My Advice on Investing in Crypto

[ValerieBTC]

Overall it's a great advice for investing purpose but if we talk about crypto trading, it's far more risky than ordinary trading ( stock exchange )
As we know bitcoin value can change almost 50% in a week that will make whale trader gone crazy because they are experience major loss !

Since I've commit myself to be a pure investor, I try to stay calm and stay hold no matter what will happen on bitcoin

For me crypto investment is the best place for your extra money. Remember I am not talking about your regular income; I am talking about extra money, because crypto investment is not for short time and you will have to wait for long time if you want to make huge profits against your investment. Invest your extra money so that you will not need to sell your holdings in the time of need for money.

[mkhadazz]

preferably when before investing better these new players read how profits and how bitcoin works so it can make you a fortune when investing in bitcoin. because at this time many new people who do not really understand that.

[canadinhano]

I also have no words to recommend you sincerely, but the most important thing you should have is patience, if patience holds you will profit from your pennies.

[napi]

my advice for investing in the world of cryptocurrency should you read first how the benefits and after that you understand the risks that will occur when investing in the world of crypotcurrency.

[gambitcoin53]

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.  

worth of a merit, if i have some, i would definitely give this thread, some insights are new to me, most of the details are worthy of helping beginners and even the old timer in trading, good analysis and good job. a detailed version of the famous line here in this forum, invest only money that you can afford to lose. this will be a very good pointers for someone who is planning to venture in cryptocurrency or any kind of investments. nice thread here op.

[HSRP]

Overall it's a great advice for investing purpose but if we talk about crypto trading, it's far more risky than ordinary trading ( stock exchange )
As we know bitcoin value can change almost 50% in a week that will make whale trader gone crazy because they are experience major loss !

Since I've commit myself to be a pure investor, I try to stay calm and stay hold no matter what will happen on bitcoin

For me crypto investment is the best place for your extra money. Remember I am not talking about your regular income; I am talking about extra money, because crypto investment is not for short time and you will have to wait for long time if you want to make huge profits against your investment. Invest your extra money so that you will not need to sell your holdings in the time of need for money.

I advise new investors should have proper investment strategy when deciding to invest in this market. The investment strategy will help you to have a clear orientation about your investment objectives as well as your alternatives in case of volatile market conditions. Always consider before deciding to invest in any project.

[Apple Mac]

The explanation is very good, this can be a science for me a beginner, now Cryptocurrency attracts everyone, investing in bitcoin is a lot of talking about everyone nowadays because the price sometimes shocks people.

I agree with you. I think everyone wants to be successful in a very safe way, and I think knowing first whats within this platform is actually a good thing, cause you are familiarizing the idea and concept of this platform regarding investing and we dont want to have a failed results,  we arr aiming to havr a desirable outcome as easy as possible as we can, and I guess working smart should be done.

[webdevmastery]

Hi pals, if you really want to Invest into cryptocurrency, then you cant do away with risk taking. For the past two years, I invested in one altcoin and i became totally broke since the price dipped and never rose again up till now. It is all about taking risk and know what to invest in and what you want at the end. 

There will be always a risk everytime you are going to invest on cryptocurrency but just imagine the profit that you will be getting, always try to look at the statistics of the market before investing in order to determine if you will be gaining profit or not.

[eyesninja21]

People had in mind that investing is a totally profitable as far as i know investing is like gambling its risky so before you invest be sure that its a quality project to avoid losing your money dont expect too much just wait for the outcome if its good or bad.

Don’t expect too much from your crypto investment and don’t throw your lifetime savings on it. Just invest some money, play the game and be ready to lose it all in the worst case. Crypto is still a whole new world, so be open to it and don’t treat it as your other investments. Try to dig a bit into it, enjoy trading, and have fun.

Remember, even sometimes lose money when investing in crypto. People who earned a fortune on Bitcoin and other stuff are usually the ones who started early, who very well understood the crypto world and even influenced the market trends to an extent.

With your cash position, you start buying in again, and so the circle goes. The presented strategic elements are designed to remove as much psychological biases as possible from investing and trading. However, the most important premise for the strategy is to thoroughly research everything you put a single dime in.

[The_Dark_Knight]

Thanks for your advice, but now there are quite a few people who give up crypto because they are too risky, their capital loss ability is high. However, many people understand the business and make a profit from it.

Those that are giving up right now are people that should not have invested in cryptocurrencies at all, they invested thinking they were going to make some easy money in some weeks or months and now if they are lucky they will need to hold for years to get their money back, let this be a lesson for all of them, do not invest in something you do not understand, if you do, making money in this market is possible.

