My Advice on Investing in Crypto

[chrisculanag]

Investing in cryptocurrency is a mechanism for building wealth, but it is not only for the wealthy. This is why our community is growing.  Anyone can get started investing in crypto, and various options (BTC, ALT Coins, ICO’s) make it easy to begin with small amounts of fiat and add to a build a portfolio. What differentiates investing in crypto from gambling is that it takes time!  There is not a get-rich-quick scheme.

The Definition of Investing is, “The act of committing money or capital to a venture with the expectation of obtaining an additional income or profit.”
Legendary investor Warren Buffett defines investing as “… the process of laying out money now to receive more money in the future.” The goal of investing is to put your money to work in one or more types of investment vehicles like cryptocurrency, in the hopes of growing your money over time.
 
Remember we invest so we can “work smarter and not harder.” If you are like me, you work hard at your job.  It doesn’t matter whether you work for a company or own your own business. We all work long hours which requires sacrifice and adds stress to our lives. Using some of our hard-earned money and investing for our future needs is the best way to make the most of what you earn.  Pay yourself first by investing.
 
Investing is also about setting priorities for your money. Spending is way too easy and provides instant gratification.  New clothes, exotic vacations, fancy dinners and flashy sportscars are wonderful and make life more enjoyable. However, investing requires prioritizing the needs of our financial futures over the wants of our present desires.  Investing in cryptocurrency is a way to set aside money and put that money to work for you so that you can reap the rewards of your discipline in the future. This is how you receive a solid future.
 
There are several different ways you can invest in cryptocurrency, including putting money into coins, tokens, ICO’s, Bounty Campaigns, etc. Every investment vehicle has its positives and negatives.  There are no guarantees of making money, but a little work on your part can increase your odds of being successful. Analysis, research and even just plain reading up on crypto can help.
No one investing strategy or approach fits all. Every investor has different reasons for investing, different goals, different time horizons and varying degrees of comfort with investing. It’s important to define and articulate your own parameters.

You must set goals.  What do you want to achieve for the money that you will be investing? Is safety of your investment with some level of return sufficient? Are you trying to grow your money for a longer-term goal? You will even have different types of investments for different goals. Before you decide to invest any money into cryptocurrency it is imperative that you understand why you are investing and the result that you desire.  Goals should never be created in a vacuum. You also need to know your risk tolerance and your time-line as part of the goal-setting process.
Risk can mean a lot of things.  Investing in cryptocurrency means you have a risk of losing money. Your money invested can decrease in value, possibly to zero.  ALL investing involves risk in one way or another. Stocks often can go down in value over periods of time, just like crypto.  Do you remember what happened in 2008?  The S&P 500 dropped by 37%. This decline in the stock market was one of the worst in history.  Severe market corrections are not uncommon, especially in cryptocurrency!

How much of a drop-in value for your investments can you tolerate? Your tolerance of this risk is a function of when you need the money.  This is your time horizon.  Usually, the younger you are the less thought you give to fluctuations in the value of your investments.  This is the volatility of an investment.  You should align your investments with your time horizon.
How long are you going stay in an investment?  Warren Buffett rarely sells a stock he owns and doesn’t get rattled by market fluctuations. This is generally known as a “buy-and-hold” strategy.  There are extreme traders who buy and sell cryptocurrency daily. This is fine if you are a professional but is rarely a good strategy for the average investor.  I am not saying that you need to hold an investment forever.  Things change, and you should analyze your individual holdings on a set schedule to ensure they are still appropriate for your situation.

Some crypto-investment vehicles require sophisticated knowledge and monitoring.  Others are more set it and forget it. Your individual investment decisions should be based on your comfort level and your willingness to devote time to researching your choices.  An easy route is to choose a variety of cryptocurrencies.   A diverse portfolio of BTC, ETH, LTC, and BCH.  Crypto investors with more knowledge and experience might consider ICO’s.  It is important that you understand what you do know and don’t know. You should never be talked into something that you don’t understand or are uncomfortable with.  

Thanks for sharing a good idea , im glad that i see this article . Its very helpful to all crypto investors . Many new investors and crypto user need it. I try buying some ICO`s but im not good ,always lose only a small win only. So i tried to find another ico`s that can make me a profit to get back my losses . But if i do it again , i apply this article in my mind always .

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[Lexurdania]

Investing our money in cryptocurrency is profitable as long we can hold it. If we want to make short investment, we should have knowledge about technical analysis but i am prefer to holding and treat it as long term investment.

[goku1525]

Investing in cryptocurrency is a mechanism for building wealth, but it is not only for the wealthy. This is why our community is growing.  Anyone can get started investing in crypto, and various options (BTC, ALT Coins, ICO’s) make it easy to begin with small amounts of fiat and add to a build a portfolio. What differentiates investing in crypto from gambling is that it takes time!  There is not a get-rich-quick scheme.

The Definition of Investing is, “The act of committing money or capital to a venture with the expectation of obtaining an additional income or profit.”
Legendary investor Warren Buffett defines investing as “… the process of laying out money now to receive more money in the future.” The goal of investing is to put your money to work in one or more types of investment vehicles like cryptocurrency, in the hopes of growing your money over time.
 
