What is the best advice you ever heard in case of investments and all - page 3.

supercanada1

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Quote from: doomistake on October 07, 2019, 09:28:11 AM

"Never count the chicks when it's still eggs" this is what I always reminding to myself. Whenever I have an investment and if I know that it's doing great, I will estimate the amount of profits that I could get in a certain amount of time, which is why I always expect something good, and it is the reason why I feel so disappointed if things will not turn out well, and I stopped that kind of mannerism that I have.

Instead of getting too much excited, I wait patiently for the outcome, I'm not expecting anything good or bad, and it helps me a lot mentally.

Patience is the ultimate skill to become a successful investor. That means you are going to hold coins through dips and whenever there is a good rise, you will or may try to sell them. Excitement and emotions can mislead our judgments so it is better to not let them interfere. With this fact in mind that crypto coins, especially bitcoin is going to skyrocket soon and holds bright future, one must not hurry in making decisions.

Maslate

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Quote from: doomistake on October 07, 2019, 09:28:11 AM

"Never count the chicks when it's still eggs" this is what I always reminding to myself. Whenever I have an investment and if I know that it's doing great, I will estimate the amount of profits that I could get in a certain amount of time, which is why I always expect something good, and it is the reason why I feel so disappointed if things will not turn out well, and I stopped that kind of mannerism that I have.

Instead of getting too much excited, I wait patiently for the outcome, I'm not expecting anything good or bad, and it helps me a lot mentally.

Yes. Too much expectation will kill you in the end. As for me, the best advice i got is never put all your eggs in one basket. Investment has always its risks along so we should learn to be more practical in putting our money in any kind of investment. I never put all my money in just a single investment because i know that it might fail in the end. I prefer to have a multiple investment so that if one will not work out, the other one might be making profits already.

doomistake

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"Never count the chicks when it's still eggs" this is what I always reminding to myself. Whenever I have an investment and if I know that it's doing great, I will estimate the amount of profits that I could get in a certain amount of time, which is why I always expect something good, and it is the reason why I feel so disappointed if things will not turn out well, and I stopped that kind of mannerism that I have.

Instead of getting too much excited, I wait patiently for the outcome, I'm not expecting anything good or bad, and it helps me a lot mentally.

ivakar

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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.

hehe, doubt that it is possible to understand it even after years of experience! because you can't understand actions of that people who control it. I mean real gray persons who are behind it and control it.
sure for some coins you could see the patterns and they act as they should, but in real important moments it could go opposite directions despite patterns.. because... gray persons in shadow Cool

uray

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

Taught me patience.

The best advice for any investor is to have the patience irrespective of the market situation, have a through plan and study the market situation on how the market functions every quarter and then identify the global financial trends too while investing in any financial market, if you could spend the time in research and have a clear idea on when to invest and when to book the profit, you will not worry if you see a temporary correction.

Thanasis

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Money management,compound investment and tax avoidance are the most important factor for the investor to be successful investor from any kind of investment and the witness is some of the investors who being them now from the scratches.We have to start investing as soon as possible to make more money and the investment should be longer.

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Quote from: BennyK on October 06, 2019, 11:28:33 PM

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 where patience counts. This is one of the strongest advice every investor could get when doing cryptocurrency investment because things do not happen within a single day. Projects go through series of developments before reaching its full potentials hence only the patient investor enjoys the fruits such good projects.

Patience is the top requirement when you enter investment. Without being patient an investor will continuously make a mistake.
Being patient will control your emotional and physical activities by not getting anger, anxious and annoyed in the market status of your investment. Controlling it is not easy, eagerness is always there, but once an investor passed it he will surely be having a great profit in the end.

BennyK

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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 where patience counts. This is one of the strongest advice every investor could get when doing cryptocurrency investment because things do not happen within a single day. Projects go through series of developments before reaching its full potentials hence only the patient investor enjoys the fruits such good projects.

kayvie

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"Never put all your eggs in one basket"
Applying it in crypto investment will help you to understand that investing in different kinds of cryptocurrency will help you to lessen the risk, by avoiding to lose half of them at any moment.

Quote from: Btcvilla on October 06, 2019, 09:48:57 PM

I give you some trick or advice before starting your money with bitcoin or altcoin investment, you have buy top altcoin on market cap and never buy with shit coin, looking which one top market cap coin to buy and left for shit coin because when price down never have chance get back to the top price.

Choosing the popular altcoins in the market for investing to assure the growth of your investment for the long term is also good. Tho there is no guarantee of how long it will take but it would be better than risking your investment in some shitcoins.