It's just a lesson for the investors who get in the hype last December to not just be easily be persuaded to invest in something that is very risky especially if it is money they cannot afford to lose. As far as I know, many credit card companies suspend their services to the people who use it to purchase crypto because many wasn't able to pay off what they borrowed last December so it is a lost for those companies already. Just research first on where your money would go and do not think that crypto is a get rich quick scheme because more likely you will end up losing more believing in those HYIPs.

The example you give illustrates why those people should not get in the market of cryptocurrencies anytime soon and why they should probably never get in any other market ever again, they invested money they could not afford to lose because they borrowed that money and instead of receiving a low interest rate loan similar to what you could receive in a mortgage they used credit cards one of the most expensive loans you can receive.

[jonatuzc]

My %100 advice to people who will start new is to "earn" as much crypto as possible. Yes you can invest in it too but do whatever you can do, do logos, write code, share digital stuff sell products. Whatever you are capable of doing, do that and "earn" as much crypto as possible and with that you will be amongst the users who talk about big amounts.

If you want to just invest your money will dry up eventually, you can't invest forever. However you can work as much as you can, your talents won't run out.

[YNAGS Team]

It is the hard and painful moment for me, because my parents taught me from my childhood, that you work hard - you gain profit. This is hard to force yourself to think different.

[weblouartisan]

Hi pals, if you really want to Invest into cryptocurrency, then you cant do away with risk taking. For the past two years, I invested in one altcoin and i became totally broke since the price dipped and never rose again up till now. It is all about taking risk and know what to invest in and what you want at the end. 

My advice on investing in cryptocurrency, always study the situation in the market and read different speculations to determine if the coin you are interested to purchase is worth of your capital.

[lynlyn]

Investing on crypto is not just putting your money and it will automatic grow in the market. It has involve a lot of effort, determined to earn in crypto industry. You have to search all throughout the best profit since this is very risks thing to do.

Yes I agree with you. I'm not expert in this industry but my advice is do not be scared to take a risk. Do your bedt and be wise. You should have also enough information about crypto. And lastly, always monitor you account frequently.

[supercanada1]

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.  

worth of a merit, if i have some, i would definitely give this thread, some insights are new to me, most of the details are worthy of helping beginners and even the old timer in trading, good analysis and good job. a detailed version of the famous line here in this forum, invest only money that you can afford to lose. this will be a very good pointers for someone who is planning to venture in cryptocurrency or any kind of investments. nice thread here op.

Yea it is good to make proper investigation before you go for investing your money it will be good I you will know about the advantages and disadvantages of bitcoin well before going to invest your money, no need to be worry it has volatile nature so if the price will be down don’t worry have patience it will be high once again, patience is the key of success for all bitcoin users, because price will rise and fall you will have to buy low and sell high.

[udonmez]

Only thing I know that we need to invest the money we do not need. I do not believe day trading.

[DAVETUN]

Ensure you invest in project that has a working product, Do not invest base on space hype or ICO review, invest base on your knowledge and understanding about the project, and what they are out to offer in the cryptocurrency space that will ensure they are relevant to the space in order to get the best value for you investment

[Wayan_Pedjeng]

Pretty good post. Crypto does appeal to people who don't have a lot of money to invest. It is the beginning of a brand new type of currency and we are just getting in on it. Most people don't even understand how it works yet or think that it's a scam. Although, honestly, a lot of people think that about foreign exchange and the stock market too. The delayed gratification necessary to lay out your money for crypto instead of toys and gadgets will pay off.

Cryptocurrencies appeal to everyone not only to those that do not have money, now more and more institutional investors are putting their money in bitcoin and this is not really surprising they can get more profits in bitcoin in a single year than what they will get in many years or even decades in the traditional markets so bitcoin as you can see not only appeals to those that do not have a lot of money but to those who are rich as well.

Institutional investors prefer investing in ETFs rather than directly dealing with the crypto-currency (mostly due to issues such as taxation and legality). But the problem is that the SEC has blocked all the proposals for a Bitcoin ETF.

[Valer4ik]

Financial regulators plan to simplify the rules for crypto-currency assets in accordance with the policy initiated by the G20 countries to create uniform rules

[pallang]

Investing in crypto is not just invest your money because it is a risk investing in Bitcoin you must study or do some research about the project the people behind the project to avoid the lossing your money because done project are only scam so be wise to choose what project you want to invest with.