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

[kumala_abi]

The best advice i've heard is invest as early as you can, and i think it's very true. It doesn't mean that we have to be careless and don't think straight when we invest, but more like rather than we think "Maybe i'll invest later." or "I don't think now is the right time." we should act and don't hesitate anymore. Because we don't know what will happen unless we start. And invest early can be beneficial too in some cases. Like for example bitcoin. If i invested bitcoin early, then i surely gain many profits because later on the price is high. Rather than i invest that time when the price is already high. But still we don't know what will happen in the future so it may be quite invalid.

But it's not always a good advice, sometimes you have to wait for the right time to come in and buy. like when panic selling in the market, certainly its not the right time to buy right? investing is not about early, but about sensitivity with the opportunities and knowing you have to go in, buy, or wait.

investing was not about money only.we must have instinct to decided when we have to entry or exit from market.dare to take action was not enough, if we make decision in hurry i am sure we will not get best price in our investment portofolio.in my opinion there are several factors that will give huge influenced to our trading result.skill to recoginized best moment and emotion controlling will help us to get it.

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[Kez1817]

"Buy low sell high" but when the value goes down "Keep calm and Hold".and " Have more Patience".Also always i heard this advice, " Don't invest more than the amount that you can afford to lose".

[ceyhun4270]

Invest in yourself and become a master at your job. Then start looking forward for new challenges for additional money ( like an online store ).

If you have a lot of money (like 80k dollars) cash you could buy a house and fix it, later on you can sell it for more money and make profit.

[iMark]

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.

That is a good one and I hope it still teaches you well.
Forgetting one wise advise could really mean all your decision and choices in your life.

There is one thing I can never forget.
Invest only at what you think you could also lose.
I mean, that is simple but when you take a deeper thought it will meaningful that every steps in your life could also be based on it.

Therefore you must know when to stop and take all the profit that you have, to keep in a safe place. Stupid people are those who always think they will always win so they always delay to cash out, it will plunge them into bankruptcy. I always take all the profits that I have earned, then return to trade again from the beginning with the same capital

[chirannew22]

Not only in the investment , in the life you need good money managment. According to the buddhist word, the money that you get need to devide into 3 parts.
25%  for living
25% for saving
50% for investment in your bussiness
I think this is very good advise. We should manage our money according to this great theory.
In the investment money management is very important. If you dont have proper managment you will lose all the money.For this you need to follow below things.
* select the good bussiness project or opportunity
* Study the subject
*Only invest money that you can manage
*do your own research
*Annalyse the results
*get the advise from others

[timerland]

Not only in the investment , in the life you need good money managment. According to the buddhist word, the money that you get need to devide into 3 parts.
25%  for living
25% for saving
50% for investment in your bussiness
I think this is very good advise. We should manage our money according to this great theory.
In the investment money management is very important. If you dont have proper managment you will lose all the money.For this you need to follow below things.
* select the good bussiness project or opportunity
* Study the subject
*Only invest money that you can manage
*do your own research
*Annalyse the results
*get the advise from others

That's not a bad mindset, but the problem is that not a lot of people have enough money to do so, that mindset is very easy to have if your a high earner, let's say 100,000 USD a year. 25,000 on living expenss is fairly achievable, assuming you pay little or no rent.

That's almost impossible to do when your income gets lowered though, earning even 50,000 USD a year, there is almost no way you can save 50 percent of that for a business, not sure about that sort of mindset.

My golden rule is a simple one 'Don't invest more then you can lose'.

[darkangel11]

The best advice: only invest what you can afford to lose. I changed it a bit into: treat your investment like lost money from the start. If you really lose it you won't be surprised and if you win you'll feel great.

The worst advice: always differentiate in crypto. It's so bad. You can differentiate between forms of investments like real estate and crypto but never differentiate in crypto. It's pointless because cryptocurrencies follow bitcoin and react like a group.

[Ailmand]

The best thing that works everytime is to "never invest what you cannot afford to lose." This is very true, had a lot of friends who joined crypto a bit late during the hype and had lost thousands of dollars due to it. Investing is not an easy way to earn money and crypto is not a magic that can turn you rich over night, it can but it requires great risk.

Also, never get emotions get in your way when investing or trading. This could lead to bad dicision. I've experienced this a lot when panic buying and selling or even due to FOMO. Trust what experiences you have learned and all the knowledge you have acquired due to your mistakes and failure and bever to repeat the same mistake twice.

[suhadi88]

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.

I did 2 things:

1. Long-term investments
2. Daily Trading

Perhaps what I often do is daily trading. Daily trading, in my opinion, is profitable but sometimes it will also be a loss. My strategy now buys the coin when the price is red. And I also did not wait for a long time to profit, but the price has increased and made a profit, I immediately sold.

Long-term investments are also still the best strategy for generating profits. But we must be patient to make a profit and at this time the coin price still does not grow taller. So I focus more on daily trades.

