What is the best advice for anyone investing in cryptocurrency?

[hitrawal91]

Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!

The best advice for the beginners who are investing here in this crypto market is that always do proper research before analyzing and coming to the point. I would also like to add that here in this crypto market everyone can make money but for that, you need to practice harder and you need to understand and apply the pro trading skills in your Methodology. I personally practice the trading for 2 years before going for live trading and after that, I came to live trading world.

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[Febo]

Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!

Most important advice is to keep your coins safe, by securing well your private key.     If your coins get stolen it doesn't matter how good research and investment you did.

[hs84]

10 quick points I can think of:

1. Understand the entire market, existing projects etc
2. Don't follow hype, always trust your judgement on a project rather than some one elses
3. Always research the team, roadmap and claims being made
4. Don't get greedy, lots of decent increases are much more achievable than high optimism for 10x on 1 coin
5. Understand support levels, buying at a low gives you a lot more safety than buying mid pump
6. Learn some basic TA, if a coin appears over bought it usually is, if a coin is holding stable and under bought it's a safer bet
7. Follow the news on a project but be careful, many buy at signs of news and sell on or prior to the day of an event
8. Watch out for Bitcoin corrections, alts always follow, I prefer to sell back to BTC and buy at the dip when this happens
9. Always focus on SAT value over dollar value, if BTC pumps 10% and your SAT value goes down 5%, dollar value will still appear as profit, goal is to increase BTC holdings through increased SAT gains
10. Be realistic and understand price in relation to market cap and circulating supply, huge supply with a huge cap can appear "cheap" while a coin with a smaller supply and a low cap can appear more expensive, the market cap is your better indicator of room for growth.

Great overview.
on the point.
thats why i love this forum so much!!

[deadthings]

The best solution is to combine profit and knowledge into one thing. If you are newbie you should start to increase your rank to minimum jr. member because it is required to attach to any bounty campaign where you can get money and big knowledge

[doomloop]

Well, i have seeing different opinions by so many people here already and the only thing you need do is to compare different opinions here with the one you have studied so far and make your decision on what to do and what not to do.

Best advice for anyone who intends to join the crypto family is to study a lot about the technologies. Having good understanding about the crypto is the first eligibility. One needs to have market knowledge and being in touch with someone who is already in the market will be more than good for they can give you good exposure and reliable information about how to trade. Patience when the market is red. Having basic knowledge about of economics and finance for successful trading. Initially one should just get a glimpse of the market by which I mean one should not invest all his savings in the start.

[krisnajsadrak]

Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!

learn deep about how the cryptocurrency work
and the tech behind this crypto that called blockchain,
so, the newcomers know the basic knowledge of cryptocurrency

[TheCrimsonFucker]

There is a lot of advice here in this topic and in the forum in general, but the best advice I can write here is do not get too attached to gains and losses where we know that in the end there is a correction or appreciation. I can not remember where I read a comment here in the forum but he mentions the following: Year after year crypto will always grow and value.

[kiw_91]

Great returns / profit comes with great risk and cryptocurrency is a very high risk investment. The risk but the risk can still be mitigated and reduce if you research and study before making any decision. The volatility if the market makes it very susceptible to price and market manipulation. Soo always research and ask questions before making any decision. Do not fall for scams such as Pump n Dump. And always ensure to invest in money that you are willing to lose. Do not put all your life savings in it.

[cutiemolit]

Great returns / profit comes with great risk and cryptocurrency is a very high risk investment. The risk but the risk can still be mitigated and reduce if you research and study before making any decision. The volatility if the market makes it very susceptible to price and market manipulation. Soo always research and ask questions before making any decision. Do not fall for scams such as Pump n Dump. And always ensure to invest in money that you are willing to lose. Do not put all your life savings in it.

I really believe to gain profit you need to do risky thing to gain more. But here in Bitcoin it is really all worth it. You need also a courageous heart in order to survive the ups and downs of price. It is normal that we experience this because we're talking about currency. Learn how to hold coins during those drops to gain more in the end. Never panic and be optimistic.

[nemagia]

Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!

Do not be afraid of risks and various messages, but follow your strategy and cleverly act in the most difficult situations. And for your work will necessarily come a good profit.

