Bitcoin Forum

Hey
Well let's start , everyone please feel free to share the best advice they think is what made them what they are today in terms of investments .
I think learning about managing your money can never be easy , but maybe we can make this a thread worth reading by the new investors and even the old ones ..never hurts to redefine your strategy.

As for me it was
*You never loose until you cash out*
Taught me patience.

I never subscribed to that one myself, but I hear it a lot around these parts.

"Buy low, sell high" is the gold standard of investment advice--it sounds ridiculously obvious, but many traders/investors don't have the balls to buy something when the price is low.  You've seen all the people jumping on the bandwagon once bitcoin starts to shoot up, and they end up buying it at the top.  Why do you think Warren Buffett made all the money he did?  He's smart enough to recognize when stocks are on sale, and it's the same thing with crypto.

Other good advice I've heard is not to take tips from people.  Another is to try to control the emotions of fear and greed when trading.  I'm not really an active trader, but that advice makes a ton of sense to me.

I agree on this because no investment is safe and we can all lose even though we think we are 100% sure of our investment, once you invested in something, just hope that it will favor you, investing is a great tool to make residual income.

"Buy low, sell high". Sounds simple but it's absolutely correct. It's not always easy to do but it's the only real way you can be sure of at least getting some profit. Assuming you exit at the right time, that is.

Another would be "If you don't know about it, don't invest". If you only heard about an opportunity from friends or the media, it's likely that it's nearing bursting level and you might end up selling at a loss later when it does collapse.


I worked at a store so I know that this don't always work. Things get near their expiration date and you have to lower the price to get back the capital. Sometimes even selling it at a loss rather than get stuck with useless merchandise.

There are times that the only thing you can do is at least get back a part of the money you placed in a sinking investment. Cutting losses.

Note that this is if you are SURE it's never going to recover. Many people panic when bitcoin goes down and start selling and that was what they get wrong.

Well, a friend of mine told me that to never invest in something that you don't understand that's why i have to listen to his advice carefully while i did my own research too. Although he has told me that investment is very risky but at the same time it is worth it to invest too if it succeeds.

Never follow the crowd that is my number one advice I cherish I was not good wrong too often following that advice. My unwillingness to investing because my know it all, Mr investment or every investor is rushing keeps me on track.

Here's one very important one for you, smart investors/traders make profit when they buy and not when they sell. This advice was given by Robert Kiyosaki in his best selling book, Rich Dad Poor Dad. Actually the advice was given to him by his friend's dad which he calls Rich Dad. If you're smart enough you would see some actual sense in this investment advice, while the average traders/investors only cares about the profits he/she make when they sell an asset, a smart ones put into consideration what's their gains when they buy. This is why smart investors buy when market is down.

We can all  agree that so far best advice was to buy and invest in Bitcoin,
especially in its early stages from 2007 onwards...

https://s8.hostingkartinok.com/uploads/images/2019/07/ad969cacd6dac79ac7b27cadf6141db5.png

http://historyofbitcoin.org/

I never liked this one. Bagholders of countless assets (from shitcoins to penny stocks) have suffered dearly for not cutting losses early enough. There should be some sort of caveat about the fundamental strength of the asset. Maybe it's okay to baghold BTC but it's definitely not okay to just baghold anything.

There is a related (but IMO superior) adage that goes "Buy right, Sit tight." Once you've bought right i.e. done your due diligence and bought into an asset with extremely strong fundamentals, then you can sit tight and wait out the volatility. The idea is you can't necessarily beat market volatility, and you need to give the market time to let your fundamental analysis work.

But for example, if you've bought into a vaporware shitcoin, you haven't bought right to begin with, and you should expect that your capital might evaporate entirely given enough time.

My personal favorite is, everything is a scam, until proven otherwise. It showed me the inherent danger in the financial investment space, and was an encouragement to always research on every detail of any project. And also not to be too trusting of white papers, road maps, trading volume or market movements (pump and dump).

The best advise I have received was the one I gave myself in other to be sane in this crypto market which is "only sell when you are physiologically ready for what happens next". The crypto market is very volatile that you might have been waiting for the right time to sell and then you ran out of patience only to sell and the next few hours see some up shoot in price and you blame yourself on why you should have waited a little longer but with that advise I gave myself, I am always at peace anytime a sale is made whether it rises or falls afterwards.

Dont buy during the hype. It is already too late and the prices have already skyrocketed. When everybody is talking about a certain asset and it is all over the news it is not a good time to buy. Sooner or later the prices will stabilize and after an imminent dump comes better opportunities. 

An advice is an opinion or suggestion about someone should do. But it will always depend on ourselves, you know everyone of us have a different experiences in crypto world. Some people success and failed. I think the best advice I'd ever heard is being open for negativity, it might sound pessimist. You know, thinking negative doesn't mean that you're allowing it to happen. Sometimes it is better to prepare your self for that thing to happen. Our emotions can sometimes cease us to reach what is our goal.

Invest based on as much information as possible and as little emotions as possible.

To be honest, I just read posts here about investments and take that.

If we will be talking about something but not really investment but I think that counts since it is about patience.

PATIENCE IS A VIRTUE

My mother told me this when I was in college since I graduated late since I stopped to help my family because my sister is sick at that time. It is the same in investing and trading though.

I wouldn't say this is the best advice, but it makes so much sense. It's a quote from Warren Buffet:

"Diversification may preserve wealth, but concentration builds it."

I stumbled upon this phrase just a few days ago. Funny how I never heard this before. It's certainly not more popular than "don't put all your eggs in one basket" which suggest diversifying your investment. But if you're still building your wealth, investing in fewer opportunities, while riskier, is the right move to make.

Back in 2006, when I was about to invest in stocks for the first time, my uncle gave some precious advice to me. He told me that I should stick to the profit booking and loss making targets, and should not get carried away by sudden price rises. He also asked me to not to get emotionally attached with any of the investment assets. I followed these two advices for the last 13 years, and I can say with some surety that it saved me from crippling losses a lot many times. IMO, greed is a basic human character. We need to control it, if we want to make our investments profitable.

The one who gave me the best advice is my mentor who taught me everything I know about crypto.

When I was new, he often say there's no easy money online and you have to become patient.

But the word came from him that marked on my head and I will never forget is "never invest the money you cant afford to lose" because there's no assurance if you're going to get profit from your investment.

I'll consider it one of the best and it take only an intelligent, smart mind to realize that. Most average investors go with the usual advice everyone can get their hands on but only a few have alternative advice and that make them stand out. While everyone is hodling only few investors are buidling. Most, (if not every) serious investor out there is aware of diversifying their wealth but not many knows concentration build's it.

Warren and Kiyosaki are the two investors I consider the best so I don't play with any investment advice coming from them. They don't give regular advice, e.g when everyone thinks you make profit when you sell, Kiyosaki tells you, to make that profit when you buy and not when you want to sell.

The best advice I got is never to invest with money you don't have. In other words don't take loans to get the money for investing.
The other is never to put all eggs in one basket and that is also very true. Diversication is good and you always need to have multiple choice and a back up. If you stick to all this you will not get in ackward situation.

I learn so much from another people experiences, there are many advices i can get. Like you must have good money management, not all trader who have a lot of balances can grow up and being rich from it. And then when we get little profit, try to take it, we don't know if we ignore it then the price can be falling down and make us losess.