[hahahafr]

Investments are really for courage people who are always looking into the future especially with blockchain solutions. I have lost quite an amount with some projects who had a great vision yet the greed of men which never ceases made them give a damn about their solution. Once they make their profits they abandon the project. Henceforth i have also taught myself not to hold all the assets of any project but sell some and hold part of it. That way i don't keep all my eggs in one basket.

[Heimer]

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.

I did 2 things:

1. Long-term investments
2. Daily Trading

Perhaps what I often do is daily trading. Daily trading, in my opinion, is profitable but sometimes it will also be a loss. My strategy now buys the coin when the price is red. And I also did not wait for a long time to profit, but the price has increased and made a profit, I immediately sold.

Long-term investments are also still the best strategy for generating profits. But we must be patient to make a profit and at this time the coin price still does not grow taller. So I focus more on daily trades.

Day trading is very hard even for expirienced traders. You HAVE to be really good trader, know markets and try to be as up to day on crypto news as possible to be able to generate sustainable profits from day trading

[ShooterXD]

The best advise in the world is: Buy low and sell high!

But, to get a ruge profit, you should have a lot of psicology control and a long term plan, to wait a long time to take the PROFIT! The big one! =D

[jmigdlc99]

For me it was "you miss 100% of the shots you don't take."

Was a hell of a real eye opener considering i just used to sit down on my money the way parents do and they just keep saving and saving in the bank. I'm so happy to have read books like rich dad poor dan and as a result have luckily invested in some winning coins and stock. Bitcoin, in my opinion, really is starting to look like an appetizing buy tonight.

[LUCKMCFLY]

For Investment in the Crypto market is simple, it is known that the stock or Currency that will guarantee at some point will be Bitcoin, and if you want to diversify in Crypto then it is best to follow the currencies in the top5 of CMC.

And if it is an investment, it is to place your money there and wait as long as it takes until you get benefits, normally it is best to buy at the Accumulation stage and identify the Distribution Stage and sell there.

[dunfida]

Patience is the key to success
Dont lay your eggs in one basket
Learn from your mistakes

Common and basic words but it isnt really that easy to sustain up yourself on a very unpredictable market.
Dont lay your eggs on single basket is good but sometimes it do had adverse effect if you didnt able to
find out the right basket of your eggs that have been putted.

I agree on the line on op said that "you never loose until you cash out"  which is more effective than other advises.

[CarnagexD]

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.

Actually, for me "Do not ever put all egg in one basket" this quote is my favorite and I always apply in my different investments. This quote tells then never put all your money in one investment and you should split it in different investments because this thing will help you to lessen your losses once the price goes down. We have a different quote in our life but for me, in terms of investments I always remember this quote and maybe some of the people in this forum also know this quote.

[doomloop]

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.

Actually, for me "Do not ever put all egg in one basket" this quote is my favorite and I always apply in my different investments. This quote tells then never put all your money in one investment and you should split it in different investments because this thing will help you to lessen your losses once the price goes down. We have a different quote in our life but for me, in terms of investments I always remember this quote and maybe some of the people in this forum also know this quote.

It is a cliche but it is really true that we should never put all of our eggs in one basket but we should also remember that we should not over diversify because if you don't have a lot of money and you will over diversify then the profit will be so small that it can't even give you the profit that you expected so it is all about balance on where to invest.

This reminds me of a quote, “You can do anything if you stop doing everything”. Similarly, One can make huge profits if he keeps his focus and belief in one good asset especially crypto coins. These have been around for years now and so far, bitcoin has produced the most profit. It is known as the mother of digital coins and the future. Many a times, people doubted its survival strength but here it is, the most expensive yet most promising coin.

[man22555]

'do your own research'

It actually gave me more confidence in trading and learning about cryptocurrencies. And not to follow some random guys on Twitter or signal providers and stuff.

[qiwoman2]

The best advice I have heard, which unfortunately I didn't listen to of late is NEVER put all your eggs in one basket. I have done that with one investment and unfortunately, my funds are tied there and I can't get them out. Hence now I will never make that mistake again and I will try from scratch now to collect various bags form different coins and projects as opposed to being loyal to just one brand, that in all events can be high risk and I can maybe lose all my money in it. From this moment forward I will adhere to that advice like it is coming from God and never ever be loyal to just one project or company alone. That's the biggest and costliest mistake I have made after the other big mistake of not selling coins on the High in January 2018.

[carlfebz2]

'do your own research'

It actually gave me more confidence in trading and learning about cryptocurrencies. And not to follow some random guys on Twitter or signal providers and stuff.

Yes. Make your own analysis and research on your own. Do not be dependent with other people's suggestions because their suggestions might only work for them but not for other people. And invest only what you can afford to lose. Crypto investment is very profitable especially if you have special strategies applied on it but we should not invest our whole savings in it because there is still no guarantee that we can reap good profits all the time. Losses is also inevitable in any types of investment.

Factors that should be controlled/learned;

-Emotion handling
-Risk management /Fund management
-Dont rely on guts and luck or simply dont do gambling

It isnt bad to look on others ideas as well but you should know how to balance if its
good to apply it on your own investment behavior or not.