The safest way to invest in Cryptocurrency

[HashFace]

I wouldn't hold anything online (keep it in a wallet you control) and know that almost nothing is regulated and even the "credible" sites (exchanges/investment sites) often end badly.  

I also invest in stocks, have a rental property, have some gold, and Lending Club.  Spread your money around, and don't invest more in Cryptos than you are willing to lose.  If my crypto holdings continue to grow as quickly as they have been, I'll take some off and put it in something safer, to keep accounts proportional.

[jerkoin]

...is to invest between 5% to 10% of your annual or monthly income in a token that you've seen not only their whitepaper and ANN, but also their business plan and pitch deck with easy to understand business model that could be achievable.

[cryptoonoob]

I will vote for passive investment, like the index funds  (e.g Iconomi, Cryptomover, etc...)

Then I can enjoy the uptrend of all coins and won't miss out any opportunity

What are your thoughts?

I think that the index fund depend on the bitcoin and ethereum movement, Sometimes if the bitcoin gets drop a lot and you will be lost in index but that was a safest way in this time but that can't bring you a lot of profit in once time trade.

yeah... I would rather aim for a long term profit, so I am thinking diversification through index funds will be a good choice for me

[cryptoonoob]

I wouldn't hold anything online (keep it in a wallet you control) and know that almost nothing is regulated and even the "credible" sites (exchanges/investment sites) often end badly.  

I also invest in stocks, have a rental property, have some gold, and Lending Club.  Spread your money around, and don't invest more in Cryptos than you are willing to lose.  If my crypto holdings continue to grow as quickly as they have been, I'll take some off and put it in something safer, to keep accounts proportional.

Actually that is my goal to build a diversified portfolio. I am planning to earn my first bucket of money by cryptocurrency and I will probably do it through investing in these index funds...

btw, just bought some CM10 from Cryptomover and some ICN for Iconomi, let's see what will happen 

[inthelongrun]

Good idea, but be careful with the "passive income". You can get fraud

Fraud is always lurking behind in this kind of investment. There is a relatively higher risk. I would rather buy and hold some top coins if I want to make profits from some passive investment. It is still profitable with less risk. Even holding BTC is worth it. No need to check every now and then. For as long as they are stored in safe wallets, everything's fine.

[winderx]

i believe diversification is safest

[cryptoonoob]

i believe diversification is safest

True. But sometimes we have to see how diversified it is.

I prefer composing the portfolio using the top 10 coins (or maybe 20 if you can take more risks). In this case we shall enjoy the uptrend of the market and limit loss when there is a dump for particular coin.

[hous26]

Nothing is truly safe but I think Tether is probably the least volatile of all crypto.  I wouldn't go long on Tether though, 

Bitcoin is probably the safest non-fiat backed crypto but you have to be prepared for an 80% drop in Bitcoin because it has happened in the past.  Nothing in crypto can be called "safe".

[Inkdatar]

Nothing is truly safe but I think Tether is probably the least volatile of all crypto.  I wouldn't go long on Tether though, 

Bitcoin is probably the safest non-fiat backed crypto but you have to be prepared for an 80% drop in Bitcoin because it has happened in the past.  Nothing in crypto can be called "safe".

Yes there is no safe at all. But investing in cryptocurrency we should spread our investment 5-10 cryptocurrency. That will ensure gives a return of profit. Thus, do some research also that worth investing for.

[Arkann]

• buy high
• sell low
• invest in biggest gainers at CoinMarketCap

 

Your instruction would've been great if you didn't make a huge mistake. Obviously, you must've meant buying low and selling high.
Anyway, I think that the idea is good, but can be specified a bit. To invest safely one has to follow these steps:
1. Look at top 20 coins on coinmarketcap.
2. Define those which dropped 20%+.
3. Look at the news about these coins to make sure the drop is not due to serious problems discovered.
4. Look at the price chart of the coin and make sure it's price was 20%+ higher than now for at least two weeks.
5. BUY IMMEDIATELY those coins which met all the requirements.
6. Wait till the price recovers, then watch the price carefully once per hour.
7. Sell when it drops 5% from the maximum you saw that day.

Really good recommendations for the purchase and sale of crypto-currencies on exchanges. Determine which coins of the top twenty coins at this time have fallen to 20 percent in price and if this fall is not caused by the drawbacks of this coin, but simply due to fluctuations, then this coin is acceptable for purchase. A good method. Thank you.

[White sugar]

Add a 3rd part and increase the risks while you decrease control and profits?

Indeed a good idea