[koloNikolo]

1. If you want to do it yourself - you have to make "your mistakes"
2. Be patient
3. Make order with the amount you don't afraid to lose. Completely. To "0"
4. Following news, conversations, forums, insights
5. And start to study technical part of crypto

[skorupi17]

Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!

1. Do not expect a huge profit. Cryptocurrency is unpredictable so the lower you expect, the less pain you'll feel if you lost.
2. Do not go all in. Due to unpredictability, going all in is a suicide attempt.
3. Read and research. Do not get victimize by scams and FUDs. Believe in facts, not in opinions.
4. Do not invest unless you are very sure about that coin or token.
5. Don't be stupid.

well i do not agree with some of this;
1.As an Investor i am expecting a huge sum of profit because i am investing my money into a long term unlike trader(investing and trading are different)
4.Do not invest if you can not afford to lose it,many project who has an existing product turned scam,right ? so even if you are sure about it,always know your bottom line.
5.Nobody stupid i believe but instead be smart and do not be lazy.
in conclusion,
if you want to start your journey in cryptosphere the first thing that you need to know is your bottom line,how much you can afford to lose and how can you recover it if you are losing it.
doing a research is your way to start it and never believe what other people says until you find it out by yourself.

I have counter argument on your arguments.

1. It is wrong to expect high profit when you are just starting. This mindset might lead to catastrophic loss. Yes it is wonderful to have a huge sum of profit when you invest, however, waiting too much could lead to a loss of opportunity. Set a target bracket of profit. Do not be greedy.
4. Yes, do not invest money if you cannot afford to lose that amount of money. I should've added this above but it seems it skipped my mind. I believe that this is backed by #2 and #3.
5. Oh c'mon. There are stupid people when it comes to money investment. That's why there are people whining about their loss when in fact it is mostly their fault.

[gudvin1988783]

The tips are the same as with any finances. We need to study, analyze, and read a lot of news in this area. Do not trust bloggers and reviewers, trust only yourself.

[jeda2000]

The best advice for a crypto money market is that you should not invest in a crypto money without doing enough research. The ups and downs in the market will surely be. Another important point is that you have to enter the market from the right place for investment. It will not be a good move to invest in a crypto dollar that has won the Ascension and has been pumped.

[Kulllianll]

You have to start with a small amount, trade for 2 months, make a lot of mistakes and then you can start to increase the amount.

[tabas]

First rule, don't panic. Everything you may read in the web can be real or not but it's better not to trust those negative news and don't get overhype with positive news. It's better to remain calm and neutral all the time.
Before investing to different coins, research it and invest with due diligence. It's not like after you buy those coins, you'll become rich instantly, no!

[Images21]

Hello guys I like to us to share our views on the best advise for someone that is just starting crypto currency! !!

All right, this seems to be very broad. I guess you will have to start somewhere basic. You need to know the real idea and philosophy behind cryptocurrency. You need to read informative materials or watch videos about cryptocurrency and understand their contents. When you have done enough of this, you can easily start investing on it. Everything will go smoothly from that point onward. 

[chalkboard17]

You have to start with a small amount, trade for 2 months, make a lot of mistakes and then you can start to increase the amount.

Trading is not a good advice for anyone investing in cryptocurrency. I suggest you should choose a good coin and start holding it. Holding is the best way for anyone who first join the cryptocurrency world without any knowledge or information

[chris200x9]

You have to start with a small amount, trade for 2 months, make a lot of mistakes and then you can start to increase the amount.

Trading is not a good advice for anyone investing in cryptocurrency. I suggest you should choose a good coin and start holding it. Holding is the best way for anyone who first join the cryptocurrency world without any knowledge or information

Yup for beginners trading is tough job first they want to learn which coins are best for trading, to know this first they must buy some coins and hold it for sometimes here they will learn how to pick right coins to trade.

Once they get confidence then they can start trading but the initial stage every one will make mistakes it's common, try to not repeat that same mistake again then you will become a good trader.

[ilnick]

Above it was said in various posts.
My view of this is this:
understand that this is a game in a very volatile market;
learn yourself and not look for ready-made advice on what to buy;
buy only what you clearly understand.