What is the best advice you ever heard in case of investments and all

[bitbunnny]

The best advice I got is never to invest with money you don't have. In other words don't take loans to get the money for investing.
The other is never to put all eggs in one basket and that is also very true. Diversication is good and you always need to have multiple choice and a back up. If you stick to all this you will not get in ackward situation.

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[zenhu]

I learn so much from another people experiences, there are many advices i can get. Like you must have good money management, not all trader who have a lot of balances can grow up and being rich from it. And then when we get little profit, try to take it, we don't know if we ignore it then the price can be falling down and make us losess.

[stfN2128]

The best advice when it comes to investing for me is still "you can only lose 100% but wining is unlimited" - i like to use this one when i talk to people who dont like the stockmarkets, commodities or cryptocurrencies. (most of the people have never invested, they just dont like it because they heard bad things about)...

[Polar91]

“Be earful when others are greedy and greedy when others are fearful.” - Warren Buffett. This quote motivates me everday with my investments. This keep my mind set intact as many FUD may come amidst my journey in investment. It's very necessary that you don't just go with the flow because if you keep it in your mind then you don't decide by yourself, leading you most likely to loss.

[Moiyah]

So far, the best I have heard from my friend was,
"Do not invest immediately or hastily".
When there is a popular invesment, there are certain instances that we are jumping and invest rushly. If we are going to analyze, learn everything, balance financial status or organize our money, there will always be success in investments with of course patience at the same time.

[Bttzed03]

I made this post a long time ago and it still holds true until today. I cannot pick which one is the best since they are all great advice. Feel free to add them on your list.

1. Commit yourself to becoming an expert in all aspects of cryptocurrency (mining, fundamental & technical analysis, etc.)

2. Only invest what you can afford to lose, and be okay with the fact that you might lose it all.

3. Learn/Experience altcoin bubbles & herd behavior. Remove your emotions from the process.

4. You can't be correct 100% of the time. Expect to lose sometimes. It's about optimizing your percentages, not perfection.

5. Always keep your mind set on the end goal (no more salary/slavery) and focus on how to achieve that.

6. Become a master of reviewing altcoins, learn how to spot a scam so that its almost instant when you look at a shitcoin.

7. Diversify into as many quality altcoins as you can. That way you can experience market bubbles thousands of times over. If you hold all the coins and accumulated them for cheap, you've lowered your risk and win every time there's pump.

8. You must understand the time dimension. All losses/profits are temporary until you've made the trade. All altcoins are related but on their own market cycle. Most of your coins are winners but u need the patience to wait for the right time to make each trade.

9. HODL until moon or grave. Store your top cryptocurrencies for long term gains. You need strong hands to hodl through shakeouts.

10. Find or create a group of like minded individuals to share your research and investment ideas with.

[dkbit98]

Invest by doing Dollar Cost Averaging

You can explore and use calculator for Bitcoin here:
https://dcabtc.com/

[kingpin4321]

The best advice I got is never to invest with money you don't have.

Everyone needs to know this, especially those who are just coming in newly, they need to be taught not to borrow nor take loans to invest, you could be putting yourself into "double" debt if you do so, it's better you invest with the little you can spare, thus if the investment doesn't go well, you'll be rest assured you're losing little out of your income.
Another is to learn before investing, this will help you to understand all the requirements to succeed.
 

[coolcoinz]

The best advice I was given is to do your own research and never rely on anyone to do anything for you.
The second best IMO is to only wet your feet in the beginning. Never jump into deep water all at once.
The third one is to always have a backup plan and think what you'll do if it all turns to shit. People tend to think what they will do with all the money but you should always have a backup plan and something to do when you lose what you've invested.

[aioc]

Best advice for me that I really practice is

Adopt a Long-Term Perspective

this is very important if you want to stay longer and make a good profit in Cryptocurrency you should set up a long term plan and this is by picking the right coin to invest and holding it.