The best advice when it comes to investing for me is still "you can only lose 100% but wining is unlimited" - i like to use this one when i talk to people who dont like the stockmarkets, commodities or cryptocurrencies. (most of the people have never invested, they just dont like it because they heard bad things about)... ::)

“Be earful when others are greedy and greedy when others are fearful.” - Warren Buffett. This quote motivates me everday with my investments. This keep my mind set intact as many FUD may come amidst my journey in investment. It's very necessary that you don't just go with the flow because if you keep it in your mind then you don't decide by yourself, leading you most likely to loss.

So far, the best I have heard from my friend was,
"Do not invest immediately or hastily".
When there is a popular invesment, there are certain instances that we are jumping and invest rushly. If we are going to analyze, learn everything, balance financial status or organize our money, there will always be success in investments with of course patience at the same time.

I made this post a long time ago and it still holds true until today. I cannot pick which one is the best since they are all great advice. Feel free to add them on your list.

Invest by doing Dollar Cost Averaging

You can explore and use calculator for Bitcoin here:
https://dcabtc.com/

Everyone needs to know this, especially those who are just coming in newly, they need to be taught not to borrow nor take loans to invest, you could be putting yourself into "double" debt if you do so, it's better you invest with the little you can spare, thus if the investment doesn't go well, you'll be rest assured you're losing little out of your income.
Another is to learn before investing, this will help you to understand all the requirements to succeed.
 

The best advice I was given is to do your own research and never rely on anyone to do anything for you.
The second best IMO is to only wet your feet in the beginning. Never jump into deep water all at once.
The third one is to always have a backup plan and think what you'll do if it all turns to shit. People tend to think what they will do with all the money but you should always have a backup plan and something to do when you lose what you've invested.

Best advice for me that I really practice is this is very important if you want to stay longer and make a good profit in Cryptocurrency you should set up a long term plan and this is by picking the right coin to invest and holding it.

thats a nice advice but thats also hard to master because you are dealing with long term patience here but we humans we are known to be tempted easily and we are distracted easily on the things that are good enough like for example when we saw a good price but we must control ourselves if we really wanted to earn huge  .  for me i think the best advice that i heard in investing is " invest only what you can afford to loose " this should be the best because everyone knows this due to its  popularity  .

When it comes to trading here the only line that stays on my mind.

"Be fearful when others are greedy and be greedy when others are fearful"

This had been the thing ive been following.

The best advice is probably to never invest money you don't own. It's like the one where you should never bet borrowed money. Play in casino with your own cash and invest with your own cash.

It's also important never to go all in. Some stupid people sell their houses and cars and risk it all. It's never worth it. Better invest with no more than half of your money and be safe.

Can't agree those who say best advice was: Don't invest more than you can't afford. I totally disagree this, if you don't invest more, then your profit will be low and if you invest more than you can't afford to lose, then profit will be dramatic. But at the same time risks rise on this last one but those who don't risk, don't get anything. It acts now like I wrote new advice here, will be curious if someone quote it and say it's great advice.

I was made a conversation with a person on my neighborhood and he was became an successfully businessman and he gave to me some of advices but it weren't related to investments but so far those were the best advices for me that he says i have to seeking the best opportunity to buy at particular things and if supose can i have to buy as cheaper as i can and sell it as expensive as possible

Very basic advice but applying it on real life is really hard and wont really be that simple.You thought that you are already seeing cheap price but actually they are still expensive on that state and this is where analysis and knowledge would set in.If you don't have these traits then expect for failures or mistakes but eventually these things are inevitable.

The only advise I have ever received concerning cryptocurrency is for me to invest in bitcoin, and it was through a friends, I am glad that I listened to him then because that advise is still what made me who I am today, at least with m investment in bitcoin, I became a million for the first time during the last bull run, I made some few thousands of dollars from my investment and when I converted it to my local currency, it pulled me out of the group of average people into being a millionaire.

Through that, I have been able to establish the business that I had desire for so long that looks like was not going to come through because of the financial constraints that I have to do so. Every other decision now in crypto is being made by me, although I do read some few suggestions on this forum, but none has paid me as much as that of my friend’s own.

Invest in only what you understand.

Many invest without having real understanding. Some people truly don’t understand what their investment is about. If you think wins and losses is the only way to measure a project, you are completely wrong. You don't invest without proper research.

There is so much useful information I have read over the years but one of the most influential information for me came from a book that did not gave a specific strategy about how to trade the markets but it did help you to try to develop your own strategy, and the advice was that most of those traders selling books about how to trade the markets get their money from selling books and not from their trading activities so you are wasting your money by buying those books, you need to learn from those that are great traders and investors and finding what they do and adapt it to suit your personality.

Of course, I am not too active an investor like the other guys, but nevertheless I received good advice from one person.  When I take part in Bounty companies, I choose the project very carefully and study the work of the team and what it will be capable of in the future.  Based on this, I can choose good Coins, which I met thanks to the Bounty companies.  But all my acquaintance with the company can give me confidence in their prospects.

It is a very good advice. However, it will work only for those men, who invested extra money in cryBy "extra" I mean that they have enough money to live for, and they can let themselves spend a lot to buy cryptocurrencies and do not worry much, waiting for the best times when profits will be great. The wisest thing is not to bee too greedy and be ready to sell if you make at least +30%.

Always have the courage to buy and sell despite of the market situation - This is a great line from my mentor before and he's amazing. This has been my motivation every time the market dumps actually, we have to keep buying when everyone is fear about the market. Crypto investment is not easy in the first place, we fail and we learn just keep aiming for a success and continue to motivate yourself with some of a good quotes from a well known speakers.

Another not your regular qoutes and who best to give the advice than Warrent Buffet himself. The qoute can be rephrase as "A smart investors buys when others are selling but sells when others think it's the best time to buy" which in the cryptocommunity we know as, "buy the rumors, sell the news", that's to say, "stand out from their crowd, don't go with the flow". Every since I saw this thread, I have visiting it occasionally to read investment advice. I'm a fan of those not regular advices even though they're the obvious i prefer then been repharsed by using the unfamiliar words.

Correct, it's impossible to discard but on the other hand, it also helps people hold on to a certain type of investment for a long period of time. If an asset has fundamental value, that's actually a good thing.

Not everyone is born wealthy, so there is always believe or hope that by investing in a stock or Bitcoin, their quality of life will improve as the asset appreciates in value. It's a combination of being emotionally attached and greed in this case.

I think this is a very important reason why people here are so attached to Bitcoin, while the more wealthy investors just look at it as an interesting hedge or short to medium term profit flip.

First, about your best advice. I have encountered that advice a lot of times already. But I guess that is only applicable to Bitcoin and perhaps to a handful of altcoins. That cannot be applied to around 90% of coins in the world of cryptocurrency. I have listened and actually followed that a number of times as well and I got zero after several months.

As to the best advice I received, it's only a single word: diversify. And it's absolutely true! Diversify!

the best advice that i can give is to never try to borrow money for your investment specially borrowed money with interest ,
it may look that it will give you a fresh start and being positive that you will be able to cope with it
but sometimes we rush our decisions because we have deadlines to pay. Its better to sell some valuable stuffs to avoid that kind of scene.

I think the best advice I ever heard is "buy whenever you see a low price and divide your order buy." That could be true, but it depends on how the market situations if the market is in the bear market, we will see a low price in many times and that is not good to buy all in. I am sure there will be much other best advice we might hear, but we forget to list it all.

"Be patient, and everything will be fine."

You must always ensure very well that you invest wisely, investing wisely in the sense that you have to ensure that the project that one’s energy, time and capital is being channel on as been thoroughly scrutinized and is really worth to be invested in, and has a guarantee that it will provide the necessary growth in future, then one can relax and be patient with such project.

