My Advice on Investing in Crypto

[patarfweefwee]

Thise are really sound advise and i really will use it. But the one thing I'll always stick to is this: invest what you're willing to lose. I myself trade in hifh risk coins: obes that have a very low price that just survived their ICO. Then i jist wait for it to spike and read in it if i will pull out or invest more. I works for me but it takes alot of studying.

[micleeiu398]

the most important thing in investing in crypto is, buy and hold. because crypto fluctuations do not allow us to get profit quickly and stably. patience in waiting for prices to rise higher becomes very important.

Fluctuation will always happen and bitcoin and crypto are most volatile so one need to have patience and buy and hold it unless they require money urgently then they can sell it. Also if you cannot hold ideally one should not enter this trade.

Indeed, that is the way of crypto currencies. They possess the most volatile nature. Fluctuations rather abrupt changes is what these coins are famous for. Besides, if we consider the mother of these coins, it is the most volatile one in true senses. Bitcoin can surprise investors when they expect the least. It does not need to issue any sort of alert before making a move.

[JPage]

This thoughts of your are really interesting and wise, but many people I know are trying to get fast richness and fast profit from cryptocurrency, so they are not considering it as a building of long term money wealth.

[Andrew S]

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.  

I will take your advice, but I will rely more on my intuition.

[LigwagGanern]

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.  

My advice on investing money in crypto is make sure that you really know what crypto will you choose to invest. Make sure that you know how to use that crypto and what digital wallet you will use to hold or to keep you crypto currency. Make sure that you are the only onw who know your password in yiur digital wallet, so that it is safe from the hackers or bad people.

[budiarmed]

Crypto is a very profitable investment but has a very large risk. And to get profit, doing research before buying is the first step to avoid risk, and then you must have the patience to wait for the benefits to be gained.

[jake zyrus]

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.

Investing our money in cryptocurrency are good choice cause it is profitable but we need knowledge on how it works in the market. It's better to choose long term investment cause your investment here it will be grow in high profitable income than short term investment

[felicity06]

You know hat this article can become a guide to those who are just beggining in investing...  We all know that investing is really profitable especially if you handle it well and great... But still the main problem of this is it is truly risky...  Of you are just a begginer in investing well you are a very brave person...  We should involve in this work if we truly have a wider knowledge because if not better learn first than trt it...

[Pattart]

This is really a helpful thing when some advice can help an individual to have some insights in investing and how to manage their profits and gains, some people are looking for some good advices but the truth is that, the best lessons will come after the failure you will going to and it will teach you some lessons that you can use in your future references.

The most valuable lesson is from experience, that's what I know, you can learn from the advice of others people but you also need to practice it so that you have a wider experience, that experience will make you know what you have to do and choose, not a problem get loss in trade, make it as a lesson and experience..

[diego ramos]

Very good explanation by the original poster. I was thinking bounty was not a form of investment and as we do call it, it is free money but I have now known that our time is money so we invest time when we do bounties

[yvesp110]

This is really a helpful thing when some advice can help an individual to have some insights in investing and how to manage their profits and gains, some people are looking for some good advices but the truth is that, the best lessons will come after the failure you will going to and it will teach you some lessons that you can use in your future references.

The most valuable lesson is from experience, that's what I know, you can learn from the advice of others people but you also need to practice it so that you have a wider experience, that experience will make you know what you have to do and choose, not a problem get loss in trade, make it as a lesson and experience..

Yeah nothing is a good teacher but experience so try to learn from experience and wait for good result, it will be good to have care and before investing try to share the experience of all those who lose and who won, patience is the best way to get rewarded just like try to have patience if you see the price is reducing and try to hold it, waiting for right time, always invest on red and sell on green it will open gate of success for you.

[South Park]

the most important thing in investing in crypto is, buy and hold. because crypto fluctuations do not allow us to get profit quickly and stably. patience in waiting for prices to rise higher becomes very important.

The volatility of bitcoin does in fact allow you to get profits but what it happens is that is not easy and only a handful of persons have the ability to do it, but the big problem is that for every person that has the skill there are 10 that do not and they become losers, I know I do not have the talent so I prefer to hold for the long term and by following that simple strategy you can earn more money than most traders.

[Rastafarian]

If you can't take risk,then there is no need to invest in cryptocurrencies.Crypto is one way or the other like taking risk.You gain when the market price of coins you are investing in shoots and vice versa.Always good to invest in crypto than the other sources of investment.

[illnino]

Very good explanation by the original poster. I was thinking bounty was not a form of investment and as we do call it, it is free money but I have now known that our time is money so we invest time when we do bounties

The knowledge is needed everywhere, not only when you deal with the cryptocurrencies. I find that the crypto is the perfect investment and trading is a great business.

[biletskiy]

If you can't take risk,then there is no need to invest in cryptocurrencies.Crypto is one way or the other like taking risk.You gain when the market price of coins you are investing in shoots and vice versa.Always good to invest in crypto than the other sources of investment.

When you take risks, you use your chance to win and get a big sum of money. If you do not risk you lose this opportunity. I prefer investing in the cryptocurrencies as I can earn.

[Daniel91]

If you can't take risk,then there is no need to invest in cryptocurrencies.Crypto is one way or the other like taking risk.You gain when the market price of coins you are investing in shoots and vice versa.Always good to invest in crypto than the other sources of investment.

When you take risks, you use your chance to win and get a big sum of money. If you do not risk you lose this opportunity. I prefer investing in the cryptocurrencies as I can earn.

It's ok to take risk if you can afford to risk and loose your money.
If you invest money you can't afford to loose, money for scholarship, bills etc. than it's allays very bad idea.
I suggest to all young and inexperienced users to be smart and reasonable here.
There is no shortcuts to wealth.

[Nabilah97]

Everyone must have different suggestions, if you want to invest in coin cryptocurrency. Certain coin investments like Bitcoin, Ethereum, etc. Because there are coins number 1 and 2, but it's up to you too if you want to invest in other crypto coins, the point is you have to find out the coin.

[mornabo]

the most important thing in investing in crypto is, buy and hold. because crypto fluctuations do not allow us to get profit quickly and stably. patience in waiting for prices to rise higher becomes very important.

The volatility of bitcoin does in fact allow you to get profits but what it happens is that is not easy and only a handful of persons have the ability to do it, but the big problem is that for every person that has the skill there are 10 that do not and they become losers, I know I do not have the talent so I prefer to hold for the long term and by following that simple strategy you can earn more money than most traders.

I think holding is the easiest and safest way but if you want fast income and big income, then it's not a problem to do trade?
with a note that you have skills in trading, knowledge about crypto, and extensive experience in trading

[Finnong]

Good points to consider: - read and study about crypto
                                    - ask those who are already in the realm f crypto
                                    - invest only what you can afford to lose
                                    - exercise the virtue of PATIENCE
                                    - please don't be greedy.
                                    - learn to share your blessings.

[Toraokun]

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.

I agree with this, some people just pay attention to people who already success in cryptocurrency without knowing what cryptocurrency is.

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!

Risk is commong thing you will get when you do investment, so knowing the risk from their investment place is first thing they should do before trusting their money in there.