Remember we invest so we can “work smarter and not harder.” If you are like me, you work hard at your job.  It doesn’t matter whether you work for a company or own your own business. We all work long hours which requires sacrifice and adds stress to our lives. Using some of our hard-earned money and investing for our future needs is the best way to make the most of what you earn.  Pay yourself first by investing.
 
Investing is also about setting priorities for your money. Spending is way too easy and provides instant gratification.  New clothes, exotic vacations, fancy dinners and flashy sportscars are wonderful and make life more enjoyable. However, investing requires prioritizing the needs of our financial futures over the wants of our present desires.  Investing in cryptocurrency is a way to set aside money and put that money to work for you so that you can reap the rewards of your discipline in the future. This is how you receive a solid future.
 
There are several different ways you can invest in cryptocurrency, including putting money into coins, tokens, ICO’s, Bounty Campaigns, etc. Every investment vehicle has its positives and negatives.  There are no guarantees of making money, but a little work on your part can increase your odds of being successful. Analysis, research and even just plain reading up on crypto can help.
No one investing strategy or approach fits all. Every investor has different reasons for investing, different goals, different time horizons and varying degrees of comfort with investing. It’s important to define and articulate your own parameters.

You must set goals.  What do you want to achieve for the money that you will be investing? Is safety of your investment with some level of return sufficient? Are you trying to grow your money for a longer-term goal? You will even have different types of investments for different goals. Before you decide to invest any money into cryptocurrency it is imperative that you understand why you are investing and the result that you desire.  Goals should never be created in a vacuum. You also need to know your risk tolerance and your time-line as part of the goal-setting process.
Risk can mean a lot of things.  Investing in cryptocurrency means you have a risk of losing money. Your money invested can decrease in value, possibly to zero.  ALL investing involves risk in one way or another. Stocks often can go down in value over periods of time, just like crypto.  Do you remember what happened in 2008?  The S&P 500 dropped by 37%. This decline in the stock market was one of the worst in history.  Severe market corrections are not uncommon, especially in cryptocurrency!

How much of a drop-in value for your investments can you tolerate? Your tolerance of this risk is a function of when you need the money.  This is your time horizon.  Usually, the younger you are the less thought you give to fluctuations in the value of your investments.  This is the volatility of an investment.  You should align your investments with your time horizon.
How long are you going stay in an investment?  Warren Buffett rarely sells a stock he owns and doesn’t get rattled by market fluctuations. This is generally known as a “buy-and-hold” strategy.  There are extreme traders who buy and sell cryptocurrency daily. This is fine if you are a professional but is rarely a good strategy for the average investor.  I am not saying that you need to hold an investment forever.  Things change, and you should analyze your individual holdings on a set schedule to ensure they are still appropriate for your situation.

Some crypto-investment vehicles require sophisticated knowledge and monitoring.  Others are more set it and forget it. Your individual investment decisions should be based on your comfort level and your willingness to devote time to researching your choices.  An easy route is to choose a variety of cryptocurrencies.   A diverse portfolio of BTC, ETH, LTC, and BCH.  Crypto investors with more knowledge and experience might consider ICO’s.  It is important that you understand what you do know and don’t know. You should never be talked into something that you don’t understand or are uncomfortable with.  

Thanks for sharing a good idea , im glad that i see this article . Its very helpful to all crypto investors . Many new investors and crypto user need it. I try buying some ICO`s but im not good ,always lose only a small win only. So i tried to find another ico`s that can make me a profit to get back my losses . But if i do it again , i apply this article in my mind always .

Your ideas has a potential to get enormous profit, I'm so thankful for sharing your ideas about investment method If I would like to invest money I rather apply your techniques to prevent losses of coins. I'm so interested for your knowledge about short term or long term investment.Its very helpful for the beginners and for investor who are not experiencing things.

[darkangel]

There are 3 types of traders:
Day traders: You trade daily or hourly ...
Trader Swing: You trade periods of 2-7 days, or longer periods depending on the trend.
Investor: Buy when price falls, hold long
Day trading is extremely stressful, and if you are able to quickly lose money if you do not have time to follow the market continuously and especially when you do not know what you are doing.

[giantrobot]

You need to have strong psychology in the face of market change. Technical analysis is an extremely useful tool to help you make the right decisions, but anyway, it's not a prophetic sphere. So you have to be careful every time you decide to invest

[rext]

You need to learn how to calculate the price of a coin. Some people do not know how to calculate the price of coin and how they capitalize, they have blindly thrown money at the peak of the coin. Then they fell and did not rise again

[StevenPop]

When investing in crypto be very careful, don't rush and don't allow emotions dictate your decisions. Be careful and wary of coins you put your money on and never forget to never invest more than you can afford to lose.

[boybitcoin]

very nice advice, i think you are knowledgeable about investing, because, my friend told me about this earlier because i want to invest, to their company, i think this is a great help for those who are more interested in investment or some kind of introduction to get involved into it..  very interesting

[Rashid555]

Every one of the crypto would love to invest in this currency and most of the new investors came here from the stock market and bitcoin is the good way to keep your money for a good future now a days people are looking at the apparent value but it needs much time and money to become successful in one investment.

