Print Page - NEWS FLASH! 10 most important Crypto guide in 2019 and beyond...

1) Diversify your portfolio if you are unsure of what you’re doing, then narrow down your portfolio if you know what you’re doing.

2) Surround yourself with crypto people, do not recruit your friends into investing in crypto.

3) Invest 10–20% of your income after tax in crypto (since most of you, don’t know what “invest what you can afford to lose” means).

4) Think long-term profits, not short-term gains.

5) Always do your own research. Manipulation, hype, pump and dump, fraud, scam, hacking, and stealing, are common here in this space, and can sometimes lead people to financial loss.

6) Keep your day job despite reaching your financial goal in crypto, so you are not emotionally dependent on your crypto profits as a source of income.

7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.

8) Read, and read, every day, do not underestimate the power of reading. Learn something new about blockchain and cryptocurrencies every day.

9) Avoid pyramid schemes, cloud mining, MLM, “earn interests” schemes and ponzi schemes such as Bitconnect.

10) Be responsible with your newfound wealth, don’t be reckless, you may experience a state of euphoria when your portfolio reached triple gains.

SECRET REVEALED!...

I just discovered a live training WORKSHOP that teaches you step-by-step on how to go from zero to $10,000+ in commission, selling other people's products as an independent affiliate entrepreneur, starting from scratch. Without creating your own product, Chasing or recruit people, and it's 100% location independent.

See it in action here liq.biz/mark (http://liq.biz/mark)

Quote from: DJ99 on June 01, 2019, 02:56:22 AM

1) Diversify your portfolio if you are unsure of what you’re doing, then narrow down your portfolio if you know what you’re doing.

i can't tell if you also mean it this way but "diversification" is always misinterpreted here as to invest also in altcions but that is NOT diversification because altcoins fall each time bitcoin rises or falls so you gain no benefit not to mention that their rises are never bigger than bitcoin in long term.

Quote

3) Invest 10–20% of your income after tax in crypto (since most of you, don’t know what “invest what you can afford to lose” means).

i disagree with percentages because they should be different for different people based on their lifestyle and risk taking attitude.

Quote

4) Think long-term profits, not short-term gains.
5) Always do your own research. Manipulation, hype, pump and dump, fraud, scam, hacking, and stealing, are common here in this space, and can sometimes lead people to financial loss.

this is only true if you are in bitcoin.
but when you enter the cryptocurrency market things become different. altcoins are pump and dumps and only profit you can get out is the short term gain.

Quote

7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.

very true for altcoins since they have no usages but bitcoin is already accepted in a lot of places (and growing) as payment

Quote

5) Always do your own research. Manipulation, hype, pump and dump, fraud, scam, hacking, and stealing, are common here in this space, and can sometimes lead people to financial loss.

Most people believe what they hear or read about crypto qithout wven verifying if it is legitimate or not. You should seek for other sources to confirm what you read or hear, or else you will be easily driven by hype or FOMO. Make your own research.

Quote

7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT

Agree, most people panic or rejoice whenever bitcoin price rise or fall. As long as you are not selling you do not incurr losses nor realize gain.

Quote from: davis196 on June 01, 2019, 05:47:28 AM

This topic belongs to the Trading Discussion forum.
You have a newbie account and you give advice to crypto traders.What makes you an authority?
Have you ever traded crypto?

Heyhey
For your information having a an older and higher rank account here doesnt make you above those who has newbie accounts.
What if a very good trader is not using this forum or doesnt have an account on this forum and he accidentaly cross with this forum?You cant tell wether if this guy is a good trader or bad but base on his advice its mostly on point.
So dont judge people here base on ranks :)

Quote

9) Avoid pyramid schemes, cloud mining, MLM, “earn interests” schemes, and ponzi schemes such as Bitconnect.

This is one of the most common problems that many newbies can get into when they enter the cryptocurrency space. Many think that just because a program is using bitcoin (or any coin for that matter) it is already legitimate only to realize later that they are actually victims of a big scam -- well just like the Bitconnect project (which is coming back by the way). The best thing to do is never jump into the sea without first knowing what you are jumping into.

