Bitcoin Forum

Wow. It is bluer than blue.

Maybe you should've stayed with just using black fonts and not that sore in the eye colorful thread.
I read it and it is all just basics which have been posted here a lot of times.

You wont get any merits from this since it is just like a repeated thread and you might even get a warning for your colorful art.  ;D

hhhhh thnx for the advice i will change the color  ;D

Your fifth advice is more like a security advice on how to safeguard your coins than the trading advice.I liked the moral that one should not invest all his income but keep some aside for emergency, investment is long term indeed.

Thanks so much for this helpful information. In addition to what you're saying. Do not move with communities.

Nice advices but too simple. Perhaps you will share your trading strategy in more detail, one "you only need to buy at the bottom" is not enough. However, this information will be useful for beginners.

I've watched a video on youtube pertaining to the strategy that we should accumulate cryptos on a daily basis and not just depending on the low price amount but to diversify the price range of a certain crypto to avoid major losses in the market, I wonder if what is the possible implication if we do that kind of way?

Wow thats cool dude, it's all very clear. And almost everything I do like that, and very helpful before investing in crypto.

I agree with all the helpful tips that you have shared. It's really important that we'll have preparation and brainstorming upon choosing and investing in a good coin so that we will have an assurance of gaining a good profit in the future. We should take the risks but we have to make firm decisions. Choosing a trusted exchange and knowing where to store our coins and funds is also the first thing that we must keep in mind.

This investment advice is the fundamental strategy for trading and investing as long as cryptocurrency is concern, you have to apply all this steps if you really want to make good profits out of your investment and the most important one is not to panic when price of the coin you invest decrease because you may end up making a wrong choice.

I want to ask a question, in the fifth advice, is there any chance that you could invest on a one exchange but using only different accounts? If so, is there a positive implication that it can give to your holdings if you do so? I wonder why we need to find other exchanges if there is already one.

Well if people don't have enough money they will can't invest on same coin on more exchanges and is possible they choose a known exchange, but indeed always research before invest. I think with fifth advice you mean to buy on on exchange where price is a bit lower than another and sell / buy between 2 exchanges.

This is a very good one, this is what we need on this forum for newbies coming into the space and not people coming into the forum to shill projects just to find way to scam people of their hard earned money. I have been saying this and will always keep saying it that before anyone invest in a blockchain project especially when it has to do with ICO, it is expedient to make a thorough research about the project, the best way to start your research is to check the ANN thread of the project to see other users review.

We could take the risks but we have to make decisive decisions. Choosing a trusted exchange and knowing where to store our coins and funds is also the first thing that we must keep in mind.

However, not many will learn from others experience which is cheaper, rather, they learn from the own experience which is very expensive and heart breaking. 

I agree with you, security is indeed a matter that must be prioritized. However nowadays, many people choose the safe place just by looking at his famous, with concept more famous will have high security level. They are deceived, whereas that's the main target of cyber criminals.

These are the general rules that every trader knows and adheres to. In addition, many who have already written about it, so you are not the first who reports this information. But in any case it may help some beginner who will look to this forum to look for information.

Great! Write up but I will like to add some point to it. Don't invest all your money in crypro and your should also have another ways aside from cryptocurrency business, when ever crypto business is not moving, he can survive through the other business

Thanks so much for the post, it's wonderful and self explanatory. Especially the aspect of exchanges, it's indeed wise to spread funds across exchanges, maybe two or three. Not only will this safeguard uses from unforseen circumstances, it will also make the user trade efficiently as each exchange have their way of operations.

Before investing in cryptocurrency, I'll advise you to know the kind of coin you want invest in, the team behind the project, the soft cap of the coin, advisory team and the rest.

What you advice is just the basic of crypto investment. Maybe you should find more advance strategy on how to avoid losses. There are times that most of our investments would get complicated and we need options which would help minimize losses.

First: This is the mistake that most of the newbies do, when they find out that someone has profited from that specific coin they'd also invest to it without thorough research on what they are investing.

Second: The opposite thing happens for new investors, they are buying at high and selling at low due to panic.

Third: It is okay to rush and sell the coin if you want to cut losses because you may not know if that coin will still recover after its dip.

Fourth: It is okay to buy one currency if it is bitcoin.

Fifth: It's better to say that don't store your funds on exchanges.

Yes that's somehow correct but considering the fact that he just applied what he just learned from the basic and beginner tips, it is quite still important to consider as he is making the topic updated, in that case, everyone to altcoins or investment specifically on trading can figure out what should be the essential.

Actually, you have almost all of the ways to be a success in the world of cryptocurrency. Especially when you said the doing research before investing on any altcoins or tokens here. We should keep that in mind for us also to overcome the fraud and scam projects.

Not every coin has to make a return. Even there is nothing that guarantees it.
It will be safer to use the exchange only for buying-selling. That is why we should not invest in change.

Nice information being pass there dude,  kudos but it's easier said than done, greediness won't make lots of cryptocurrency investors heeds some of the advice

Investing in only one exchange is like laying all your eggs in one basket and investing all your hard earned money is is classified as uncalculated risk but most importantly, perseverance, patience, selective and a vivid research on any coin is needed before investing in any coin. Open your "eyes" before investing in other not to feed scammers.

