My Advice on Investing in Crypto

[roxbit]

I really appreciate your theory but I think the investment should be more practice from the small capital. Warren has been in contact with many clients and has tried many of the deals before opening his company. He sums up the experience by investing, not by theoretical learning.

There are lots of things to consider before making an investment in cryptocurrency. Take into account the team that created it. Research who all the key players are, what sorts of skills and backgrounds they bring to the table, and how long they’ve been immerse in the cryptocurrency market. At the moment, it seems like just about everyone wants to cash in on the success of giants like Bitcoin. To avoid falling into a trap like this, make sure the cryptocurrency you choose to invest in is backed by a solid team of professionals guided by a specific mission. Making a thorough research is the best thing to do in choosing the best ICO to invest in.

[cc80aa]

  crypto is not easy job its very difficult for those people they dont know about cryptocurrency.So for those people who try to invest be sure that you know everything read page to page about the project that you like to invest for check the roadmap.to prevent money loose.

[Epimetheus]

Investment in cryptocurrency is a  mixed thing means it can be sometime it can be profitable and sometime it is not a profitable deal. According to me cryptocurrency investment is a highly risky thing. If you want to invest in it you have to understand the market risk and profit about bitcoin at first. Bitcoin is mainly suitable for short term investment purposes because of its market price and less volatile and for long-term investment Ethereum is good because of its high market stability.

[lavara]

This kind of investment is very specific; you need to be very careful and study a lot before you start investing. Everything was good when in 2017 there was a constant and stable growth, everyone who bought and then after a short period sold liked to make money like that. Now the situation has changed and you need to carefully look and choose the direction. I do ico projects and find the best among all. Then I make an investment decision.

[stiffbud]

Although Investment in cryptocurrency is a profitable thing but it is risky too. Cryptocurrency investment has mixed review so far. Cryptocurrency are highly volatile and because of this nature investment in it is a quite risky. Bitcoin, Ethereum, Litecoin like cryptocurrency are good for investment. Many people like to use bitcoin investment because of its growing market price, which is unbeatable. And people like to invest litecoin too because of its high stability nature.

[ylnar123]

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.  

Nice article to give an advice to new investors. This will help investors not to hastily invest on cryptocurrency without proper guidance and informations.

[Cointoli]

Cryptocurrency is a new market so investing in this market implies a lot of risk that investors need to anticipate not to be too confused when entering this market. I believe the opportunities in this market are great and the investor can be successful, but really spend enough time and effort to achieve the desired result.

[DAVETUN]

An investment in cryptocurrency require an adequate knowledge about the ICO or existing token/ project you want to invest in, do not invest base  on unresearch news or base on an emotional attachment, ensure you invest  with an adequate an understanding about what the project is out to deliver, also do not be in a hurry to take profit.

[boyz97]

An investment in cryptocurrency require an adequate knowledge about the ICO or existing token/ project you want to invest in, do not invest base  on unresearch news or base on an emotional attachment, ensure you invest  with an adequate an understanding about what the project is out to deliver, also do not be in a hurry to take profit.

our knowledge about cryptocurrency could help to define which is good and bad projects.doing some research and observation make us understand , how is project will build.

[DisWhale]

Crypto investment is lucrative for the smart, hence it requires the readiness to study, analyse, and make good choices in crypto before an investor can make the best out of it. Patience is also very necessary in crypto investment as there are times when the market will go down.

[Helpme_please]

Crypto investment is lucrative for the smart, hence it requires the readiness to study, analyse, and make good choices in crypto before an investor can make the best out of it. Patience is also very necessary in crypto investment as there are times when the market will go down.

so the conclusion is about our skills and knowledge.its influence us in how to choose best coins or ico projects.and we should have to controll our emotion and psychology when facing bloody market.

[kumala_abi]

Crypto investment is lucrative for the smart, hence it requires the readiness to study, analyse, and make good choices in crypto before an investor can make the best out of it. Patience is also very necessary in crypto investment as there are times when the market will go down.

so the conclusion is about our skills and knowledge.its influence us in how to choose best coins or ico projects.and we should have to controll our emotion and psychology when facing bloody market.

so that is bes advice for us.skill and knowledge should have to traineed before we joining in cryptocurrency market if we want to earn profit and suffering loss.

[Gabali126]

You have really hit the nail on the head with every explanation you have given here. Goal setting to me, is the most important point here. You should decide on what you truly want to do so that you don't chicken out early.

[PlusOne88]

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.
 

