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Author Topic: Be a wise investor  (Read 76805 times)
Zeehaxan
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October 27, 2020, 08:14:40 PM
 #41

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.
In other words you want to say that taking small profits is better than hodling for longterm. Well it depends, it is individual choice and strategy, I do take profit with small holdings or new coins while i try to accumulate btc and eth for longterm hold.

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acdc
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October 27, 2020, 08:17:45 PM
 #42

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.
Yes, successful investors are always satisfied with reasonable returns and are willing to stop with small profits.
People can't instantly get rich overnight, making money is a long and demanding process. It's best to learn to be patient instead of impatient to get rich quick.


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Yatsan
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October 27, 2020, 08:21:22 PM
 #43

Being a rich man using crypto is a long process and could not make it to be that instant for the reason that along the way, there will be lots of struggles and challenges that will arise specially we are all working into a volatile market so you better look upon sudden changes and must be able to adapt and think of possible ways on how you can work on such struggling situations and make it assurance that you are still making yourself profitable in any way possible. Being a wise investor makes you a need to be a responsible one on spending for you will be obligated to make ways on how you can make sure that such investments will gain you profit and not the other way around. Being a rich man is not that easy, the misconception that people are always thinking is that getting into crypto makes you an instant millionaire is not true so better make yourself educated to become a wise investor.

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Kasabus
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October 28, 2020, 12:02:26 AM
 #44

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.
Yes, successful investors are always satisfied with reasonable returns and are willing to stop with small profits.
People can't instantly get rich overnight, making money is a long and demanding process. It's best to learn to be patient instead of impatient to get rich quick.
Yes. Investors who get rich in time surely worked hard for it and not just dreaming and depending on whales that somehow it will make them wealthy. Wise investors always start with small profits, taking step by step strategies until they come up with bigger profits. I also believe being a wise investor needs a lot of patience and perseverance so he can still overcome those unexpected losses that will surely come along the way.

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baiwei
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October 28, 2020, 01:48:27 AM
 #45

Being wise investor doesn't mean you did not meet failure, as they say failure teach people to be wise. In this case, learn from a past mistake and be more wiser this time like investing if you once failed then stand up on the second phase in investment then be wise. Studying and having good research before investing is always a good point and leading success.
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October 28, 2020, 04:20:08 AM
 #46

Being wise investor doesn't mean you did not meet failure, as they say failure teach people to be wise. In this case, learn from a past mistake and be more wiser this time like investing if you once failed then stand up on the second phase in investment then be wise. Studying and having good research before investing is always a good point and leading success.
Being a wise investor means we know how to choose the right investment for us, and we can search for the correct info in the right place.
Besides that, we will know how much money we will use to buy the investment because we always calculate and predict how bigger the profit and the loss in the future, and we can make another plan if something is run out of our prediction.
You can have big wishes for your investment, but you also need to remember that there will be time to see that your plan will not always work perfectly for you.
It will no problem if you make a mistake because that will be your lesson for you to be a wise investor in the future.
When you can have much experience from the lesson you got, you can improve your skills, which means you will have a chance to profit.

Salauddin1994
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October 28, 2020, 04:31:20 AM
 #47

We always have to search the market for intelligent investors but many times there is a loss but loss helps us learn something new in the case of investment decisions have to be made with understanding and cold head do not react immediately to rumors in the market. Decide by verifying the veracity of all the news do not rely on any unsupported formula a good and intelligent investor does not make hasty decisions.
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October 28, 2020, 05:40:27 AM
 #48

That is true always keep in mind that if there is an opportunity for you to earn and gain a much better profit while investing and you have seen that there is a huge pump in the market seize the moment and do not think that you will get a better profit if you wait for a long time because we know how so volatile and unstable the market and the cryptos are and maybe because of that mindset instead of gaining a good profit you will end up nothing and lose everything you have.
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October 28, 2020, 05:51:38 AM
 #49

Expecting a project to bloom in the future is not that bad, but take note that if you look too far ahead you will miss a lot of opportunities. Holding for too long is not a safe investment plan, any project can bloom in their early stage and die later due to lack of progress or mismanagement, some might start slow and grow steadily as time passes. Grab all the income you can and don't let your money sit steadily and wait for the project to grow.
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October 28, 2020, 06:13:28 AM
 #50

There is nothing wrong having a dream, it's never going to be easy or probably fail in the process, I'd say everyone should belief in whatever they feel they can achieve and do try to cut losses, if you want to be a whale be ready to invest only what you can afford to lose and yes it's good to also take profits from projects you have no plan of holding for years

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October 28, 2020, 06:15:18 AM
 #51

With the right investigation tactics you will end up fulfilling your dream, what many people do is choosing the wrong projects and after two to three years later the project end up dead, use case and professional team can bring your dream to reality, like I've said before it won't be easy, yet if things are easy everyone will be bill gates isn't it?

