Don't test the Depth of water with Both Feets

[jcarlo]

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

I am agree that we should not put all our investment in single coin or token. Dividing our investment into different project is a must to reducing risk from volatiling market. With invest in several project, when few project price fall, others can survive

[Bitfling]

I really like this your adage. "Don't test the Depth of water with Both Feets" very explanatory, this is to say, invest wisely. Be Mindful of the risk you take especially when it has to do with cryptocurrency. In as much as we know every investment is risky but we should take calculated risk .

Cryptocurrency market still not regulated in many country and few country not allowing their citizen to invest in crypto or bitcoin. Its true that we should invest with money we can afford to lose and crypto is high risk investment, we should calcaluting this risk wisely

[Jonking]

i like the advice.. but each and every people is different..as many people say invest what you can afford to lose

[Ifychuks]

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

You just said it all.. I think only the gullible, ignorant or foolish ones will put all their eggs in one basket. It's always good to diversify. When one doesn't work, the other will definitely work an dyou won't be in so much of a loss.

[fallensky7]

This is good advice! If you are planning to invest in cryptocurrencies, spend at least a little time to understand what blockchain and cryptocurrency are, what security measures you need to take before investing money. We must constantly learn and improve our trade.

[crispyfry211]

Very well said and it's very true that there are many risks with every business we like to proposed with and to win is to take a risk but to invest all your asset on a single coin is extremely risky. Atleast when you expand your portfolio it will reduce the risk as the different coins may complement each othet in terms of loss. Choosing many places to invest is a good step, provided we have a strong referrence before doing so, and it would be very wrong if we just put the egg in one basket, because as the marketplace was so fine where investor can invest in to many projects there are still many other choices to be in, like the dencoin tokens which can lead you to have a good future investment in the making. We just have to be more analytical when thinking and on choosing a project we want to be part of.

[nicecrypto]

Being in this forum and a bounty hunter give me a bit of an edge over others who are not here, now i understand a bit more on what to look out for when you have the interest of investing in a project or projects,
What i do is look up the website of that project and wp, the team LinkedIn profile, their social media activities, then look for their telegram group and immediately join, go through the post of members in the group and see the kind of people who are interested in the project as well (not when Moon, when Lambo type)
See how active the core team members are in the chat, maybe they have done any AMA and some other few details, although this is not a guarantee of any sort but it help give a bit of a guide what you are dealing with.
Most importantly, invest what i can afford.

[michellee]

I really like this your adage. "Don't test the Depth of water with Both Feets" very explanatory, this is to say, invest wisely. Be Mindful of the risk you take especially when it has to do with cryptocurrency. In as much as we know every investment is risky but we should take calculated risk .

Cryptocurrency market still not regulated in many country and few country not allowing their citizen to invest in crypto or bitcoin. Its true that we should invest with money we can afford to lose and crypto is high risk investment, we should calcaluting this risk wisely

By having calculated the money we use, we can have two types of money which will be used for our daily life and for investing in crypto. But don't use a big part of the money for the crypto because we still use fiat in our life, so we don't have any problem if we want to buy something in daily life. But be careful if you invest in cryptocurrency and make sure you invest in the right coins after you analyze the coin.

[Nwankwobtt]

I am a victim of this, when I started venturing into cryptocurrency newly in 2018, I made the rookie mistake of investing all my bitcoin in single place, turned out to be a scam HYIP and I lost everything, always diversify your portfolio, never put all your eggs in one basket.

[redsun114]

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

It's very necessary to do a thorough research on a project before investing in it because there is also what we call a calculated risk, rich people don't just throw money into projects because they have money to spend, they actually check to see if the project has a 75% chance of working out and then they jump into it with all assurity that it's going to work out well, so please always take calculated risk to avoid throwing money away.

[logicgate]

This is good advice! If you are planning to invest in cryptocurrencies, spend at least a little time to understand what blockchain and cryptocurrency are, what security measures you need to take before investing money. We must constantly learn and improve our trade.

 This is great advice. It was something that should have been followed by people who had been investing blindly in the crypto boom in 2017. They invested big money and bought Bitcoin at ATH and this was equivalent to checking depth with both feet and the deluge drowned them. So it is needed for the investor to be very wise and only invest in the coins with great potential.