It is really exciting indeed. But considering how many people had been murmuring about loses I think it is just as well the opposite. Volatility strikes anytime and no matter how careful you are you can still be in big trouble sometimes. Loses are part of cryptocurrency investments as this is more like a gamble. You cannot win unless you have to spend some for it. It is hard to find the right company not unless probably if you have an idea or a first hand information about it. Better not be in a hurry always and find sometime to think over actions when investing on cryptocurrency.

[oludare1]

I may not have had a wealth of experience when it comes to crypto investment. However, I know some things are very important before putting your money into crypto:

(1). All investment is all about taking risks, so crypto investment.  If you are afraid of taking risks, you might probably not have any investment in life.  So be ready to take some risks.

(2). Decide how much to invest in crypto - at a start, my advice is that "invest only the amount you are willing to lose" so that you won't be easily discouraged.

(3). Which kind of crypto you are interested in - as the determination of amount
you are willing to invest is important, so also the kind of crypto you want to invest in.  It is important to understand the fundamentals of a digital asset as this can play a major role in the level of risk involved.
It is also important to know how a coin or Initial Coin Offering (ICO) functions.

Also look at:
   =>  The purpose of the crypto you are interested in
   =>  How long it has been in the market
   =>  Its market capitalization
   =>  Its underlying tech solutions

NOTE: Cryptocurrencies that solve problems are less likely to fail than those that are essentially ICOs.
Also, the longer a cryptocurrency has been in the market, the more trusted it is.

(4).  Decide whether to go on a short or long term investment. This will help to determine the amount you want to invest.  But for a start, my advice is that do it 50/50 that, invest 50% of the mount on long term and the remaining 50% on short term.  This will enable you to gain some insights about which one that pays you.  It will also help to spread the risks across, so that you won't be putting your whole eggs in one basket.

NOTE: If your plan is to trade regularly (short term/very short term trade), then you need to do a lot of research and understand a lot of things about market trend.  Crypto market statistics matters a lot.

(5).  Have a strong trust in crypto you want to invest in.  With a strong belief or trust in something, it won't be difficult investing in such thing.

(6).  Take a look at the major crypto players so far - in any field, learning from the knowledge of predecessors can never hurt, but it can help.  Crypto investment is no exception.  I must tell you "everybody needs somebody"
The crypto market is so volatile and a small mistake could be detrimental.  If you know a trustworthy someone that has gone ahead in crypto biz, don't hesitate to consult such a person and I also want to recommend the 'Trading Discussion' under Economics board of this forum to you for proper guidance.

[MTNAX]

We must have knowledge before starting to invest crypto, if we lack insight, we will be faced with a high risk of investing. One example is losing our coins. We must not carelessly invest in crypto and we must be more careful when we sell our coins so we don't lose big. So we have to learn more and more in the crypto world so that we can achieve success.

[Zackgeno96]

Before investing, make a thorough investigation in the coin you are investing in and do observe the coin's statistics for atleast one year. Also, try investing in the top 10 coins as they are the least risky coins and are no longer considered under a financial bubble which can burst.
You can consider Ethereum, Bitcoin, Litecoin for your portfolio as these coins are well accepted in the financial market and have great prospects for the future.

[SkyFlakes]

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.

I agree with this. I love the whole argument as it makes me understand this topic.It is indeed that most people who engage with cryptocurrency were not that knowledgeable enough so they end up being scammed. Thus, it is essential to be aware about this. We should take advantage of this innovation and don't let it harm us in any way it could be. Being wise should what we all possessed.

[jameswell]

Investing is a very personal thing and it has to be planned carefully according to everyone's situation.
In terms of crypto investment, the only coin that I see long-term value is still the Bitcoin, because of its consensus.
The consensus is much more important than the technology that other ALTcoins claimed to have, since all cryptos are open sourced and it is not difficult to integrate those features to the Bitcoin if the community sees it is necessary.

[cahbagus555]

Before investing, make a thorough investigation in the coin you are investing in and do observe the coin's statistics for atleast one year. Also, try investing in the top 10 coins as they are the least risky coins and are no longer considered under a financial bubble which can burst.
You can consider Ethereum, Bitcoin, Litecoin for your portfolio as these coins are well accepted in the financial market and have great prospects for the future.

Its true that we should make investigation or research before we make investment in some of coin. Invest on big liquidity coin is one safest way because have big transaction in market. But i think, the best crypto is bitcoin, ethereum because both coin dominating more than 60% market cap value