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

[Taskford]

"Always grab a profit when there is an opportunity."

Some investors forget about that and dream a big profit or returns from their investments. When market goes into correction they go into panic selling their assets or cryptos leaving them a loss. That is the best for me because I've experienced it myself.

[1714994736]

1714994736

[1714994736]

1714994736

[suzanne5223]

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

I don't believe the smart thinking is what a newbie which barely understand how to select the right project need to thrive but seeking advice from knowledgeable people on here.

 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.

The crypto scammers also implemented new idea which will be hard to spot out if the team only plans to make quick money and the only means I believe is safe are investing after listing, already working project  or going for project with reputable PRO

[.gustafson]

Everything is changing and everything is unpredictable
We cannot predict anything. We can only predict whether it will come true or not - no one knows for sure. If you see growth trends, then it's not a fact that there will be growth. We can talk a lot about this. Read more about this in the book of Nassim Taleb "Black swan". And this is not an advertising, but a really useful book for every trader and any person in general, no matter what he does.

[Mila52]

The main advices are: not to lose your head, not to panic and be patient. And one more thing, never take a loan for investments and invest as much as you are not afraid to lose.

[Lanatsa]

--

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.

No one knows the future that's why all outcomes would vary on our actions.Decisions that would be crucial anytime because theres a specific time where you do need to sell or buy for you to benefit on.For all people do say that Patience do matter,yes it does but too much of it will lead to mistakes.
If investment comes to easy on the first place then most people are rich by now.

[bitcoinst]

In my case, the best and most, it seems to me, useful from the point of view of saving funds, advice, was the following: "do not invest in coins that have already grown in value, even if it seems that their growth will last forever."

[tonyvo2017]

The best advice I have ever heard is: "In the field of investment, you are only allowed to be profitable and not allowed to be poor"
I realized that I invested as a gambler. After hearing that sentence, I learned how to control personal finances.

[kennen1113]

In my case, the best and most, it seems to me, useful from the point of view of saving funds, advice, was the following: "do not invest in coins that have already grown in value, even if it seems that their growth will last forever."

Speaking of your advice, I think we should consider it from many angles and apply it to different situations because from my feelings, I feel that this is really an advice to create a very high level of security for investors, the value has been pumped, the next thing will be dump, if we participate in the process, it will danger, not participating is more reasonable. However, sometimes we follow trends and know how to stop before danger comes, which is a wise thing, so the advice I usually get is to consider everything before investing, don't let safety and fear make you miss the opportunity

[Betwrong]

Many people are citing Warren Buffet in this thread, and rightly so. I've never heard of "Diversification may preserve wealth, but concentration builds it." before reading this thread, but now I think, it's a good one.

I want to cite other precious words of him, which, it seems, weren't brought to attention here.

"The best investment you can make is in your own abilities."

Since it is more likely that you are going to live from the money you earn each day, rather then from the money you invest in something, the best thing you can do is to invest in your education. Thus you will be able to earn more money while living an interesting life. Besides, money itself does no good for uneducated people.

[Lanatsa]

Since it is more likely that you are going to live from the money you earn each day, rather then from the money you invest in something, the best thing you can do is to invest in your education. Thus you will be able to earn more money while living an interesting life. Besides, money itself does no good for uneducated people.

Differentiating an educated one to a none is really as clear as water when it comes to capabilities on how to make their lives even more better.

Having more knowledge does really have that advantage so theres no doubt about that and now it would just depend on how they would imply or utilize such knowledge and skills.

[leech.]

The best advice I ever heard in case of investments and all is to treat money without emotion. I understand that a person cannot be completely unemotional about something, but you need to try to do everything possible to make it that way. If, on the contrary, you relate to money with emotions, then most likely in the first stressful situation you will lose your money...

[maydna]

Well, I think we don't have to put all of the money in one basket will be the best advice for me because with spreading some amount of money in various cryptocurrency as the investment, I can minimize the risk if somehow one or more of my coin is down. Besides that, I will have the opportunities to make more profit from that coin because I can hold many coins that will be increased at the right time. The other advice is to use the money you can afford to lose the money, teaching me to invest some money and not all of the money.

[el kaka22]

I believe for everyone here the "best" would be never to invest money you can't afford to lose. I have seen too many people who get out very quickly because they have to spend that money for some reason and that results with them taking a loss because they can't wait.

