How to survive cryptocurrency

[goaldigger]

Cryptocurrency is really a stressful market so here's the list that can help us specially newbie.


G  ive yourself time to research things about cryptocurrency at first.
I  dentify your funds whether its for investment or expenses.
V alue all of the things you read in this forum because it really helps.
E  very coin has a potential but start investing on safe and top coins.

M indset is really important to survive. Make sure you have a strong one.
E vey mistakes are counted as experience so do not be afraid to try again.
R ready yourself on the possible losses so invest what you can afford to lose.
I ts hard to catch up at first but you will get familiarized with it soon.
T ry to join signature and bounty campaigns to get extra funds.


i hope we can help someone today. If you have any tips then post it below and lets all help each other.

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[Mpamaegbu]

Heres a short and sweet answer, buy bitcoins, hodl.


Simple as that.

Don't make it sound like it's a guaranteed investment buying Bitcoin. It's not! I am sure those who sold property to buy Bitcoin during its ATH in December 2017 will understand what am saying here. Every business has its inherent risk, so also does cryptocurrency. The industry is erratic as it is at the moment.

[MakeMoneyBtc]

I remember seeing a few popular(in my country) persons on YouTube back in 2017 recommending others to sell everything they had and buy bitcoin because the price will jump to $25k in a few weeks. I feel sorry for those who followed this advice just because they trusted that person and they didn't made enough research before spending so much money on such a risky investment. We are talking about your money here so don't trust anyone, only yourself. Ask experienced persons for advice but also do your own research because that's the only thing you can trust.

[iqlimasyadiqa]

Heres a short and sweet answer, buy bitcoins, hodl.


Simple as that.

Don't make it sound like it's a guaranteed investment buying Bitcoin. It's not! I am sure those who sold property to buy Bitcoin during its ATH in December 2017 will understand what am saying here. Every business has its inherent risk, so also does cryptocurrency. The industry is erratic as it is at the moment.

yes right, at this time the world of digital currencies has not experienced a stable phase, so many changes have occurred and it often surprises us all. But remember that the opportunities that are still very large, for anyone who can take advantage of the opportunities that exist then they can achieve success. everything must be at risk, and in my opinion that the world of digtial currency is very worth it to be a long-term investment.

[MakeMoneyBtc]

Heres a short and sweet answer, buy bitcoins, hodl.


Simple as that.

Don't make it sound like it's a guaranteed investment buying Bitcoin. It's not! I am sure those who sold property to buy Bitcoin during its ATH in December 2017 will understand what am saying here. Every business has its inherent risk, so also does cryptocurrency. The industry is erratic as it is at the moment.

yes right, at this time the world of digital currencies has not experienced a stable phase, so many changes have occurred and it often surprises us all. But remember that the opportunities that are still very large, for anyone who can take advantage of the opportunities that exist then they can achieve success. everything must be at risk, and in my opinion that the world of digtial currency is very worth it to be a long-term investment.

Opportunities surely exist, you just have to find them and take action when it's the right time to do so. I belive cryptocurrencies are still a new thing, so there are and will be enough opportunities for everyone to buy some and eventually get profit in the future if they are patient enough to hold them for a few years.

[Carrelmae10]

Cryptocurrency is really a stressful market so here's the list that can help us specially newbie.


G  ive yourself time to research things about cryptocurrency at first.
I  dentify your funds whether its for investment or expenses.
V alue all of the things you read in this forum because it really helps.
E  very coin has a potential but start investing on safe and top coins.

M indset is really important to survive. Make sure you have a strong one.
E vey mistakes are counted as experience so do not be afraid to try again.
R ready yourself on the possible losses so invest what you can afford to lose.
I ts hard to catch up at first but you will get familiarized with it soon.
T ry to join signature and bounty campaigns to get extra funds.


i hope we can help someone today. If you have any tips then post it below and lets all help each other.

..it is simple as what you have said.."invest the money what you are afford to lose" inorder to avoid too much regrets in the future..make it sure that you have made yourself ready and gain a wild range of knowledge in the field of cryptocurrency so that you have enough backgrounds on how and when to buy coins that have the potential to succeed in the future..don't make yourself ignorant so that no one will deceive you..

[Bitinity]

Nice post with the highlightened first letter of each tips, it brings reader to words "GIVE MERIT". I have no ideas what is the main point of making this highlightened letters but it sounds that you are asking for merit indirectly. Correct me if I'm wrong.
Just an additional tips for newbie which is the most well known tips in any investment "spend what you can afford to lose only".

[jossiel]

E  very coin has a potential but start investing on safe and top coins.

I'd say that every coin has it's pros and cons, some are made to get into pump and dump scheme while few coins are really working for the potential that it can show to the community. Don't get blinded with great marketing of some altcoins.