There are some coins that I have mistakenly invested in that I do  not have to be patient at all, when I see that there is little increase, I quickly rush to take the profit, and when I see that it is dumping beyond my imaginations, I quickly dump it before it because something hypertensive. Patience is not needed in such case, but wisdom and smartness.

My best advice to everyone and the one that I will always remember is to always learn before you do. It works in every part of life. You hear about investments from friends and you hear about bitcoin millionaires and your reaction is to set  up a trading account wire money and pray for the best to happen. Most people do it and most people get eaten by a bigger and smarter fish. Make sure you know what you're doing before you do it!

There are lots of advice from gurus on the net about investments.  They even get into deep discussion on why to do these stuff.  You can look at this list of investment advice from investopedia.

10 Tips for Successful Long-Term Investing (https://www.investopedia.com/articles/00/082100.asp)

or you can check this article too : https://financialmentor.com/category/investment-advice

Patience is a good virtue you need to be as an investor but you have to have the common sense on when to sell off the asset too, if you are investing in top coins especially bitcoin, there is nothing to worry even when the price goes down, but that cannot be said with the alt coin market, if you invest in any project in the past and you need to understand the sell off point if not the risk of encountering a major loss is really high. So selling the coins at the right time is always important when it comes to alt coin market. I am sure that majority of the coins that went down will never rise again as majority of the projects either shut down and if you are not smart enough to sell off when the price was high, then you are in real trouble as patience will not do anything with those failed projects.

I think 'buy into fear, sell into euphoria' is a better phrasing of the same sentiment. Having said that both sentiments can last vastly, vastly longer than you initially expect.

Mr. Buffet's quote about concentrating investment is a top one too. Surprising how rarely that's voiced.

Its dangerous advice 'concentrating investment', its ok to speculate when you are young like that but not so much an option with pension assets when nearing retirement.
  Diversify means owning your own house not just gambling all on one price or sector, I get the meaning but its also risky.   Not everyone is Mr Buffet with his cold hard stare like xray vision on investments to see all the weaknesses waiting in a popular product or rising price.

I guess the best advice in general I can remember is dollar cost averaging as a good strategy, people rarely have the perfect mind to invest no matter what.   People are influenced by the moods of a crowd and the market feeling at that time, if you commit to buy the whole year not just once you will capture highs and lows.   Presuming your overall judgement on the asset and sector was good, you are going to profit even while the price rises.   If the price should fall but the investment has potential then the amounts bought increase on the price dropping.    Intel is the best example I can think of for that, it was unpopular holding a low price for years.    

This would relate to Buffets mention of Mr. market and his price varying for the same basket of goods, sometimes the price being good or bad doesnt alter the quality underlying.

Someone who said:
Greed makes people to hodl because they think that getting rich doesn't require any work.

That stands true if the project is handled by a team that had success earlier and the faith we have in producing results, since we are talking about the crypto market, majority of the project depends upon how the developers deliver and there is no guarantee that they will deliver, so the risks are higher.

What work are you talking about, all you need is smart thinking and follow the project you have invested, since the market is not regulated, there is no guarantee for the investment you make as anyone can start a project and attract investors, so if the team only plans to make a quick money you need to understand that and sell off when the market rises and walk off with the profit rather than sitting on top of that thinking it will give you are bigger profit.

Lol doesn't even need a successful businessman to say that, I found a lot of newbies also say buy at low prices and sell at high prices. it is basic but difficult to achieve because it requires patience. I think investing is about the future, you must be good at understanding what the most important needs in the future are, use that ideas to create a business

There's no simple or basic advice when it comes to investment because every movement or action is very risky. If the money is on at stake, we should think wisely and make advanced decisions. I definitely agree for having an investment for the future, it all depends on your action in the future.

In making good decisions, we should consider all the possible hindrance of having a successful investment. Let's be intellectual in this situation because our money is on the line and we should make it bigger through our decisions. If the market drops then chill down, it usually happens in the market, wait for another green sign in the market.

In 2011, I was seriously losing in investing! My capital was almost wiped out and I was in the state of bankruptcy when I read a book written by Brain Tracy on “dream big” I could remember reading a sentence in the book that changed my view from what I was doing wrong: “Skill is what matter in success”! That make me to forgone what I was doing and set a goal to become a successful investors through continuous practicing and today I am a skilful investor. I can now analyse the market on my own and invest without consulting anybody.

Sorry but I have got to say that OP's piece is the worse advice I have ever heard for investment. You want to look back 2, 4 and 5 years ago and Coinmarketcap? There have been hundreds of coins that started out so well, even rose to incredible highs, and yet fell down to basically zero. You bet people lose money when coins stop being even listed or developed and no one wants it.

"Always grab a profit when there is an opportunity."

Some investors forget about that and dream a big profit or returns from their investments. When market goes into correction they go into panic selling their assets or cryptos leaving them a loss. That is the best for me because I've experienced it myself.

I don't believe the smart thinking is what a newbie which barely understand how to select the right project need to thrive but seeking advice from knowledgeable people on here.



The crypto scammers also implemented new idea which will be hard to spot out if the team only plans to make quick money and the only means I believe is safe are investing after listing, already working project  or going for project with reputable PRO

Everything is changing and everything is unpredictable
We cannot predict anything. We can only predict whether it will come true or not - no one knows for sure. If you see growth trends, then it's not a fact that there will be growth. We can talk a lot about this. Read more about this in the book of Nassim Taleb "Black swan". And this is not an advertising, but a really useful book for every trader and any person in general, no matter what he does.

The main advices are: not to lose your head, not to panic and be patient. And one more thing, never take a loan for investments and invest as much as you are not afraid to lose.

No one knows the future that's why all outcomes would vary on our actions.Decisions that would be crucial anytime because theres a specific time where you do need to sell or buy for you to benefit on.For all people do say that Patience do matter,yes it does but too much of it will lead to mistakes.
If investment comes to easy on the first place then most people are rich by now.

In my case, the best and most, it seems to me, useful from the point of view of saving funds, advice, was the following: "do not invest in coins that have already grown in value, even if it seems that their growth will last forever."

The best advice I have ever heard is: "In the field of investment, you are only allowed to be profitable and not allowed to be poor"
I realized that I invested as a gambler. After hearing that sentence, I learned how to control personal finances.

Speaking of your advice, I think we should consider it from many angles and apply it to different situations because from my feelings, I feel that this is really an advice to create a very high level of security for investors, the value has been pumped, the next thing will be dump, if we participate in the process, it will danger, not participating is more reasonable. However, sometimes we follow trends and know how to stop before danger comes, which is a wise thing, so the advice I usually get is to consider everything before investing, don't let safety and fear make you miss the opportunity

Many people are citing Warren Buffet in this thread, and rightly so. I've never heard of "Diversification may preserve wealth, but concentration builds it." before reading this thread, but now I think, it's a good one.

I want to cite other precious words of him, which, it seems, weren't brought to attention here.


Since it is more likely that you are going to live from the money you earn each day, rather then from the money you invest in something, the best thing you can do is to invest in your education. Thus you will be able to earn more money while living an interesting life. Besides, money itself does no good for uneducated people.

Differentiating an educated one to a none is really as clear as water when it comes to capabilities on how to make their lives even more better.

Having more knowledge does really have that advantage so theres no doubt about that and now it would just depend on how they would imply or utilize such knowledge and skills.

