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Author Topic: Be a wise investor  (Read 76805 times)
VDraci (OP)
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October 27, 2020, 06:36:19 AM
Merited by tk808 (5)
 #1

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.
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October 27, 2020, 06:53:26 AM
 #2

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.
These are the right words. Those who are chasing untold riches as a rule are always left with nothing. And the one who is reasonable, chooses the best ways for investment and is able to be content with little, the one who is able to stop in time, having earned enough - he will always remain on his right way and at the same time will be completely satisfied.
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October 27, 2020, 07:13:35 AM
 #3

This is a vital point telling us not to be greedy but a rich man once said 'be greedy when others are fearful and be fearful when others are greedy' , I personally believe that if you know the perfect timing you will end up achieving your goals, those who sold their Ethereum for pennies years back shouldn't be regretting now is they are truly satisfied

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October 27, 2020, 07:14:10 AM
 #4

Better not to think for being rich in just a short period of time and set your timeline longer, maybe a goal after 5 years or more.

Losing money is normal when you are investing, what is not normal is that you are spending money on the things you don't know and that's where a big risk started and many newbies loss their capital because of being too careless on investing.

Always be wise, this is a life lesson that you need to master in order to succeed and its not just on your investment journey. Keep hustling on achieving your dream but don't be greedy, just keep on moving even on a small steps.

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October 27, 2020, 08:15:33 AM
 #5

Nowadays, there are so much investment options we can avail that are endless. But it is difficult to figure out which investment decision will provide the maximum rewards for us. In addition, the excess of information within the investment market makes it even more difficult for us to discover what information can be trusted or relied upon. So to be a wise investor we need to consider things understanding what was all about it to ensure that we have made the right investment decision.

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October 27, 2020, 08:25:06 AM
 #6

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.
There is nothing wrong if you are holding it and you're looking into it for 3 years. Many bitcoin holders are like that but we don't dream of being a whale. Instead, we're hoping that whales will also make us wealthy with their moves.

Being wise in investments happens if you have experienced some problems before. This makes you a good investor because you won't do the same mistake as you did even before.

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October 27, 2020, 08:30:37 AM
 #7

That is true if you dont want to lose every single cents of your hard earned money by trying to be a better investment and thought that you will really benefits in doing a long term investment think twice or even thrice and if I were you always take advantage of every good situation that is happening in the market so that you will gain and earn a good profit rather than wait for a very long time only to find out that you lost everything.

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October 27, 2020, 08:38:10 AM
 #8

To all new comers there should be a thorough research on what to invest, when and how to invest in cryptocurrency.

For easy investment to earn.

Invest in establish altcoins like ethereum,
Invest money that you can afford to lose
do not put your eggs in one tray meaning you need to divide it to different wallet,
Use offli e wallets if there is any like to bitcoin but if there aren't then establish and secure wallet like Myetherwallet will do just make sure that the wallet you visit is legit and not a phishing site.
Invest when coins price is cheaper or when the crypto market trend is down like havinf btc at 6K and below would be ideal.

There could be more this is why if you are newbie in investing cryptocurrency you should at least discover how crypto market works for you to earn.
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October 27, 2020, 09:19:05 AM
 #9

Nowadays, there are so much investment options we can avail that are endless. But it is difficult to figure out which investment decision will provide the maximum rewards for us. In addition, the excess of information within the investment market makes it even more difficult for us to discover what information can be trusted or relied upon. So to be a wise investor we need to consider things understanding what was all about it to ensure that we have made the right investment decision.

That's why you have to start with the kind of investment you like, if you like crypto then start with that, as well if you prefer stocks, property or others.
If the choice is crypto you must see whether the project can actually be implemented, even you believe that the project is good but you need consider about the loss, then this is important to set a goal about your investment.

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October 27, 2020, 09:49:46 AM
 #10

What i usually do, and this is by no means financial advice;
If i invest into something, i usually have a set goal when i'm gonna sell. And that goal should be realistic, not something stupid like 100000x.

