winterland
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May 30, 2018, 09:50:34 PM |
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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.
The only reason why most of the traders are losing a huge amount of profit is that, they are not well knowledgeable about how the market work's but still they invest immediately because of the hype on social media's. People like that deserve to lose their money they think they can earn a fortune in the market without doing anything and that is simply not the way things happen, if someone wants to earn a lot of money in this market then you need to be smarter than other traders and that is not easy since those traders have years of experience that you do not have.
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gamalzour
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June 07, 2018, 09:58:12 AM |
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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.
Invest you are willing to lose not to invest you can't willing to lose from a hard-earned profit, this should be the most fundamental basis for all of the investments not just to cryptocurrencies but in general but people tend to be swallowed by greed or rush, budget your part of your investments and savings, invest smarter then profit later great post by the way. If something called as investment then it also comes with the risk factors,and in my opinion no one can become rich by hard working from 9am to 5 pm,if someone want to become a millionaire then smart investment is needed and need to take calculated risks and need to have backup plans.Don't be too greed need to have a margin of profit when it reached then we have to cashout. Obviously, so many people just do not understand the risk and some of them just have this mindset that people are getting rich overnight in the cryptocurrency world and they are forgetting it has taken literally almost 9 years to get to this stage. Impatience and greed is just what they need to remove first from their dictionary if they want to be a part of this world, otherwise they will keep making series of investment mistakes and losing out at the end.
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charlemagne_15
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June 07, 2018, 11:21:47 AM |
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Nice post though now a days people just think their own or selfish rather. They tend to set a mind set that money first that goals. Having a goals is of the common reason or advice why to invest. And i wanna add some advice though investing through crypto you should learn some basics and talk to some pros, some crypto such as btc and different alt coins like eth and ltc . Some of the sites you will encounter just using by their names so be aware okay? , again another good advice appriciated it.
Having a lot of money in a quick period of time as possible is the mainstream mindset of most of the people. Maybe that was the reason why few of the people are so eager to invest in cryptocurrency but little did they know investing in crypto such as bitcoin really takes time. You must work smarter than work so hard. Knowing the basics of it will help you to understand it deeply and help you to formulate plans and strategies. Talk to someone who is pro to this kind of business will help you to. Be educate in different and well-known cryptocurrency to avoid being scam by others.
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gurang
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June 07, 2018, 11:28:41 AM |
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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.
what I just want to say before you invest is that you need to have enough knowledge to be wise at every decision you make or ask for the knowledge you know best to have your idea
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BlueStackz
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June 08, 2018, 09:55:38 AM |
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Now-a-days cryptocurrency has become a priority for business sector.In this sector u can income more money without invest.Cryrpto give the chance to be a perfact financing. So my advice is first work is read about crypto then invest tenson free.
cryptocurrency is very close to the word investment. almost wholly here is an investment. we must be smart in making decisions for our investment. do not get caught in the wrong thing Exactly, and anyone who is not ready to be smart will only end up making wrong decisions that they would wish they never even made as the repercussions will always be huge. This is the thing we are seeing in the crypto world right now, with a lot of inexperienced investors who are not ready to learn and since it is a decentralized space, it makes it easy for them to just invest. With that, some invest in ICOs without even doing proper research; some get coins in exchanges just because they are looking for quantity when they should be looking for quality and all these things counts.
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futile-resistance
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June 08, 2018, 10:51:19 AM |
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My advice to people who are new to the cryto world who wants to invest in cryptocurrency is that before investing your money, invest yourself first in studying and learning about cryptocurrency, Bitcoin, and trading rules and tips so that by the time you already invested your money, you already know what to do and how to manage your money. Youtube and Google can really help. It's a long way to go, hope this would help. Good luck, traders!
Unfortunately, people are just never ready to learn and that is one of the things affecting our society in general till date as people just do not want to work for their money and they keep looking for the easy ways out. Having sense can only be derived from gaining knowledge and so long as there would just be people with that mentality, the idea of trying to study so as to put their money where they are so sure of will be the last thing they will ever want to achieve and that would put their investments in huge jeopardy, even outside the crypto world.
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Okrah
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June 08, 2018, 11:12:57 AM |
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For those who have invested crypto let me tell you this, you should be familiarized the coin you have invested and be careful of what you are doing coz scammers are very genius they may scam your money.
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█ █ █████████ BITGOALS █████████ █ █ SPORT TOKEN PROTOCOL: REWARDS FOR SPORT ACTIVITIES https://bitgoals.com
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gurang
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June 08, 2018, 11:17:48 AM |
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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.
the only advice you'll invest in bitcoin is to double take care of every scam and of course you need to be informed and wisely deciding so that every one you despise you know what you will do
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Hellokitty09
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June 08, 2018, 01:25:57 PM |
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My advice to anyone trying to make a lot of money in cryptos right now, is to invest into smaller value alt coins that have a potential to explode.
