What is the best advice you ever heard in case of investments and all - page 8.

Genamant

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Trphy.io

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.

the best advice that i can give is to never try to borrow money for your investment specially borrowed money with interest ,
it may look that it will give you a fresh start and being positive that you will be able to cope with it
but sometimes we rush our decisions because we have deadlines to pay. Its better to sell some valuable stuffs to avoid that kind of scene.

Darker45

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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.

First, about your best advice. I have encountered that advice a lot of times already. But I guess that is only applicable to Bitcoin and perhaps to a handful of altcoins. That cannot be applied to around 90% of coins in the world of cryptocurrency. I have listened and actually followed that a number of times as well and I got zero after several months.

As to the best advice I received, it's only a single word: diversify. And it's absolutely true! Diversify!

BitHodler

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Quote from: bryant.coleman on July 28, 2019, 02:50:49 AM

IMO, greed is a basic human character. We need to control it, if we want to make our investments profitable.

Correct, it's impossible to discard but on the other hand, it also helps people hold on to a certain type of investment for a long period of time. If an asset has fundamental value, that's actually a good thing.

Not everyone is born wealthy, so there is always believe or hope that by investing in a stock or Bitcoin, their quality of life will improve as the asset appreciates in value. It's a combination of being emotionally attached and greed in this case.

I think this is a very important reason why people here are so attached to Bitcoin, while the more wealthy investors just look at it as an interesting hedge or short to medium term profit flip.

CryptopreneurBrainboss

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eXch.cx - Automatic crypto Swap Exchange.

Quote from: Polar91 on July 28, 2019, 06:14:10 AM

“Be fearful when others are greedy and greedy when others are fearful.” - Warren Buffett. This quote motivates me everday with my investments. This keep my mind set intact as many FUD may come amidst my journey in investment. It's very necessary that you don't just go with the flow because if you keep it in your mind then you don't decide by yourself, leading you most likely to loss.

Another not your regular qoutes and who best to give the advice than Warrent Buffet himself. The qoute can be rephrase as "A smart investors buys when others are selling but sells when others think it's the best time to buy" which in the cryptocommunity we know as, "buy the rumors, sell the news", that's to say, "stand out from their crowd, don't go with the flow". Every since I saw this thread, I have visiting it occasionally to read investment advice. I'm a fan of those not regular advices even though they're the obvious i prefer then been repharsed by using the unfamiliar words.

creeps

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Always have the courage to buy and sell despite of the market situation - This is a great line from my mentor before and he's amazing. This has been my motivation every time the market dumps actually, we have to keep buying when everyone is fear about the market. Crypto investment is not easy in the first place, we fail and we learn just keep aiming for a success and continue to motivate yourself with some of a good quotes from a well known speakers.

Bitcoin Seller

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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.

It is a very good advice. However, it will work only for those men, who invested extra money in cryBy "extra" I mean that they have enough money to live for, and they can let themselves spend a lot to buy cryptocurrencies and do not worry much, waiting for the best times when profits will be great. The wisest thing is not to bee too greedy and be ready to sell if you make at least +30%.

HELLOFF

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Of course, I am not too active an investor like the other guys, but nevertheless I received good advice from one person. When I take part in Bounty companies, I choose the project very carefully and study the work of the team and what it will be capable of in the future. Based on this, I can choose good Coins, which I met thanks to the Bounty companies. But all my acquaintance with the company can give me confidence in their prospects.

South Park

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I am terrible at Fantasy Football!!!

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.

There is so much useful information I have read over the years but one of the most influential information for me came from a book that did not gave a specific strategy about how to trade the markets but it did help you to try to develop your own strategy, and the advice was that most of those traders selling books about how to trade the markets get their money from selling books and not from their trading activities so you are wasting your money by buying those books, you need to learn from those that are great traders and investors and finding what they do and adapt it to suit your personality.

asajapheth

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Invest in only what you understand.

Many invest without having real understanding. Some people truly don’t understand what their investment is about. If you think wins and losses is the only way to measure a project, you are completely wrong. You don't invest without proper research.

