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

[Bitcoin Seller]

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.

It is a very good advice. However, it will work only for those men, who invested extra money in cryBy "extra" I mean that they have enough money to live for, and they can let themselves spend a lot to buy cryptocurrencies and do not worry much, waiting for the best times when profits will be great. The wisest thing is not to bee too greedy and be ready to sell if you make at least +30%.

[1715034845]

1715034845

[creeps]

Always have the courage to buy and sell despite of the market situation - This is a great line from my mentor before and he's amazing. This has been my motivation every time the market dumps actually, we have to keep buying when everyone is fear about the market. Crypto investment is not easy in the first place, we fail and we learn just keep aiming for a success and continue to motivate yourself with some of a good quotes from a well known speakers.

[CryptopreneurBrainboss]

“Be fearful 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.

Another not your regular qoutes and who best to give the advice than Warrent Buffet himself. The qoute can be rephrase as "A smart investors buys when others are selling but sells when others think it's the best time to buy" which in the cryptocommunity we know as, "buy the rumors, sell the news", that's to say, "stand out from their crowd, don't go with the flow". Every since I saw this thread, I have visiting it occasionally to read investment advice. I'm a fan of those not regular advices even though they're the obvious i prefer then been repharsed by using the unfamiliar words.

[BitHodler]

IMO, greed is a basic human character. We need to control it, if we want to make our investments profitable.

Correct, it's impossible to discard but on the other hand, it also helps people hold on to a certain type of investment for a long period of time. If an asset has fundamental value, that's actually a good thing.

Not everyone is born wealthy, so there is always believe or hope that by investing in a stock or Bitcoin, their quality of life will improve as the asset appreciates in value. It's a combination of being emotionally attached and greed in this case.

I think this is a very important reason why people here are so attached to Bitcoin, while the more wealthy investors just look at it as an interesting hedge or short to medium term profit flip.

[Darker45]

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.

First, about your best advice. I have encountered that advice a lot of times already. But I guess that is only applicable to Bitcoin and perhaps to a handful of altcoins. That cannot be applied to around 90% of coins in the world of cryptocurrency. I have listened and actually followed that a number of times as well and I got zero after several months.

As to the best advice I received, it's only a single word: diversify. And it's absolutely true! Diversify!

[Genamant]

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.

the best advice that i can give is to never try to borrow money for your investment specially borrowed money with interest ,
it may look that it will give you a fresh start and being positive that you will be able to cope with it
but sometimes we rush our decisions because we have deadlines to pay. Its better to sell some valuable stuffs to avoid that kind of scene.

[michellee]

I think the best advice I ever heard is "buy whenever you see a low price and divide your order buy." That could be true, but it depends on how the market situations if the market is in the bear market, we will see a low price in many times and that is not good to buy all in. I am sure there will be much other best advice we might hear, but we forget to list it all.

"Be patient, and everything will be fine."

[jostorres]

You must always ensure very well that you invest wisely, investing wisely in the sense that you have to ensure that the project that one’s energy, time and capital is being channel on as been thoroughly scrutinized and is really worth to be invested in, and has a guarantee that it will provide the necessary growth in future, then one can relax and be patient with such project.

There are some coins that I have mistakenly invested in that I do  not have to be patient at all, when I see that there is little increase, I quickly rush to take the profit, and when I see that it is dumping beyond my imaginations, I quickly dump it before it because something hypertensive. Patience is not needed in such case, but wisdom and smartness.

[coolcoinz]

My best advice to everyone and the one that I will always remember is to always learn before you do. It works in every part of life. You hear about investments from friends and you hear about bitcoin millionaires and your reaction is to set  up a trading account wire money and pray for the best to happen. Most people do it and most people get eaten by a bigger and smarter fish. Make sure you know what you're doing before you do it!

[serjent05]

There are lots of advice from gurus on the net about investments.  They even get into deep discussion on why to do these stuff.  You can look at this list of investment advice from investopedia.

10 Tips for Successful Long-Term Investing

or you can check this article too : https://financialmentor.com/category/investment-advice

[7788bitcoin]

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

Patience is a good virtue you need to be as an investor but you have to have the common sense on when to sell off the asset too, if you are investing in top coins especially bitcoin, there is nothing to worry even when the price goes down, but that cannot be said with the alt coin market, if you invest in any project in the past and you need to understand the sell off point if not the risk of encountering a major loss is really high. So selling the coins at the right time is always important when it comes to alt coin market. I am sure that majority of the coins that went down will never rise again as majority of the projects either shut down and if you are not smart enough to sell off when the price was high, then you are in real trouble as patience will not do anything with those failed projects.