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October 28, 2020, 06:42:20 AM
 #52

It's true that investing is one of the best option to earn but as you can see a lot of scam and shitty projects are all around right now so you would really do some good search and more for good project but if you are just up for profit through altcoins you can just do some trading on the market through altcoins.

One of the reason that scams appear because people invest in scams. People invest money in projects without checking a details. It is necessary to check everything and have a professional knowledge before investing. Always necessary continue to study. Now staking is popular because staking allows to earn more money on holding tokens. Here some news about staking https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc
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October 28, 2020, 06:44:46 AM
 #53

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 do agreee with it but it's actually depend on the result of your DYOR. Sometimes there's a project that can comeback again. you should take a look at how JRT, Utrust have been doing very good comeback to the market.
In this case, selling your coins when you were in profit was a good idea but remember just try to keep a small percentage to be used as a long term hodl.
We didn't know what will be happening with the coins. You can also see how CHSB was doing very good job too.

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TitanGEL
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October 28, 2020, 06:45:21 AM
 #54

When it comes to investment, a lot of people are failing when it comes to their mindset. They always want a investment that will give them huge reward in that kind of investment and I think it is the reason why they are falling to scams project and losing their money. Being a wise investor means that we have a quality of winning mindset where we should first focus on learning than gaining profit in the investment that we will make. Before you put your money in specific investment, try to ask yourself if your knowledge and intelligence is currently enough to handle a lot of unexpected situations? If not then it should be a cue for us in order to focus on leaning more to become a wise and profitable investors. All of investment have risks but we can lessen the risks that we will take if we know a lot of it about that kind of investment.  

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Winscosinally
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October 28, 2020, 08:55:49 AM
 #55

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.
Losing money in crypto space is normal, I don't see how you won't end up losing money in crypto space, well it's a good advice that we should take profits but mind you there are few projects that will surely worth more in future, the problem for most people is how to detect them, Chainlink put a big smile a the faces of their early adopters, from a dollar to 12 dollars is insane amount of ROI
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October 28, 2020, 10:06:31 AM
 #56

Sometimes being a wise investor doesn't mean that you will not fall or mistaken, our willingness to try other strategies sometimes brings us to lose,but that's really how we live in crypto space. Maybe we should invest only small amount especially if the coin is new to you so that when the time comes for the coin not to be succcessful you will not be too affected because your losses is not that huge amount.
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October 28, 2020, 10:24:38 AM
 #57

Sometimes being a wise investor doesn't mean that you will not fall or mistaken,
There is no such perfect investing ,even experts in this market sometimes fell from wrong crypto but id doesn't necessarily mean they are losers.
our willingness to try other strategies sometimes brings us to lose,but that's really how we live in crypto space.
at least after that we must learn something and will not letting it happen again in the same manner as how we lose.this will prove how good traders are we.
Maybe we should invest only small amount especially if the coin is new to you so that when the time comes for the coin not to be succcessful you will not be too affected because your losses is not that huge amount.
We can go big time if we did a deep and good research each time we invest,controlling the investments may save us but also will give us small chance of profiting.

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October 28, 2020, 10:43:25 AM
 #58

It's normal to lose money in the process of trying to gain some knowledge back, this is different from getting greedy for example you invested in a coin and it did 2x and you keep waiting for 30x to happen, I think this is what OP is talking about, it makes lot of sense to be honest, while volatility is alive in crypto world there is high chances that a coin will never go back to it's all time high again

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October 28, 2020, 10:53:43 AM
 #59

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.
Yes, but this is not the rule for absolutely all people.

You can also say, who dreams of big income, he will strive to achieve this dream and, as a result, will come to big money.

And whoever will be satisfied with his small earnings will remain in the same place.
Adreman23
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October 28, 2020, 11:03:58 AM
 #60

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 the danger of over dreaming to become whale or to become rich for a short period of time the result is opposite - huge losses. I think we need to think long term if we really believe on one project selling on losses is not the right action - we need to be patient. Bitcoin is the best example of why patience is important in investing.

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