The best advice I ever heard in case of investments and all is to treat money without emotion. I understand that a person cannot be completely unemotional about something, but you need to try to do everything possible to make it that way. If, on the contrary, you relate to money with emotions, then most likely in the first stressful situation you will lose your money...

Well, I think we don't have to put all of the money in one basket will be the best advice for me because with spreading some amount of money in various cryptocurrency as the investment, I can minimize the risk if somehow one or more of my coin is down. Besides that, I will have the opportunities to make more profit from that coin because I can hold many coins that will be increased at the right time. The other advice is to use the money you can afford to lose the money, teaching me to invest some money and not all of the money.

I believe for everyone here the "best" would be never to invest money you can't afford to lose. I have seen too many people who get out very quickly because they have to spend that money for some reason and that results with them taking a loss because they can't wait.

Now, when bitcoin goes up and you buy because you think it will continue to go up most of the time you are right, no matter even if it is 20k all time high it will eventually be higher than that but you need to hold according to where you bought, if you bought at a great time then next day you will be in profit, if you bought at a bad price you may end up holding for years but as long as you hold it is fine, if you can't hold and need that money then it is not an investment, it can't be called investment, you just change the shape of your money, instead of dollars euros or whatever you use, you have bitcoin, that's it.

Invest in yourself would be the best advice I got from the book Rich Dad Poor Dad. By doing so much for me I've become a better trader and now my investments look smarter and are growing on the long run. So yea I would answer anyone with a question on how to be a good investor with that sentence.

This advice of not being greedy was first said to me by my trading instructor, and I am thankful that I took it because he told me that it is what has kept him this long and successful in his own trade and if I really want to know the secret to his successful trades apart from the skill and strategies that he has, it is not being greedy, and I found out that every time that greed wants to take control of me in my trade.

The advise comes ringing in my head and I find myself adjusting as quick as possible which has really help me too to go a long way in my trading life, but that aspect of not holding coin for too long is what I don’t like because this is why we see lots of altcoins not rushing because every investors keeps selling often, I think some altcoins deserves to be held for a long term project like BNB and ETH.

I don`t think there is the best advice in case of investments. Every advice can be good, there is many factors that should be considered when you make investment, time frame, bankroll, risks, insurance, what can possibly go wrong, etc. More factors you check out, more chances you have to make profitable investment.
And there is the other side, it`s your character. Are you brave enough to make investment, are you patient to wait for profit, can you handle the pressure!

The best simplest advice I have heard is "don't ever lose money".

As silly and simple this may sound, we are all guilty of some rash decisions. Some maybe even gamble a lot or invest in poor timing, invest in future options and so forth.
Some of those may sound like a good option especially investing in future options but the thing I learned is future is unknown and cannot predict the value of your investment. Be safe and invest reasonable amount so you don't lose a substantial amount of money or don't at all invest and wait for that industry to mature and then invest knowing all the while its prospects.

a teacher taught me that:
"invest in the business you understand best and be willing to accompany it until it succeeds"
This is really a great saying from my teacher. It helped me buy tokens at very low prices and sold at high prices in the last 5 months.

Besides, Bitcoin is not that easy to spend on the things you need for your daily life. So I absolutely agree with you regarding investing only the money you won't need in the near future, by which I mean the next couple of years.  

---

I've found even better formulated investment advice than that I posted earlier. This one is by Benjamin Franklin, and although it's from the 18th century, I think it's worth citing.

Buffet I think recommends just watching your basket very carefully.    I doubt he advocates just one investment but people can end up spread over multiple sectors while never truely knowing any of them.
   Seems very few investments can get away from wider sentiment changes, fear of monetary contraction that forces many prices down at once.    Rather then diversify I would go with the advice to know your own game, if you intend to invest in technology be aware of the costs and development pitfalls possible in that sector.   The potential but also the risks, I think the majority of investment done now is passive and uninvolved so people are not attached to the prospects they are invested in or personally invested besides the money.

you mean watching your coins ? would it be better if he says watch the market or watch the price of the coins rather than watching your coins alone  .

putting your eggs in one basket is okay as long as that coin is a great coin that can increase atleast mid or long term ( eth is the best example ) but btc  is more suitabe  . spreading your funds on multiple coins is also good but you must first read the label of every coins that you will be picking .

Do your own research sounds like an anthem in this community but the one that really gets into me is that you only lose when you cash out. I remember i sold quite a number of bitcoins back when prices were below $10k that would surely be to my loss now that we have crossed $11K and have even tested the levels of $13k for a short while.

In cryptocurrency? That advise use to be valid when altcoins were still being respected, but as we see now that bitcoin is the only respected coin for now and most altcoins are going down seriously, so what is the point diversifying into altcoins that would still not make any impact rather than tie your investment down for life without any hope of getting it back.

At this point, I think it is better we put all our eggs in one basket of bitcoin and then jointly push the market into bull run which can allow us make the money that has been tied down into altcoins for too long, but outside cryptocurrency, this advice is valid and still the best to follow in other to have multiple source of income. One can diversify into bitcoin investment, real estate, gold and other things that can be counted as investment.

I think the best one has to be "do not invest your money into stuff you do not understand". I think it was Peter that said it but many great investors says the same thing including the almighty Warren Buffet as well.

You have to understand what you are putting your money into to really know what you could expect, if you are putting your money into something that you have no idea about than something you do not understand could happen and you could lose money however if its something you understand than you can at least know what to expect and can be prepared for bad stuff to happen if it looks like it.

I personally never really put my money into construction business for example even though its a big business in my country because I never really understood it, but I always put my money into banks because I really know how they work and what I can expect.

Based from my personal experience, diversifying would be my best advice for starters.

Diversifying investments makes your investments relatively secured especially if you invest in blue chip companies that yield returns in a consistent basis. Although the realization of profits may be longer, the yield is stable and secured. Another thing to consider is to purchase bitcoins and view them as short-term investments. Take advantage of their high-volatility and cash them out as soon as you see your margins increased.

What I would advise against is to do trades that are high risks with relatively low yield. Do not test the market especially if you lack the background, knowledge, and data to support your decision.

One advice that has been very true in crypto and I guess everyone also have heard of this advice that says:

"If it looks too good to be true, its must be a scam"

Doesn't have to explain much if you are looking to invest into an altcoin. If it offers something you almost can't believe, it must be unbelievable.

The best advice is "life is short",  money is cool and all but don't let it consume your life when the most valuable resource we have is our time on earth.  Material possessions won't bring you happiness past your basic needs.

Invest on long term projects that build everyday, not stopping to develop their project which can be use by all of the people in the future.

I've never agreed with placing it all on one thing, because this market is too open to abuse.   The outside chances of unknown news striking down what was previously a good venture is too much of a possibility.   I have to agree, the best advice is never be all in one place.   The fact is when you vary risk, sector and your allocation size it puts you in a better frame of mind.
   You will see value best when contrasting it against each other.    Also by keeping a variety of risks, you can justify taking greater risks.  My best performer is my most risky share but if I have taken profits and placed those profits elsewhere then I can keep holding a share with just 1 asset in country which is volatile, but I already gained from it.    Always have security close to home, unless you can afford to lose everything and have no obligations then I guess the risk is yours to take.

As the famous investment line says - "Never put all your eggs in one basket." Also, you should familiarise yourself in the trading market as plunging to the unknown is like trading blindly. That will cost you money if you do such practice.

