Quote
'Never invest more than you are willing to lose'
Put in what you can be able to withstand the loss
Topic: What is the best advice you ever heard in case of investments and all - page 9. (Read 1503 times)
July 28, 2019, 03:46:29 AM
A wise advice noting how uncertain investment can be. If possible do not borrow to invest. I know some people who collects loans with collateral to invest in something but failed and are settling cases with there lender.
Put in what you can be able to withstand the loss
July 28, 2019, 06:58:11 AM
I made this post a long time ago and it still holds true until today. I cannot pick which one is the best since they are all great advice. Feel free to add them on your list.
1. Commit yourself to becoming an expert in all aspects of cryptocurrency (mining, fundamental & technical analysis, etc.)
2. Only invest what you can afford to lose, and be okay with the fact that you might lose it all.
3. Learn/Experience altcoin bubbles & herd behavior. Remove your emotions from the process.
4. You can't be correct 100% of the time. Expect to lose sometimes. It's about optimizing your percentages, not perfection.
5. Always keep your mind set on the end goal (no more salary/slavery) and focus on how to achieve that.
6. Become a master of reviewing altcoins, learn how to spot a scam so that its almost instant when you look at a shitcoin.
7. Diversify into as many quality altcoins as you can. That way you can experience market bubbles thousands of times over. If you hold all the coins and accumulated them for cheap, you've lowered your risk and win every time there's pump.
8. You must understand the time dimension. All losses/profits are temporary until you've made the trade. All altcoins are related but on their own market cycle. Most of your coins are winners but u need the patience to wait for the right time to make each trade.
9. HODL until moon or grave. Store your top cryptocurrencies for long term gains. You need strong hands to hodl through shakeouts.
10. Find or create a group of like minded individuals to share your research and investment ideas with.
2. Only invest what you can afford to lose, and be okay with the fact that you might lose it all.
3. Learn/Experience altcoin bubbles & herd behavior. Remove your emotions from the process.
4. You can't be correct 100% of the time. Expect to lose sometimes. It's about optimizing your percentages, not perfection.
5. Always keep your mind set on the end goal (no more salary/slavery) and focus on how to achieve that.
6. Become a master of reviewing altcoins, learn how to spot a scam so that its almost instant when you look at a shitcoin.
7. Diversify into as many quality altcoins as you can. That way you can experience market bubbles thousands of times over. If you hold all the coins and accumulated them for cheap, you've lowered your risk and win every time there's pump.
8. You must understand the time dimension. All losses/profits are temporary until you've made the trade. All altcoins are related but on their own market cycle. Most of your coins are winners but u need the patience to wait for the right time to make each trade.
9. HODL until moon or grave. Store your top cryptocurrencies for long term gains. You need strong hands to hodl through shakeouts.
10. Find or create a group of like minded individuals to share your research and investment ideas with.
July 28, 2019, 05:29:03 AM
So far, the best I have heard from my friend was,
"Do not invest immediately or hastily".
When there is a popular invesment, there are certain instances that we are jumping and invest rushly. If we are going to analyze, learn everything, balance financial status or organize our money, there will always be success in investments with of course patience at the same time.
"Do not invest immediately or hastily".
When there is a popular invesment, there are certain instances that we are jumping and invest rushly. If we are going to analyze, learn everything, balance financial status or organize our money, there will always be success in investments with of course patience at the same time.
July 28, 2019, 05:14:10 AM
“Be earful 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.
July 28, 2019, 01:37:35 AM
Quote
'Never invest more than you are willing to lose'
Put in what you can be able to withstand the loss
July 28, 2019, 04:51:45 AM
The best advice when it comes to investing for me is still "you can only lose 100% but wining is unlimited" - i like to use this one when i talk to people who dont like the stockmarkets, commodities or cryptocurrencies. (most of the people have never invested, they just dont like it because they heard bad things about)... 
July 28, 2019, 04:47:09 AM
I learn so much from another people experiences, there are many advices i can get. Like you must have good money management, not all trader who have a lot of balances can grow up and being rich from it. And then when we get little profit, try to take it, we don't know if we ignore it then the price can be falling down and make us losess.
July 28, 2019, 04:42:51 AM
The best advice I got is never to invest with money you don't have. In other words don't take loans to get the money for investing.
The other is never to put all eggs in one basket and that is also very true. Diversication is good and you always need to have multiple choice and a back up. If you stick to all this you will not get in ackward situation.
The other is never to put all eggs in one basket and that is also very true. Diversication is good and you always need to have multiple choice and a back up. If you stick to all this you will not get in ackward situation.
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July 28, 2019, 04:05:47 AM
I wouldn't say this is the best advice, but it makes so much sense. It's a quote from Warren Buffet:
"Diversification may preserve wealth, but concentration builds it."
I stumbled upon this phrase just a few days ago. Funny how I never heard this before. It's certainly not more popular than "don't put all your eggs in one basket" which suggest diversifying your investment. But if you're still building your wealth, investing in fewer opportunities, while riskier, is the right move to make.