Btcvilla

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I give you some trick or advice before starting your money with bitcoin or altcoin investment, you have buy top altcoin on market cap and never buy with shit coin, looking which one top market cap coin to buy and left for shit coin because when price down never have chance get back to the top price.

meliodas

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Quote from: ReiMomo on October 06, 2019, 01:52:59 AM

Quote from: ropyu1978 on October 05, 2019, 11:59:20 PM

indeed advice is always needed so that we are not lulled by lust, sometimes it comes on its own without us needing it
some cases we have to be patient when facing failure and make it an experience

The line that I like the most is to be patient when facing failure, that is true. Well the best advice I've ever heard in case of investment and all is that don't do panic selling especially when the value of bitcoin drop down, You don't need to panic since the value of it is volatile so it may rise or fall from time to time so in order not to lose money and earn big profit instead, All you need to do is to wait patiently for it price to increase again before you sell it.

If you are in the game of cryptocurrency for long term then patience is your best friend and like you said, we should not fall into panic selling when the market is falling down because it is just for temporary but if you are into short term then you should look for the possible mistakes that you have done and fix those wrong entries in the market so you will become better in your next entries.

ReiMomo

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Quote from: ropyu1978 on October 05, 2019, 11:59:20 PM

indeed advice is always needed so that we are not lulled by lust, sometimes it comes on its own without us needing it
some cases we have to be patient when facing failure and make it an experience

The line that I like the most is to be patient when facing failure, that is true. Well the best advice I've ever heard in case of investment and all is that don't do panic selling especially when the value of bitcoin drop down, You don't need to panic since the value of it is volatile so it may rise or fall from time to time so in order not to lose money and earn big profit instead, All you need to do is to wait patiently for it price to increase again before you sell it.

ropyu1978

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indeed advice is always needed so that we are not lulled by lust, sometimes it comes on its own without us needing it
some cases we have to be patient when facing failure and make it an experience

ice098

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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.

Everyone must take a step ,one step at a time. Yes learning everything in crypto can be happen not only for just 1 day, it takes weeks or months. Patience, you need more of that in trading, market is unstable and difficult to predict. You need to take a risk also, invest what you can afford to lose because you will not always win.

STT

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I would argue its impossible to cover all parts of the market, just know your own section and stick to the strengths and weaknesses before you. If somebody is an expert on the actual protocol development but has no idea on the market progression and interaction that leads to price variation I'd say thats fine and they might do better for just sticking with what they believe in.
The majority of advice here is in relation to speculation and observing the market swings, thats useful because you can speculate in just about anything and I dont even have to know that blockchains particular strengths as I just observe the reaction and strength to the crowd buying into that crypto currency either vs BTC or vs Dollar. I try to respect specialists and even those outside crypto because we are in competition to FIAT and so variations there alter the usage and expansion or contraction in monetary flows into crypto. So a useful skill is to be able to skim every subject, news and source and appraise honest opinion over hype that is fairly baseless.

HarmonyA

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The best advice I ever heard in investment is: "you have no profit until you cashout", and "Do not be emotional about market trends". These advice has helped me to trade with caution and never let greed set in. And as I grow in investment, I learn more from experience.

ice098

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Quote from: Beparanf on October 04, 2019, 10:53:13 PM

While investing is really important, never invest in anything you don't study and understand. Do research before investing, we must not just invest because our friends say so, we should do research to not regret or point fault to someone if things not work the way they said it should be. It's our Money at risk so it's us who should do the necessary study.

Research first all the info about the coin you want to buy, you need also to know their roadmap, in the roadmap you will know their plan for the next month or year, in that case you will have the idea what will happen next. Also you need to know the team background as well. It is not enough to know that their team is having this degree or what. You need to know if the team has the knowledge in market that will help them know what will they do when crisis come.

Beparanf

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Burpaaa

While investing is really important, never invest in anything you don't study and understand. Do research before investing, we must not just invest because our friends say so, we should do research to not regret or point fault to someone if things not work the way they said it should be. It's our Money at risk so it's us who should do the necessary study.

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Quote from: man22555 on October 03, 2019, 05:30:33 AM

'do your own research'

It actually gave me more confidence in trading and learning about cryptocurrencies. And not to follow some random guys on Twitter or signal providers and stuff.

This is probably the most important piece of advice that I ever received, when you begin your journey to try to become a trader you will see that there are thousands of books and each one describes their method as being the best way to make profits in the markets, so how do you know which one is going to make money in the markets? The only way is to understand why a method works and to do that you need to test every single aspect of the methods that you find by yourself and see if they work.

reality18

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The advice i’ve ever heard and learned as a lesson when it comes to cryptocurrency investment is to invest an amount I can afford to lose because no one can give a 100% assurance for the success of any project in crypto. Also, another good advice is to learn how to exercise patience in crypto investment because some of the potential and promising projects take time to pass through series of developmental stages before becoming successful on the market hence only the patient investor earns the best from syi projects.

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