KnightElite
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November 08, 2020, 10:52:08 AM |
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Skipping the learning part is one of the mistakes that should be avoid by all of the investors, a lot of newbies are losing because they skip the learning process wherein they are focusing on the rewards first than in the learning process. Investing is not just about putting your money in a project or in a specific token, it is a continuous process wherein you need to gain a lot of experience and skill in order to become profitable. In my own observation, the reason why a lot of people skipping the learning part is they are too lazy to have an education where they want to earn money without sacrificing time and improving their knowledge. They are thinking short term wherein they want to become millionaire after they just make an investment. If we focus on learning process, there is a high chance that we can become successful in the specific investment that we would make.
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maldini
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November 09, 2020, 05:02:48 PM |
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The main highlight me is understanding what you are going to go into, the danger in question and methodologies to catch up your crypto venture. anybody can identify the phony volume by observing the exchange takes care of for now and then. In reality counterfeit/bot exchanging are generally happened between the Buy and sell orders.
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Daras
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November 20, 2020, 02:58:47 PM |
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Why is everybody here: to make profit, including the new comers. Everything in this life is a process which must be followed in a procedurer manna; as said learning is the first procedure in the process, but the learning process to some is so boring.Too much urge for profit result into greed which is one of the greatest mistake.
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ije07
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PredX - AI-Powered Prediction Market
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November 20, 2020, 03:21:11 PM |
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And also keep in mind not to be interested in coins that have pumped high or Buy when their Coin Price is low after pumping high, I see that mostly applies to new Defi coins. I think anyone needs to be vigilant before putting their money into any project especially with the DEfi project.
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vlast01
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Dolphins Finance TRUSTED FINANCE
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November 20, 2020, 05:02:31 PM |
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If you are a newbie in crypto world you are bound to make some mistakes but this thread is for you on how to avoind making those mistakes
1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.
The better way to get the most useful information of such project is by the used of these forum as you can see most of information related to Bitcoin and other crypto currencies are posted on these forums and every each information posted by the moderators are more accurate and reliable. 2. You want to avoid using the wrong crypto exchanges. This is one thing you want to avoid because it can make you lose all your assets. You need to research about the exchange before even registering. Some exchanges have fake volumes and are not transparent enough.
Better to inspect carefully and thoroughly to ensure that your funds are in good hands. 3. You dont want to rely on a single coin- Diversification is very important when it comes to investment. You dont want to put all your eggs in one basket.
Yes! Its really are important to know that you should invest a money that you can afford to lose. 4. You want to avoid the fear of missing out (FOMO)- When you see everyone buying a trending coin you dont jump in, it might too good to be true
You should have better control on your emotion and don't act harshly its better to observe first the market then decide accordingly on what you seems right based on your observation. 5. You dont want to forget the basic security. Keeping your private keys safe is very important. As a newbie you should understand how important private keys are. Also 2 factor authenticator shold be added to all your exchanges
Always keep your private keys in safe and never trust anyone but yourself.
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Chuky92
Copper Member
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November 20, 2020, 05:18:47 PM |
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If you are a newbie in crypto world you are bound to make some mistakes but this thread is for you on how to avoind making those mistakes
1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.
2. You want to avoid using the wrong crypto exchanges. This is one thing you want to avoid because it can make you lose all your assets. You need to research about the exchange before even registering. Some exchanges have fake volumes and are not transparent enough.
3. You dont want to rely on a single coin- Diversification is very important when it comes to investment. You dont want to put all your eggs in one basket.
4. You want to avoid the fear of missing out (FOMO)- When you see everyone buying a trending coin you dont jump in, it might too good to be true
5. You dont want to forget the basic security. Keeping your private keys safe is very important. As a newbie you should understand how important private keys are. Also 2 factor authenticator shold be added to all your exchanges
The learning part or aspect is very important, because you can't venture into a business or investment without first knowing and learning what it is all about, else you will end up making massive mistakes. Also, you don't Invest just because of what people says, you need to understand what it takes, the risks and what it involves, so that you can make proper planning and so on. I also, I believe that after the learning process, the second most important is investing what you can afford to lose, so that you don't blame anyone for any reason because the crypto space is very volatile just as it is very attractive. All the other points are very articulated and apt, hence I believe this will serve as a good guide to a lot of people.
