Rules for profitable investments (crypto)

[Theoboy]

This topic was earlier created on the bitcoin discussion
https://bitcointalk.org/index.php?topic=5313422.0
But I want to add a little to it

The are alot of different investment strategies it all depends on you
But I will throw light on what I have experienced

1. Crypto currency market are really unpredictable so carefully study the currency you want to invest in
2. No gambling mentality is allowing
3. Eliminate your emotions when investing
4. Focus on long term and not short term investment
5. Invest only what you can afford to lose
6. Be patient

7. You must have a goal(aim) if not you might fail:
When you get a coin you have to set a certain price that if it reaches you sell
Let get an example you get a dodge a coin at 1= $0.04 then you tell your self when it reaches 1 Dodge = $1 I will sell; but eventually it reaches you will now decide to keep it and say it will continue rising you might end up losing because the cryptocurrency market are really unpredictable
So set a target

But most of all be patient and careful while investing in cryptocurrency

No coin is a waste, time will tell

[Coyster]

No coin is a waste, time will tell

Imo, this is not true. There are quite a lot of altcoins that are a waste and one should not put a 'dollar' into them, if you think "no coin is a waste" or in a different term, you try "diversification", then you're definitely going to lose quite a lot of money to scam projects, pump and dump coins, projects with reincarnated use cases etc, there are more coins that are a waste, than even the legitimate ones.

[tranthidung]

This topic was earlier created on the bitcoin discussion
https://bitcointalk.org/index.php?topic=5313422.0
But I want to add a little to it

You can your post to that topic as I see it is on-going with smooth discussions.

The are alot of different investment strategies it all depends on you

Each investor has to choose the strategy that works for them. Each person has a unique personal characteristics they can not apply exactly what are guided in textbooks, courses. They have to build up personal strategies.

But I will throw light on what I have experienced

I don't argue with what you gave but how much experience do you have?

No coin is a waste, time will tell

This statement is a serious fault. As an investor, you have to investigate and screen zero-value coins if you want to protect your capital. Don't think of getting profit, think of protecting your capital first.

[Oshosondy]

3. Eliminate your emotions when investing

This your statement needs explanations, just putting it down like this is completely wrong. Are good feeling, sadness and depression not emotions? If you trade and you win, won't you be happy? If you lose, won't you be sad? Online machines and bots will not have emotion but as a human, the result of your trades will determine your emotion state of mind.

[BIT-BENDER]

This your statement needs explanations, just putting it down like this is completely wrong. Are good feeling, sadness and depression not emotions? If you trade and you win, won't you be happy? If you lose, won't you be sad? Online machines and bots will not have emotion but as a human, the result of your trades will determine your emotion state of mind.

I think its eliminating the emotions at the beginning, their are various emotions, -angry,sad,happy,fear and more- but this emotions has it pressure/adrenaline and when Its at excess can be the determinants of your trading/investing.

A trade can be joyful but after that trade, clear your emotion tank and except anything from the next trade.

[Oshosondy]

I think its eliminating the emotions at the beginning, their are various emotions, -angry,sad,happy,fear and more- but this emotions has it pressure/adrenaline and when Its at excess can be the determinants of your trading/investing.

A trade can be joyful but after that trade, clear your emotion tank and except anything from the next trade.

Exactly while I said OP is not completely right because that statement without explaining it will make new traders not to understand. For example, if I trade and I lose, it is my emotion I have to deal with at that point because it will be like for me to trade more instantly even without thinking about good analyses but just want to earn my money back, the time is the best time for traders to lose all their money, they have to wait and let good trading mindset set in again before trading. Traders should not also be thinking about what they have lost, they should focus on how they can win to set in good trading mindset.

[MrcMrc]

You are right no coin that is totally useless as long as it still trading on the the exchange, what it take is just a good market and in a volatile unpredictable market where any thing can happen at any time. Setting a price goal is the best and don't be too greedy.

[BITCOIN4X]

You are right no coin that is totally useless as long as it still trading on the the exchange, what it take is just a good market and in a volatile unpredictable market where any thing can happen at any time. Setting a price goal is the best and don't be too greedy.

Never be afraid to say that most altcoin are worthless shitcoin. There is no guarantee that they will continue to survive in the crypto market without real adoption and use. Crypto isn't just about value, but innovation and usability matter too.
If this is a decentralized asset, then you should be able to use it for various purposes and that includes means of payment. Regardless of price, reputation, legality, and user trust, it's these asset innovation that you should consider before you decide to invest.

[ScamViruS]

You are right no coin that is totally useless as long as it still trading on the the exchange, what it take is just a good market and in a volatile unpredictable market where any thing can happen at any time. Setting a price goal is the best and don't be too greedy.

What will happen? Delist your bought coin from the exchange? Then the coin will have no value. Because if your coin are not listed on the exchange, you will not have a place to sell your coins. So be careful when buying altcoin and buy after doing enough research on that project.

Yes, if you are more greedy in the market, you will not be able to do anything good, you will face losses due to greed.

[passwordnow]

No coin is a waste, time will tell

If you have this mentality towards cryptocurrencies and you just get everything you want in the market because you believe that none of them is a waste, you'll be feeling sorry soon if you're thinking like that. I have learned from my mistakes before of taking coins that I think will be profitable in the future even done I've done particular research on it yet I still lost a lot from those experiences which made me realize that many of them are a total waste, of money and of time.