At least, his post will still be useful for whoever is opening it on the day he posted it, you know we have people in this forum that are very lazy in scrolling through the site to reach where some of these updates has been posted before, for the day posted, I am sure we will still have one or two people that his write up will touch and also educate.

We have so many things in our minds running on minute basis, and sometime, we need these type of little reminder to assist us in checking or track if we are still on the right track in respect to our trading and investment, so I still appreciate him a little for his efforts in outing this up.

Investing entails many risks but can turn out to be rewarding. Investing is just like our journey in life. Investing is open for all but not all can be for investing since not all have the time and the effort needed to make oneself an informed and wise investor. These and more can be quite true when it comes to cryptocurrency. However, if someone can be using your basic and common-sense-filled 5 tips then there is a big possibility of a good future ahead. The thing is to avoid our own emotion when investing and just rely on information and rational decision making...not actually so easy but can be done by anyone.

Right, dont invest there, if you don't have knowledge in that project. if you want to invest in a coin you have to understand the ins and outs of the coin. it will give you more chance for profit. and good tips for using lots of exchanges :D

Education and dyor is most important thing in my opinion.

You need to educate yourself about crypto and never trust anybodys saying, just dyor.

Important advices in cryptocurrency? I think one of the most important advice to be hear and to be said in cryptocurrency is to know first on how cryptocurrency works in which you must know what is the up and downs of cryptocurrency especially in jnvesting because if you invest in cryptocurrency there is no assurance that your investment will became higher and give a lof of profit because crypto world have up and downs. And 2nd of all is to know what you are investing to avoid scammers. For now I suggest to invest some of your money or cash and start a day time trading in which you can earn a lot of amount of money when you become good on it. For now I am using darb (https://darbfinance.com/?=crowd) finance, in which this trading platform is a very good platform in which you can easily deposit and withdraw your money without any problem. So what are you waiting for? Go and invest and have some good application in trading.

You have put all your points nicely i will add by saying that while investing in crypto the safest things are:
Never fomo or buy when price is pumping or already pumped.
Always try to buy at lowest point and sell at higher point.
Do not get emotional with any coin and also do not get over greedy.
Diversify to reduce risk.
I think sticking with these basic rules can cut losses and result in profits.

Thank you for providing us with information on investing and knowing that many investors have read it and have learned a lot about investors to be calm and not to be greedy in investing especially ico scams that are spreading your you can only invest in enough money and just invest in it so that it does not hurt you when you lose big money to invest in ico and do not panic just calm because it can affect your health and you can You will be stressed at your buy tokens and holds.

Good rules but outdated and too long

No matter what token you are buying either bitcoin or etherum
Always do your own research; avoid fud and fomo and sell at the peak

A short summary of your thread
Good luck to you

Finally; never keep your investments on the exchange; stay safe

Tip # 2: "Second: you should always buy at the lowest possible price". I think this is the hardest thing for us. You can see the $ 6k price of BTC in 2018 seems to be the lowest possible, but in December it was about $ 3k. So I think it will take a long time to be able to do this.

It is true that it is a way to invest properly. But in reality it is only easy to disclose and very difficult to do especially the part to avoid panic.

Your 2nd point is a bit tricky to do because many peoples usually buying coin when they see the coin price is rising.
This is to getting the opportunity to be able to selling with higher price if it keep rising. We better more careful from the bull trap.

These kind of rules have been walking around the forum many times already, but still people by their self-confidence violate them.
You only need to be more self-organized and turn your mind on when investing.

This is good advice and regarding the last point you've made you could add that's its advisable never to leave your assets on an exchange unless you're actively trading with them, and also make sure you only choose the most reputable and secure ones and only trade smaller amounts on lesser known exchanges as there's always the risk of hacking and exit scams which may result in losses

These are all basic knowledge that every cryptocurerncy investor should know but i think there is one more thing that i can add. Due to the high volatile crypto market it is advisable to invest into a cryptocurrency that has an ecosystem which uses the token as a utility to help regulate the value of the cryptocurrency from dumping.

Everything you say for investors is true and this is indeed the basic knowledge that all investors must have. This is basic knowledge but investors sometimes forget this basis. They panic more often when the coin price drops. So you have to be patient and use a good strategy will give you an advantage.

This thread is beneficial and i think its good for the newbies in investing crypto. It is pretty sure that upon investing it is better to buy coins that is in a low price, because when it pumps up you gotta have more profit to earn. And most important if we are planning to invest, we should study and research the coin we are going to buy, if it has the good quality or good for long term investment.

Can you give example of those utility tokens that you prefer? I know few but you should your suggestion with an existing coin of your choice. It's a good advice you got there because that what tokens/altcoins created for, to be used by the people in different ways that it can.

A good tip, investing in crypto is the key to patience and must be able to fight lust. And must be able to avoid panic. I also panicked and even suffered heavy losses.

This is a very good post and I agree with you on the points you made. The first thing to do while investing in any coins or altcoins is to do a proper research before you FOMO into it. It is the proper research that will enlighten you on the other factors that you need to consider, factors like the price, exchange, working prototype or product, the all time high, the roadmap and team commitment, etc. And you should also not try to avoid the mistake of investing all your money in one project, learn to diversify.

Nice heads up. Thanks for the tips. Its really true. If I rate my luck this year in investment out of 10 then it will be 4.Im so poor in right scalping and price predictions.Hoping to be lucky next time.