Topic: What is the best advice you ever heard in case of investments and all - page 6. (Read 1485 times)
August 15, 2019, 04:06:39 PM
One advice that has been very true in crypto and I guess everyone also have heard of this advice that says:
"If it looks too good to be true, its must be a scam"
Doesn't have to explain much if you are looking to invest into an altcoin. If it offers something you almost can't believe, it must be unbelievable.
August 15, 2019, 03:54:03 PM
Based from my personal experience, diversifying would be my best advice for starters.
Diversifying investments makes your investments relatively secured especially if you invest in blue chip companies that yield returns in a consistent basis. Although the realization of profits may be longer, the yield is stable and secured. Another thing to consider is to purchase bitcoins and view them as short-term investments. Take advantage of their high-volatility and cash them out as soon as you see your margins increased.
What I would advise against is to do trades that are high risks with relatively low yield. Do not test the market especially if you lack the background, knowledge, and data to support your decision.
Diversifying investments makes your investments relatively secured especially if you invest in blue chip companies that yield returns in a consistent basis. Although the realization of profits may be longer, the yield is stable and secured. Another thing to consider is to purchase bitcoins and view them as short-term investments. Take advantage of their high-volatility and cash them out as soon as you see your margins increased.
What I would advise against is to do trades that are high risks with relatively low yield. Do not test the market especially if you lack the background, knowledge, and data to support your decision.
August 15, 2019, 02:16:54 PM
I think the best one has to be "do not invest your money into stuff you do not understand". I think it was Peter that said it but many great investors says the same thing including the almighty Warren Buffet as well.
You have to understand what you are putting your money into to really know what you could expect, if you are putting your money into something that you have no idea about than something you do not understand could happen and you could lose money however if its something you understand than you can at least know what to expect and can be prepared for bad stuff to happen if it looks like it.
I personally never really put my money into construction business for example even though its a big business in my country because I never really understood it, but I always put my money into banks because I really know how they work and what I can expect.
You have to understand what you are putting your money into to really know what you could expect, if you are putting your money into something that you have no idea about than something you do not understand could happen and you could lose money however if its something you understand than you can at least know what to expect and can be prepared for bad stuff to happen if it looks like it.
I personally never really put my money into construction business for example even though its a big business in my country because I never really understood it, but I always put my money into banks because I really know how they work and what I can expect.
August 12, 2019, 08:17:43 AM
I think one of the best advices I have heard in regards to investments, is that one shall not put all your eggs in one basket. Learn diversity. If you don't you won't get ahead of what you expect to earn. Also, don't count chicks out of eggs that haven't hatch. Avoid giving yourself disappointments.
In cryptocurrency? That advise use to be valid when altcoins were still being respected, but as we see now that bitcoin is the only respected coin for now and most altcoins are going down seriously, so what is the point diversifying into altcoins that would still not make any impact rather than tie your investment down for life without any hope of getting it back. At this point, I think it is better we put all our eggs in one basket of bitcoin and then jointly push the market into bull run which can allow us make the money that has been tied down into altcoins for too long, but outside cryptocurrency, this advice is valid and still the best to follow in other to have multiple source of income. One can diversify into bitcoin investment, real estate, gold and other things that can be counted as investment.
August 11, 2019, 12:37:44 PM
Do your own research sounds like an anthem in this community but the one that really gets into me is that you only lose when you cash out. I remember i sold quite a number of bitcoins back when prices were below $10k that would surely be to my loss now that we have crossed $11K and have even tested the levels of $13k for a short while.
August 11, 2019, 02:23:57 AM
Buffet I think recommends just watching your basket very carefully.
you mean watching your coins ? would it be better if he says watch the market or watch the price of the coins rather than watching your coins alone .Quote
I doubt he advocates just one investment but people can end up spread over multiple sectors while never truely knowing any of them.
putting your eggs in one basket is okay as long as that coin is a great coin that can increase atleast mid or long term ( eth is the best example ) but btc is more suitabe . spreading your funds on multiple coins is also good but you must first read the label of every coins that you will be picking . August 10, 2019, 01:36:46 PM
Buffet I think recommends just watching your basket very carefully. I doubt he advocates just one investment but people can end up spread over multiple sectors while never truely knowing any of them.
Seems very few investments can get away from wider sentiment changes, fear of monetary contraction that forces many prices down at once. Rather then diversify I would go with the advice to know your own game, if you intend to invest in technology be aware of the costs and development pitfalls possible in that sector. The potential but also the risks, I think the majority of investment done now is passive and uninvolved so people are not attached to the prospects they are invested in or personally invested besides the money.
