You should ask yourself if you really ready for this?
Ask yourself if you have researched enough?
Are you going to put or your income into it?
What percentage of your money are you willing to put into?
Its not a get rich quickly business So: Are you really ready to wait?
Topic: What questions should I ask myself before investing in a cryptocurrency? (Read 703 times)
September 08, 2017, 06:14:42 AM
September 08, 2017, 06:08:20 AM
1. Whether this region need to use the blockchain.
2. A good team
3. As far as media project.
4. Whether you believe in the project, market participants
2. A good team
3. As far as media project.
4. Whether you believe in the project, market participants
September 07, 2017, 02:52:27 AM
I think possible questions will be:
1. Why Cyrptocurrency and not other form of investment?
2. How much to invest and whether I need the money when something happen?
3. Whether I am active enough to keep reading and keeping track of my investment?
4. What will I do if the entire market collapse and I lose all my money?
1. Why Cyrptocurrency and not other form of investment?
2. How much to invest and whether I need the money when something happen?
3. Whether I am active enough to keep reading and keeping track of my investment?
4. What will I do if the entire market collapse and I lose all my money?
September 07, 2017, 02:49:14 AM
initial capital already in possession of previously valuable. So in making investments can run fast and the profits will also be large and can improve the economic system for the better.
September 07, 2017, 02:46:38 AM
Questions are:
Can I afford to lose this money?
Do I understand marketcaps?
Am I investing because I can see how valuable this idea can become or because people are saying it's great?
I think the third one is not important in trading. One has to be a good trader and that's it. In such kind of business, if you sell apples you don't need to love and be expert on apples. You just have to be sure people will buy them. And people don't always buy the best. Indeed, people buy something a lot because of other people saying that it's worth buying.Can I afford to lose this money?
Do I understand marketcaps?
Am I investing because I can see how valuable this idea can become or because people are saying it's great?
Actually many things :
So you really have to invest fiat money every month? No chance to earn something and then continue with the profit you've made, instead of investing more cash?- Am I sure to really understand what crypto money is?
- what are the risks of crypto-investment ?
- How much FIAT money can I afford to invest on a monthly basis ?
- What could be the possible outcomes of a state regulation of the crypto world
- Why do I want to get involved in crypto world ?
By the way, I think a very important question is whether you are obsessed with coins and money in general. You have to be rather calm and cold about coins to be a good trader. Otherwise you will not overcome your losses and won't sell coins when necessary.
September 07, 2017, 02:24:40 AM
When it come to a successful crypto it is all about the coder(s) and able team. The hype, the scam and the spam not going to stay for long to sustain if the team can't proved anything.
Besides your financial context (should I invest in this ? can I afford to ? how much can I afford to lose ?), just THIS.
The team is, imo, one of the biggest variable of a successful cryptocurrency.
Take a half hour, and go through the LinkedIn profiles of every member of the team. Do they have the experience for that stuff ? Do they know each other ? Who have they worked for in the past ?
It's boring, but it speaks volume about how serious the project is, usually.
September 07, 2017, 02:04:47 AM
Ask yourself this, Are you in it for a quick gain? if you think its a get rich quick kind of thing don't invest.
Am i ready to risk? If you are then trading is the way to go, its high risk high reward.
Am i willing to work a little? If you are you can look into buying a mining rig, its a stable (relatively) investment in crypto but requires a bit of work.
Am i ready to risk? If you are then trading is the way to go, its high risk high reward.
Am i willing to work a little? If you are you can look into buying a mining rig, its a stable (relatively) investment in crypto but requires a bit of work.
September 07, 2017, 01:36:26 AM
Actually many things :
So you really have to invest fiat money every month? No chance to earn something and then continue with the profit you've made, instead of investing more cash? - Am I sure to really understand what crypto money is?
- what are the risks of crypto-investment ?
- How much FIAT money can I afford to invest on a monthly basis ?
- What could be the possible outcomes of a state regulation of the crypto world
- Why do I want to get involved in crypto world ?
September 07, 2017, 01:11:59 AM
Questions are:
Can I afford to lose this money?
Do I understand marketcaps?
Am I investing because I can see how valuable this idea can become or because people are saying it's great?
Don't you think that other people's opinion might be more valuable at the beginning? They might have more experience and understand much better than I do. Isn't it right? Can I afford to lose this money?
Do I understand marketcaps?
Am I investing because I can see how valuable this idea can become or because people are saying it's great?
September 06, 2017, 03:35:12 PM
Actually many things :
- Am I sure to really understand what crypto money is?
- what are the risks of crypto-investment ?
- How much FIAT money can I afford to invest on a monthly basis ?
- What could be the possible outcomes of a state regulation of the crypto world
- Why do I want to get involved in crypto world ?
