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Author Topic: Before Investing in Cryptocurrencies  (Read 791 times)
Geljames28
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May 13, 2018, 03:57:24 PM
 #21

Thank you for sharing this. It may help those people who wants or thinking to invest. They should make time to learn and think first before they are going to invest in any cryptocurrency. Because investing is really risky.

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May 13, 2018, 04:49:12 PM
 #22

Nice list, never go for a website that offers x2, or x10 of your current holdings. You do not need them, actually you can double or triple your money by just holding it from a cold storage like trezor or ledger nano.


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May 13, 2018, 04:52:35 PM
 #23

~~

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 Smiley
In addition, the management of emotions and a sense of gratitude towards whatever profit is very important. In addition, the key to investing, investing what you afford to lose, should always be remembered.

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May 13, 2018, 04:53:18 PM
 #24

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.

the most I worry about today is the level of security and technical difficulties itself, until now for some reason, there are still enough exchangers that are still less in terms of security, it is one proof that the investment in bitcoin is less attention to the security side

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May 13, 2018, 04:54:36 PM
 #25

Your consciousness has given so much important ideas for the betterment. To invest in crypt-currency need to think before the 6 steps you have made. Investing is very risky. We should avoid risk as much as we can.

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May 13, 2018, 04:54:45 PM
 #26

~~

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 Smiley
In addition, the management of emotions and a sense of gratitude towards whatever profit is very important. In addition, the key to investing, investing what you afford to lose, should always be remembered.
Yeah that is the most important thing to be not too excited nor too afraid when price becomes low, there are  things in life that really should calm down and relax while analyzing the market and not making decision immediately because you cannot control your emotion.

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May 13, 2018, 04:56:46 PM
 #27

Cryptocurrency is a very attractive investment option as it becomes a trend and is very popular in recent years, unfortunately many people who only invest without ever knowing in detail, they only expect profit but when the price drop they regret and panic.

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May 13, 2018, 05:14:55 PM
 #28

There are lots of cautions before investing into cryptocurrencies, from a coin's perspective to potential market of the platform. Even choosing an exchange is hard these days as many exchanges getting into hack or scam people.

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May 13, 2018, 05:19:06 PM
 #29

You gave some real practical tips that will help new investors. I would like to add one more tips that one should never sell his coins in panic.
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May 13, 2018, 05:30:55 PM
 #30

we all know that investing in bitcoin is too risky, its more risky than other investment platform, because the price in cryptocurrencies is not stable, we need to makes prediciton about that price in the future, from your thread i realized that there are many aspect before we buy a cryptocurrencies for investment

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May 13, 2018, 06:29:38 PM
 #31

that's good brother I like your opinion thank you for sharing. it is very useful for beginner traders before investing

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May 13, 2018, 06:32:20 PM
 #32

thank you for 6 reasons that we should consider when investing in cryptocurrency.
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May 13, 2018, 06:54:00 PM
 #33

The best thing is that  bitcoin's price is keep on increasing and you don't need to work. You can just wait while BTC will rise and rise.
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May 14, 2018, 03:58:00 PM
 #34

You list is quite good and covers almost all the points. But I think you have missed some important things which I would like to mention.
1. Make sure to diversify your investments. Don’t risk you money by investing them in one coin.
2. Be vigilant or careful. Selecting an organization like Block X that has a reputable team and is dedicated to conducting extreme due diligence will ensure your investment is safe.
3. Consider the community also behind the proposed crypto.


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Coinlover9
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May 14, 2018, 04:02:02 PM
 #35

Oh boy there are so many things but most important of them all are
Gather information about the project
Gather information about the founders
Know about it's aim
Know how they are going to achieve their goals (read white paper)
Know about it's popularity in the market
Dudeperfect
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May 14, 2018, 04:41:01 PM
 #36

Well, should always keep in mind that cryptocurrencies are highly volatile and hence there is a high risk/high reward game. One can not only earn exponential returns from it but also there is a possibility of 100% loss so it is extremely important to take the calculated risk and invest the amount less than the loss-bearing capacity of the investor. Bitcoin is a part of blockchain technology and it relies on the principle of decentralization. There is a distribution of responsibilities too and anyone is responsible for his own actions.

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May 14, 2018, 06:45:30 PM
 #37

If you are planning to invest in cryptocurrencies make sure to spend at-least 24 hours of effective reading time understanding what is blockchain, what are cryptocurrencies, security measures you should take before investing in cryptocurrencies and so on. Please remember that no research is enough and you need to keep updating yourself constantly. What could have been true a couple of months ago might be completely wrong now. Technology, Finance, Investment strategies, Regulation and every other thing about cryptos is changing at such a fast pace that you need to update yourself on a daily basis. In crypto lingo it is called DYOR : Do Your Own Research
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May 14, 2018, 06:47:58 PM
 #38

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.
This is very good and helpful guidelines youve shared here especially for the new ones and for those who are aspirant cryptocurrency investors. Thank you for this👍
Abigail Asi
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May 18, 2018, 11:26:31 AM
 #39

Thanks soo much for the information on how to go about things before investing in cryptocurrencies. It will go a long way to help us. Thanks again

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nano77
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May 18, 2018, 12:04:30 PM
 #40

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.

right, before deciding to invest in a cryptocurrency you have to learn everything and how the risk is, the list you provide is very useful for us to know about the investment in the cryptocurrency

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