Bitcoin Forum

Are you planning to invest in cryptocurrencies? Well, you couldn’t have chosen a better time. Now is the perfect time to start your crypto journey and make some nice, profitable investments. Whether you’re looking to invest in the short-term or for the long-term, cryptocurrencies can guarantee the best returns.


If you are here, you are probably looking for tips for investing in cryptocurrencies and how to get more profit from cryptocurrencies. So, here you go.


Best Tips for Cryptocurrency Investors


#1 Stay Invested in Bitcoin

 

Bitcoin is a volatile cryptocurrency and also very powerful. Presently, it is stuck in the 10k hurdle, but it will eventually overcome it, as it always does. Once it happens and the bullish run starts, you can expect Bitcoin to reach as high as $20,000 or even higher.


So, if you hold some bitcoins in your wallet, stay invested. If you don’t, buy some bitcoin now while the price is low.


#2 Explore New Altcoins


Besides bitcoin, make sure that you have in your portfolio some good altcoins. Altcoins are alternative cryptocurrencies that are created on the shortcomings of bitcoin, which automatically makes them better than bitcoin in terms of actual uses. For instance, Titan coin, which is an altcoin, can be used for making cross-border payments quickly and at a low cost. Also, the coin comes with its own set of use cases in the form of Titan applications and also allows payments at local/online merchants.


#3 Buy Low, Sell High


It is always the right time to buy when the price is low. The price of most cryptocurrencies is low now, which makes it a superb time to buy. Buy low and then wait for the price to go up. Hold for the long term if you wish to make a significant profit from your crypto investment.


#4 TTN is a Strong Buy


If you take a look at the signals in the crypto market, they all will tell you to buy TTN. Titan Coin (https://titanprojects.co/) is a strong cryptocurrency and has a powerful community of users and investors backing it. There is always a demand for a good coin in the market, and TTN is one such coin. Now that the price is reasonable, all investors are recommending to buy TTN. Buy now to make good profits in the near future.


#5 Buy ETH, BNB, and XRP


Other cryptocurrencies with strong buy signals include ETH, Binance Coin, and Ripple. All these coins have shown good potential in the past and touched the milestone several times. They are trading on the lower side, as of now, which makes it the best time to invest in time. In the next few weeks, you can expect the price to rise.


#6 Keep Your Exit Plan Ready


Even before you start investing in cryptocurrencies, make sure that you have an exit plan. Having an exit plan is important for your peace of mind. For instance, you can commit to exiting when your portfolio has reached a certain level. The best way to do that is to place a Stop Limit with your orders.


Hope you like these crypto investment tips and find them useful in your investment efforts. If you have questions or comments, feel free to share below.

The #1 reminder is real. You need to remain invested in bitcoin because it's the safest crypto at all. The volatility is high but it is the most recommended crypto asset.

You could have just merged #2, #5 and #4 as you are an obvious promoter of that project.

And how long do I have to do that step? And when will I know where is the low and when is the high?

Nobody would exactly be able to time the market generally, if you invest during the dips when it has dropped and then you get a good chance then buying during the rising times. So that direction you will have to get it from your research and knowledge. And then based on your targets you can hold or sell it.

#1 is the must coin that we must have.
#2 can be a choice to make a profit from altcoin.
#3 will be a way to make a profit.
#4 I am sorry, but I don't know about that coin.
#5 buying ETH, BNB, and XRP can be a good choice to have the next investment besides bitcoin.
#6 will be related to #3 because if we are trying to buy low and sell high, we can not do that again.

The altcoin or bitcoin will have the time to stay at the bottom for a while before it increases back.

Did you back test this strategy or just writing in general? No offense just asking.

I prefer to buy Eth for investment savings besides the price which is quite stable as well as according to rumors there will be big changes later in 2021 I am sure in the next year the price will increase

If you do not want to worry too much about your investments, but still make good profits in the future, then it is really best to choose the top-rated cryptocurrencies for long-term purchases, such as Bitcoin and Ethereum. And if you take advantage of the moment when DeFi projects are very popular throughout the cryptocurrency market among investors, then there is a chance to make a lot of money in a short period. But only in this case, you need to be not only careful, but also smart in order to conduct a clear analysis of each project, as a potential investment.

Good one!

I already following above tips, really those tips are useful. If you want to trade crypto then you have to learn it in advance level and explore crypto updated on daily basis.

Hard work make you better than others.

Good luck

Good tips, indeed. Here are a few more to check out.  :)


The basics - get to know the basics. Sometimes even a simple explanation could cost you a lot. A simple detail/price change or something else. Understand the whole blockchain technology. You shouldn’t rely on some random “knowledge” to make your investment decisions. Until you can judge a project for yourself, you will be missing out on big opportunities, and therefore miss a great deal.

Fees - pretty simple, but sometimes despite all the benefits, the general outcome could be lower. Take your time and find the right exchange with the best fees.

Amount to invest - don’t invest your life savings. A general rule here is don’t invest more than you can afford to lose.

Finding opportunities - a good factor to consider when looking for coins with growth potential is the market capitalization of the coin. The ‘market cap’ is calculated as [current price * circulating supply] and is often a better indicator of a coin’s valuation by investors. A reminder that this is not always true.

Diversify - pick at least 5 coins to invest. At the same time, keep track of no more than 10 coins. Follow them, create an opinion, and maximize the investing opportunity. It is better to share your funds among more than 1-2 coins. It is safer.

This article is really helpful for new investors. But i think investment not for me. Always this has bad for me. Already i lost many assets on investment.  But i want buy XRP for holding.       

Eyeing for xrp, looking the opportunity to sell most of my holding coins to buy xrp, I just want to get a chance to have the upcoming SPARK token airdrop, those who are not yet know this, SPARK token offer a 1:1 airdrop once you have a bag of xrp this coming December.

Good tips, i especially love the idea of exploring new altcoins cos you never know when you will stumble accros a real gem, although this can also lead to a huge loss if proper research was not done, altcoins are way riskier investment compare to investing in old and trusted coins like btc, eth, bnb and co.
between i can't help but notice is as if you are shilling Titancoin to the community (not that there is anything wrong in that) because i just check it out to find what is unique about it but all i can see is same old stuff as any other coin in its category, anyways, we all have our various opinion on what we see to be a potential investment, overall, am looking forward to a good year end.

Good way, I will try the tips that you share, I think this is very useful and everyone needs to know this.

These are the advise to follow and make profit in cryptocurrency. For the number 2 point, exploring new projects can be very profiting. In this year, despite the corona virus that visited the world, some new projects this year have been good to investors like curio , DIA, cartesi etc. Although curio is not a project for this year but it is berely new to break into the market.

Also etheruem no debate is the best altcoin and better in the group to invest on. Binance is the second in the number 5. Binance is an exchange coin and the exchange is highly active, listing project likely to pull high volume of trade. Ripple, centralized but with active admin.

And also it may lead to losses if they will not do a background check for those new altcoins so I'd rather erase that option and stick with the top alts since they are more safe rather than new ones since those are prone to heavy dumps.

But I also like the #5 suggestion since over the years they have strong existence and also their foundation is great so most provably this coins will stay and most provably could bring a good profit to us in future.