Don't test the Depth of water with Both Feets

[pey]

I literally did so back then and I glad I did, sometimes taking risk may end up with the best possible outcome but it will end up bad most of the time for sure.

[Pagri]

This is one of the basic principles that every investor must learn from the beginning to last for a long time in this business with good results, because otherwise, the lack of discipline, greed and lack of mental control is what led many unwary to suffer heavy losses during the furor at the end of 2017.

Personally, I must admit that a lot of my investments are in cryptocurrencies, but I have known how to take advantage of the good times of the crypto market to diversify my investments in other markets, even knowing the great risks involved in trusting in the predatory banking system that predominates in the present.

[metalglowd]

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

Yup, that's the truth. Single trade with all total of your assets is like gambling. more or less. You risk all assets owned and hope to win the trade. and that's really the wrong thing. At least make 3 or 10 different coins as backup.

[pelumi20]

This statement is very related to putting all your eggs in one basket. When we are taking risks, we should always calculate the potential of winning and the possible returns especially in crypto. When you are investing in a coin be sure to have conducted a good research on it and be sure the coin can give you the expected returns.

[gurunanakji777]

Well said. Every business has inherit some kind of risk. Low risk business gives you some limited money but high risk business can give huge money too but it can be possible if you have good knowledge about the business you are doing. So we all know crypto market is highly volatile market some investors make huge money and some book huge losses too. Its not a gambling market and not a quick rich scheme. One can earn good money through this market provided he has good trading skills and one should not invest all his money in one coins. He/she should diversify its investment in different-different high potential coins to avoid the losses and always trust your analysis and always took the calculated risk.

[sjbi]

It will always be a wise idea to allocate your investment in different projects instead of putting it in a basket. It is simply because that if a project you have invested in sinks all your money will go to waste as the market is volatile and there is not sure that a project will always get a success. So be aware of your investment.

[Xardasim]

It may be the best option to avoid risk.
We are aware of the huge risk in this market, and so the diversification taught by experience is better tactic.

[Raymondavid47]

You are very right. In this crypto space, we have seen coins/tokens that had a lot of hype and a lot of people invested in it(probably some people invested their only fund or even life savings) and now you can barely of those projects.
When investing and when trading, we should always learn not to invest all our funds in one single project. That's a very risky move. You never can tell what will happen to that project the next day. So we need be wise, if it's in investing in  IEO or ico we can spread our investment on various projects. While if it's trading, we can spread our funds on various tokens or coins just to be safe.

[Andrey13101991]

It may be the best option to avoid risk.
We are aware of the huge risk in this market, and so the diversification taught by experience is better tactic.

Well, diversification may be different. I know people who buy a lot of shitcoins and think they are safe.

[cryp24x]

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

Well, I got your point here and I totally agree with you. That is the main principle of investing which is diversification. Not putting all your eggs on a single basket but instead finding more baskets to put your eggs to be able to achieve a maximum possible profit with less risks. Risks are already there and what we can only do is not to eliminate it but we need to learn how to manage it.

[fullhdpixel]

Honestly, I never really used this method, I have been pure crypto ever since I know myself and have always worked to get more, I am always the type of person who got into something with both feet in and I like it that way since that means if I am right I will be super rich and super right however if I am wrong then I will get to start over from zero which I like a lot.

I have quit great jobs in my life just to start a new industry with another work space because I like to start from zero. At age 30 I am still trying to do something new and I got into local politics a little and want to become politician now, I know I won't become one because I will probably stop that and move to something new without putting enough time into this to become a politician, whatever I do I will always go all-in no matter what it is.

[joshy23]

It may be the best option to avoid risk.
We are aware of the huge risk in this market, and so the diversification taught by experience is better tactic.

Good tactics indeed if you fully understand the market, but if you don't have any idea you'll risking your entire investment,
work with your skills and keep enhancing your ideas for the best benefits of your investment.

[Delilonia1]

      Opportunities come and go. One cannot really know which one will be a breakthrough but even at that, wisdom is necessary in investment.  If wisdom is not applied, one can fail woefully and may succeed massively as the case may be but all will be based on uncertainties.
   Therefore, I will advice that one should not invest all he has into one coin as other juicy opportunites may arise later on and there will be no means of benefiting from the new opportunity.

[Kay94]

I would say opportunities come but once. You don't know which might be a hit for you but you can do that if you really understand the crypto market very well.

[ethereumhunter]

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

Well, I got your point here and I totally agree with you. That is the main principle of investing which is diversification. Not putting all your eggs on a single basket but instead finding more baskets to put your eggs to be able to achieve a maximum possible profit with less risks. Risks are already there and what we can only do is not to eliminate it but we need to learn how to manage it.

That will be applied in all investment and not just for cryptocurrency. With so many options to invest, we can spread our money into many things so when one or more can increase, we can get a profit and the best is in the cryptocurrency, and we have many coins that can be a profitable coin in the future. So we have a chance to make huge money when the bull market comes.

[Bitbtc8]

Of course its always a stupid idea to put all your eggs in a single basket ,when you slip its goodbye to all your eggs ,diversity is the only surest way to success in crypto space ,don't put all your hopes in a single coin or token ,spread up your hope and make them HOPES

[Apes]

investments like gambling, you won't know which coins will give you an advantage, because lately there are many scam issues circulating everywhere. in accordance with the OP topic , it should be invested not on one ICO, coin or exchange. it is better to spread investment in various places, because it is likely to get wider benefits, because it does not rely on just one type of investment.

[levvv]

Obviously you will drowning if the water too deep. We just cannot use all of our money in cryptocurrency.
Even if i find a really good cryptocurrency project to invest, i must invest with what i can afford to lose. That is the way to investing should be.

[Successmaniac4]

I'm pretty sure those who invested in Bitcoin when it was $0.1 never knew it will be $8k and over. No one knows the potential of a coin they invest in but that shouldn't mean you should invest all your money in one coin.

[Flezy]

That's right and that's also the truth. No matter the coin we want to invest in, it is wise and better not to put all funds in rather spreading over other coins, in this way reducing unforseen risks. Crypto is vast, crypto is amazing but one thing prevalent is that this space is highly unpredictable, thus one needs to trade with caution.