[shoreno]

Best advice for me that I really practice is

Adopt a Long-Term Perspective

this is very important if you want to stay longer and make a good profit in Cryptocurrency you should set up a long term plan and this is by picking the right coin to invest and holding it.

thats a nice advice but thats also hard to master because you are dealing with long term patience here but we humans we are known to be tempted easily and we are distracted easily on the things that are good enough like for example when we saw a good price but we must control ourselves if we really wanted to earn huge  .  for me i think the best advice that i heard in investing is " invest only what you can afford to loose " this should be the best because everyone knows this due to its  popularity  .

[Oilacris]

When it comes to trading here the only line that stays on my mind.

"Be fearful when others are greedy and be greedy when others are fearful"

This had been the thing ive been following.

[pixie85]

The best advice is probably to never invest money you don't own. It's like the one where you should never bet borrowed money. Play in casino with your own cash and invest with your own cash.

It's also important never to go all in. Some stupid people sell their houses and cars and risk it all. It's never worth it. Better invest with no more than half of your money and be safe.

[shield132]

Can't agree those who say best advice was: Don't invest more than you can't afford. I totally disagree this, if you don't invest more, then your profit will be low and if you invest more than you can't afford to lose, then profit will be dramatic. But at the same time risks rise on this last one but those who don't risk, don't get anything. It acts now like I wrote new advice here, will be curious if someone quote it and say it's great advice.

[bering]

I was made a conversation with a person on my neighborhood and he was became an successfully businessman and he gave to me some of advices but it weren't related to investments but so far those were the best advices for me that he says i have to seeking the best opportunity to buy at particular things and if supose can i have to buy as cheaper as i can and sell it as expensive as possible

[Lanatsa]

I was made a conversation with a person on my neighborhood and he was became an successfully businessman and he gave to me some of advices but it weren't related to investments but so far those were the best advices for me that he says i have to seeking the best opportunity to buy at particular things and if supose can i have to buy as cheaper as i can and sell it as expensive as possible

Very basic advice but applying it on real life is really hard and wont really be that simple.You thought that you are already seeing cheap price but actually they are still expensive on that state and this is where analysis and knowledge would set in.If you don't have these traits then expect for failures or mistakes but eventually these things are inevitable.

[RealMalatesta]

The only advise I have ever received concerning cryptocurrency is for me to invest in bitcoin, and it was through a friends, I am glad that I listened to him then because that advise is still what made me who I am today, at least with m investment in bitcoin, I became a million for the first time during the last bull run, I made some few thousands of dollars from my investment and when I converted it to my local currency, it pulled me out of the group of average people into being a millionaire.

Through that, I have been able to establish the business that I had desire for so long that looks like was not going to come through because of the financial constraints that I have to do so. Every other decision now in crypto is being made by me, although I do read some few suggestions on this forum, but none has paid me as much as that of my friend’s own.

[asajapheth]

Invest in only what you understand.

Many invest without having real understanding. Some people truly don’t understand what their investment is about. If you think wins and losses is the only way to measure a project, you are completely wrong. You don't invest without proper research.

[South Park]

Hey
Well let's start , everyone please feel free to share the best advice they think is what made them what they are today in terms of investments .
I think learning about managing your money can never be easy , but maybe we can make this a thread worth reading by the new investors and even the old ones ..never hurts to redefine your strategy.

As for me it was
*You never loose until you cash out*
Taught me patience.

There is so much useful information I have read over the years but one of the most influential information for me came from a book that did not gave a specific strategy about how to trade the markets but it did help you to try to develop your own strategy, and the advice was that most of those traders selling books about how to trade the markets get their money from selling books and not from their trading activities so you are wasting your money by buying those books, you need to learn from those that are great traders and investors and finding what they do and adapt it to suit your personality.

[HELLOFF]

Of course, I am not too active an investor like the other guys, but nevertheless I received good advice from one person.  When I take part in Bounty companies, I choose the project very carefully and study the work of the team and what it will be capable of in the future.  Based on this, I can choose good Coins, which I met thanks to the Bounty companies.  But all my acquaintance with the company can give me confidence in their prospects.