it is good to research and identify the authenticity and capabilities of the project before investing in them.

Indeed and never enter in any kind of investment without knowledge about it. Educate yourself first, take time studying the nature of the investment you want to invest in.

Dont rush things because there's a perfect time for everything.

But I always heard that we should invest in crypto Currencies always for long term it gives benefit also we feel safe for not trading on wrong time. We should just try to buy at low price so holding will be profitable. When I got in crypto I only learnt to buy low, hold with patience and never panic after this try to sell at high price.

Mometaskers

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"Don't be an emotional investor". This ties in with "Buy low, sell high". If you're emotional you're more likely to buy during peaks, which means you'll be left a bagholder or lose money as you sell during the troughs.

And also "Watch your step". You don't just jump into it without some research.

robelneo

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We've read this a thousand times "Only invest what you can afford to lose" but I doubt if anyone here really follows this by heart, I have broken a promise to follow this sound investment advice, so many times in the past, it's really hard when you find a very interesting project and you don't have spare funds to invest, you always end up investing your saving, I'm pretty sure I'm not the only one breaking it.

BartS

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Quote from: ?? on ??

"trust the process" - you will never understand the cryptocurrency market in just 1 day, it will take you months or even years just to understand it. It requires a lot of efforts and skill for you to achieve your goals.

This is yet another great piece of advice that I received many years ago, many investors care about one thing only and that is how much money they can make out of the markets and if they lose a trade they immediately begin to try to find why that happened and how they can fix it, they do not understand that is impossible to win every single trade, as long as whatever strategy you are using is profitable then you will eventually make money you just have to trust your trading process.

cryptoknightt

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it's true your patience will be tested when you make an investment, therefore when you want to invest in the cryptocurrency world you should be able to buy coins that really have the potential to increase so that when prices rise you can get a lot of profit and make sure you have a good platform and has a high trading volume or transaction volume.

whyrqa

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Quote from: NewRanger on October 14, 2019, 07:51:09 AM

Mental,emotion ,psychology and trading skill that usually said as preparation before we start investing in finance market.these factor has corellation each other.Experienced and profesional traders usually have this key.no matter how much money we have, as long as we have this key we could improve our investment with satisfied result.i think this the thing that often sugessted to beginners.

Of course, you can achieve good results if the investor has the qualities that you are talking about. But in most cases, newcomers need not only to psychologically correctly approach this activity, but also in practice to study the cryptocurrency which coins can be trusted, and then make the appropriate choice. Most cryptocurrency users do not want to take risks and invest their money in the most rated and sought-after cryptocurrencies, but there are other companies that will show their results in the near future. Examples include Menapay and ICONIQ, as well as ADAB.

NewRanger

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Mental,emotion ,psychology and trading skill that usually said as preparation before we start investing in finance market.these factor has corellation each other.Experienced and profesional traders usually have this key.no matter how much money we have, as long as we have this key we could improve our investment with satisfied result.i think this the thing that often sugessted to beginners.

meliodas

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Quote from: desticy on October 14, 2019, 05:58:34 AM

One of the best tips that I heard sounded as follows:

"In order to invest you need and have free capital, in order to have free capital you need an occupation that will bring income that suits you, in order to have such an occupation you must be able to do something, learn and you pay back. "

I think this approach is very true.

It is true that we need a capital to start investing or start our own business but we need to make sure first that we have a skill to offer or much better a skills set because these days, skills set is more important and it pays more money compare to having a one type of skill. Investing in a skill set is a good idea because it will give you a lot of cash flow from doing different projects and that is when you are going to build up your business empire through investing and having your own business.

barabarian1

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Quote from: The Sceptical Chymist on July 27, 2019, 11:45:05 AM

Quote from: fiulpro on July 27, 2019, 11:22:53 AM

*You never loose until you cash out*

I never subscribed to that one myself, but I hear it a lot around these parts.

"Buy low, sell high" is the gold standard of investment advice--it sounds ridiculously obvious, but many traders/investors don't have the balls to buy something when the price is low. You've seen all the people jumping on the bandwagon once bitcoin starts to shoot up, and they end up buying it at the top. Why do you think Warren Buffett made all the money he did? He's smart enough to recognize when stocks are on sale, and it's the same thing with crypto.

Other good advice I've heard is not to take tips from people. Another is to try to control the emotions of fear and greed when trading. I'm not really an active trader, but that advice makes a ton of sense to me.

yes i agree with you. in investing crypto we must choose the right time to buy and sell. buy at a low and sell at a high. and then control your feelings don't be greedy and don't be afraid. for example when a coin rises 30% -40% it is the right time to sell and take advantage of that 40%. and then invest again. don't delay selling in the hope that the coin will rise higher. this is called greedy.

desticy

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One of the best tips that I heard sounded as follows:

"In order to invest you need and have free capital, in order to have free capital you need an occupation that will bring income that suits you, in order to have such an occupation you must be able to do something, learn and you pay back. "

I think this approach is very true.

