Topic: What should a person know and do who is going to become an investor? - page 3. (Read 370 times)
July 01, 2018, 07:17:01 PM
One must invest in cryptos with caution. It may be easier for people that already have other source of income because they can afford to use part of their funds to invest in cryptocurrency and not depending on it totally for daily gains.
July 01, 2018, 02:03:32 PM
First of all,I think one must have financial stability. Have to take risk of certain amount that won't fall any impact in financial stability.What others thing one must know?
What is your opinion or idea?
A lot of things should be done before investing into something like stocks, currency, commodity or cryptocurrency, etc. First you should understand it before investing on it, and a lot of people are not doing this, they just want to invest because of the hype, not because they believe that it has a good future. This is why also there are lots of people that invested on cryptocurrencies are getting hacked or scammed, because they don't have enough knowledge on how to secure it. Of course financial stability is given, you can't invest if you don't have money to put into something. Risk is also given, there is no investment that has no risk, so before investing make sure that you can take the risk. What is your opinion or idea?
July 01, 2018, 01:21:46 PM
Of course, everyone knows the basic laws of investing
- spend only that amount you can painlessly part
- study, analyze, draw conclusions
- be cautious and if you take the risk you understand all responsibility.
But in the world of cryptocurrency is very often the usual roulette. Some of my friends just got lucky. They did for 10-20 000 without any deep knowledge. They earned it on frankly blind-alley projects.
Everyone has his own path. And there is no universal guide to action for everyone.
- spend only that amount you can painlessly part
- study, analyze, draw conclusions
- be cautious and if you take the risk you understand all responsibility.
But in the world of cryptocurrency is very often the usual roulette. Some of my friends just got lucky. They did for 10-20 000 without any deep knowledge. They earned it on frankly blind-alley projects.
Everyone has his own path. And there is no universal guide to action for everyone.
July 01, 2018, 12:58:22 PM
actually, to join in cryptocurrency we must learn the risks that can result from cryptocurrency itself. in investing, there will certainly have a risk, and that's what we have to accept. therefore we must avoid it with the knowledge that we have. it would be good if we had a good crypto understanding because it would help us to make a profit. so be wise in the world of cryptocurrency.
July 01, 2018, 12:10:40 PM
First of all,I think one must have financial stability. Have to take risk of certain amount that won't fall any impact in financial stability.What others thing one must know?
What is your opinion or idea?
He should understand that until the market is not regulated by law he should be patient and he should develop emotional stability and sobriety of his mind. On such investment markets like the crypto market, this is extremely important conditions for the entrance What is your opinion or idea?
July 01, 2018, 12:02:37 PM
I advise you must learn what is crypto and how it works in exchanges. Mostly, all altcoins has a bond with BTC and BTC price affect them closely. Either BTC prices rising or dropping all alts getting lose. So you have to learn that firstly. Then you can invest.
July 01, 2018, 11:59:57 AM
It is important to invest without errors when investing all the money itself without thinking about future risks so as to be stable in making decisions,, to avoid excessive losses,, understanding in the business becomes an advantage for yourself in order to get a very reliable and accurate place.., the risk is unavoidable but how to minimize the risk of flying hours is very useful to be highly learned in a mistake,,, an investor is very familiar with the risks....
July 01, 2018, 11:16:28 AM
OP even we don't have stable job like we have only a small amount of money still for me i will take some risk here in crypto and in real life because we can do investment here in affordable for us then of course all of us are have ability to earn money in real life so no question about money for investment and we need sometimes to take risk to learn knowledge like we need to buy phone for our past time another thing we should do is always take risk to earn because that's a chance so grab that
July 01, 2018, 10:48:53 AM
So, one must have basic educational knowledge of investing to avoid loss.
Yes, understanding the risk you are taking can minimize your losses but it can't totally avoid losses. Losses are normal to an investor so avoiding is difficult.Besides, A minimum stability is also required to cover the loss. And what do you know about the basic knowledge of investment? could you make it explain?
I've explained the part about it. 
July 01, 2018, 08:25:13 AM
I think that you should first of all understand that investing now is very dangerous, even given the fact that you have experience in this business. Study only those projects that may be in demand among people. Reading white paper can be a pointless exercise, because even if it is correctly stated, it will not mean that the project is not a Scam.
July 01, 2018, 03:20:51 AM
First of all,I think one must have financial stability. Have to take risk of certain amount that won't fall any impact in financial stability.What others thing one must know?
What is your opinion or idea?
What is your opinion or idea?
Unfortunately i can not agree on stability that can also be considered relative. So, in my opinion financial stability can help but unfortunately it is an illusion of comfort and if you seek high levels, getting out of stability is the way, that's what big investors say. Another factor we must consider is knowledge and improvement where no one becomes great at something without an effort, money is only a consequence of their actions.
What if one have just small savings and acquired good knowledge about investment. And then started to invest but if he loss accidentally all his investment, it will make him fear about further attempt to recover the loss, because he is not stable financially. So, i think a minimum financial stability is necessary to start investment in this crypto world.
(point to be noted that i am not talking about local investment which has small risk. I am talking about investment in crypto)
July 01, 2018, 12:17:20 AM
Yeah you are right. To be an investor is not that easy as people think. You have to do proper findings so that you can make the right decisions. Coz whenever money is invested in any business, anything can happen. Also you should start small and monitor how things work out from there. With time, you will gain enough experience and learn from your mistakes which will help you to make better decisions in future.
June 30, 2018, 06:30:59 PM
First of all,I think one must have financial stability. Have to take risk of certain amount that won't fall any impact in financial stability.What others thing one must know?
What is your opinion or idea?
What is your opinion or idea?
Unfortunately i can not agree on stability that can also be considered relative. So, in my opinion financial stability can help but unfortunately it is an illusion of comfort and if you seek high levels, getting out of stability is the way, that's what big investors say. Another factor we must consider is knowledge and improvement where no one becomes great at something without an effort, money is only a consequence of their actions.
June 30, 2018, 05:59:09 PM
Your best bet is to visit investopedia and start with the beginning courses which serves as a guidepost for aspiring investors. It's a invaluable encyclopedia that has everything you need to know in order to go about your venture successfully.
I use it frequently and I am sure that others here do as well. Remember to practice your due diligence and be cautious.
Happy trails!
I use it frequently and I am sure that others here do as well. Remember to practice your due diligence and be cautious.
Happy trails!
June 30, 2018, 05:41:16 PM
First of all,I think one must have financial stability.
Anyone who wants to invest, whether he is financial stable or not can be an investor. If he can invest small amount that can be his own start to learn more about it and gain financial stability.Have to take risk of certain amount that won't fall any impact in financial stability.
Like invest only what they afford to lose.What others thing one must know?
Before anything else like the amount they are investing or how much they can invest. They should be financial literate and have basic knowledge about proper investing. Literacy in investing is needed because someone who has big money but isn't literate with it can also lose money. June 30, 2018, 05:30:58 PM
First of all,I think one must have financial stability.
Anyone who wants to invest, whether he is financial stable or not can be an investor. If he can invest small amount that can be his own start to learn more about it and gain financial stability.Have to take risk of certain amount that won't fall any impact in financial stability.
Like invest only what they afford to lose.What others thing one must know?
Before anything else like the amount they are investing or how much they can invest. They should be financial literate and have basic knowledge about proper investing. Literacy in investing is needed because someone who has big money but isn't literate with it can also lose money. 
June 30, 2018, 04:59:18 PM
First of all,I think one must have financial stability. Have to take risk of certain amount that won't fall any impact in financial stability.What others thing one must know?
What is your opinion or idea?
What is your opinion or idea?
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