Seems very few investments can get away from wider sentiment changes, fear of monetary contraction that forces many prices down at once. Rather then diversify I would go with the advice to know your own game, if you intend to invest in technology be aware of the costs and development pitfalls possible in that sector. The potential but also the risks, I think the majority of investment done now is passive and uninvolved so people are not attached to the prospects they are invested in or personally invested besides the money.
August 10, 2019, 12:25:36 PM
I believe for everyone here the "best" would be never to invest money you can't afford to lose. I have seen too many people who get out very quickly because they have to spend that money for some reason and that results with them taking a loss because they can't wait.
Now, when bitcoin goes up and you buy because you think it will continue to go up most of the time you are right, no matter even if it is 20k all time high it will eventually be higher than that but you need to hold according to where you bought, if you bought at a great time then next day you will be in profit, if you bought at a bad price you may end up holding for years but as long as you hold it is fine, if you can't hold and need that money then it is not an investment, it can't be called investment, you just change the shape of your money, instead of dollars euros or whatever you use, you have bitcoin, that's it.
Now, when bitcoin goes up and you buy because you think it will continue to go up most of the time you are right, no matter even if it is 20k all time high it will eventually be higher than that but you need to hold according to where you bought, if you bought at a great time then next day you will be in profit, if you bought at a bad price you may end up holding for years but as long as you hold it is fine, if you can't hold and need that money then it is not an investment, it can't be called investment, you just change the shape of your money, instead of dollars euros or whatever you use, you have bitcoin, that's it.
Besides, Bitcoin is not that easy to spend on the things you need for your daily life. So I absolutely agree with you regarding investing only the money you won't need in the near future, by which I mean the next couple of years.
I've found even better formulated investment advice than that I posted earlier. This one is by Benjamin Franklin, and although it's from the 18th century, I think it's worth citing.
Quote
“An investment in knowledge pays the most interest.”
Benjamin Franklin
Benjamin Franklin
August 08, 2019, 02:16:03 PM
a teacher taught me that:
"invest in the business you understand best and be willing to accompany it until it succeeds"
This is really a great saying from my teacher. It helped me buy tokens at very low prices and sold at high prices in the last 5 months.
"invest in the business you understand best and be willing to accompany it until it succeeds"
This is really a great saying from my teacher. It helped me buy tokens at very low prices and sold at high prices in the last 5 months.
August 08, 2019, 02:08:33 PM
The best simplest advice I have heard is "don't ever lose money".
As silly and simple this may sound, we are all guilty of some rash decisions. Some maybe even gamble a lot or invest in poor timing, invest in future options and so forth.
Some of those may sound like a good option especially investing in future options but the thing I learned is future is unknown and cannot predict the value of your investment. Be safe and invest reasonable amount so you don't lose a substantial amount of money or don't at all invest and wait for that industry to mature and then invest knowing all the while its prospects.
As silly and simple this may sound, we are all guilty of some rash decisions. Some maybe even gamble a lot or invest in poor timing, invest in future options and so forth.
Some of those may sound like a good option especially investing in future options but the thing I learned is future is unknown and cannot predict the value of your investment. Be safe and invest reasonable amount so you don't lose a substantial amount of money or don't at all invest and wait for that industry to mature and then invest knowing all the while its prospects.
August 08, 2019, 12:46:13 PM
I don`t think there is the best advice in case of investments. Every advice can be good, there is many factors that should be considered when you make investment, time frame, bankroll, risks, insurance, what can possibly go wrong, etc. More factors you check out, more chances you have to make profitable investment.
And there is the other side, it`s your character. Are you brave enough to make investment, are you patient to wait for profit, can you handle the pressure!
And there is the other side, it`s your character. Are you brave enough to make investment, are you patient to wait for profit, can you handle the pressure!
August 08, 2019, 11:42:33 AM
the most important investment in crypto is to be patient because bitcoin is volatile. investing bitcoin is the best idea because even if prices go down a few years later prices will go up and even higher than the year before.
the best advice I've heard for altcoin trading is don't be greedy and don't hold on to altcoin for long.
This advice of not being greedy was first said to me by my trading instructor, and I am thankful that I took it because he told me that it is what has kept him this long and successful in his own trade and if I really want to know the secret to his successful trades apart from the skill and strategies that he has, it is not being greedy, and I found out that every time that greed wants to take control of me in my trade.the best advice I've heard for altcoin trading is don't be greedy and don't hold on to altcoin for long.