Genemind

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Investing in crypto has been really challenging for me when I was beginning with it. My emotion was hit like a roller coaster ride. Until my partner told me that cryptocurrency isn't a shortcut to getting rich, you have to invest a lot of patience. From then on, I have learned to wait until the market situation got better. Every investment has a risk that we might be afraid of but we only have to trust crypto and have patience.

dimox

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"Risk comes from not knowing what you are doing"
its like basic of investation. if you want to invest, just make sure that you have all of knowledge about investation.
when someone lose some fund, or got scam, they just dont know about the basic rule, and need to learn more. but they will get experience and will be stronger than before.
"Never test the depth of river with both the feet"

DevilSlayer

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Investments are good but we should be careful when we are making investment. There is a misconception about investing because people though that investing can easily make them rich. There are research saying that there are many people who experience huge loss because they do not know the investment that they did.

cotton ball

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I heard best advice for investing is buying when got bad news with altcoin or bitcoin and selling your assets after got good news, its very good way how to be investor with bitcoin and altcoin, you can get profit if you done with selling when bitcoin have good respond and selling when bitcoin become bad or negative side with hacked or other cases, you can try what have I said and you will see how much profit you can earn with bitcoin investment.

lionheart78

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So far the best advice I ever came across is from Warren Buffet

Quote

Invest in what you know.
Learn the basics of value investing.
Identify cheap stocks.
Find businesses that will stand the test of time.
Invest in good management.
Be aggressive during tough times.
Keep a long-term mind-set.

These are the keys to being a successful businessman, entrepreneur, investors and covers every aspect of being a victor over stuff. Most traders fail because they invested on the stuff that they don't have any knowledge.

Oilacris

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Quote from: panganib999 on October 13, 2019, 12:20:57 PM

Quote from: fiulpro on July 27, 2019, 11:22:53 AM

Hey
Well let's start , everyone please feel free to share the best advice they think is what made them what they are today in terms of investments .
I think learning about managing your money can never be easy , but maybe we can make this a thread worth reading by the new investors and even the old ones ..never hurts to redefine your strategy.

As for me it was
*You never loose until you cash out*
Taught me patience.

Exploring here at bitcoin talk and reading articles and blogs at reddit, I've got an advice which says "Avoid losing more than you can afford", I found it really motivating and enlightening because I have been investing assets as if I'm throwing away cryptos because I am doing it impulsively and it made me wise after my big loss due to my incompetent mindset and acting at every spur of the moment. I've learned not to get swayed by my emotions and let it dictate what I should do because it causes me to lose more than I can afford.

Ive also experience that kind of impulsive investing where it did come to the point where i do already make some gambling acts.Failures are success if you do learn from it.

These are the lines which do motivates me but it isn't really necessary for you to commit mistakes for you to learn because you would able to know things if you are sensible enough when it comes to possible outcomes that you do foreseen ahead if you do such actions.

panganib999

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Quote from: fiulpro on July 27, 2019, 11:22:53 AM

Hey
Well let's start , everyone please feel free to share the best advice they think is what made them what they are today in terms of investments .
I think learning about managing your money can never be easy , but maybe we can make this a thread worth reading by the new investors and even the old ones ..never hurts to redefine your strategy.

As for me it was
*You never loose until you cash out*
Taught me patience.

Exploring here at bitcoin talk and reading articles and blogs at reddit, I've got an advice which says "Avoid losing more than you can afford", I found it really motivating and enlightening because I have been investing assets as if I'm throwing away cryptos because I am doing it impulsively and it made me wise after my big loss due to my incompetent mindset and acting at every spur of the moment. I've learned not to get swayed by my emotions and let it dictate what I should do because it causes me to lose more than I can afford.

Astvile

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Activity: 1484

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The best advice I received from my trading mentor is, "Don't risk what you can't afford to lose" "You can profit if you want to so always think of profiting and winning on most trades you do" these are the lines the I will always treasure and be mindful of in each of trades im doing and will do in my future trades.

bitzizzix

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Invest my way, take advantage of the market when it goes down and analyze the right coins to invest and find good information about the coins you choose.
and besides, don't do all your money or your income to invest and you have to invest the remaining money that you have budgeted for your needs and do it in stages to make investments and choose long-term investments to get big profits even though you have a long wait and patient.

lienfaye

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Quote from: reality18 on October 11, 2019, 12:00:04 AM

Best advise I've ever come across in crypto is the necessity to perform a thorough research on a project before joining its investment. Since not all cryptocurrency projects can be trusted or not all can survive, it is good to research and identify the authenticity and capabilities of the project before investing in them.

Indeed and never enter in any kind of investment without knowledge about it. Educate yourself first, take time studying the nature of the investment you want to invest in.

Dont rush things because there's a perfect time for everything.

Topic: What is the best advice you ever heard in case of investments and all (Read 1456 times)