[chamdiana]

Investing our money in cryptocurrency is profitable as long we can hold it. If we want to make short investment, we should have knowledge about technical analysis but i am prefer to holding and treat it as long term investment.

yes longterm investment is best for high profit. but you should hold it in secure wallet from scammer and don't share the password with other peoples. because their are alot of scammer want scam money from peoples

[serjent05]

Thanks for sharing a great article!
I just fear that it is always a rist of loosing everything on every phase of your investing, so I dont invest everything I have.

Just like in gambling sayings, invest only the money you can afford to lose.  And once you have invested, try to acquire knowledge of your venture but it would be best if you have this before hand.  Know the right source of information and prepare yourself for several setbacks, value goes up and down and you need to have patience and right timing.

[timerland]

I think that you are spot on to why crypto is such a good investment.

First obviously you know that it is something that no central bank is able to control, but yet its supply is completely self controlled. Plus, since it is decentralized, these are all traits of a good hedge against inflation in my opinion.

So instead of 'investing'(or rather, wasting) your money by putting it under a mattress or depositing it to the bank, I'd honestly just hold onto some crypto so that the money that I worked for does not dissipate due to inflation.

Also, crypto is easily accessible by people. Way easier than stocks, government bonds, or even gold and silver. That's why its potential is limitless, and imo why investing in it is worth it.

[onrise]

When investing in crypto be very careful, don't rush and don't allow emotions dictate your decisions. Be careful and wary of coins you put your money on and never forget to never invest more than you can afford to lose.

At present market is getting choppy and on falling mode. Ideally choose some handful of the crypto which you fell is available at the lowest price compared to its all time high and also you think it will have a good future in coming time. Coins which have a good management is tend to do well in long run.

[babarian]

This is a very good explanation on crypto investing. Investing in crypto is very exciting, but should always be taken with caution. Crypto investments are highly volatile, which means one can make big gains and big losses. But what’s even more exciting than financial gain is the technology development. Blockchain is unleashing massive innovation, and the entire World is participating in this excitement. No one knows for sure what company will thrive in the future, but if you find a company with the right team and the right technology, then you are on right track to identifying a  good crypto investment.
 

crypto currency including bitcoin hypnotize the billionaires to invest their fiat currency in crypto currency they strongly believe that by trading in crypto currency they will gain more profits and faster than investing in fiat currency

[romeo23]

My advice would be, don’t be a coin chaser. Coin chasers chase after every other coin. If one YouTuber says that xyz coin has great potential, they hurriedly buy that, only to sell it after hearing that abc coin has a potential to give them 10x returns.Do your own research. There are so many books out there about cryptocurrencies, as well as reputable blogs. There are several YouTubers also who are reputable and give info that is honest and helpful, compared to those who are only after itchy ears. Try and keep fear and greed at bay. The market goes on a bull run only for it to correct at some point. Don’t give in to fear and sell cause of the depreciation of your coins. HODL.Lastly, put 2 Factor authentication in all the exchanges you buy your crypto from. Adds another layer of security.

[Palmerson]

This is a very good explanation on crypto investing. Investing in crypto is very exciting, but should always be taken with caution. Crypto investments are highly volatile, which means one can make big gains and big losses. But what’s even more exciting than financial gain is the technology development. Blockchain is unleashing massive innovation, and the entire World is participating in this excitement. No one knows for sure what company will thrive in the future, but if you find a company with the right team and the right technology, then you are on right track to identifying a  good crypto investment.
 

crypto currency including bitcoin hypnotize the billionaires to invest their fiat currency in crypto currency they strongly believe that by trading in crypto currency they will gain more profits and faster than investing in fiat currency

You're making the same mistake as everyone else. Billionaires are not interested in earning from investments in bitcoin. Why would they need money when they already have it? The most difficult thing is to save your capital. Bitcoin attracted rich people because it allows you to safely store and move large amounts. That is why regulation of bitcoin turnover by the state will mean its death.

[Gadhoh]

my advice is to invest in stocks to use Fundamental and Technical Analysis in deciding which crypto to buy. And actually many people who use the analysis tool to do the valuation of a crypto. For me personally, this method is irrelevant, because the shares are released by companies that have IPO, and the logic of companies that have successfully IPO is a company that has mature and stable, both in income and management.

[a31078]

Your massive submission in clear terms is very comprehensive and appreciative because it gives a clear concept of adopting and investing into Cryptos strategy and rationality. However, I feel oblige to also cheap in that RISK in its own agony must also be given due consideration when trading or investing into any Cryptos because of the volatility they are wearing. In other word, apart from taking up any cryptos that commensurate with your age and stage of life, you should not invest what you feel you can not afford to loose  

[jakagintiri]

There are how many people see and are motivated by what you give in this thread. I really like everything and catch my attention, deserve samples and do what people want to do in the crypto world.

[lili song]

Invest in crypto is good because crypto will grow in the future. Many transactions will coming up use crypto.
Invest crypto hold for long term at least 5-10 years to earn some more profit. Learn for market is important thing to know the graphic of crypto.