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skarais
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November 20, 2020, 05:41:45 PM |
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Also, if you are a newbie in the crypto market, you should choose the projects in which you invest carefully, and I know that new projects are more risky because they may be scam. You should study any project and review it well before you take a step forward. You also have to invest with money that you do not need and do not resort to selling Your car, home, etc., for investment.
Crypto investing is a very risky activity, we are all aware. However, the best advice in my opinion is to consider the amount of money you want to invest and that is the amount we can accept in the event of something like a loss due to volatility. I myself never advise people to invest in a new project, this has a bigger risk even though some of them yield good return.
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flagpara
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November 20, 2020, 05:52:49 PM |
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It's always advisable to invest what you can afford to lose man and invest only in a good cryptocurrencies not a shitcoins, how ? just doing a deep learn before investing
Only new investors can keep it in their mind. Even so, I had it because I wasn't confident in my invested coin. When you are serious about your investment, you won't lose your single penny. But on overconfidence, you shouldn't invest all the money in one coin. We shouldn't worry about losing funds. By this we could lose our focus.
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iv4n
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November 20, 2020, 07:40:51 PM |
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You will not make a mistake if you invest in bitcoin or ethereum, when it comes to all others you are taking a bigger risk, but in the end it can turn to greater profit! At least it's what we hope for when we invest in new and not yet popular alts. Avoiding mistakes sounds easy once the game is over, but while it last we make moves, and we hope for the best! Nobody can predict the future, so investing is like gambling, there's no gain without risking!
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Emitdama
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November 22, 2020, 06:39:35 AM |
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Also, if you are a newbie in the crypto market, you should choose the projects in which you invest carefully, and I know that new projects are more risky because they may be scam. You should study any project and review it well before you take a step forward. You also have to invest with money that you do not need and do not resort to selling Your car, home, etc., for investment.
Obviously trading capital should not consist of money that you require for your livings. I think new projects and tokens coming out are mostly scam or they have no intention to build the project and their primary and only objective is to somehow get listed on an exchange and then disconnect from the project and build a new one with new names and profiles. The best idea to identify a good project is actually spend time in their telegram and ask them tough questions and see how they react and if they are just suppressing the questions by force or delete the messages then obviously they are scam. Another thing is to check if they are actually interested in building the product or just want to quickly get listed on some exchange.
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Tomtomwole
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November 22, 2020, 07:20:22 AM |
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Simple facts for newbies to make use of. The learning part is my favorite. Anyone who takes it as paramount will have all others in control. Also make sure you have a protocol for anything you are doing.
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cryptonx
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Futurov
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November 22, 2020, 02:41:13 PM |
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i think the key is learning before earning people should have knowledge before they drop their money to any kind of investments, especially in this crypto world that have higher risk than the other investments opportunity
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fullhdpixel
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November 22, 2020, 06:44:44 PM |
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And also keep in mind not to be interested in coins that have pumped high or Buy when their Coin Price is low after pumping high, I see that mostly applies to new Defi coins. I think anyone needs to be vigilant before putting their money into any project especially with the DEfi project.
You're right, DeFi's popularity could easily have disappeared. we can see a lot of tokens suddenly big dump when traded. it can happen for a long time and even make them continue to be at the bottom without getting up again. we must remain vigilant in investing in new projects. Yeah, but sometimes you miss a chance in doubting yourself because I remember when YFI token first came into my knowledge the price was around $3k-$4k if I am not wrong and the time I spent in researching why it is going high every day it actually made me miss the opportunity because the value went too high by the time I was able to understand how they even work. I think sometimes you have to go with the gut feeling and when the price is boosting, invest some, yes you might lose 7 out of 10 times but the 3 times you make the right investment you can easily 10x your investment which recovers all the losses you made in other coins and those 7 coins you are not going to lose 100% money so you can sell them for maybe 10-15% loss.