"Buy when there is blood on the street". Initially I didn't understand this, but later on specially when I started to invest in crypto, that I realized that this saying is somewhat very true in this market. So if the price drops, and I have extra funds to invest, I immediately jump on the chances and stash my Bitcoin wallet. This is a contrarian belief, if I'm not mistaken, but as per my experience, this is very effective strategy in Bitcoin market, IMHO.

Even myself do following such system.Invest when the price dumps or most people are on fear but sometimes this kind of buying patter isn't really that easy.

You would really still have that hesitance to accumulate due to unpredictable movement of the market.We wouldn't know if the price would go even more as we buy which in result to loss or gradual negative.So I would say that it isn't really that easy to make decisions into these cases.

Honestly, this, by far, is the most convincing advice that I have ever known when it comes to investing.

Putting bigger portions of investment on something you know is a better idea rather than investing small portions of investment to something you don't know or understand very well. And I think one of the best example of this is Bill Gates. His billion dollar net worth was gained not because of diversification but by creating something that he had control over.

The adage can mean bigger risk. But after all, taking risks is what makes life worth living. ;)

The best advice I've ever received is knowing how to manage risk and accept mistakes.
When I first traded, when my coin dropped more than 10% but I still didn't cling, I still hated the failure and determined to hold it.
and then i lost over 90% of my portfolio and suddenly realized i was too stubborn.
The above advice really helped me win a lot in recent deals. I feel very grateful for this advice.

Another great advice would be "calculate your salary 5%-10% less, that way you can prepare yourself for less income and save the rest". I have been doing that for years now (almost 3 years) and I was close to having a great deal of money for myself (not big for others specially in other countries but a huge sum for me in a third world country) however I had to cash it out for some medical emergency unfortunately, it was bad bad days for me and I even had debt that I had to pay on top of that.

However, now I am slowly getting back on that debt and its almost over (in this October I will be debt free) and I will start doing the same thing once again, hopefully this time nothing bad happens and I can finally reach my goal of not having to work again in my life with the money I have.

I don't remember who said this, but I think it's a good advice regarding investing your free time, so I will try to express the main idea of that advice below.

Normally we are working from 40 to 44 hours per week, but a week consists of 168 hours. Yes, around 56 hours(7x8) per week must be spent on sleep, but we still have around 70 hours of free time. Don't try to earn an extra several bucks during those hours, but rather invest your free time in learning some new skills. This will surely pay off in the future, while an extra several bucks can't significantly improve your life. And, of course, don't forget to just rest and relax during your free time. No one can be only working and learning all the time.

The best advice i've heard is invest as early as you can, and i think it's very true. It doesn't mean that we have to be careless and don't think straight when we invest, but more like rather than we think "Maybe i'll invest later." or "I don't think now is the right time." we should act and don't hesitate anymore. Because we don't know what will happen unless we start. And invest early can be beneficial too in some cases. Like for example bitcoin. If i invested bitcoin early, then i surely gain many profits because later on the price is high. Rather than i invest that time when the price is already high. But still we don't know what will happen in the future so it may be quite invalid.

That is a good one and I hope it still teaches you well.
Forgetting one wise advise could really mean all your decision and choices in your life.

There is one thing I can never forget.
Invest only at what you think you could also lose.
I mean, that is simple but when you take a deeper thought it will meaningful that every steps in your life could also be based on it.

But it's not always a good advice, sometimes you have to wait for the right time to come in and buy. like when panic selling in the market, certainly its not the right time to buy right? investing is not about early, but about sensitivity with the opportunities and knowing you have to go in, buy, or wait.

That's right. If we may need the invested money in the nearest future, it's hard to follow this great advice: "You never loose until you cash out". It's only when you can forget about the invested money for  the next several years, you can patiently wait until your investment pays off, never cashing out at a loss. Of course there's always a possibility of waiting forever for that, but since we can afford losing those money, it's no big deal.

investing was not about money only.we must have instinct to decided when we have to entry or exit from market.dare to take action was not enough, if we make decision in hurry i am sure we will not get best price in our investment portofolio.in my opinion there are several factors that will give huge influenced to our trading result.skill to recoginized best moment and emotion controlling will help us to get it.

"Buy low sell high" but when the value goes down "Keep calm and Hold".and " Have more Patience".Also always i heard this advice, " Don't invest more than the amount that you can afford to lose".

Invest in yourself and become a master at your job. Then start looking forward for new challenges for additional money ( like an online store ).

If you have a lot of money (like 80k dollars) cash you could buy a house and fix it, later on you can sell it for more money and make profit.

Therefore you must know when to stop and take all the profit that you have, to keep in a safe place. Stupid people are those who always think they will always win so they always delay to cash out, it will plunge them into bankruptcy. I always take all the profits that I have earned, then return to trade again from the beginning with the same capital

Not only in the investment , in the life you need good money managment. According to the buddhist word, the money that you get need to devide into 3 parts.
25%  for living
25% for saving
50% for investment in your bussiness
I think this is very good advise. We should manage our money according to this great theory.
In the investment money management is very important. If you dont have proper managment you will lose all the money.For this you need to follow below things.
* select the good bussiness project or opportunity
* Study the subject
*Only invest money that you can manage
*do your own research
*Annalyse the results
*get the advise from others

That's not a bad mindset, but the problem is that not a lot of people have enough money to do so, that mindset is very easy to have if your a high earner, let's say 100,000 USD a year. 25,000 on living expenss is fairly achievable, assuming you pay little or no rent.

That's almost impossible to do when your income gets lowered though, earning even 50,000 USD a year, there is almost no way you can save 50 percent of that for a business, not sure about that sort of mindset.

My golden rule is a simple one 'Don't invest more then you can lose'.

The best advice: only invest what you can afford to lose. I changed it a bit into: treat your investment like lost money from the start. If you really lose it you won't be surprised and if you win you'll feel great.

The worst advice: always differentiate in crypto. It's so bad. You can differentiate between forms of investments like real estate and crypto but never differentiate in crypto. It's pointless because cryptocurrencies follow bitcoin and react like a group.

The best thing that works everytime is to "never invest what you cannot afford to lose." This is very true, had a lot of friends who joined crypto a bit late during the hype and had lost thousands of dollars due to it. Investing is not an easy way to earn money and crypto is not a magic that can turn you rich over night, it can but it requires great risk.

Also, never get emotions get in your way when investing or trading. This could lead to bad dicision. I've experienced this a lot when panic buying and selling or even due to FOMO. Trust what experiences you have learned and all the knowledge you have acquired due to your mistakes and failure and bever to repeat the same mistake twice.

I did 2 things:

1. Long-term investments
2. Daily Trading

Perhaps what I often do is daily trading. Daily trading, in my opinion, is profitable but sometimes it will also be a loss. My strategy now buys the coin when the price is red. And I also did not wait for a long time to profit, but the price has increased and made a profit, I immediately sold.

Long-term investments are also still the best strategy for generating profits. But we must be patient to make a profit and at this time the coin price still does not grow taller. So I focus more on daily trades.

Investments are really for courage people who are always looking into the future especially with blockchain solutions. I have lost quite an amount with some projects who had a great vision yet the greed of men which never ceases made them give a damn about their solution. Once they make their profits they abandon the project. Henceforth i have also taught myself not to hold all the assets of any project but sell some and hold part of it. That way i don't keep all my eggs in one basket.

Day trading is very hard even for expirienced traders. You HAVE to be really good trader, know markets and try to be as up to day on crypto news as possible to be able to generate sustainable profits from day trading

The best advise in the world is: Buy low and sell high!