[gentlemand]

“Be earful when others are greedy and greedy when others are fearful.” - Warren Buffett.

I think 'buy into fear, sell into euphoria' is a better phrasing of the same sentiment. Having said that both sentiments can last vastly, vastly longer than you initially expect.

Mr. Buffet's quote about concentrating investment is a top one too. Surprising how rarely that's voiced.

[STT]

Its dangerous advice 'concentrating investment', its ok to speculate when you are young like that but not so much an option with pension assets when nearing retirement.
  Diversify means owning your own house not just gambling all on one price or sector, I get the meaning but its also risky.   Not everyone is Mr Buffet with his cold hard stare like xray vision on investments to see all the weaknesses waiting in a popular product or rising price.

I guess the best advice in general I can remember is dollar cost averaging as a good strategy, people rarely have the perfect mind to invest no matter what.   People are influenced by the moods of a crowd and the market feeling at that time, if you commit to buy the whole year not just once you will capture highs and lows.   Presuming your overall judgement on the asset and sector was good, you are going to profit even while the price rises.   If the price should fall but the investment has potential then the amounts bought increase on the price dropping.    Intel is the best example I can think of for that, it was unpopular holding a low price for years.    

This would relate to Buffets mention of Mr. market and his price varying for the same basket of goods, sometimes the price being good or bad doesnt alter the quality underlying.

[cryptoperkele]

Someone who said:

Don't be afraid to cash out some profits

Greed makes people to hodl because they think that getting rich doesn't require any work.

[7788bitcoin]

This would relate to Buffets mention of Mr. market and his price varying for the same basket of goods, sometimes the price being good or bad doesnt alter the quality underlying.

That stands true if the project is handled by a team that had success earlier and the faith we have in producing results, since we are talking about the crypto market, majority of the project depends upon how the developers deliver and there is no guarantee that they will deliver, so the risks are higher.

Greed makes people to hodl because they think that getting rich doesn't require any work.

What work are you talking about, all you need is smart thinking and follow the project you have invested, since the market is not regulated, there is no guarantee for the investment you make as anyone can start a project and attract investors, so if the team only plans to make a quick money you need to understand that and sell off when the market rises and walk off with the profit rather than sitting on top of that thinking it will give you are bigger profit.

[iMark]

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.

Lol doesn't even need a successful businessman to say that, I found a lot of newbies also say buy at low prices and sell at high prices. it is basic but difficult to achieve because it requires patience. I think investing is about the future, you must be good at understanding what the most important needs in the future are, use that ideas to create a business

[finaleshot2016]

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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.

Lol doesn't even need a successful businessman to say that, I found a lot of newbies also say buy at low prices and sell at high prices. it is basic but difficult to achieve because it requires patience. I think investing is about the future, you must be good at understanding what the most important needs in the future are, use that ideas to create a business

There's no simple or basic advice when it comes to investment because every movement or action is very risky. If the money is on at stake, we should think wisely and make advanced decisions. I definitely agree for having an investment for the future, it all depends on your action in the future.

[finaleshot2016]

the best advice I've ever heard from big investors is never to make a decision quickly because if we don't consider it well it can lead to losing money and never panic too when the market drops drastically because someday it will definitely return to normal again

In making good decisions, we should consider all the possible hindrance of having a successful investment. Let's be intellectual in this situation because our money is on the line and we should make it bigger through our decisions. If the market drops then chill down, it usually happens in the market, wait for another green sign in the market.

[arpon11]

In 2011, I was seriously losing in investing! My capital was almost wiped out and I was in the state of bankruptcy when I read a book written by Brain Tracy on “dream big” I could remember reading a sentence in the book that changed my view from what I was doing wrong: “Skill is what matter in success”! That make me to forgone what I was doing and set a goal to become a successful investors through continuous practicing and today I am a skilful investor. I can now analyse the market on my own and invest without consulting anybody.

[slaman29]

Sorry but I have got to say that OP's piece is the worse advice I have ever heard for investment. You want to look back 2, 4 and 5 years ago and Coinmarketcap? There have been hundreds of coins that started out so well, even rose to incredible highs, and yet fell down to basically zero. You bet people lose money when coins stop being even listed or developed and no one wants it.