Your suggestion about investing on safe and top coins is true but I wouldn't say that every coin has a potential, just look at the coinmarketcap.com and how many coins were listed there it's around 2,100. That's a lot of altcoins there and that only shows on how many of them doesn't really have the future and potential.

[BennyK]

To add up to OP's opinion, knowledge is very essential in all fields. For every crypto investor irrespective of your status (Newbie or Expert) to survive in the crypto space must always learn more because cryptocurrency and Blockchain is dynamic. There are always new trends and new projects entering the market hence the old information and strategies must be polished in order to survive.

[avikz]

Heres a short and sweet answer, buy bitcoins, hodl.


Simple as that.

It's not as simple as it sounds! I know a lot of people who are neck deep in debt just because they entered the crypto market during late 2017. Not everyone gets lucky so knowledge is also very important. Every people looking at crypto investments, should have at least some knowledge of the technology and also know the price trends to ensure that they don't end up being in debt and can get out of the market if required.

[minersday]

Heres a short and sweet answer, buy bitcoins, hodl.


Simple as that.

Surviving in the cryptocurrency ecosystem is not as simple as buying bitcoin and hodling it. People bought Bitcoin at $20k and they are still holding them in their wallet till now which indicates 80% drop in the initial capital they invested in it. Do you call this kinda hodl as a simple one ?

[pooya87]

when people enter into something they have no experience or knowledge about, no matter if it is a market or a business or basically anything else, they always find it "stressful" because they don't know what they are dealing with so knowing that, the solution is simple. just gain that experience in the market and try to analyze a lot. if you can't do that then you shouldn't enter it because it will lead to losses.

[traderethereum]

when people enter into something they have no experience or knowledge about, no matter if it is a market or a business or basically anything else, they always find it "stressful" because they don't know what they are dealing with so knowing that, the solution is simple. just gain that experience in the market and try to analyze a lot. if you can't do that then you shouldn't enter it because it will lead to losses.

That will include in the learning lesson so we can know what we need to do. But we can limit that stress especially if we can find a good lesson that will teach us about trading at the market. And related to survive in cryptocurrency, with some knowledge we've learned before, we can analyze better so we can always found a way to solve the problem if we face it. No matter if we are making a mistake because that is normal, but from the mistake, we can get more experience and more learning to be better.

[alisafidel58]

Heres a basic answer.

Buy low sell high. Repeat, rinse and scale.

[DoublerHunter]

Heres a basic answer.

Buy low sell high. Repeat, rinse and scale.

Bitcoin is highly volatile then, yes you could do that strategy. But I must go on this basic strategy on how to survive Bitcoin.

Buy low, sell high and hold a long time as an investment. At this point, there's high a chance to earn profit but it takes longer time maybe. At the end always bitcoin is the best.

[crwth]

I'm sure that the "not so hidden" message is for surviving the BTCT forum.

Anyways, it's a great motivation with what to do in this forum, basically. I think almost every resource is available here to verify if a project is a scam or not but you should be still vigilant with what you invest to. It's nice to check with the community if it's a good thing or not. It's great to have the Bitcointalk community to discuss related stuff like that, in my opinion.

[alisafidel58]

Heres a basic answer.

Buy low sell high. Repeat, rinse and scale.

Bitcoin is highly volatile then, yes you could do that strategy. But I must go on this basic strategy on how to survive Bitcoin.

Buy low, sell high and hold a long time as an investment. At this point, there's high a chance to earn profit but it takes longer time maybe. At the end always bitcoin is the best.

If your holding for a long time then you are taking away the profits that you can get. Surviving just by holding is not a good idea you need to fight them within the market so that profit will flow into your pocket.

[lyks15]

All we know that crypto industry is very risky. If you don't have a great strategies you can't survive. Reading in bitcoin forum is a good partner for the newbies or even to the old member. We need a continues learning and experience sharing to avoid a big error or loss. We need to perform not only one activity to earn and for me always do or join bounty campaign while doing other bitcoin activity.

[Haunebu]

Heres a short and sweet answer, buy bitcoins, hodl.


Simple as that.

Don't make it sound like it's a guaranteed investment buying Bitcoin. It's not! I am sure those who sold property to buy Bitcoin during its ATH in December 2017 will understand what am saying here. Every business has its inherent risk, so also does cryptocurrency. The industry is erratic as it is at the moment.

This is true, but HODLING is far easier and less stressful when compared to day-trading which is why what he said makes sense.

There is always the risk of losing our investment in this market due to its volatility, but HODLING BTC is far safer than HODLING altcoins overall.

[Syakbrown]

Heres a short and sweet answer, buy bitcoins, hodl.


Simple as that.

not as easy as you say, we can't save coins forever but have to sell at the right time and this you have to look carefully at the development of the coin itself