But, to get a ruge profit, you should have a lot of psicology control and a long term plan, to wait a long time to take the PROFIT! The big one! =D

For me it was "you miss 100% of the shots you don't take."

Was a hell of a real eye opener considering i just used to sit down on my money the way parents do and they just keep saving and saving in the bank. I'm so happy to have read books like rich dad poor dan and as a result have luckily invested in some winning coins and stock. Bitcoin, in my opinion, really is starting to look like an appetizing buy tonight.

For Investment in the Crypto market is simple, it is known that the stock or Currency that will guarantee at some point will be Bitcoin, and if you want to diversify in Crypto then it is best to follow the currencies in the top5 of CMC.

And if it is an investment, it is to place your money there and wait as long as it takes until you get benefits, normally it is best to buy at the Accumulation stage and identify the Distribution Stage and sell there.

Common and basic words but it isnt really that easy to sustain up yourself on a very unpredictable market.
Dont lay your eggs on single basket is good but sometimes it do had adverse effect if you didnt able to
find out the right basket of your eggs that have been putted.

I agree on the line on op said that "you never loose until you cash out"  which is more effective than other advises.

Actually, for me "Do not ever put all egg in one basket" this quote is my favorite and I always apply in my different investments. This quote tells then never put all your money in one investment and you should split it in different investments because this thing will help you to lessen your losses once the price goes down. We have a different quote in our life but for me, in terms of investments I always remember this quote and maybe some of the people in this forum also know this quote.

This reminds me of a quote, “You can do anything if you stop doing everything”. Similarly, One can make huge profits if he keeps his focus and belief in one good asset especially crypto coins. These have been around for years now and so far, bitcoin has produced the most profit. It is known as the mother of digital coins and the future. Many a times, people doubted its survival strength but here it is, the most expensive yet most promising coin.

'do your own research'

It actually gave me more confidence in trading and learning about cryptocurrencies. And not to follow some random guys on Twitter or signal providers and stuff.

The best advice I have heard, which unfortunately I didn't listen to of late is NEVER put all your eggs in one basket. I have done that with one investment and unfortunately, my funds are tied there and I can't get them out. Hence now I will never make that mistake again and I will try from scratch now to collect various bags form different coins and projects as opposed to being loyal to just one brand, that in all events can be high risk and I can maybe lose all my money in it. From this moment forward I will adhere to that advice like it is coming from God and never ever be loyal to just one project or company alone. That's the biggest and costliest mistake I have made after the other big mistake of not selling coins on the High in January 2018.

Factors that should be controlled/learned;

-Emotion handling
-Risk management /Fund management
-Dont rely on guts and luck or simply dont do gambling

It isnt bad to look on others ideas as well but you should know how to balance if its
good to apply it on your own investment behavior or not.

Not relying on others' suggestions is very accurate advice because not all have the talent and generosity to share their path of making money with others, this world has also taught us that success needs to pay, cannot be free. However, that does not mean that we will ignore those proposals, those suggestions are always references, even opportunities, we need to apply our knowledge to know what is an opportunity and what is a trap, and finally, a sincere advice from the people ahead, don't play with all your money when investing can make things evaporate

It is a very well said statement, that is, make your own research and don't rely on other's work. And also the best advice I ever heard in case of investments is patience, this is involved your emotion that you should control first. This is a very important thing when it comes to investments and all because if you are not patient enough you might lose almost everything that you invest just because of panic selling. Especially when it comes to cryptocurrency that the value is volatile.

"Fear when everyone is appetite, be appetite when everyone is frightened. So sell a coin when everyone buys, buy when everyone sells" this is perhaps the best advice I've ever heard in the crypto currency market. Because in general, reality is exactly the opposite of what everyone expects in the market. For example, if everyone expects a rise for bitcoin, a decline comes. Bitcoin rises if everyone is waiting for the decline. This has been the case for years. Constant

This forms part of the advice that I have followed in the cryptocurrency investment, my mentor has always told me never to panic sell and provided that I don’t panic sell, there is absolutely no way that I can give own lot to the whales to take, so I have learnt to even play along the whales.

The people that causes panic sell the most are those that are trying to buy at a cheaper rate and then sell at a higher rate, so that is basically the only way that they get to make profit, and if we don’t listen to them, we can never lose our investment. My mentor always once advised me too that I should try as much as possible to always study the price action of the whales that if I can know when they will drop the market and when they will make it, then I am made.

The best advice that I always receive and probably the most popular among them all is only invest what you can afford to lose, every investors in a highly volatile market should follow this advice or else they will lose every thing, even if the market looks safe and experts are sating that it's safe and ok to invest always follow this advice and you will not go astray.

to me, it's a saying "never expect financial markets, be realistic"
Newbies often invest unreally and tend to be consistent with their portfolio even if their value drops by more than 20% or 60%.
I have been and my mentor appeared at the right time and taught me this knowledge. It helped me a lot.

The advice i’ve ever heard and learned as a lesson when it comes to cryptocurrency investment is to invest an amount I can afford to lose because no one can give a 100% assurance for the success of any project in crypto. Also, another good advice is to learn how to exercise patience in crypto investment because some of the potential and promising projects take time to pass through series of developmental stages before becoming successful on the market hence only the patient investor earns the best from syi projects.

This is probably the most important piece of advice that I ever received, when you begin your journey to try to become a trader you will see that there are thousands of books and each one describes their method as being the best way to make profits in the markets, so how do you know which one is going to make money in the markets? The only way is to understand why a method works and to do that you need to test every single aspect of the methods that you find by yourself and see if they work.

While investing is really important, never invest in anything you don't study and understand. Do research before investing, we must not just invest because our friends say so, we should do research to not regret or point fault to someone if things not work the way they said it should be. It's our Money at risk so it's us who should do the necessary study.

Research first all the info about the coin you want to buy, you need also to know their roadmap, in the roadmap you will know their plan for the next month or year, in that case you will have the idea what will happen next. Also you need to know the team background as well. It is not enough to know that their team is having this degree or what. You need to know if the team has the knowledge in market that will help them know what will they do when crisis come.

The best advice I ever heard in investment is: "you have no profit until  you cashout", and "Do not be emotional about market trends". These advice has helped me to trade with caution and never let greed set in. And as I grow in investment, I learn more from experience.

I would argue its impossible to cover all parts of the market, just know your own section and stick to the strengths and weaknesses before you.   If somebody is an expert on the actual protocol development but has no idea on the market progression and interaction that leads to price variation I'd say thats fine and they might do better for just sticking with what they believe in.
   The majority of advice here is in relation to speculation and observing the market swings, thats useful because you can speculate in just about anything and I dont even have to know that blockchains particular strengths as I just observe the reaction and strength to the crowd buying into that crypto currency either vs BTC or vs Dollar.   I try to respect specialists and even those outside crypto because we are in competition to FIAT and so variations there alter the usage and expansion or contraction in monetary flows into crypto.   So a useful skill is to be able to skim every subject, news and source and appraise honest opinion over hype that is fairly baseless.

Everyone must take a step ,one step at a time. Yes learning everything in crypto can be happen not only for just 1 day, it takes weeks or months. Patience,  you need more of that in trading,  market is unstable and difficult to predict. You need to take a risk also, invest what you can afford to lose because you will not always win.

indeed advice is always needed so that we are not lulled by lust, sometimes it comes on its own without us needing it
some cases we have to be patient when facing failure and make it an experience

The line that I like the most is to be patient when facing failure, that is true. Well the best advice I've ever heard in case of investment and all is that don't do panic selling especially when the value of bitcoin drop down, You don't need to panic since the value of it is volatile so it may rise or fall from time to time so in order not to lose money and earn big profit instead, All you need to do is to wait patiently for it price to increase again before you sell it.

