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Author Topic: Be a wise investor  (Read 76802 times)
KimmyF
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November 13, 2020, 11:50:24 PM
Last edit: November 14, 2020, 12:01:14 AM by KimmyF
 #201

In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.
Your successful advice will work at every stock market. Cryptocurrency is always predictable if you know the history and upcoming announcement. So many people are giving this advice. Actually, most of the investors are invested in cryptocurrency only for profit. I know some bounty hunters don't want to sell altcoins even though they pass into the cryptocurrency golden time.
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November 13, 2020, 11:59:41 PM
Last edit: November 14, 2020, 03:36:37 AM by BitTraderCute
 #202

Just maintain a sell high buy low strategy if there are coin you really value and see a future for if not then use the pump and dump policy Is easier to just get in and get out high if you dont trust the project or you feel is not working towards its main goal
this is simplest strategty and in my opinion its not strategy but rule how we get profit in trading. ,even for beginer investors it the difficulty was on how we identify this sell and buy level meanwhile we were not expert in technical analisys. in fact this is not easy as our said before, we make many mistake when trading.
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November 14, 2020, 01:03:10 AM
 #203

Wise investors are investors who really understand a coin before investing he is always watching, reading, monitoring the progress of the coint it
when all is seen for sure the investor will invest in coin it and when the price starts to pump a little, it will continue to sell and can a little profit then invest in other coin
profit is a little better than waiting for a high rise but in fact the price goes down and it is difficult to return to the initial price, wise investors are certainly not greedy, because they know and can read market movements, if they get a profit they will immediately sell it without waiting anymore
As long as their is profit then nothing to worry about hoe much it will be. However, a wise investors know when to stop holding coins. For now, market is already good and if it happens that you are buying bitcoin at cheap.price then selling it now would be good. However, still waiting for more market price increase is the  best thing to do. We do not know how much market could make this time when bitcoin now is heading towards record breaking for ATH in the year of 2017.
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November 14, 2020, 01:30:15 AM
 #204

In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.
Yes, greed takes us through many levels of emotions, but the results are often very bad. I've seen people go from $ 1k to millions in 2017, but after 1 year he is owed about $ 500k and has no home. Smiley
So please know happily and accept your small profits, as long as we maintain it for a long time, the result will definitely be better than traders using large capital or big leverage. This is also one of the best ideas applied by Warren Buffett, he is a very qualified investor and has never been psychologically manipulated by the market.


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November 14, 2020, 01:43:49 AM
 #205

Indeed, we should be wise investors, because the most important thing in life is not money or wealth. So being rich is not necessarily
happy for everyone, with a good life is more than enough. Sometimes the pursuit of wealth will only tire us out and make us obsessed
with money. By being a wise investor, we will avoid greed. Because a wise investor always uses reason, and can control his emotions.

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November 14, 2020, 02:22:09 AM
 #206

be a wise and smart investor, monitoring the progress of the project is important so that you don't choose the wrong coins to invest. If you are just starting out as an investor, I suggest buying coins 10 and above, it is indeed a large capital, but the possibility of loss is very small.
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November 14, 2020, 03:46:15 AM
 #207

Indeed, we should be wise investors, because the most important thing in life is not money or wealth. So being rich is not necessarily
happy for everyone, with a good life is more than enough. Sometimes the pursuit of wealth will only tire us out and make us obsessed
with money. By being a wise investor, we will avoid greed. Because a wise investor always uses reason, and can control his emotions.
One of the things that makes you wise when you become an investor, is to often do in-depth research about what you are going to invest in, and also consider and speculate about its future developments. many people just choose a place to invest without doing research, and that is a mistake, and it is a decision that is not wise.
Currently, the condition of cryptocurrencies has improved considerably. take advantage of this opportunity by choosing your investment wisely. do some research.

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November 19, 2020, 09:18:08 PM
 #208

Indeed, we should be wise investors, because the most important thing in life is not money or wealth. So being rich is not necessarily
happy for everyone, with a good life is more than enough. Sometimes the pursuit of wealth will only tire us out and make us obsessed
with money. By being a wise investor, we will avoid greed. Because a wise investor always uses reason, and can control his emotions.
As you say the problem is that many people not only want to make some money in the markets what they want is to become rich in the markets with a capital that is too low and this has the consequence that they have to take huge risks in order for them to be able to achieve their dreams, but the problem with that kind of strategy is that sooner or later you're going to make a mistake and that mistake is going to be so big that it is going to be impossible for you to recover, as such people need to be very smart when it comes to investing and to not take risks that are too high just to multiply their money.

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November 19, 2020, 09:24:03 PM
 #209

In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.
I agree. At first I was too focused on holding even though the price of tokens / coins at that time was able to give me profit. In the end the coin / token price fell again and had to hold for longer.
However, people who get a lot of profit, of course, take a higher risk.

