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Author Topic: The right investment for cryptocurrency...  (Read 617 times)
Boov
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November 03, 2020, 02:23:33 AM
 #21

For beginner investors, choose coins that have a good market capitalization, don't be easily fooled by the hype that is going on.
most of the hype in cryptocurrency will end up losing, because cryptocurrency is very dependent on market demand, when market demand decreases, the price will fall ,.

As it was always a reminder for all the newbie. Don't be fall on the attractive avatar of the projects, don't fall on the sweet candy words regarding on the specific project instead make your own research on that project and have a deep history review about the project, also the team behind it. And most of all pay attention to the most profitable coin that was trusted and proven like bitcoin and ethereum.
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November 03, 2020, 02:37:21 AM
 #22

There is always a risk in online investment and it always depends on your own research. To invest in cryptocurrency for the first time, you should first make a good research on which coin/token you should want to invest in by researching the project development, growth, and most important is the market cap.
This can help anyone to make the right decision in investment But always focus that the investment is affordable and easy to bear for you.
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November 03, 2020, 02:46:22 AM
 #23

Online investment in cryptomarket is not easy, there is always risk in investing online and it always depends on your own research. But to avoid wasting time and the money to be used here it is only necessary to have a good research on whatever projects you want to enter through thorough project researching. Making the right decisions before investing can help you lead into greater investment.
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November 03, 2020, 02:49:33 AM
 #24

No specific amount can be specified Which can be suggested.
I don't think it is appropriate for everyone because mine?i allocate specific amount each time i investing so this part is different from yours.
It depends on your ability and status. Before investing, you should consider how much you will be able to afford.
Well you are not a trader or knowledgeable if you dont know these things before investing since it is Money that we are talking here.
Quote
For beginners who want to invest, I would say that they should first learn about it.
Learn and earn is better.
Only Fool and Idiot people that will just invest without educating themselves first before having their money inside investing.

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November 03, 2020, 03:02:24 AM
 #25

DYOR is a must for everyone especially for newbies but how do they know how to did it? The newbies have come with almost zero knowledge about crypto except for some people who have done the research before try to take crypto as an investment.
I do agree about people should invest what they can afford but it's better if they can invest small amounts as a trial to do deep research in the market especially in altcoin markets.

There were a bunch of scammers on the various platform.
The newbies must also try to manage their money carefully.

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November 03, 2020, 03:07:32 AM
 #26

No specific amount can be specified Which can be suggested.
It depends on your ability and status. Before investing, you should consider how much you will be able to afford.
For beginners who want to invest, I would say that they should first learn about it.
Learn and earn is better.
Yes, there is no specific amount that you can use for investment. All you can do is use the money you can afford, and don't use all in of all of your money for investment, whether it's on crypto investment or other investments. But I suggest you learn step by step of the investment to know more about the investment, and if you think that the investment can give you a profit, you can try with a small amount first to see if that can work for you. If you see that the investment can earn you money, and you see the investment will be bright in the future, you can add more money. But once again, use the money you can afford.

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Salauddin1994
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November 03, 2020, 03:20:43 AM
 #27

The market needs to be well analyzed for the right investment for cryptocurrency if you don't have a good idea about the market you will fall into risk but how much to invest will depend on your own ability and capital be able to invest according to your own capital. Long-term investment in crypto is more profitable and easier to make a profit so learn how to invest well and start small the risk will be less and you will be able to make better decisions about the market later.
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November 03, 2020, 03:38:45 AM
 #28

suggesting a specific amount can be possible because there are indication that you already said to be able to know if how much money is enough for you . if your a low level or a person that has a low skill and low wealth , maybe 20 usd can be sufficient  . the amount is achievable if you have a work and earning atleast a minimum slary .  then 30 to 40 for the second level , and 60 to 80 and above for the 3rd or high level and so on . this was only investing and we dont need too much capital to get started not unlike to trading that we need more because fees are left and right .
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November 03, 2020, 05:03:59 AM
 #29

For beginners who want to invest, I would say that they should first learn about it.
Learn and earn is better.
Just always put learning at the very beginning. What newbie investors do is getting onto an investment without proper research and knowledge. It's very important to have it first before going to the investments that you are interested with. This is a general application not just for cryptocurrency investments but for all investments. Start with knowing bitcoin then so on until you are aware which is the best crypto to invest with your money.

This is the reason why a lot of newbies will curse crypto if they lost because of the lack of knowledge with the situation. They thought they can attack the crypto investments without doing any research at all. Just like any investments, like in fiat, you always do your own assessment before jumping in. So with crypto. If you are really new, why not read first and get the necessary information to move forward. Don't rush yourself, because that will lead you to losing directions.
In 2017, you will hear bad experiences that they've invested during the bull run and got nothing. They bought at the peak of bitcoin's price and didn't know that it's really volatile that it can move quicker than they have thought. Actually, they have never thought that it's going to drop a lot because they were expecting that it will more than the peaked price of bitcoin during that year. If there's a statistics that shows how many of them get back after losing, I think that only a few of them stayed until now.