If you are in the game of cryptocurrency for long term then patience is your best friend and like you said, we should not fall into panic selling when the market is falling down because it is just for temporary but if you are into short term then you should look for the possible mistakes that you have done and fix those wrong entries in the market so you will become better in your next entries.

I give you some trick or advice before starting your money with bitcoin or altcoin investment, you have buy top altcoin on market cap and never buy with shit coin, looking which one top market cap coin to buy and left for shit coin because when price down never have chance get back to the top price.

"Never put all your eggs in one basket"
Applying it in crypto investment will help you to understand that investing in different kinds of cryptocurrency will help you to lessen the risk, by avoiding to lose half of them at any moment.

Choosing the popular altcoins in the market for investing to assure the growth of your investment for the long term is also good. Tho there is no guarantee of how long it will take but it would be better than risking your investment in some shitcoins.

This is where patience counts. This is one of the strongest advice every investor could get when doing cryptocurrency investment because things do not happen within a single day. Projects go through series of developments before reaching its full potentials hence only the patient investor enjoys the fruits such good projects.

Patience is the top requirement when you enter investment. Without being patient an investor will continuously make a mistake.
Being patient will control your emotional and physical activities by not getting anger, anxious and annoyed in the market status of your investment. Controlling it is not easy, eagerness is always there, but once an investor passed it he will surely be having a great profit in the end.

Money management,compound investment and tax avoidance are the most important factor for the investor to be successful investor from any kind of investment and the witness is some of the investors who being them now from the scratches.We have to start investing as soon as possible to make more money and the investment should be longer.

The best advice for any investor is to have the patience irrespective of the market situation, have a through plan and study the market situation on how the market functions every quarter and then identify the global financial trends too while investing in any financial market, if you could spend the time in research and have a clear idea on when to invest and when to book the profit, you will not worry if you see a temporary correction.

hehe, doubt that it is possible to understand it even after years of experience! because you can't understand actions of that people who control it. I mean real gray persons who are behind it and control it.
sure for some coins you could see the patterns and they act as they should, but in real important moments it could go opposite directions despite patterns.. because... gray persons in shadow  8)

"Never count the chicks when it's still eggs" this is what I always reminding to myself. Whenever I have an investment and if I know that it's doing great, I will estimate the amount of profits that I could get in a certain amount of time, which is why I always expect something good, and it is the reason why I feel so disappointed if things will not turn out well, and I stopped that kind of mannerism that I have.

Instead of getting too much excited, I wait patiently for the outcome, I'm not expecting anything good or bad, and it helps me a lot mentally.

Yes. Too much expectation will kill you in the end. As for me, the best advice i got is never put all your eggs in one basket. Investment has always its risks along so we should learn to be more practical in putting our money in any kind of investment. I never put all my money in just a single investment because i know that it might fail in the end. I prefer to have a multiple investment so that if one will not work out, the other one might be making profits already.

Patience is the ultimate skill to become a successful investor. That means you are going to hold coins through dips and whenever there is a good rise, you will or may try to sell them. Excitement and emotions can mislead our judgments so it is better to not let them interfere. With this fact in mind that crypto coins, especially bitcoin is going to skyrocket soon and holds bright future, one must not hurry in making decisions. 

so far i have joined and invested in cryptocurrency never felt failed. I was motivated by a friend of mine "it's never too late when we can do it and all that requires a process, before you do it you should find a way to solve it". So before I dive in and invest in cryto assets, I first look for loopholes to buy and sell if I feel a profit. I've also heard the best advice from someone that is trading is a profitable job, I got excited about investing and trading crypto assets.

What loopholes you are talking about? Is there any black market to buy bitcoin for cheaper? :D

Trading can be a job but its highly risky so ensure that you have got some form of passive investment to generate revenue other than trading crypto assets.

Well, in this kind of community and economy where nothing is really certain, patience is really the key combined with enough knowledge. One cannot just allow their excitement or negative thoughts take over their judgement for this might cause them to lose it all instead of gain more.

Waiting for the right moment to do things in the crypto world can play a great factor to be successful. And not expecting too much can help you avoid frustrations if things don't happen the way you want them to be.

The best advice every crypto user and investor can cannot afford to miss out is exercising patience and the necessity to perform a personal research on projects the investor intends to join. This helps reduce the risk of running at losses to unsuccessful and scam projects.

yes i agree with this suggestion. invest as much as you can afford to lose. because if we spend our money to invest in crypto when it fails then we will be stressed. because investment is not as easy as it appears. we must have good instincts, always do research before buying coins. and be able to control emotionally that is fear and greed. we should not panic and be afraid of excessive when our coins go down and not greedy when coins rise. it's better to sell coins if you have enough profit. and then buy again. do not be greedy.

It is important to invest in yourself first, trust yourself and believe that you can be a good investment since it all starts with investing in your abilities. The other thing that is imperative is doing your research extensively to make sure that you invest in a business that you fully comprehend. The best way to get better returns on investment is to buy assets and forget about it.

Those random people of the forum that tells to buy bitcoin and hold it never got wrong. I'm happy that I've followed those people whoever they were during those early days of mine not only here in the forum but in other crypto communities too.

Also the very known quote from Warren Buffet about eggs and baskets.

Best advice I heard with investment in bitcoin and altcoin is control your profit, many people can't manage with their profit after altcoin or bitcoin investment raise to higher price, they want to get much profit with keep holding until price down, I only take little profit for every altcoin invested because I think too risk if keep holding an altcoin investment when price down.

It will never go wrong, investing takes a lot of time, holding it until you are satisfied with the price you met is something that will give you fortune. Investing is not only after you make a profit you should sell it immediately, investing is about how you can continue to earn from your invested money.

Best advise I've ever come across in crypto is the necessity to perform a thorough research on a project before joining its investment. Since not all cryptocurrency projects can be trusted or not all can survive, it is good to research and identify the authenticity and capabilities of the project before investing in them.

And that really satisfied me, I forgot their names but everyone contributed to that suggestion. Now, we're passing this to the newbies and whomever will listen and believe to that suggestion will reap it in the future.

I don't get what you mean by this. Investment is profiting from the money you've earned and selling is part of it if you're into stocks or cryptocurrencies.

Honestly speaking, I never got any suggestions and idea in terms of investment and trading within the cryptocurrency platform, I think google would be your best possible advisor regarding this issue, it's a huge time I have passed within this platform so I have seen a lot, I think only patient and strong goal would bring a good result in investing in here, But I give suggestion a lot of people for investment and trading, I always say the long term investment would be the best possible ways of getting profit without any hassle if you have enough idol money, I think holding Bitcoin is the best way to make money from this platform, in comparison to other cryptocurrency or new ICO investment, I think Bitcoin is the best coin in order to invest.

"Don't believe the rumors, seeing is believing" you won't know a single thing if you will not see it for yourself, it is easy for everyone to discourage everyone because that reflects of they really are, therefore if we follow them we will lose the chance of making a great investment and the worst is we may lose ourselves in the process. In your life, you don't want those people who see negative in everything

Instead we want to surround ourselves with people who are optimistic in all the aspects we have in life, that way we will attract only positive things and will remain persistent on chasing our dreams.