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[/tabl
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Sirait
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November 22, 2020, 06:55:15 PM |
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~snip
^ good advice, losses when investing in crypto are very likely to be avoided, the steps are very clear you mention. Newbies don't be lazy to ask questions, must be more active in asking about new things in the crypto world.
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sapnu
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November 22, 2020, 07:42:31 PM |
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i think the key is learning before earning people should have knowledge before they drop their money to any kind of investments, especially in this crypto world that have higher risk than the other investments opportunity
It is indeed important that you should be knowledgeable before you take steps in cryptocurrency because one single mistake can lead to loss of money which we do not want to happen that is why before you invest your money you should study every important information about cryptocurrency and on how to choose a promising project that you want to invest your money in. There are actually things to consider for choosing a particular project to support and you should know it by yourself. Knowledge is the key to success.
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mannybitcoins
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November 22, 2020, 07:46:42 PM |
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thanks for your topic. I think it is very important. Also I want to add some recommendations.
You should:
1. to learn Self-control 2. to study investment and financial mindset 3. to practice with a small amount of money
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NeilLostBitCoin
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November 22, 2020, 07:54:23 PM |
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thanks for your topic. I think it is very important. Also I want to add some recommendations.
You should:
1. to learn Self-control 2. to study investment and financial mindset 3. to practice with a small amount of money
This is the fundamentals that every trader should know. Number 1 is the most important thing for me, it is always be the hardest thing for me and I need to overcome that because in all my trades, emotions makes the biggest role. Number 2 and 3 can be achieve if we are determined to learn and we have so much time now, I mean if we have an extra time, not all of us are full time trader but we should allocate some time to learn and apply it in real time trading, for us to see how does it works.
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Twinkledoe
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★Bitvest.io★ Play Plinko or Invest!
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November 22, 2020, 08:14:06 PM |
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OP already mention many important point even we need face risk if we want invest in crypto. Because there has no free risk here, expected if you gonna invest in a project then your future profits chance unknown. Since i have loss many assets because invest in death project but now i can understand something about them.
At some point in our crypto journey, we will really incur losses with our investments. Same here, during the ICO days, I invested in what I thought a promising project, but ended up crap. Not even have the chance to sell my tokens up until the site disappeared. So sometimes we need to experience a lesson so we will know exactly what to do the next time we encounter such situation. Not all people here know what to do the first time they join this community. For sure, even veterans here suffered losses with their investments.
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ololajulo
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SOL.BIOKRIPT.COM
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November 22, 2020, 08:49:43 PM |
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Have seen many advice on doing your own research but barely seen thread that discuss research as a skill in cryptocurrency especially with its crowdfund. The whole years of master/Ph.D is learning to do research, so it an intelligent skill. It can be taught and should be taught here, lets talk about accessing information on team, ICO and products. How to know if the information is genuine. It will of easier to assess a genuine information if it can be accessed.
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TheGreatPython
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November 22, 2020, 09:06:36 PM |
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Why is everybody here: to make profit, including the new comers. Everything in this life is a process which must be followed in a procedurer manna; as said learning is the first procedure in the process, but the learning process to some is so boring.Too much urge for profit result into greed which is one of the greatest mistake.
Learning process is not bad and boring if you actually have the financial stability and doing the learning for the sole purpose of your knowledge and market recognition, I remember how boring it was in school times because studies were forced on us but now after passing out I myself read through numerous articles just because I love doing it now for my own knowledge. Coming back to the topic, yes learning is important but one should always find the right tools and study the mechanism of the project. There are times when a product looks amazing but the scalability and the sustainability is bleak and requires work to be done. And also keep in mind not to be interested in coins that have pumped high or Buy when their Coin Price is low after pumping high, I see that mostly applies to new Defi coins. I think anyone needs to be vigilant before putting their money into any project especially with the DEfi project.
That's true never buy the token based on how it is performing on the market rather see how powerful the project is how the future of the project looks from current perspective. one can take Ethereum as an inspiration, they made a product that has a significance even now despite so many other similar projects came.
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