Topic: What is the best advice you ever heard in case of investments and all - page 7. (Read 1503 times)

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."

No one knows the future that's why all outcomes would vary on our actions.Decisions that would be crucial anytime because theres a specific time where you do need to sell or buy for you to benefit on.For all people do say that Patience do matter,yes it does but too much of it will lead to mistakes.
If investment comes to easy on the first place then most people are rich by now.

The main advices are: not to lose your head, not to panic and be patient. And one more thing, never take a loan for investments and invest as much as you are not afraid to lose.

Everything is changing and everything is unpredictable
We cannot predict anything. We can only predict whether it will come true or not - no one knows for sure. If you see growth trends, then it's not a fact that there will be growth. We can talk a lot about this. Read more about this in the book of Nassim Taleb "Black swan". And this is not an advertising, but a really useful book for every trader and any person in general, no matter what he does.

I don't believe the smart thinking is what a newbie which barely understand how to select the right project need to thrive but seeking advice from knowledgeable people on here.



The crypto scammers also implemented new idea which will be hard to spot out if the team only plans to make quick money and the only means I believe is safe are investing after listing, already working project  or going for project with reputable PRO

"Always grab a profit when there is an opportunity."

Some investors forget about that and dream a big profit or returns from their investments. When market goes into correction they go into panic selling their assets or cryptos leaving them a loss. That is the best for me because I've experienced it myself.

Sorry but I have got to say that OP's piece is the worse advice I have ever heard for investment. You want to look back 2, 4 and 5 years ago and Coinmarketcap? There have been hundreds of coins that started out so well, even rose to incredible highs, and yet fell down to basically zero. You bet people lose money when coins stop being even listed or developed and no one wants it.

In 2011, I was seriously losing in investing! My capital was almost wiped out and I was in the state of bankruptcy when I read a book written by Brain Tracy on “dream big” I could remember reading a sentence in the book that changed my view from what I was doing wrong: “Skill is what matter in success”! That make me to forgone what I was doing and set a goal to become a successful investors through continuous practicing and today I am a skilful investor. I can now analyse the market on my own and invest without consulting anybody.

In making good decisions, we should consider all the possible hindrance of having a successful investment. Let's be intellectual in this situation because our money is on the line and we should make it bigger through our decisions. If the market drops then chill down, it usually happens in the market, wait for another green sign in the market.

There's no simple or basic advice when it comes to investment because every movement or action is very risky. If the money is on at stake, we should think wisely and make advanced decisions. I definitely agree for having an investment for the future, it all depends on your action in the future.

Lol doesn't even need a successful businessman to say that, I found a lot of newbies also say buy at low prices and sell at high prices. it is basic but difficult to achieve because it requires patience. I think investing is about the future, you must be good at understanding what the most important needs in the future are, use that ideas to create a business

That stands true if the project is handled by a team that had success earlier and the faith we have in producing results, since we are talking about the crypto market, majority of the project depends upon how the developers deliver and there is no guarantee that they will deliver, so the risks are higher.

What work are you talking about, all you need is smart thinking and follow the project you have invested, since the market is not regulated, there is no guarantee for the investment you make as anyone can start a project and attract investors, so if the team only plans to make a quick money you need to understand that and sell off when the market rises and walk off with the profit rather than sitting on top of that thinking it will give you are bigger profit.

Someone who said:
Greed makes people to hodl because they think that getting rich doesn't require any work.

Its dangerous advice 'concentrating investment', its ok to speculate when you are young like that but not so much an option with pension assets when nearing retirement.
  Diversify means owning your own house not just gambling all on one price or sector, I get the meaning but its also risky.   Not everyone is Mr Buffet with his cold hard stare like xray vision on investments to see all the weaknesses waiting in a popular product or rising price.

I guess the best advice in general I can remember is dollar cost averaging as a good strategy, people rarely have the perfect mind to invest no matter what.   People are influenced by the moods of a crowd and the market feeling at that time, if you commit to buy the whole year not just once you will capture highs and lows.   Presuming your overall judgement on the asset and sector was good, you are going to profit even while the price rises.   If the price should fall but the investment has potential then the amounts bought increase on the price dropping.    Intel is the best example I can think of for that, it was unpopular holding a low price for years.    

This would relate to Buffets mention of Mr. market and his price varying for the same basket of goods, sometimes the price being good or bad doesnt alter the quality underlying.

I think 'buy into fear, sell into euphoria' is a better phrasing of the same sentiment. Having said that both sentiments can last vastly, vastly longer than you initially expect.

Mr. Buffet's quote about concentrating investment is a top one too. Surprising how rarely that's voiced.

Patience is a good virtue you need to be as an investor but you have to have the common sense on when to sell off the asset too, if you are investing in top coins especially bitcoin, there is nothing to worry even when the price goes down, but that cannot be said with the alt coin market, if you invest in any project in the past and you need to understand the sell off point if not the risk of encountering a major loss is really high. So selling the coins at the right time is always important when it comes to alt coin market. I am sure that majority of the coins that went down will never rise again as majority of the projects either shut down and if you are not smart enough to sell off when the price was high, then you are in real trouble as patience will not do anything with those failed projects.

There are lots of advice from gurus on the net about investments.  They even get into deep discussion on why to do these stuff.  You can look at this list of investment advice from investopedia.

10 Tips for Successful Long-Term Investing

or you can check this article too : https://financialmentor.com/category/investment-advice

My best advice to everyone and the one that I will always remember is to always learn before you do. It works in every part of life. You hear about investments from friends and you hear about bitcoin millionaires and your reaction is to set  up a trading account wire money and pray for the best to happen. Most people do it and most people get eaten by a bigger and smarter fish. Make sure you know what you're doing before you do it!

You must always ensure very well that you invest wisely, investing wisely in the sense that you have to ensure that the project that one’s energy, time and capital is being channel on as been thoroughly scrutinized and is really worth to be invested in, and has a guarantee that it will provide the necessary growth in future, then one can relax and be patient with such project.

There are some coins that I have mistakenly invested in that I do  not have to be patient at all, when I see that there is little increase, I quickly rush to take the profit, and when I see that it is dumping beyond my imaginations, I quickly dump it before it because something hypertensive. Patience is not needed in such case, but wisdom and smartness.

I think the best advice I ever heard is "buy whenever you see a low price and divide your order buy." That could be true, but it depends on how the market situations if the market is in the bear market, we will see a low price in many times and that is not good to buy all in. I am sure there will be much other best advice we might hear, but we forget to list it all.

"Be patient, and everything will be fine."