 

 

 

 

 

 


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November 03, 2020, 06:10:35 AM
 #30

It's true that begginers in the cryptomarket must learn the process because in learning there was earning as long as they understand what online investment in cryptomarket is. So to have a good and right investment, do your own research on whatever projects you want to enter. Having good decision making about the project you opting in is badly needed so that it will take you to the right investment.

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November 03, 2020, 06:33:59 AM
 #31

Cryptocurrency investing could or could not be a good investment. For Cryptocurrency in general, that is true and probably for you as a person as well. There is no 'yes or no no' answer to the knowledge of investing in cryptocurrencies, since the market is historically volatile.


Extreme ups and downs go through the value of cryptocurrencies, Someone's sneezing and dropping the price. It is risky to invest in crypto currencies, to say at least. All investing carries a degree of risk.
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November 03, 2020, 12:22:41 PM
 #32

We should also consider,
-the right coin we should invest.
Not just only the status of a person but also a wise investor shall look upon the ability and potential of a particular coin. If I may add pne more thing, preparedness for upcoming risks and eventually investing the amount you can afford to lose is also one of a factor for a success investment.
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November 03, 2020, 02:09:43 PM
 #33

No specific amount can be specified Which can be suggested.
It depends on your ability and status. Before investing, you should consider how much you will be able to afford.
For beginners who want to invest, I would say that they should first learn about it.
Learn and earn is better.
I will say earning while learning is smarter thing to do by an investor, you are going to invest on cryptos and the amount is affordable for you to lose then why are you waiting, just buy bitcoins and then learn about other coins and new start ups, etc to get more reap from your capital.









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November 03, 2020, 02:13:41 PM
 #34

Learn and earn is better.
Always remember that you will not get the word earn if you didn't learn from the mistakes you do from the past. If you've get fooled on the past then probably on the near future you will not be fooled by some coins that are produced only by the hype of the people. Always think twice on the coin that you will invested because remember that cryptocurrency is an open market in which anyone can manipulate the prizes if they have the large numbers of the coin that you are investing. For those beginners out there, don't be afraid of loosing because always remember that even the most successful person in the world, also lose on their beginning times.



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Rainbot
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November 03, 2020, 02:17:55 PM
 #35

investing must be based on very high knowledge in the field, must be mentally resistant and
capital resistant because by having large capital and qualified knowledge, there will definitely
be great advantages and will get a little loss.

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November 03, 2020, 02:25:09 PM
 #36

Crypto world is very unpredictable, prices often fluctuate, very different from stocks. If a beginner wants to join start with a small value and with an established coin like the top 10 coinmarketcap

Better to do that while trying to understand how volatile market will bring them more benefits.

For such beginners, it's very important to learn every specific influences that may take place in order to follow the track for a much better chances, if newbies see the potential they can create good plans and build a patterns to follow.




investing must be based on very high knowledge in the field, must be mentally resistant and
capital resistant because by having large capital and qualified knowledge, there will definitely
be great advantages and will get a little loss.

Synching both and having great management helps anyone to succeed from this venue of investment, it's always depends from
how you see and how you build your budget taking the risk as long as you believe on your own  assessments.
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November 03, 2020, 04:17:48 PM
 #37

The right investment for Cryptocurrency is Knowledge. As long as you have the necessary knowledge on how to traverse the in's and out's of the Cryptocurrency Industry, you have the ability to earn from it. Learning is easy but honing your knowledge to turn them into skills is something you have to take risk within this Industry.
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November 03, 2020, 04:44:31 PM
 #38

As a beginner never invest without knowing anything in crypto. Gaining knowledge is very important this will serves as a guide towards your journey in crypto industry. A lot of newbies just invest without proper knowledge and also they rely from others. So hopefully they will learn a lesson from their mistakes.

JACS|JUST ANOTHER
COMMUNICATIONS
STACK
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November 03, 2020, 04:59:22 PM
 #39

The right investment for Cryptocurrency is Knowledge. As long as you have the necessary knowledge on how to traverse the in's and out's of the Cryptocurrency Industry, you have the ability to earn from it. Learning is easy but honing your knowledge to turn them into skills is something you have to take risk within this Industry.
Being dedicated and be discipline in crypto is a much needed. Dedicated to learn and to gasp it thru application, there is a need to apply what we learn like learning to do trading and setting what crypto to trade with and be discipline to know when to buy and sell as well discipline by studying all the moves or decision we will be put in crypto may it be in trading or holding. We need to set our mind in what we really wanted as well what is better for that crypto.

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November 03, 2020, 05:01:46 PM
 #40

investing is the same as taking risks, and if you are a new investor then my advice is to invest only in BTC at least to minimize your risk of loss. but if you like investing with a high risk appetite then you can choose your own on the list of coins that are already listed in the CMC market. there are many options there.


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