RealMalatesta

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The only advise I have ever received concerning cryptocurrency is for me to invest in bitcoin, and it was through a friends, I am glad that I listened to him then because that advise is still what made me who I am today, at least with m investment in bitcoin, I became a million for the first time during the last bull run, I made some few thousands of dollars from my investment and when I converted it to my local currency, it pulled me out of the group of average people into being a millionaire.

Through that, I have been able to establish the business that I had desire for so long that looks like was not going to come through because of the financial constraints that I have to do so. Every other decision now in crypto is being made by me, although I do read some few suggestions on this forum, but none has paid me as much as that of my friend’s own.

Lanatsa

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Quote from: bering on July 29, 2019, 10:49:27 AM

I was made a conversation with a person on my neighborhood and he was became an successfully businessman and he gave to me some of advices but it weren't related to investments but so far those were the best advices for me that he says i have to seeking the best opportunity to buy at particular things and if supose can i have to buy as cheaper as i can and sell it as expensive as possible

Very basic advice but applying it on real life is really hard and wont really be that simple.You thought that you are already seeing cheap price but actually they are still expensive on that state and this is where analysis and knowledge would set in.If you don't have these traits then expect for failures or mistakes but eventually these things are inevitable.

bering

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Leading Crypto Sports Betting & Casino Platform

I was made a conversation with a person on my neighborhood and he was became an successfully businessman and he gave to me some of advices but it weren't related to investments but so far those were the best advices for me that he says i have to seeking the best opportunity to buy at particular things and if supose can i have to buy as cheaper as i can and sell it as expensive as possible

shield132

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Can't agree those who say best advice was: Don't invest more than you can't afford. I totally disagree this, if you don't invest more, then your profit will be low and if you invest more than you can't afford to lose, then profit will be dramatic. But at the same time risks rise on this last one but those who don't risk, don't get anything. It acts now like I wrote new advice here, will be curious if someone quote it and say it's great advice.

pixie85

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The best advice is probably to never invest money you don't own. It's like the one where you should never bet borrowed money. Play in casino with your own cash and invest with your own cash.

It's also important never to go all in. Some stupid people sell their houses and cars and risk it all. It's never worth it. Better invest with no more than half of your money and be safe.

Oilacris

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When it comes to trading here the only line that stays on my mind.

"Be fearful when others are greedy and be greedy when others are fearful"

This had been the thing ive been following.

shoreno

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Quote from: aioc on July 28, 2019, 09:53:09 AM

Best advice for me that I really practice is

Quote

Adopt a Long-Term Perspective

this is very important if you want to stay longer and make a good profit in Cryptocurrency you should set up a long term plan and this is by picking the right coin to invest and holding it.

thats a nice advice but thats also hard to master because you are dealing with long term patience here but we humans we are known to be tempted easily and we are distracted easily on the things that are good enough like for example when we saw a good price but we must control ourselves if we really wanted to earn huge . for me i think the best advice that i heard in investing is " invest only what you can afford to loose " this should be the best because everyone knows this due to its popularity .

aioc

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Activity: 2926

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Best advice for me that I really practice is

Quote

Adopt a Long-Term Perspective

this is very important if you want to stay longer and make a good profit in Cryptocurrency you should set up a long term plan and this is by picking the right coin to invest and holding it.

coolcoinz

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Activity: 2744

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The best advice I was given is to do your own research and never rely on anyone to do anything for you.
The second best IMO is to only wet your feet in the beginning. Never jump into deep water all at once.
The third one is to always have a backup plan and think what you'll do if it all turns to shit. People tend to think what they will do with all the money but you should always have a backup plan and something to do when you lose what you've invested.

kingpin4321

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Quote from: bitbunnny on July 28, 2019, 05:42:51 AM

The best advice I got is never to invest with money you don't have.

Everyone needs to know this, especially those who are just coming in newly, they need to be taught not to borrow nor take loans to invest, you could be putting yourself into "double" debt if you do so, it's better you invest with the little you can spare, thus if the investment doesn't go well, you'll be rest assured you're losing little out of your income.
Another is to learn before investing, this will help you to understand all the requirements to succeed.

dkbit98

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Invest by doing Dollar Cost Averaging

You can explore and use calculator for Bitcoin here:
https://dcabtc.com/

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