There are many good advices which you can take from others and implement it in your trading which can be helpful.It can be different for all people like for me the best advice is never loose hope and invest which you afford to loose or don't be greedy in highly risky market. So you can have motivation in any form and be satisfied.

The best recommendation I have ever heard is the following one - evaluate cryptocurrencies based on their market capitalization, not the exchange rate that allows only a comparison of the profitability of the cryptocurrency at various time intervals. To independently calculate the capitalization of a token, it is enough to multiply the number of cryptocurrencies in circulation by the current rate. When making a decision on investing, it makes no sense to evaluate the current rate. Close attention should be paid to its real value.

You can`t trust the coins based on their market capitalization! We have seen some warnings about market capitalization manipulations, you can find topics about that here on forum. You can inform yourself about that on other places too. Bottom line is market capitalization is just one factor, when you make a decision who to trust you need to consider more factors. For me the most important part is community, everything starts with people! If an idea attract people, and people support it can be successful in the future. Community needs devoted supporters, smart supporters who will work on developing and spreading the word.

The best advice that i get about investment is not put all of your money all at once because getting yourself empty handed is risky that you cannot be able to buy your necessities if all of your investment have lost, that is why you should only use maximum of 20% of your money to lower the risk of your losses.

Well for me the best advice i ever heard is when my parents tell me that  dont be too greedy on investment and i really appreciate there advice because there are right, they tell to me that when the price of my cryptos is pumping very high sell it and dont wait to dump it again.

Advice from someone I admire in business and investing in my country "in investing, small things are very important, and we must look forward to knowing where the best investments are, don't give up" and "some quotes from great people "the best investment is investing in yourself the more you learn the more you'll earn", these words motivate me when I invest and if I fail.

the best investment advice from me in the crypto world is to buy ieo at binance and when it's been traded don't hold it for too long, if it's getting good profits don't be too greedy.

Indeed and never enter in any kind of investment without knowledge about it. Educate yourself first, take time studying the nature of the investment you want to invest in.

Dont rush things because there's a perfect time for everything.

Invest my way, take advantage of the market when it goes down and analyze the right coins to invest and find good information about the coins you choose.
and besides, don't do all your money or your income to invest and you have to invest the remaining money that you have budgeted for your needs and do it in stages to make investments and choose long-term investments to get big profits even though you have a long wait and patient.

The best advice I received from my trading mentor is, "Don't risk what you can't afford to lose" "You can profit if you want to so always think of profiting and winning on most trades you do" these are the lines the I will always treasure and be mindful of in each of trades im doing and will do in my future trades.

Exploring here at bitcoin talk and reading articles and blogs at reddit, I've got an advice which says "Avoid losing more than you can afford", I found it really motivating and enlightening because I have been investing assets as if I'm throwing away cryptos because I am doing it impulsively and it made me wise after my big loss due to my incompetent mindset and acting at every spur of the moment. I've learned not to get swayed by my emotions and let it dictate what I should do because it causes me to lose more than I can afford.

Ive also experience that kind of impulsive investing where it did come to the point where i do already make some gambling acts.Failures are success if you do learn from it.

These are the lines which do motivates me but it isn't really necessary for you to commit mistakes for you to learn because you would able to know things if you are sensible enough when it comes to possible outcomes that you do foreseen ahead if you do such actions.

So far the best advice I ever came across is from Warren Buffet

These are the keys to being a successful businessman, entrepreneur, investors and covers every aspect of being a victor over stuff.  Most traders fail because they invested on the stuff that they don't have any knowledge.

I heard best advice for investing is buying when got bad news with altcoin or bitcoin and selling your assets after got good news, its very good way how to be investor with bitcoin and altcoin, you can get profit if you done with selling when bitcoin have good respond and selling when bitcoin become bad or negative side with hacked or other cases, you can try what have I said and you will see how much profit you can earn with bitcoin investment.

Investments are good but we should be careful when we are making investment. There is a misconception about investing because people though that investing can easily make them rich. There are research saying that there are many people who experience huge loss because they do not know the investment that they did.

"Risk comes from not knowing what you are doing"
its like basic of investation. if you want to invest, just make sure that you have all of knowledge about investation.
when someone lose some fund, or got scam, they just dont know about the basic rule, and need to learn more. but they will get experience and will be stronger than before.
"Never test the depth of river with both the feet"

Investing in crypto has been really challenging for me when I was beginning with it. My emotion was hit like a roller coaster ride. Until my partner told me that cryptocurrency isn't a shortcut to getting rich, you have to invest a lot of patience. From then on, I have learned to wait until the market situation got better. Every investment has a risk that we might be afraid of but we only have to trust crypto and have patience.

One of the best tips that I heard sounded as follows:

"In order to invest you need and have free capital, in order to have free capital you need an occupation that will bring income that suits you, in order to have such an occupation you must be able to do something, learn and you pay back. "

I think this approach is very true.

yes i agree with you. in investing crypto we must choose the right time to buy and sell. buy at a low and sell at a high. and then control your feelings don't be greedy and don't be afraid. for example when a coin rises 30% -40% it is the right time to sell and take advantage of that 40%. and then invest again. don't delay selling in the hope that the coin will rise higher. this is called greedy.

It is true that we need a capital to start investing or start our own business but we need to make sure first that we have a skill to offer or much better a skills set because these days, skills set is more important and it pays more money compare to having a one type of skill. Investing in a skill set is a good idea because it will give you a lot of cash flow from doing different projects and that is when you are going to build up your business empire through investing and having your own business.

Mental,emotion ,psychology and trading skill that usually said as preparation before we start investing in finance market.these factor has corellation each other.Experienced and profesional traders usually have this key.no matter how much money we have, as long as we  have this key we could improve our investment with satisfied result.i think this the thing that often sugessted to beginners.

Of course, you can achieve good results if the investor has the qualities that you are talking about.  But in most cases, newcomers need not only to psychologically correctly approach this activity, but also in practice to study the cryptocurrency which coins can be trusted, and then make the appropriate choice.  Most cryptocurrency users do not want to take risks and invest their money in the most rated and sought-after cryptocurrencies, but there are other companies that will show their results in the near future.  Examples include Menapay and ICONIQ, as well as ADAB.

it's true your patience will be tested when you make an investment, therefore when you want to invest in the cryptocurrency world you should be able to buy coins that really have the potential to increase so that when prices rise you can get a lot of profit and make sure you have a good platform and has a high trading volume or transaction volume.

This is yet another great piece of advice that I received many years ago, many investors care about one thing only and that is how much money they can make out of the markets and if they lose a trade they immediately begin to try to find why that happened and how they can fix it, they do not understand that is impossible to win every single trade, as long as whatever strategy you are using is profitable then you will eventually make money you just have to trust your trading process.

We've read this a thousand times "Only invest what you can afford to lose" but I doubt if anyone here really follows this by heart, I have broken a promise to follow this sound investment advice, so many times in the past, it's really hard when you find a very interesting project and you don't have spare funds to invest, you always end up investing your saving, I'm pretty sure I'm not the only one breaking it.

"Don't be an emotional investor". This ties in with "Buy low, sell high". If you're emotional you're more likely to buy during peaks, which means you'll be left a bagholder or lose money as you sell during the troughs.

And also "Watch your step". You don't just jump into it without some research.

But I always heard that we should invest in crypto Currencies always for long term it gives benefit also we feel safe for not trading on wrong time. We should just try to buy at low price so holding will be profitable. When I got in crypto I only learnt to buy low, hold with patience and never panic after this try to sell at high price.