What you need to know before investing in crypto

[Sumo]

It is necessary to study very carefully the currency that you are going to buy, to assess its prospects. It is best to communicate with other, more experienced investors and ask their advice, it will help you a lot.

[Chachacoin17]

A news from ABS-CBN, a Filipino Media and Entertainment Group.

MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.

Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.

What are your opinions?

If you want to invest in crypto you need to know, what is crypto and what type of crypto will you invest. There is so many crypto in the world and there is legit and scam digital currency. If you choose now what crypto you will invest, be sure that it is legit and many people know about that. So that if you have a question about your crypto, you can ask someone who know about that. Therefore you will be updated what happen to your crypto.

If you really want to invest in crypto you must have background about it so that you can avoid losing money. On the other hand, just collect more information about that crypto before you invest. Lastly, just be patient if you want to invest in crypto because being patient will help you to have huge income.

Indeed! You have to know what you are dealing with, being informed about the potential of cryptocurrency and not putting all assets in one class as it does not help protect capital from the volatile market or if one market is generating negative results. Think of long-term investment, short-term may not give your investments time to potentially grow. Investing is never easy, it's important to stay alert and avoid common investing mistakes, inorder to increase the potential for long-term investment growth.

[Pyr3x]

Read forums, communicate with people, read different articles about the coin, so you will have information about it and be able to assess the prospects.

[tomwell]

Crypto currency is a easy thing to understand. People just need to do research and gather knowledge before investing which will help them to do transactions in better way. People is quite new for this conception and I hope everything will go better in future.

[Chicksteen]

You need to know that the market is a volatile market,it can drop in price at any given time and also raise at any given time too,you also need to know your private key is a precious gold to you and it worth protecting it

Before investing in bitcoin, you should know how much it is currently priced, compared to yesterday, it increases or decreases and predicts how much they are and how much the price fluctuates, and You also need a separate wallet to store them. And the most important thing is to understand all the risks that must be faced. Do not just be affected by mass hysteria, because bitcoin becomes a pretty popular investment right now. It's not just about how much you invest, but about taking the right position to buy and sell. So, an analysis in reading the market chart is a very big influence.

[Naughty Princess]

We need to understand first what is the purpose of it, what the benefit we can get, what is the risk investing in crypto. Well the good thing about crypto is by having decentralized system which means no authority involve and because of having high volatility its like a double edge swords the faster we generate profit the faster we lose also but if you have the guts and want to become success you take all the risk.

Learn to evaluate the purpose of the crypto before investing because it is very risky to put your investment with little knowledge about it. You have to choose the coin which has high potential for growing and popular to the users because that crypto have huge demand which can make the price to increase.

[damrianto]

we should be able to figure out the process of rising currencies, we should be able to sell the currency and buy goods and services, trade with other parties, and join interesting conversations in social media about the world of krypto. this is trading in the form of unrealized currency but connected to thousands of computers globally.

[mobilestrike]

Yes there are so many scams right now in the crypto industry. I think before investing in bitcoin, one must learn the basic of btc, its blockchain process properly.

But the scammers are much professional nowadays as they get a perfect blockchain system (the coin etc) but when they collect money from people they escape with the money of investors. So better is that to search about each corner of the project. Reviewing the team members is important as if they escape away then you can file a case against them.

[voltagecrypto]

If you want to invest in crypto you should have some proper knoledge on crypto. You should learn to differentiate between the scam and other coins. Decide which alt you want to invest into carefully and afetr enough research on those. Trade sensibly and you will earn a lot.

[tisoysoy]

For me, before I start to Invest In cryptocurrency, I should do first search and gather Information,  so that I can determine which Is scam and good projects. And I should explore here In bitcoin forum to get more knowledgeable In cryptos, especially In bitcoin.

[PX-Z]

There are a lot of things that you need to know first before you start investing in cryptocurrency, like what is the real use of cryptocurrency, how it works and how to do with it. Because we all know that investing into crypto really takes a lot of risk that can cause of losing a lot of money to all investors who lack of knowledge about it. That's why we have to make a lot of research first before we start investing, to avoid of regretting later.

[Rj Manik]

Currencies fluctuate so much, that it makes sense to instead ‘trade’ them.You must be well equipped with trading skills to make a profit here or at least not lose.as it's the main intention.There is a lot of free good online material to get you started.you need to learn how to trade.

[kolitski]

Research first if that ICOs are you gonna investing is legit before you invest on it, investing is very risky anytime if you not be careful of doing some investment it will result  lossing your money anytime when you invest in crypto.

[tonyjon]

To invest in crypto, you need to divide your investment money into several parts. Invest only in coins from the top 20 coins, over time you will gain experience. And beware of scammers and untested ICO.

[andieoke]

Before you participate it is true you have to learn a lot about Cryptocurrency this, because if not I guarantee your money will be lost, and you will cry. study the coins in this Crytptocurrency, if you want to invest in a coin, you have to know what a good coin project is not in the future, if good you can invest there, but if you doubt you should not put your investment there.

[airdrophunter]

First things first! Have a research about the crypto that you are going to invest to because you are talking about money. Make sure that this crypto is backed by a very good team of developers and the concept of it must also be worth your money. As to crypto that is not listed in cryptomarkets yet (ICO), you must do the same thing again because scammers are just around in the corner.

[thya1]

Learn the basics of cryptocurrency first. Like what is crypto? what type of crypto would you invest? There is so much crypto in the world. And there are also many of them are scam. So now we have to know the basic and what type of crypto will be invested so that we do not lose money

[kirito1614]

It's critical to be cautious particularly when it includes cash. Not every one of that offers the brilliance of immense returns are valid and here and there these are simply traps produced using the to gues of connivers and con artists. What we have to build up is the way that before settling on any choice we would need to consider first and take a ton of data from a ton of respurces. We can ask individuals and that is the excellence of this discussion as it is a network weher we can share such things.

[Moblie_Legend]

A news from ABS-CBN, a Filipino Media and Entertainment Group.

MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.

Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.

What are your opinions?

what I need to know is the risks and weaknesses of investment with bitcoin, it is most important if the investment occurs the problem I think we can already understand it and for me the big risk it is to get a big profit in investment

[kcirnhoj15]

A news from ABS-CBN, a Filipino Media and Entertainment Group.

MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.

Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.

What are your opinions?

You're right ! A lot of investor are becoming scammed because they don't know and understand every role of cryptocurrencies. But, if we have knowledge about it - we can avoid being scammed. And at the rest, we need to study first the role and goal of crypto you want to invest to avoid the losses.