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November 19, 2020, 09:29:35 PM
 #210

Lately I lost and I knew why I lost such huge. Best advise I will give every investors is to always do your research and do not be greedy. Know when to sell and when to hold. Always know the trendings in Crypto and follow it up. Understand trading and it's negative and positive to avoid loosing all your profits and capital. Learn to be careful and watchful!
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November 20, 2020, 03:09:05 AM
 #211

Getting rich is not easy and it is not as easy as we imagine, everyone wants to get rich instantly.
 Rich needs extra struggle, as well as being in crypto, which requires patience and choosing a project that is really real, not a scam crypto project.

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November 20, 2020, 04:05:43 AM
 #212

You really needed to be wise of what investment you will do because it will dictate the future that you have. Most of the people who become rich is those who are investing to the project at beginning and if the project grow they get a lot of profit from their investment.

Most of the people right now are investing to the project who is already successful it is not bad but don't expect that he result is big just like the others who invested first so they gonna earn more compared to the lately investors.
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November 20, 2020, 04:15:55 AM
 #213

In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.

What is wrong with aiming higher?

Don't take it as a mistake, greediness, and having a high goal is different. Also, usually, these investors are not really pushing themselves to earn a lot of money, some of them are just taking and maximizing the profit they can get and forcing them to earn more. They are careful, wary, and at the same time wanting to earn more, but for me not to become rich but to become successful.
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November 20, 2020, 05:45:06 AM
 #214

In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.
The chance of getting rich in this world is always slime that's why most people are pure, don't expect this journey to be that easy, if it is everyone in the world will be rich, I'm guessing all you lack is patience, you've run out of patience and you have no clue when another altcoin season will come, look at the market today, still think altcoin season is impossible?

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November 20, 2020, 05:50:31 AM
 #215

In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.

What is wrong with aiming higher?

Don't take it as a mistake, greediness, and having a high goal is different. Also, usually, these investors are not really pushing themselves to earn a lot of money, some of them are just taking and maximizing the profit they can get and forcing them to earn more. They are careful, wary, and at the same time wanting to earn more, but for me not to become rich but to become successful.
When you're successful automatically it gets reflected on your wealth. These day success is defined based on the wealth and not based on one's achievement out of his passion. When it comes to cryptocurrency market just because you're wise you can't make money out of it.

You need to be lucky enough to invest on the right asset that has got the highest growth in short. It isn't possible to find the right one with ease. If you're wise and you've got large capital then you doesn't want to depend upon luck.

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November 20, 2020, 05:55:21 AM
 #216

I'm wondering what will happen if altcoin season begins later and every shitcoins in the market still throws profits to holder's face, OP you will end up regretting your decision because HODL have been a part of crypto space since the beginning, holders knows that there is always a perfect time for them. I'm thinking you are too weak to be a holder
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November 20, 2020, 06:03:05 AM
 #217

I guess the idea of being rich should not be the first priority here. Once joining to crypto world and/or working yourself so hard on office works, being rich shouldn't be your goal. Successful is the main goal in working non-stop. Once, you are successful money will not be a problem and I mean by that is you have all your resources, contacts, friends, skills, mindset, etc.
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November 20, 2020, 06:16:47 AM
 #218

I guess the idea of being rich should not be the first priority here. Once joining to crypto world and/or working yourself so hard on office works, being rich shouldn't be your goal. Successful is the main goal in working non-stop. Once, you are successful money will not be a problem and I mean by that is you have all your resources, contacts, friends, skills, mindset, etc.
office works ? you mean you join crypto bounties and other free lancing jobs ? because crypto investing/trading is not an office work although some can track everything profesionaly and they make a chart , creat sheets , etc that is simillar to some office work .

working for money means your goal is to get rich but if your goal is to not get rich you shouldnt have work on here or invest and trade but you only use your crypto for shopping and paying .
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November 20, 2020, 03:08:01 PM
 #219

Thank you for this advice, personally I've made alot of mistakes in investing recently, I lost over 2 eth just Last month being October, and till now, I still find it difficult to get over the shock, most especially when I check the market and see the price of eth going up, I begin to calculate how much my lost eth would have been worth by now and this makes me sick.
Crypto is not easy and no matter how long you've been in it, it's hard not to make this kind of mistakes.

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November 20, 2020, 03:30:54 PM
 #220

Every investor has a different strategy, especially about their beliefs. but I believe that every crypto investor should have a certain target in his investment, I mean once that target becomes a reality then I hope that investors will take profits soon. and other important things are not greedy. people often lose money because of greed and dissatisfaction after gaining sufficient profits.

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