Now, when bitcoin goes up and you buy because you think it will continue to go up most of the time you are right, no matter even if it is 20k all time high it will eventually be higher than that but you need to hold according to where you bought, if you bought at a great time then next day you will be in profit, if you bought at a bad price you may end up holding for years but as long as you hold it is fine, if you can't hold and need that money then it is not an investment, it can't be called investment, you just change the shape of your money, instead of dollars euros or whatever you use, you have bitcoin, that's it.

[Paulinerims]

Invest in yourself would be the best advice I got from the book Rich Dad Poor Dad. By doing so much for me I've become a better trader and now my investments look smarter and are growing on the long run. So yea I would answer anyone with a question on how to be a good investor with that sentence.

[sana54210]

the most important investment in crypto is to be patient because bitcoin is volatile. investing bitcoin is the best idea because even if prices go down a few years later prices will go up and even higher than the year before.

the best advice I've heard for altcoin trading is don't be greedy and don't hold on to altcoin for long.

This advice of not being greedy was first said to me by my trading instructor, and I am thankful that I took it because he told me that it is what has kept him this long and successful in his own trade and if I really want to know the secret to his successful trades apart from the skill and strategies that he has, it is not being greedy, and I found out that every time that greed wants to take control of me in my trade.

The advise comes ringing in my head and I find myself adjusting as quick as possible which has really help me too to go a long way in my trading life, but that aspect of not holding coin for too long is what I don’t like because this is why we see lots of altcoins not rushing because every investors keeps selling often, I think some altcoins deserves to be held for a long term project like BNB and ETH.

[iv4n]

I don`t think there is the best advice in case of investments. Every advice can be good, there is many factors that should be considered when you make investment, time frame, bankroll, risks, insurance, what can possibly go wrong, etc. More factors you check out, more chances you have to make profitable investment.
And there is the other side, it`s your character. Are you brave enough to make investment, are you patient to wait for profit, can you handle the pressure!

[EA001]

The best simplest advice I have heard is "don't ever lose money".

As silly and simple this may sound, we are all guilty of some rash decisions. Some maybe even gamble a lot or invest in poor timing, invest in future options and so forth.
Some of those may sound like a good option especially investing in future options but the thing I learned is future is unknown and cannot predict the value of your investment. Be safe and invest reasonable amount so you don't lose a substantial amount of money or don't at all invest and wait for that industry to mature and then invest knowing all the while its prospects.

[adamlillian]

a teacher taught me that:
"invest in the business you understand best and be willing to accompany it until it succeeds"
This is really a great saying from my teacher. It helped me buy tokens at very low prices and sold at high prices in the last 5 months.

[Betwrong]

I believe for everyone here the "best" would be never to invest money you can't afford to lose. I have seen too many people who get out very quickly because they have to spend that money for some reason and that results with them taking a loss because they can't wait.

Now, when bitcoin goes up and you buy because you think it will continue to go up most of the time you are right, no matter even if it is 20k all time high it will eventually be higher than that but you need to hold according to where you bought, if you bought at a great time then next day you will be in profit, if you bought at a bad price you may end up holding for years but as long as you hold it is fine, if you can't hold and need that money then it is not an investment, it can't be called investment, you just change the shape of your money, instead of dollars euros or whatever you use, you have bitcoin, that's it.

Besides, Bitcoin is not that easy to spend on the things you need for your daily life. So I absolutely agree with you regarding investing only the money you won't need in the near future, by which I mean the next couple of years.  


I've found even better formulated investment advice than that I posted earlier. This one is by Benjamin Franklin, and although it's from the 18th century, I think it's worth citing.

“An investment in knowledge pays the most interest.”

                                                            Benjamin Franklin

[STT]

Buffet I think recommends just watching your basket very carefully.    I doubt he advocates just one investment but people can end up spread over multiple sectors while never truely knowing any of them.
   Seems very few investments can get away from wider sentiment changes, fear of monetary contraction that forces many prices down at once.    Rather then diversify I would go with the advice to know your own game, if you intend to invest in technology be aware of the costs and development pitfalls possible in that sector.   The potential but also the risks, I think the majority of investment done now is passive and uninvolved so people are not attached to the prospects they are invested in or personally invested besides the money.