We can reduce our chances of loss

[xiboothrezi]

~the result has just entered the market trapped in a useless coin that only spent funds in the portfolio and panicked and decided to take a loss.

that is why we must understand the basic principles of investing. not only in cryptocurrency, but also for all other investment products. need strategy and market analysis, can't rely solely on luck, or will just fall into a loss, as you say.

Unfortunately, many newbies come to this ecosystem because they see the huge hysteria about the fantastic price increases. participating in investing without having a basis of knowledge and analysis, it is the same as entering the forest without analyzing the terrain or maps. Fomo, panic buys or sell, that's not good. accustom ourselves not to be greedy and hasty, respect the process, don't just chase instant profit.

[disconnectme]

Most people lose money in this space because of greed, they heard some people put $100 into crypto and turned it into $10k but what they forget is that it is possible this investment takes 4 years or more before getting 100X on his investment but some people want to turn their $100 to $10k in a month. Have a working strategy

[leatutz]

I am writing this specially for newbies

Rather than investing in a shit coin to have 2x 3x profit within a day,If we invest in the top alts when it is in the Deep, then it can give a good profit.
Specially in a case of newbies, they always run behind 2x or 10x profit and in maximum cases they loose their money , but my friend's 10-20% profit is also very good.
 And please don't enter in market when everything is pumped,if you miss this opportunity then wait for the other one.

Do you think the market is in a pump situation? Why don't you give advice to take the opportunity from altcoins investment. If you don't invest now, I think the next opportunity will be after 2 years. I think top altcoins opportunities are also available. Only a few altcoins hit the last ATH, so all legitimate projects have a lot of chances to lose.

[jahepahit]

The best is to find a low cap project that has a good and realistic idea and invest in it for better profit like the 2x, 5x and 10x. Investing in huge project with a high mcap means that you will  go for 10%, 20% and be satisfied with it.

[cryptoknightt]

I agree with your last suggestion, but by investing in the right ico / Ieo you will very easily make the x2-x10 depending on the performance or the fomo of the project.This does not mean that all ico / ieo coins are good and it will be difficult to find good ones, so you should really do your research before doing that.

[MCobian]

Many newbies nowadays follow trading signals on social media, so they don't do research properly when it comes to investing in Crypto.
They only believe that in the group they are promised 2x-10x profit in the near future when investing in certain coins, even though newbies
are only used by group owners for personal gain. By pumping and dumping coins that have a small volume, which is easy to manipulate.
Therefore I completely agree with the opening post, choose top alts which are safer to get profit.

[Rengga Jati]

That is true that we don't need to invest in shitcoins, always ignore it, moreover those that only increase by hype.
And for the loss that probably happens because of the price decreased, I commonly use this case:
-
1. Hold if the coins are top coins or still have good liquidity or good trading volume.
As long as it still has good liquidity and volume, you may not need to panic yourself because the price is dropped. Be patent and hold for a higher price (maybe also need longer time).

2. we may also activate the feature of stop loss.
We can consider doing stop loss in order to minimize the loss of the funds in the coins. However, I commonly do it if the funds are needed to be sued for another trading again.

3. If we are playing in the future, maybe we can use hedging mode to minimize loss.
Well, in this case, I am also starting so that I don't have enough ideas about how to make it really good ways.

[redsun114]

All the decent coins now were new at some point and people who invested into them reaped unbelievable rewards and this is the reason why we often invest into new projects and tokens because while the risk is always there, we know the rewards will overshadow any risks. Although the problem is that there are like 100 scam and dead projects and 1 decent project so the market is not worth taking risks anymore.

Trading known and dominant pairs like ETH/BTC is a good idea but it is hardly moving too much and unless a bull run is there, you will struggle making profits with these solid pairs. The new tokens that are listed might make or break so if you want to take risks you can try them. Keep in mind that you are into crypto market and risk is like the synonym of crypto trading so don't be afraid but also don't fall to scam coins.

[Emitdama]

Many newbies nowadays follow trading signals on social media, so they don't do research properly when it comes to investing in Crypto. They only believe that in the group they are promised 2x-10x profit in the near future when investing in certain coins, even though newbies are only used by group owners for personal gain. By pumping and dumping coins that have a small volume, which is easy to manipulate. Therefore I completely agree with the opening post, choose top alts which are safer to get profit.

You know if the pump and dump happens and you somehow know about it then those are the best times to make profit too. Years ago I remember there was a coin whose pump was almost certain and I cannot remember the coin name but it was like yeah the prices are going to bloom and I bought some which yielded good profits later as the pump happened and I sold my coins without any hesitation because the coin was not going to last long but pump was always a good possibility given the hype.

1. Hold if the coins are top coins or still have good liquidity or good trading volume.
As long as it still has good liquidity and volume, you may not need to panic yourself because the price is dropped. Be patent and hold for a higher price (maybe also need longer time).

Volume is a good indicator how the coin is doing in the market and a coin which has small volume but is swinging it simply means the pump-dump thing is going on and not worth getting into it unless you are part of it.

[kenelmark]

Yes, You are on the right track. There have a some assumption for a new investor. If they follow the some terms and trading rules then a new investor could not be counted as a failure forex technology trader at all. So, Be safe about your investment and get a handsome profit from cryptocurrency industry.

Yes, because to become an investor is not easy, because everyone must also have a lot of knowledge in seeing, analyzing and researching anything related to any investment, because playing with investing is playing with risk, so you have to be more careful in taking each decision.

[redsun114]

Dropping the chances of loss also means dropping chances of making a lot of money. I invest into top coins so I did drop my chances of loss and I did made a lot of return as well so I am quite happy about it, I have invested on the best time and living the best moments now, I started investing since 2018 (had more before, but got out during 2017 peak) and now I have a decent amount of money and I am not planning on getting out this time neither, I am going to keep waiting for a crash and if it happens going to invest even more to make more in the future bull runs.

However I also understand people who want to make a lot of money, after all we are talking about 2x vs 10x here or 5x versus 50x here and those kinds of stuff are the reason why people go for the small ones. I have seen APY so high on some these degen defi that it was giving you 20% per day or so, those are obviously unsustainable but people got in and got out to make profit. Some people just like the risk and I get that.

[Benefactor]

I think he is saying some decent method of how we will limit our misfortune in the event that we need to contribute securely like what he said. That is to say, in the event that we need to put resources into some cryptographic forms of money with a higher level of accomplishment. Bitcoin and Ethereum when it unloaded a year ago because of the beginning of the pandemic, presently they are acceptable increases.

[sgenuine]

I just constantly make contributions of the received profit, so the income grows and I no longer need to invent anything. Money should never lie idle, even digital.
Money should make money. This is the law of any business. If there was a one hundred percent way to raise the chances of success, everyone would be millionaires.

[ahoenk]

We all know it is easy to say but in reality it is very difficult to do. When you buy coin and it is going down further, you will think twice and probably sell it on loss. And when the coin goes up like maybe only 50% you will sell it immadietly, need years to get a hodler mentality or if you are lucky you buy coin then forgot it untill one day it goes up 1000x.