The advise comes ringing in my head and I find myself adjusting as quick as possible which has really help me too to go a long way in my trading life, but that aspect of not holding coin for too long is what I don’t like because this is why we see lots of altcoins not rushing because every investors keeps selling often, I think some altcoins deserves to be held for a long term project like BNB and ETH.
August 08, 2019, 05:38:48 AM
Invest in yourself would be the best advice I got from the book Rich Dad Poor Dad. By doing so much for me I've become a better trader and now my investments look smarter and are growing on the long run. So yea I would answer anyone with a question on how to be a good investor with that sentence.
August 08, 2019, 04:06:07 AM
I believe for everyone here the "best" would be never to invest money you can't afford to lose. I have seen too many people who get out very quickly because they have to spend that money for some reason and that results with them taking a loss because they can't wait.
Now, when bitcoin goes up and you buy because you think it will continue to go up most of the time you are right, no matter even if it is 20k all time high it will eventually be higher than that but you need to hold according to where you bought, if you bought at a great time then next day you will be in profit, if you bought at a bad price you may end up holding for years but as long as you hold it is fine, if you can't hold and need that money then it is not an investment, it can't be called investment, you just change the shape of your money, instead of dollars euros or whatever you use, you have bitcoin, that's it.
Now, when bitcoin goes up and you buy because you think it will continue to go up most of the time you are right, no matter even if it is 20k all time high it will eventually be higher than that but you need to hold according to where you bought, if you bought at a great time then next day you will be in profit, if you bought at a bad price you may end up holding for years but as long as you hold it is fine, if you can't hold and need that money then it is not an investment, it can't be called investment, you just change the shape of your money, instead of dollars euros or whatever you use, you have bitcoin, that's it.
August 08, 2019, 03:55:07 AM
Well, I think we don't have to put all of the money in one basket will be the best advice for me because with spreading some amount of money in various cryptocurrency as the investment, I can minimize the risk if somehow one or more of my coin is down. Besides that, I will have the opportunities to make more profit from that coin because I can hold many coins that will be increased at the right time. The other advice is to use the money you can afford to lose the money, teaching me to invest some money and not all of the money.
August 07, 2019, 03:52:19 PM
The best advice I ever heard in case of investments and all is to treat money without emotion. I understand that a person cannot be completely unemotional about something, but you need to try to do everything possible to make it that way. If, on the contrary, you relate to money with emotions, then most likely in the first stressful situation you will lose your money...
August 07, 2019, 02:52:17 PM
Since it is more likely that you are going to live from the money you earn each day, rather then from the money you invest in something, the best thing you can do is to invest in your education. Thus you will be able to earn more money while living an interesting life. Besides, money itself does no good for uneducated people.
Differentiating an educated one to a none is really as clear as water when it comes to capabilities on how to make their lives even more better.Having more knowledge does really have that advantage so theres no doubt about that and now it would just depend on how they would imply or utilize such knowledge and skills.
August 07, 2019, 10:05:46 AM
Many people are citing Warren Buffet in this thread, and rightly so. I've never heard of "Diversification may preserve wealth, but concentration builds it." before reading this thread, but now I think, it's a good one.
I want to cite other precious words of him, which, it seems, weren't brought to attention here.
Since it is more likely that you are going to live from the money you earn each day, rather then from the money you invest in something, the best thing you can do is to invest in your education. Thus you will be able to earn more money while living an interesting life. Besides, money itself does no good for uneducated people.
I want to cite other precious words of him, which, it seems, weren't brought to attention here.
Quote
"The best investment you can make is in your own abilities."
Since it is more likely that you are going to live from the money you earn each day, rather then from the money you invest in something, the best thing you can do is to invest in your education. Thus you will be able to earn more money while living an interesting life. Besides, money itself does no good for uneducated people.
August 07, 2019, 09:11:24 AM
In my case, the best and most, it seems to me, useful from the point of view of saving funds, advice, was the following: "do not invest in coins that have already grown in value, even if it seems that their growth will last forever."
Speaking of your advice, I think we should consider it from many angles and apply it to different situations because from my feelings, I feel that this is really an advice to create a very high level of security for investors, the value has been pumped, the next thing will be dump, if we participate in the process, it will danger, not participating is more reasonable. However, sometimes we follow trends and know how to stop before danger comes, which is a wise thing, so the advice I usually get is to consider everything before investing, don't let safety and fear make you miss the opportunity August 07, 2019, 07:47:36 AM
The best advice I have ever heard is: "In the field of investment, you are only allowed to be profitable and not allowed to be poor"
I realized that I invested as a gambler. After hearing that sentence, I learned how to control personal finances.
I realized that I invested as a gambler. After hearing that sentence, I learned how to control personal finances.
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