I think knowledge and psychological preparation are essential before you invest in crypto like bitcoin. You can divide the percentage accordingly to invest. You can invest half of your capital in bitcoin and invest in other virtual currencies. But you should focus on investing in one or two other virtual currencies. Do not invest too many different virtual currencies. It takes a lot of time to manage and monitor the value which profit is less.
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sepeda karat
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June 08, 2018, 02:15:04 PM |
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investing with low risk capability, one must research and get all the knowledge available to use it for future reference.
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supergorg27
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June 08, 2018, 02:48:36 PM |
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This is good explanation and could really be helpful for all bitcoin users, just continue to research and have more knowledge before investing in any project.
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AngelSky
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June 08, 2018, 03:04:49 PM |
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investing with low risk capability, one must research and get all the knowledge available to use it for future reference.
What you mean by low risk bro all the coins are really good to invest and make profit but you should check the risk factor all the time bro. If you invest on ICO projects you can make money so I want to say there are many opening but patience is the matter on any type of investment bro. If you want to invest for the future potential you could go with the ETH and NEO will be able to more profit.
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tanghere02
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June 08, 2018, 03:37:41 PM |
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investing with low risk capability, one must research and get all the knowledge available to use it for future reference.
What you mean by low risk bro all the coins are really good to invest and make profit but you should check the risk factor all the time bro. If you invest on ICO projects you can make money so I want to say there are many opening but patience is the matter on any type of investment bro. If you want to invest for the future potential you could go with the ETH and NEO will be able to more profit. I agree, although I disagree on all the coin are good to invest. I think not all are good for investment because there are no assurances in the world of crypto yet. The best thing anyone can do is basically invest on a coin you think can make you rich because you have done your research on this coin that might have huge potential in the future. Trust on that coin and continue to hodl until the market becomes stable.
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DMCR lah
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June 08, 2018, 03:47:41 PM |
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Investing in crypto is very interesting, but it should always be taken with caution. Crypto investment is highly volatile, meaning one can make big profits and big losses. But what is more interesting than financial gain is the development of technology.
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Inkdatar
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June 08, 2018, 03:58:37 PM |
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Investing in crypto is very interesting, but it should always be taken with caution. Crypto investment is highly volatile, meaning one can make big profits and big losses. But what is more interesting than financial gain is the development of technology.
This is why users should be careful in investing in crypto. It is not easy tasks to do just to earn profit in crypto and you should know that everything here is risks. Know the possible ways to earn with patient to hold.
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rosepetals
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Financial aid for users: https://bit.ly/2SMY8gi
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June 08, 2018, 04:08:24 PM |
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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.
You delivered with very good points of view mate.Investing in cryptocurrency is for everyone no matter what race you are or poor you are as long as you have the perseverance to make you investments grow.Those who invested in it should know its risk but there were cryptocurrencies thats cheaper than other coins but has the ability to make you rich one day.The change in every life of every individual is very crucial since this digital currencies existence can give us a chance to change our life.
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SectorZero
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June 08, 2018, 04:16:16 PM |
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Good article. When asked or told to me, " Friend I want to invest in bitcoin, help me." I'm sending a man straight to the stock market. To study graphs at least for the period of 20 years. See the reasons for the fall, why there was such an increase, what factors influenced and why there was a fall. Can a person adequately explain the causes of volatility himself. To read the stories of people who were enriched in the stock market or badly burned. To look at the result of the schedule of bitcoin and imagine how much you are ready to lose - give it to me and here you no longer have it - "do you hurt?" If a man says, "I'm not hurt," let's go. The input can be at any stage, just the right time - how much you're willing to wait. And a person who will help to cope with emotions.
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MrAntonius
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June 08, 2018, 04:39:32 PM |
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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.
Very interesting and good point of view. I also read a lot of books about the great investors of the last century. I want to add, in the last century, there were shares of the company that were undervalued. And now crypto currency, coins, ICO are the same shares that were before. In modern times, you need to study coins and invest your money in tokens, ICO and promising coins.
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Assface16678
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★Bitvest.io★ Play Plinko or Invest!
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June 08, 2018, 05:07:46 PM |
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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.
If you want big and faster profit in an investment you should probably choose from cryptocurrencies because they're good investment but you have to choose wisely because some cryptos just fall down in terms of value and never goes up. I guess this is the compensation for the price and profit cryptos give. My only advice in engaging one is knowing something about it and some techniques about bitcoin investing. This forum pretty much helps everyone.
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Findingnemo
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June 08, 2018, 05:15:43 PM |
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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.
If you want big and faster profit in an investment you should probably choose from cryptocurrencies because they're good investment but you have to choose wisely because some cryptos just fall down in terms of value and never goes up. I guess this is the compensation for the price and profit cryptos give. My only advice in engaging one is knowing something about it and some techniques about bitcoin investing. This forum pretty much helps everyone. Yes I also think like that some currencies are not rise up again because due to some reason it and they are not trustable so choose the best currency for investing with lots of effort and it will convert into profits later.
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