Quote from: davis196 on June 01, 2019, 05:47:28 AM

This topic belongs to the Trading Discussion forum.
You have a newbie account and you give advice to crypto traders.What makes you an authority?
Have you ever traded crypto?

in my opinion the point of the topic is what you need to look not the rank of the member
based on the post he also have more than a year experience in crypto
no newbie will know the thing you need to avoid in bitcoin as long as you didnt experience it

Quote from: DJ99 on June 01, 2019, 02:56:22 AM

1) Diversify your portfolio if you are unsure of what you’re doing, then narrow down your portfolio if you know what you’re doing.

2) Surround yourself with crypto people, do not recruit your friends into investing in crypto.

3) Invest 10–20% of your income after tax in crypto (since most of you, don’t know what “invest what you can afford to lose” means).

4) Think long-term profits, not short-term gains.

5) Always do your own research. Manipulation, hype, pump and dump, fraud, scam, hacking, and stealing, are common here in this space, and can sometimes lead people to financial loss.

6) Keep your day job despite reaching your financial goal in crypto, so you are not emotionally dependent on your crypto profits as a source of income.

7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.

8) Read, and read, every day, do not underestimate the power of reading. Learn something new about blockchain and cryptocurrencies every day.

9) Avoid pyramid schemes, cloud mining, MLM, “earn interests” schemes, and ponzi schemes such as Bitconnect.

10) Be responsible with your newfound wealth, don’t be reckless, you may experience a state of euphoria when your portfolio reached triple gains.

I agree with all of them apart from the first one.
In my opinion, if someone doesn't know what he does he should better choose to invest in bitcoin rather than diversifying in many cryptocurrencies that they don't understand their technology.

Don't also be shy to ask if there's something that boggles your mind about what you've found out with crypto. All of those reminders are correct and it should be remembered by everyone mostly by the newbies who are just starting out their crypto journey. It's okay to think of short term profits because not everyone can avail to hold for a very long time. There are people that are bound and okay with long term profits but you just can't conclude that everyone should stick with that plan.

Quote from: Astvile on June 01, 2019, 05:56:54 AM

Quote from: davis196 on June 01, 2019, 05:47:28 AM

This topic belongs to the Trading Discussion forum.
You have a newbie account and you give advice to crypto traders.What makes you an authority?
Have you ever traded crypto?

I agree with you don't judge a person because of their rank OP is just giving out his/her investment advice .
And why should OP move this thread to Trading Discussion if it is all about investment not trading?
You've made your mistake and that just proves that not all of the high rank knows more than a newbie.
So don't look down on newbie since they could know more than some of the high ranks in this forum.

Quote from: Naida_BR on June 01, 2019, 07:31:15 AM

Because proper diversification isn't throwing money to shitcoins. Proper diversification is putting money on other non-crypto assets and businesses instead. Putting money on other cryptocurrencies with higher chances of failure is actually making your portfolio worse.

Quote from: mjglqw on June 01, 2019, 08:14:18 AM

Quote from: Naida_BR on June 01, 2019, 07:31:15 AM

Exactly. Usually all shitcoins lose value compared to Bitcoin in long term. There are very few coins which you can really accumulate more BTC buying them, and only if you sell in the correct time (which usually is a small window)

It's much safer to just stick to btc and tradicional investments

I agree with this:

Quote

IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.

Because if we still hold the crypto, we cannot take the profit even if the price of the coin has increased so high.
So don't forget to sell your coins when it increases and you can get your profit in fiat, and it's ready to send to your bank account.
But remember, don't invest with the money you cannot afford because you never know how long you will get the profit from crypto.

Emotionally attached to cryptocurrency is seriously a killer, you can't maintain your position, goals over the running charts and distractions, you might think hey i found a new promising ICO! should i exit my position and turn that up, when you are losing, funds are locked you are in deep water and struggle to explore flips, gambling, marginal tradings and you might just lose everything over a single hour. Daily is a must unless you have a steady passive income. You can't win against the market, you can't just get ATH and chase to the end, that's what i learned after the 2017 fall

Quote from: mjglqw on June 01, 2019, 08:14:18 AM

Quote from: Naida_BR on June 01, 2019, 07:31:15 AM

That's right, diversification doesn't mean you invest with another coin it can really be a good business, a stock market or even having a good life insurance that's the best diversification. Everything on the list is good, you just need a proper execution because no matter how you plan, but if you don't stick with it then its useless and you portfolio might be filled up by many shitcoins.

