Before Investing in Cryptocurrencies

[mhsingh]

6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.

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[josephine85]

6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.

Thank you for sharing your thoughts. I have not invested yet into cryptocurrency. I am not a risk taker. I cannot still afford to lose any single amount of money. I will do more research and learn everything about investing and trading in cryptocurrency in order for me to become successful in this undertaking.

[simongoat]

Well I guess we're all hoping that at some point this year crypto properly takes off!!

[Cutieh01]

6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.

Thanks to this good tips, it can help a lot in our decision making on how to select a cryptocurrencies which has potential profit in return. I love crypto and I  do understand that it is volatile but then I still going to invest in cryptocurrencies, it is not just ease to use but it give us opportunity to earn profits from it.

[orangy]

6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.

Learning and taking the time to understand is the key. ”

[Daddyj2]

If you have money to invest and your here for a long term you don't need skills and analysis of some sort. Just invest some in the top 10 coins and wait for a year or two.

[cpoer2011]

Thanks for the info about how we can do before investing our money to cryptocurrencies investment. It helps us to do our own research before jump into the crypto investment. Thanks once again.

[bitfocus]

very nice work! a great help for the newbies (if they read and maintain the steps) in Bitcoin.

[aioc]

You deserve a merit for this, all newbies experience the same pitfall they all thought all ICO are harmless and profitable until the first taste of getting scam or losing in a trade, this guide will help them to know the truth about cryptocurrency it's a short list but worth reading.

[turcalata]

It's been a great work. In my opinion, before investing in crypto money, it is necessary to conduct a good research and pay attention to certain points. I need to understand that first. This market is at the beginning of the potential and some of the problems that are experienced can be devastating. For this reason, do not think fast and keep calm while moving. Besides, you do not just end up buying it, you should also know where to sell it at the same time.

[Xester]

6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.

Well the list you made is quite true and also you have mentioned the readers that before they invest they should do their research. What actually makes a good investor and trader is knowledge and experience. Whatever experience we have be it positive and negative we should learn from them since if we take it for granted we maybe repeating the same mistakes again and again.

[Liternyy]

Find out how much the crypto currency is common among users. Great interest, availability on exchanges, rising costs - all this indicates the popularity of digital money.Mobility. Choose a currency that can be easily moved.Security. A good crypto currency should be protected from scammers.

[usekevin]

The points you had mentioned is good.All the traders should aware of this points,before starting a crypto currency trade.And you should take care of your security.Investing in crypto currency is always better than inverse in other assets.The profit percentage in bitcoin is more than other asset.

[mobnepal]

- Never invest what you can't afford to loss in crypto, it is not gambling but risk is just like gambling if you are newbie.
- Experienced trader can easily make thousands with day trading from crypto because of high volatility so it is not just a dark side of crypto.
- If you are newbie than the best way to multiply your money is hold for long time, don''t sell out of panic
- Also don't hold any coin even after you got over 2x return in less than few months or even a year, don't be too greedy.
- Never invest in multilevel marketing coin that promise to give high return over your investment and high referral commission on purchase.

 

[tunapa]

Thanks for this solid points, they are very true. Newbies to cryptocurrency should note it. Always remember that your loss is another trader's gain and vice-versa. Never be greedy, never allow exchange or third party to have access to your wallet, always do your research to learn more daily.

[9jaflick]

-Don't invest on a coin because of hypes gathered from other users, do your research diligently.
-Try and get in contact with the project management team.
-see to the future of the project/coin if it is worth investing on.
-Don't act greedy when making an investment decision, invest only what you know you can afford to lose, not what you can't afford to lose.

These are my little contribution!!!

[Scavagers]

6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.

Thank you for brief but very useful information. I am thinking of doing investment but I have no idea and background to it. I am still looking for informations that I needed before doing invesment. I just fear of commiting a mistake because one of my friends have invested on an ico and he trusted too much,his 400 dollars got scammed,maybe this will be a lesson for me as a starting investor.

[KourtneyK]

These are very informative especially for those who are starting to invest in cryptocurrencies. And always do your own research because not all coins are the same. I still do find time to dig in some research especially on new coins that are good for investment.

[joebrook]

- Never invest what you can't afford to loss in crypto, it is not gambling but risk is just like gambling if you are newbie.
- Experienced trader can easily make thousands with day trading from crypto because of high volatility so it is not just a dark side of crypto.
- If you are newbie than the best way to multiply your money is hold for long time, don''t sell out of panic
- Also don't hold any coin even after you got over 2x return in less than few months or even a year, don't be too greedy.
- Never invest in multilevel marketing coin that promise to give high return over your investment and high referral commission on purchase.

 

Very Sound advice especially about the greed part after getting even half of the capital that you initially invested, i think that's good enough profit for anyone to just sell and move on to another coin. Being greedy most of the time ends if you not getting anything in return.

[-Sinner-]

6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.

1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security

I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.

Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.

7)- You need to study a lot to enter in this world.
8 ) - Don't trust people. EVERYONE could be your next scammer.
9)- Emotions are bad, always.
10)- Set your goals before enter in a determinated coins, or you will lose probably.

Said that, good luck to newbies, this is not so simply as you believe