Tips to overcome fear crypto investment and reason to invest for newbies

[michellee]

Lastly, Do not forget to sell when market for crypto is good.

I agree with this. Many of us don't sell our assets when we see the price start to rise and finally touch the highest price because we want a bigger profit from the assets. Sometimes, we forget that the coin will not stay at the highest price for the long term, and we need to use that moment to sell, so we can make a profit while we can. We become greedy because of wanting bigger profit, and that is why many of us still hold the coins for the long term without having a chance to sell it at the highest price again.

You need to hold your coins and don't panic if the price is down and sell when the price at the highest price. That is what we always need to remember so that we can make a profit.

[Towerbreeze]

Honestly we can't do without FOMO and greed in crypto space, if you are been greedy on promising project you will get positive results, if you are been greedy on pump and dump projects you will surely get the end result too, to me it's all about quality projects, FOMO on top quality projects you will still end up with good profits

[AniviaBtc]

6. Do not be greedy,
If you feel like investing more then that could be a sign of greed but it is alright to invest more when you wanted. Just remember the the tip # 3 to only invest only the money you can afford to lose.

Most of the newbies here in this forum and in investments are so greedy that they are looking for an easy money.

Bitcoin isn't used for that kind of mindset, bitcoin is not the best tool for them.

Instead, they should go and see a casino where money is fast enough to drained and loss.

[pooya87]

because majority of altcoins are terrible investments since they have no long term potential and they have always been losing value in long term. that means holding them is a guaranteed loss. in altcoin cases selling when you see a dump is the wise thing to do.

Actually it depends on the altcoin you are "holding" and "investing". There are some altcoin that has long term stability and it also depends on the use cases or benefits to someone holding it I guess. I respect your opinion, but I am holder of an altcoin specifically Binance coin. Ive dont see any reason I am gonna sit on a guaranteed loss well in fact, holding it gave me some beneficial gains you could get on bitcoin itself.

well, its your analysis and you should stick to it.
i have not yet seen any altcoin with true long term potential yet. coins like BNB are too centralized for my taste and they are pumped mainly because of their centralized owner that has been performing well not because they are useful. the day the owner (ie. the Binance) stops being successful, the token also dumps hard. for example when Binance goes the same route as Bittrex, Poloniex, Cryptsy and MtGox their token drops to zero.
that is not something that i would want to be involved with in long run. which is why when i get involved with altcoins it is for short term and as a trade during their pumps and i sell before the dumps begin.

[cryptoaddictchie]

~snipped

Totally get you. Everyone here has their own voice and opinion regarding certain projects. I am indeed sticking with it, it could dump but as a number 1 exchange I cant see it happening at the moment. Well in fairness with comparison to those got mentioned I rarely used them or never I guess.

I have my own risk assesment anyway. Thanks for the input. Sorry got trigger about your comment about "ALL" altcoin, well everyone has their favorite. Even theymos like an altcoin called grin.