Topic: Why makes you so confident in your investment decisions? (Read 433 times)
On the off chance that we don't confide in ourselves and our instinct, what would we be able to trust? There are numerous financial specialists who point to the cash or venture since they are thoughtful and need accomplishment for a benefit later on, this is typical and we can likewise consider it as a solid theory and that moves the market. Presently what can not prescribe a money in a period of fall or disappointment. So comprehending what to prescribe is basic to evade false desires.
Checking and analyzing are two aspects that influence on my decisions and choices. Without them it is too risky to decide about investments reling on only intuition.
i still doubt the Investment to other coins i just entrusted to bitcoin and ethereum that have benefited me so much growth too in comparison to other coins
I am confident in my investments. More precisely, I am sure that I made the right decision by investing in bitcoin. I read a lot of information. I analyzed it and made some conclusions. First of all, I sifted out untrue information I trust my friends and on their positive example I decided to invest in bitcoin and never regretted it.
Experienced makes you comfortable in everything you did observe, read, research, self study and of course ask guidance from our circle of friends who already in success of this crypto world.
Something I noticed is I see a lot of people saying something like this: "I invested in this coin, it looks good." It's a very common phrase when someone gives a recommendation around here.
It's telling when someone says "that one looks good" instead of saying "I know that one is good"
It like when you ask your friend a question and they say "I think so" instead of "I know so". It's away of distancing yourself from your answer to mitigate any damage in case you're wrong.
It also strikes me strange when someone's got a portfolio with 10 or more different cryptos, I just think that's plain wrong. Ideally you should have up to 3 cryptos (personal opinion), and I've explained why in this thread https://bitcointalksearch.org/topic/80-of-altcoins-will-fail-optimum-strategy-picking-3-coins-no-more-no-less-3627234 but the takeaway is that cryptos are risky business. It's not good to expose yourself more than you have to. It's like staying in the casino longer than you need to.
If you were offering a sniper rifle or a shotgun to someone, the person with his/her eyes wide open would choose the sniper rifle. The person with their eyes closed would choose a shotgun.
Why not have more than 10 coins in your portfolio? I read several good analysts in their telegram channels and they have 20-30 coins each. This is called diversification. Of course if your deposit is $ 1000 then you do not need to disperse it into so many parts. But if you manage big money then it is necessary to limit the risks. It's telling when someone says "that one looks good" instead of saying "I know that one is good"
It like when you ask your friend a question and they say "I think so" instead of "I know so". It's away of distancing yourself from your answer to mitigate any damage in case you're wrong.
It also strikes me strange when someone's got a portfolio with 10 or more different cryptos, I just think that's plain wrong. Ideally you should have up to 3 cryptos (personal opinion), and I've explained why in this thread https://bitcointalksearch.org/topic/80-of-altcoins-will-fail-optimum-strategy-picking-3-coins-no-more-no-less-3627234 but the takeaway is that cryptos are risky business. It's not good to expose yourself more than you have to. It's like staying in the casino longer than you need to.
If you were offering a sniper rifle or a shotgun to someone, the person with his/her eyes wide open would choose the sniper rifle. The person with their eyes closed would choose a shotgun.
the majority of beginners just follow what the choice their predecessors because it is considered to have more insight. This is great but surely many who panicked when opinions will vary. to be sure and confident with what's invested better analyze yourself based on facts and the existing potential. so the results obtained will be far better and certainly, the risk as well as a profit will be made proud and confident.
I decided to invest in bitcoin. I am confident saying that I am not afraid of losing money in this area. Because I have a very good person in this field guide. I always invest properly not over-hoarding. Buying a coin also requires a proper look at how to buy coin.
I am sure that I made the right decision by investing in bitcoin. reading a lot information, my analysis and experience make me confident about my investment decisions.
Just do your fundamental research and you will be confident in your investment decisions besides the market trends.
Well it is a game of assumptions . The one who played it well gets all the good things and the one who did something wrong has to pay for it .
One has to be very sure but still there will be a little assurance of whether what you thought about the coin or the ICO
is right or not.
One has to be very sure but still there will be a little assurance of whether what you thought about the coin or the ICO
is right or not.