"Diversification may preserve wealth, but concentration builds it."
I stumbled upon this phrase just a few days ago. Funny how I never heard this before. It's certainly not more popular than "don't put all your eggs in one basket" which suggest diversifying your investment. But if you're still building your wealth, investing in fewer opportunities, while riskier, is the right move to make.
I'll consider it one of the best and it take only an intelligent, smart mind to realize that. Most average investors go with the usual advice everyone can get their hands on but only a few have alternative advice and that make them stand out. While everyone is hodling only few investors are buidling. Most, (if not every) serious investor out there is aware of diversifying their wealth but not many knows concentration build's it.
Warren and Kiyosaki are the two investors I consider the best so I don't play with any investment advice coming from them. They don't give regular advice, e.g when everyone thinks you make profit when you sell, Kiyosaki tells you, to make that profit when you buy and not when you want to sell.
July 27, 2019, 08:39:18 PM
"invest only what you afford to lose" is one of the most helpful advices that I heard, especially in the crypto world. The volatility is high and also the risk of losing is always high when you deal with cryptocurrencies, so don't invest more than you afford to lose.
July 28, 2019, 03:43:54 AM
The one who gave me the best advice is my mentor who taught me everything I know about crypto.
When I was new, he often say there's no easy money online and you have to become patient.
But the word came from him that marked on my head and I will never forget is "never invest the money you cant afford to lose" because there's no assurance if you're going to get profit from your investment.
When I was new, he often say there's no easy money online and you have to become patient.
But the word came from him that marked on my head and I will never forget is "never invest the money you cant afford to lose" because there's no assurance if you're going to get profit from your investment.
July 28, 2019, 01:50:49 AM
Back in 2006, when I was about to invest in stocks for the first time, my uncle gave some precious advice to me. He told me that I should stick to the profit booking and loss making targets, and should not get carried away by sudden price rises. He also asked me to not to get emotionally attached with any of the investment assets. I followed these two advices for the last 13 years, and I can say with some surety that it saved me from crippling losses a lot many times. IMO, greed is a basic human character. We need to control it, if we want to make our investments profitable.
July 27, 2019, 05:24:50 PM
You know, there are a lot of people here that said great things about trading and investing, and I think the best of them all is Keep on holding! or maybe Keep on HODLing. It is not that of an advice but seeing the price chart, you will be able to know that it can give good profits in the long run.
July 27, 2019, 09:51:39 PM
I wouldn't say this is the best advice, but it makes so much sense. It's a quote from Warren Buffet:
"Diversification may preserve wealth, but concentration builds it."
I stumbled upon this phrase just a few days ago. Funny how I never heard this before. It's certainly not more popular than "don't put all your eggs in one basket" which suggest diversifying your investment. But if you're still building your wealth, investing in fewer opportunities, while riskier, is the right move to make.
"Diversification may preserve wealth, but concentration builds it."
I stumbled upon this phrase just a few days ago. Funny how I never heard this before. It's certainly not more popular than "don't put all your eggs in one basket" which suggest diversifying your investment. But if you're still building your wealth, investing in fewer opportunities, while riskier, is the right move to make.
July 27, 2019, 09:34:18 PM
To be honest, I just read posts here about investments and take that.
If we will be talking about something but not really investment but I think that counts since it is about patience.
PATIENCE IS A VIRTUE
My mother told me this when I was in college since I graduated late since I stopped to help my family because my sister is sick at that time. It is the same in investing and trading though.
If we will be talking about something but not really investment but I think that counts since it is about patience.
PATIENCE IS A VIRTUE
My mother told me this when I was in college since I graduated late since I stopped to help my family because my sister is sick at that time. It is the same in investing and trading though.
July 27, 2019, 09:23:54 PM
Invest based on as much information as possible and as little emotions as possible.
July 27, 2019, 03:25:45 PM
Only invest what you can afford to lose
Do not put all your eggs in one basket
Always do a little research on the project you want to invest in.
Do not put all your eggs in one basket
Always do a little research on the project you want to invest in.
July 27, 2019, 06:17:55 PM
An advice is an opinion or suggestion about someone should do. But it will always depend on ourselves, you know everyone of us have a different experiences in crypto world. Some people success and failed. I think the best advice I'd ever heard is being open for negativity, it might sound pessimist. You know, thinking negative doesn't mean that you're allowing it to happen. Sometimes it is better to prepare your self for that thing to happen. Our emotions can sometimes cease us to reach what is our goal.
July 27, 2019, 02:51:36 PM
Quote
'Never invest more than you are willing to lose'
so cliche
but correct. especially very correct for the markets like crypto market. it is really so hard to predict anything here. you can loose so many in very short time. or you can be a rich man in a few months. July 27, 2019, 04:52:57 PM
Dont buy during the hype. It is already too late and the prices have already skyrocketed. When everybody is talking about a certain asset and it is all over the news it is not a good time to buy. Sooner or later the prices will stabilize and after an imminent dump comes better opportunities.
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