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dabenko (OP)
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September 27, 2018, 10:34:35 AM
 #1

Every career or achievement in life has its ladder. A friend once told me that i should not assume i know everything and rush into things, because i see others do it. Crypto is stepwise, start little and gradually move your way up.
Most especially in investing into crypto, starting huge might cost you a big mistake that might be irreparable.
So start out small and work your way up.
What is your opinion?
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Hivalley
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September 27, 2018, 12:46:54 PM
 #2

It's impossible to get born today,start crawling,standing and walking in the same day,it takes time,and it's a gradual process..
  Most crypto enthusiast want to earn from the first day,it doesnt work that way, you need to learn the ropes,read and learn,then you can impact others with your knowledge;thats how it ought to be
 
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September 27, 2018, 01:01:38 PM
 #3

Every career or achievement in life has its ladder. A friend once told me that i should not assume i know everything and rush into things, because i see others do it. Crypto is stepwise, start little and gradually move your way up.
Most especially in investing into crypto, starting huge might cost you a big mistake that might be irreparable.
So start out small and work your way up.
What is your opinion?

I wouldn't define life as a pyramid, i would say it's more like a Fortune Wheel, some times we have it all and we are on top, and sometimes we have to start from zero, and that is what make life entertained. Would be boring if it was like a pyramid because ones you reach the last step, then would be a game over.

But yeah, once we start from zero isn't easy to work our way up, is a daily fight until we reach our goals. So let's keep fighting day by day!

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September 27, 2018, 01:10:21 PM
 #4

There's no problem if you will start investing with huge money in crypto's as long as you understand the risk and you are good managing that risk. What's wrong is that money you are investing isn't really affordable to lose and you just put the money and only think that your money will grow without knowing what you are investing.

So start out small and work your way up.
Yes, slowly but surely.



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Rainbot
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October 01, 2018, 09:56:30 PM
 #5

It is hard to move slowly, you simply move at the pace at which crypto is developing. During a bull run you need to move quickly to take advantage of the situation. Right now, just go slow and accumulate as much as you can, this is what bear markets are for
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October 01, 2018, 11:54:39 PM
 #6

I think in order to lessen the risks in investing in crypto is to accumulate knowledge as much as you can.  Not just in researching and reading but also in participating in discussions and experience things for yourself.

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October 02, 2018, 01:13:01 AM
 #7

Most of the time, you should go with the flow, but it doesn't mean you should always stay at your safe zone. You should always try, whether you fail or success, in the end, your "experience" is enough as a gain if you didn't success on what you've tried.

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October 02, 2018, 01:15:54 AM
 #8

So start out small and work your way up.
What is your opinion?

Sell everything and invest in projects you believe in.
I asked my relative who did a lot of bad things to me and our family as a whole to do exactly this - sell our flat that was vacant [we were living overseas] and invest 1/4 money in BTC, XMR, ETH and some shitcoin. Of course their answer was NO. Now we have nothing, no, sorry, we have our flat - we are living in conditions equal or worse than homeless shelters offer  Angry.

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October 02, 2018, 04:45:02 AM
 #9

For me life is like a wheel! sometimes you're on top, sometimes you're on the bottom.  So wherever life takes you to, be always prepared, be tough! Just like the crypto, we'll never know where they get into, so always be aware on the market
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October 02, 2018, 03:33:09 PM
 #10

Investment in Crypto currencies should always be done based on your own appetite for risk in your portfolio. If you already

invested into low risk investments and you feel comfortable with experimentation in high risk investments, then Bitcoin is for

you. Learn the basics about the technology and slowly ease yourself into it, with a small investment at first and then some

more as you get used to the basic concept. (Wallet management / Trading / Securing your coins etc.)   Wink

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October 05, 2018, 08:22:15 PM
 #11

Invest slow to being with, some newbies might decide that one coin like ethereum is amazing and go all in, then discover that it doesn't pump as much as ethereum classic. Do small investments then scale up when you become more experienced

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October 05, 2018, 10:20:28 PM
 #12

I don't agree with you OP. I didn't know a thing about cryptocurrencies and decided to read about them and invest in 2017. It proved to be a great choice and I very quickly went from small to huge value. In short, in 2017 I had enough money to buy a cheap used car and a year later I had enough to buy an apartment. To me it was a sudden huge step. I know people who became very rich in short time and didn't need to climb any ladders to do so.
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October 05, 2018, 11:02:51 PM
 #13

I'm not ready to say that life is a pyramid. I think our life is a test. As a result of which we become strong and wise. What makes us different from animals ? Mind. We are able to see and do the impossible. Cryptocurrency made people believe that it is the currency of the future. Of course we should not pass by. We have to invest in ourselves by buying bitcoins and some altcoins.
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October 06, 2018, 02:12:13 AM
 #14

So start out small and work your way up.
What is your opinion?

Sell everything and invest in projects you believe in.
I asked my relative who did a lot of bad things to me and our family as a whole to do exactly this - sell our flat that was vacant [we were living overseas] and invest 1/4 money in BTC, XMR, ETH and some shitcoin. Of course their answer was NO. Now we have nothing, no, sorry, we have our flat - we are living in conditions equal or worse than homeless shelters offer  Angry.

You know it's also hard to sell everything and make all in to cryptos since it's volatile, and you can't blame your family for not doing so as they didn't know what exactly is this. It's better if you suggest to put a small business so it can add up to your daily income.

Don't fully depend on cryptos, do some real job.

Happy Coding Life Smiley
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October 06, 2018, 05:06:36 PM
 #15

Quote
Don't fully depend on cryptos, do some real job.

Agreed. With real job you have a stable money income regardless of the market`s condition.
Consider Crypto your second half-time job or as a hobby that you can invest your main income into.
For that matter, I`d keep some portion of my fiat income just in case - if the economy of your country is stable, this is a good back-up plan.
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October 06, 2018, 06:21:17 PM
 #16

Yes, this is the website where patience is the key to success. One need patience and right guidance to succeed in this forum. Because if you become greedy you will lose a great amount I believe. Invest small first and learn gradually how things work. We need to take baby steps.
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October 16, 2018, 09:57:55 PM
 #17

Don't fully depend on cryptos, do some real job.

Agreed. With real job you have a stable money income regardless of the market`s condition.
Consider Crypto your second half-time job or as a hobby that you can invest your main income into.
For that matter, I`d keep some portion of my fiat income just in case - if the economy of your country is stable, this is a good back-up plan.

It's not that easy as I have serious health issues and even simple activities are difficult for me - here's my topic on that matter: https://bitcointalk.org/index.php?topic=5047033
And that's only part of my problems, maybe someday I'll make a movie about my life  Shocked

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