Five important advices in cryptocurrencies investing !

[kisfoxs]

Everything you say for investors is true and this is indeed the basic knowledge that all investors must have. This is basic knowledge but investors sometimes forget this basis. They panic more often when the coin price drops. So you have to be patient and use a good strategy will give you an advantage.

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[ansarose1]

This thread is beneficial and i think its good for the newbies in investing crypto. It is pretty sure that upon investing it is better to buy coins that is in a low price, because when it pumps up you gotta have more profit to earn. And most important if we are planning to invest, we should study and research the coin we are going to buy, if it has the good quality or good for long term investment.

[tabas]

These are all basic knowledge that every cryptocurerncy investor should know but i think there is one more thing that i can add. Due to the high volatile crypto market it is advisable to invest into a cryptocurrency that has an ecosystem which uses the token as a utility to help regulate the value of the cryptocurrency from dumping.

Can you give example of those utility tokens that you prefer? I know few but you should your suggestion with an existing coin of your choice. It's a good advice you got there because that what tokens/altcoins created for, to be used by the people in different ways that it can.

[siena23]

A good tip, investing in crypto is the key to patience and must be able to fight lust. And must be able to avoid panic. I also panicked and even suffered heavy losses.

[pelumi20]

This is a very good post and I agree with you on the points you made. The first thing to do while investing in any coins or altcoins is to do a proper research before you FOMO into it. It is the proper research that will enlighten you on the other factors that you need to consider, factors like the price, exchange, working prototype or product, the all time high, the roadmap and team commitment, etc. And you should also not try to avoid the mistake of investing all your money in one project, learn to diversify.

[labilaab]

Nice heads up. Thanks for the tips. Its really true. If I rate my luck this year in investment out of 10 then it will be 4.Im so poor in right scalping and price predictions.Hoping to be lucky next time.