Quote from: DJ99 on June 01, 2019, 02:56:22 AM

1) Diversify your portfolio if you are unsure of what you’re doing, then narrow down your portfolio if you know what you’re doing.

2) Surround yourself with crypto people, do not recruit your friends into investing in crypto.

3) Invest 10–20% of your income after tax in crypto (since most of you, don’t know what “invest what you can afford to lose” means).

4) Think long-term profits, not short-term gains.

5) Always do your own research. Manipulation, hype, pump and dump, fraud, scam, hacking, and stealing, are common here in this space, and can sometimes lead people to financial loss.

6) Keep your day job despite reaching your financial goal in crypto, so you are not emotionally dependent on your crypto profits as a source of income.

7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.

8) Read, and read, every day, do not underestimate the power of reading. Learn something new about blockchain and cryptocurrencies every day.

9) Avoid pyramid schemes, cloud mining, MLM, “earn interests” schemes, and ponzi schemes such as Bitconnect.

10) Be responsible with your newfound wealth, don’t be reckless, you may experience a state of euphoria when your portfolio reached triple gains.

A good summary for the things that every newbies should learn for, its so easy to understand and I hope more newbies will become successful in the future. Diversified investment on cryptos is good, but invest the available money that you have its ok if its below 10-20% or even higher, its really up to your cash buffer. I do suggest to have fix investment monthly and you can have a good return in the long term of investing.

Quote from: Genemind on June 01, 2019, 06:54:36 AM

I agree with all of the strategies and advice that you have shared despite being a beginner.
We should keep these things in mind so our expectations won't exceed beyond the reality of investing.
Also, it's not always as profitable as we want so we should know how to deal with the market changes.

some of the points described above should indeed be done, it aims to create a portfolio that provides large profits. so maybe this can be used as one of the benefits to continue sharing about investment tips in bitcoin.

Quote from: mjglqw on June 01, 2019, 08:14:18 AM

Quote from: Naida_BR on June 01, 2019, 07:31:15 AM

I have to be more careful in placing opportunities for crypro, so I suggest to keep on being crypto who has high potential and invest in coins that are truly tested in the public.

Quote from: DJ99 on June 01, 2019, 02:56:22 AM

4) Think long-term profits, not short-term gains.

7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.

These should be put in our mindset always when we are trading or involving our money in the cryptocurrency there are so many things that can happen in just a day so you should always not consider the cash that you've put in your portfolio unless you sell it.
Long term is still the best investment but always do proper research to gain a lot of profit in doing this kind of strategy.

Quote from: DJ99 on June 01, 2019, 02:56:22 AM

1) Diversify your portfolio if you are unsure of what you’re doing, then narrow down your portfolio if you know what you’re doing.

This reminds me of people who bought many altcoins 2 years ago and did not sell all the coins. In this market, people need to have a lot of common sense.

Quote from: DJ99 on June 01, 2019, 02:56:22 AM

2) Surround yourself with crypto people, do not recruit your friends into investing in crypto.

It depends on your friend's abilities. For example if your friend was a big investor or trade, it sure would be a good idea "to recruit" him

Quote from: DJ99 on June 01, 2019, 02:56:22 AM

3) Invest 10–20% of your income after tax in crypto (since most of you, don’t know what “invest what you can afford to lose” means).

greed blind people

Quote from: DJ99 on June 01, 2019, 02:56:22 AM

4) Think long-term profits, not short-term gains.

if the person has good knowledge, then he will make a profit in both long-term and short-term

Quote from: DJ99 on June 01, 2019, 02:56:22 AM

5) Always do your own research. Manipulation, hype, pump and dump, fraud, scam, hacking, and stealing, are common here in this space, and can sometimes lead people to financial loss.

I agree

Quote from: DJ99 on June 01, 2019, 02:56:22 AM

SECRET REVEALED!...

It is nice topic and great guide I agree on your 10 crypto guides and it is very important to always remember it.
But I just hope you didn't make those great topic just to shill the training workshop I don't really think that people would actually believe in those kind of workshop.
It is better to enhance your own on your own way by experiencing and learning from it .
And besides there isn't really a guarantee that their words could really make it ,
If that is how things work then it would just be easy to gain profit we wouldn't need to invest too much.

Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: DJ99 on June 01, 2019, 02:56:22 AM