Don't test the Depth of water with Both Feets

[billyhaleym]

Every effort in this life involves risk.  This risks are classified into two main categories, low risk and high risk!
To invest in a coin or any other project has more than just to think of  buying and selling on exchanges
Every coin is a potential coin to expand if only It has the support of community and investors.
So I urge us all to invest with our instincts, never for once may we judge a swimmer by him standing only at the banks of a river. So take a risk,  make a session and may it work for you.

My only advice is we should not test the depth of water with both feets or better said, never put all your eggs in one basket...  All simply means we should not invest all or possession in one business, do not enter a single trade with all your assets

[Ranly123]

Every effort in this life involves risk.  This risks are classified into two main categories, low risk and high risk!
To invest in a coin or any other project has more than just to think of  buying and selling on exchanges
Every coin is a potential coin to expand if only It has the support of community and investors.
So I urge us all to invest with our instincts, never for once may we judge a swimmer by him standing only at the banks of a river. So take a risk,  make a session and may it work for you.

My only advice is we should not test the depth of water with both feets or better said, never put all your eggs in one basket...  All simply means we should not invest all or possession in one business, do not enter a single trade with all your assets

Of course, in other words we should not put all our investment in cryptocurrency into one coin. Dividing it into many as long as we know it has potential profit.

[zhea]

Every individual has his own preference on how to take the risk. Here in crypto, the risk is real. Your money would be gone in just seconds literally. Have experienced that one earlier today on one of the coins but then again, that is my decision to take the risk but i failed and i should learned that one.

[slaman29]

Good advice of course, but that applies to any decision when putting in your money. Always diversify and always know the risk you're putting up, and more importantly, never invest with money you can't afford to lose. This last part is I guess the most important and yet the most ignored. People keep putting money they THINK will grow, even though they know the risk is that they could lose it. And in crypto risk of losing it ALL is very real!

[BayAngelo]

it is risky putting all your eggs in basket because you will easily get burnt. but folks said that there is "the hard way and the only way" most successful business men in the game risk everything on one basket while many lost their all.
i think we all should be careful in our investments. follow your instinct and never regret your decision.

[billyhaleym]

Every individual has his own preference on how to take the risk. Here in crypto, the risk is real. Your money would be gone in just seconds literally. Have experienced that one earlier today on one of the coins but then again, that is my decision to take the risk but i failed and i should learned that one.

That said Is very true,  we always learn through experience

[billyhaleym]

Good advice of course, but that applies to any decision when putting in your money. Always diversify and always know the risk you're putting up, and more importantly, never invest with money you can't afford to lose. This last part is I guess the most important and yet the most ignored. People keep putting money they THINK will grow, even though they know the risk is that they could lose it. And in crypto risk of losing it ALL is very real!

thanks for ur add up,  we all need to be cautious of whatever we do and never regret any decisions but rather make uniform resolutions from them

[mrdeposit]

Certainly, diversifying your money among a few coins will reduce the risk of losing. But, there are times when you do not escape from losing, and in order to avoid regret in the future you should always act considering this.

[dipeco]

Nobody should forget about the funds diversification law. You should always have minimum three wallets where you are holding your tokens and at least 3-4 exchanges, because if something gets hacked, you still have a chance of not harming your portfolio.

[DeepChipolino]

Yes, if there is free money, then the best investment is diversified.
The difficulty is that many people do not have the money to distribute them across different industries. To invest in the stock market, you need to have +X000$$$. Therefore, people are switching to crypto market, where even $10 can already be invested. But investing in crypto alone is a big risk.
Thus, we are all cryptoinvestors with both feets in the whirlpool .

[ukloon]

No matter how great you think an investment is there is never a good time to go all in with just one coin. Too many things can happen in crypto that people should always diversify. 50% should be in bitcoin, with the rest split between top 20 coins and then some random shitcoins (in small quantities)

[FoBoT]

High risk bring in high investment returns and vice versa, cryptocurrencies investment is a low risk investment compare to forex trading and options.
Portfolio diversification can also help in crypto trading.
However it is always good not to use any money you can not afford to loose to trade.

[Iykecollinz]

A very important lesson for every newbie and a lot of persons must have grabbed this by experience. In trading, it is called using the ladder technique, not buying all at once, buying gradually as market drops and selling gradually to the top makes it what it is. Apart from crypto this is applicable to every other aspect of life that is why the saying that one should not put all his eggs in one basket.

[Adriano2010]

Good advice indeed, always never invest on only one thing because if invest on only one thing an that not works as expected can lose money and be dissapointed because lose hard worked money.

[MonsterV]

Of course, if we invest it certainly does not escape the word risk. Risks need to be taken to invest because there are no risky investments.

Good advice for all, not to put eggs in one basket. Yes this is the biggest risk when we are careless in investing, where when we only rely on one coin it will be very risky for investment.

[CryptoLogo]

This is the basic rule that I have been following for many years. It works not only in trade, but also in many areas of life.

[Teawhalee]

only a newbie in this space can test the waters they dont know the depth with two feets or greedy people. investment involves risks but risk is to be done wisely, or else it might lead to rekt. one needs to be careful to avoids this.

[Eraldo Coil]

It is still better to have your investments divided in different coins. There are a lot of options in the top 50 coins so putting them in a single currency is kind of risky for me. The product behind in each top coin is different and have different timing of popping off in the market.

[pundit]

Every effort in this life involves risk.  This risks are classified into two main categories, low risk and high risk!
To invest in a coin or any other project has more than just to think of  buying and selling on exchanges
Every coin is a potential coin to expand if only It has the support of community and investors.
So I urge us all to invest with our instincts, never for once may we judge a swimmer by him standing only at the banks of a river. So take a risk,  make a session and may it work for you.

My only advice is we should not test the depth of water with both feets or better said, never put all your eggs in one basket...  All simply means we should not invest all or possession in one business, do not enter a single trade with all your assets

There are some basic rules of investing in any financial market. These rules are as follows:

1. Never invest the amount you badly need, only invest the amount which you can afford to lose.
2. Do not put all your eggs in one  basket means do not invest the whole amount in single coin/stock instead divide your investment.
3. Do not let emotions cloud your judgement
4. Always disciplined approach to your investment, make a plan and execute.
5. Do not fight with the market, if it gives you loss just accept it and move on.

There are many other things which need to be followed before investing your hard earned money. Unplanned investment can lead to account damage.

[Kiweikoo]

A very important lesson for every newbie and a lot of persons must have grabbed this by experience. In trading, it is called using the ladder technique, not buying all at once, buying gradually as market drops and selling gradually to the top makes it what it is. Apart from crypto this is applicable to every other aspect of life that is why the saying that one should not put all his eggs in one basket.

Yes this is not just that case with only crypto but with all the assets you come across and you think about investing in them. You have to be very careful in deciding if the investment would be profitable and that if you would get returns if you invest in the asset. In crypto, there are 2200 coins in the market but only few best coins and that means you have to be very wise to decide and invest.