September 06, 2017, 03:17:38 PM
Here is what I look at before putting money into a coin. Check the team, see if they are legit and working full time or not. Secondly, I look at the whitepaper. A lot about the project can be made out from the whitepaper. Lastly, the community should be closely knit.
September 06, 2017, 02:59:55 PM
How can you tell that you are ready to become an investor in general and a cryptocurrency investor in particular?
Would be great to hear the opinion of experienced investors.
The best thing to start trading is when you are sure that you are going to make money with high risk investment .Would be great to hear the opinion of experienced investors.
Here when i was newbie in the trading then i was scared that whether it is profitable or not and how much time it will take.
And the results is here what i can tell you .
My main question of risk in trading is the truth , if you invested in a coin then you should make yourself sure that chances of getting profit and loss are same because Any coin can be go to down fully and also can get up easily .
And Second thing that was totally doubtful for me was the time that will take for the for the trading is not sure but it is the truth that a single coin will fluctuate to high once in the 3-4 months , so if you invested in coin then you should wait until 5-6 months atleast to get profit and don't get fear tgat you lost your money , don't sell your coin until you made profit
.Hope these experience of my life in this field work for you to get success in bitcoin field .
September 06, 2017, 05:36:32 AM
When it come to a successful crypto it is all about the coder(s) and able team. The hype, the scam and the spam not going to stay for long to sustain if the team can't proved anything.
September 06, 2017, 05:32:23 AM
can you afford to lose it all, the first and most important question. 
September 06, 2017, 04:32:42 AM
You do not have to invest more than you can lose. Also you should analyze the project in which you want to invest - team, problems that the project solves, project competitors and more
Is there any plan you use to analyse the project?That's a good one, thanks.
Also, are you ready to make a lot of money from your small investment? Are you ready to store your coins for a while?
September 06, 2017, 04:26:14 AM
If you are goin to be an investor you should keep in my that you should invest only what you can live. If you invest all your money you will lose you living. In crypto you should also considered the project, what does the project wants to resolve is the dev team are trust worthy check their background.. How many coins will they release and what will happen to the coins that did not sell. Check also thier road mad...
September 06, 2017, 04:14:27 AM
How can you tell that you are ready to become an investor in general and a cryptocurrency investor in particular?
Would be great to hear the opinion of experienced investors.
Would be great to hear the opinion of experienced investors.
You can tell that you are ready to become an investor in general if you already master the basics on how it work so you can gain profit, it applies also the the cryptocurrency. You need to be aware also to the risk.
I am not an experienced investor but I have few investment that I put on cryptocurrency and as of now I am earning a little percentage to what I have invested.
Goodluck and may you become a successful investor someday.
September 06, 2017, 03:56:41 AM
Questions are:
Can I afford to lose this money?
Do I understand marketcaps?
Am I investing because I can see how valuable this idea can become or because people are saying it's great?
Can I afford to lose this money?
Do I understand marketcaps?
Am I investing because I can see how valuable this idea can become or because people are saying it's great?
September 06, 2017, 03:49:36 AM
ask yourself what you really want to do.
you need to accept these things:
- trading altcoins is very risky
- altcoin market is very manipulated
- you can lose a lot of money but you can also earn a lot too.
- it will require a lot of time to learn and a lot of time to study and trade.
if you are ready to do all this and accept the risks that comes with them then you are ready to become a trader.
i say "trader" instead of "investor" that you used because i believe investment in altcoins is not really a good choice but rather trading them is the better choice that you can be more successful in.
Doesn't trading require special skills before you start? I've seen lots of my friends loose bunch of money in the market while the others eventually earned on investment. you need to accept these things:
- trading altcoins is very risky
- altcoin market is very manipulated
- you can lose a lot of money but you can also earn a lot too.
- it will require a lot of time to learn and a lot of time to study and trade.
if you are ready to do all this and accept the risks that comes with them then you are ready to become a trader.
i say "trader" instead of "investor" that you used because i believe investment in altcoins is not really a good choice but rather trading them is the better choice that you can be more successful in.
September 06, 2017, 01:39:11 AM
ask yourself what you really want to do.
you need to accept these things:
- trading altcoins is very risky
- altcoin market is very manipulated
- you can lose a lot of money but you can also earn a lot too.
- it will require a lot of time to learn and a lot of time to study and trade.
if you are ready to do all this and accept the risks that comes with them then you are ready to become a trader.
i say "trader" instead of "investor" that you used because i believe investment in altcoins is not really a good choice but rather trading them is the better choice that you can be more successful in.
you need to accept these things:
- trading altcoins is very risky
- altcoin market is very manipulated
- you can lose a lot of money but you can also earn a lot too.
- it will require a lot of time to learn and a lot of time to study and trade.
if you are ready to do all this and accept the risks that comes with them then you are ready to become a trader.
i say "trader" instead of "investor" that you used because i believe investment in altcoins is not really a good choice but rather trading them is the better choice that you can be more successful in.
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