For example, 2x is more than enough for my taste. So if and when the coin reaches 2x, i sell 90%.
This is already 80% profit, and i'm happy!

With the leftover 10% i leave just in case it actually does go 100000x Smiley
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October 27, 2020, 10:01:17 AM
 #11

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.

investments need patience and always stay away from greed mate
thats why an expert always said learn first before you earn,, because the first and the best investments is if we want to learn
so, when we ready to drop our money, we already knew how to manage the risk


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October 27, 2020, 10:09:29 AM
 #12

We have different dreams and many people want to become rich and to earn big profit so that's why until they holding their coins
Im not against to them because maybe they have purposes why they hold it and even me Im holding my coin right now because I believe to my own research every people have different thinking but you have also a point on your statement but for sure others will also explanation why they still holding.

 
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October 27, 2020, 10:12:03 AM
 #13

you said to your self that you are gonna be a whale right before you start , that ambition is too big and will be hard to achieve if you have a trait that is verry far from a whale like when you are poor or only have a small wealth .  why not start small , avoid wanting a big dream that is hard to achieve . in that way you will not going to pressure and push your self  . no discouragement and hard feelings when you fail because that was a small failure anyway and what exactly living a good life mean ? that means good food , good house , etc.  you cant live a good life if you dont have alot of money   . you need to get rich to live a good life
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October 27, 2020, 10:35:09 AM
 #14

I think people should be more interested in the quality of projects they are participating in, and less on their investments "mooning" in the future.
 I think the projects you choose to invest in have to be very useful or potentially very useful, without compromising on crypto-decentralization and safety standards. Their developers must be sincere, fast, very talented, skilled, committed, principled, focused etc
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October 27, 2020, 10:36:47 AM
 #15

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.

If you already know you are in profit why need to wait for years just to earn ? if you know you can do that in various projects as long as you just turn your money around. Take profit and find other project that you think will give you a short term gain continue doing that for 3 years and the result will be the same or you will have more profit but its lessen the risk of loosing too much.

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October 27, 2020, 10:41:56 AM
 #16

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 don't think there's such thing as future whale though, it's either you are in the beginning or not.

Self made whales are rare, it will take time before you can call a whale in crypto, and it's subjective, how much crypto you should own before you can call yourself a whale?

And don't chase that I'm going to be rich in 3 years, yes, there's nothing wrong with having a dream, but most of the time it is exaggerated that instead of making a decent money, you chase that goal and eventually you lost. As I have said in the past, this is not a sprint or we are going to compare our crypto journey, it should be a marathon. So it will take sometime before we achieved our dreams in this market.
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October 27, 2020, 11:26:11 AM
 #17

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.
One of the main problem been in crypto is greediness and once you are not okay with little profit, believe me, it will take you back to poor person. I have been there and I am typing from experience.
I have invested $1k Usdt to bnb for $17/bnb early this year, I made profit of $500 when binance made some announcement which peaked it price to $26/bnb. I refused to sell hoping the price will 2x but March market crash almost made me cry and depressed.

Been a whale isn't easy, they also make loss sometimes but i think most whales don't chase new projects. Anyone can be a whale in any projects because we view them with different specs and taste.
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October 27, 2020, 11:27:25 AM
 #18

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.

You could lose everything if you are not an educated investor, it's ok to wish that you are going to be rich we are just human as long as you have a good intention and doing it right you can do it, and it's good to live a rich life and at the same time a good life both are attainable with the right path and determination.

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escalante28
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October 27, 2020, 11:40:10 AM
 #19

We should all be a wise investor, not a greedy one. Let's not get into easy getting rich schemes so we avoid getting scammed. We've seen lots of investors who want to get rich so easily and they just failed because of that. As many sayings invest only what you can afford to lose but sometimes people invest as much as they want to get profit not knowing if they will lose they will have nothing in the end.
akirasendo17
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October 27, 2020, 11:58:09 AM
 #20

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.

This is a good example, as every investor or an experienced investor they never let their coins sleep, instead, they spread their investment, putting money into one project will not do you good even the richest person in the world never do that, always explore other projects because this will save you, in the long run.

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