I admit that i am not that confident in my tradig decisions because regrets and doubts are always on the line before investing to that altcoin. I traded at kucoin rarely because crypto business was my part time job and i am not that updated anymore in crypto news. Still, i managed to multiply my investment at kucoin and always buying those altcoin when the market is in red thel sell it when a bull run starts. 15% to 20% increase of my altcoins is already enough for me to sell those for a profit.
I decided to rely on my belief in this market because it is the most modern industry in the world and I often invest long term in the best potential altcoins in the world such as ETH, NEO, TRIG. I believe in these investments because I am sure in the near future all three coins will increase and dominate the Cryptocurrency after Bitcoin.
Great post op and I agree with you here. No one can accurately predict what will happen at any particular point of time in this extremely volatile crypto market which is why this is a high risk market and you should be prepared to lose your money. Some investors like me choose to do their research before investing into different coins and tokens(Don't see any problem investing in more than 3 coins) while the remaining investors invest without doing proper research. Research makes me confident about my decisions while luck is also a crucial factor here.
I believe that it is necessary to have more than 10 coins in your wallet. This reduces the risk of losing money. I mean, when you lose 1 coin out of three it's noticeable. If you lose 1 coin out of 10, then you can survive.
The percentage of confidence will be higher if a person invests money in bitcoin or Etherium, and investing in many other coins can be mistaken!
I check full information and then I start to analyze its characteristics. After that I make trends and there will be the result, will be I able to work with it or not.
You can never be absolutely sure of my investment decisions in the crypto space. We are working in a market where nothing can be predicted for sure. At any moment the situation can change and at any time.
Something I noticed is I see a lot of people saying something like this: "I invested in this coin, it looks good." It's a very common phrase when someone gives a recommendation around here.
It's telling when someone says "that one looks good" instead of saying "I know that one is good"
It like when you ask your friend a question and they say "I think so" instead of "I know so". It's away of distancing yourself from your answer to mitigate any damage in case you're wrong.
It also strikes me strange when someone's got a portfolio with 10 or more different cryptos, I just think that's plain wrong. Ideally you should have up to 3 cryptos (personal opinion), and I've explained why in this thread https://bitcointalksearch.org/topic/80-of-altcoins-will-fail-optimum-strategy-picking-3-coins-no-more-no-less-3627234 but the takeaway is that cryptos are risky business. It's not good to expose yourself more than you have to. It's like staying in the casino longer than you need to.
If you were offering a sniper rifle or a shotgun to someone, the person with his/her eyes wide open would choose the sniper rifle. The person with their eyes closed would choose a shotgun.
It's telling when someone says "that one looks good" instead of saying "I know that one is good"
It like when you ask your friend a question and they say "I think so" instead of "I know so". It's away of distancing yourself from your answer to mitigate any damage in case you're wrong.
It also strikes me strange when someone's got a portfolio with 10 or more different cryptos, I just think that's plain wrong. Ideally you should have up to 3 cryptos (personal opinion), and I've explained why in this thread https://bitcointalksearch.org/topic/80-of-altcoins-will-fail-optimum-strategy-picking-3-coins-no-more-no-less-3627234 but the takeaway is that cryptos are risky business. It's not good to expose yourself more than you have to. It's like staying in the casino longer than you need to.
If you were offering a sniper rifle or a shotgun to someone, the person with his/her eyes wide open would choose the sniper rifle. The person with their eyes closed would choose a shotgun.
Evidence-based research is the only way to go.
I agree with your points and i believe that in crypto markets, speculation is a very common tool which is misued by many newbie and experienced traders. The only way to succeed and be confident about your investment is to really research on the what the company/project is planning to and is currently doing. This means understanding the problem they are solving and their solution to the problem as well as digging deeper and actually looking at their developers, work office, making phone calls, and even talking directly to the team.
In my opinion, when I decided to invest in an ICO, I must have a very careful considerations. I will not take too big risks to only follow the hype or fomo by many people. Therefore, I feel so ready and confident of what I have invested. Although the result will be determined by the market, I think with the enough consideration and preparation, the result will be legit.
Yes, I agree with the author that a lot of coins do not need to buy, it is very difficult to follow all the coins. But when you take part in a bounty, a lot of coins accumulate, so you have to watch out for everyone!
Jump to: