Read this before doing any investment

[worle1bm]

As an new investor you can find it difficult to invest in the right coin in crypto market but you need to take some essential steps which will help you to survive in the market with profit making if you understood it right. Here are some of my suggestions to the new traders who want to invest in the market :

1)Coin and exchange Selection primarily:
Select your choice of coin and exchange in which you want to trade with your proper research and knowledge as there are many legit exchanges available like Binance,Coinbase, Kucoin which deals in wide range of altcoins

2) Expect the unexpected:
However, significant volatility does exist in cryptocurrency markets which cannot be ignored. Experienced cryptocurrency investors are accustomed to huge price swings that you often don’t find in traditional markets. By mentally preparing for these unfavorable, and occasionally terrifying, investment performances, the intelligent crypto investor will be able to act rationally instead of emotionally in times of unexpected price drops.

3)Understand the uses for both cold and hot wallets:
Cryptocurrency can be stored via an offline “cold” wallet or an online “hot” wallet. Ease of access makes hot wallets a more desirable option for the beginner investor. However, as convenient as hot wallets are, they are susceptible to being hacked, whereas cold wallets are not able to be hacked (if prepared properly). Ideally, it’s best to store cryptocurrency you plan on saving for a long time in a cold wallet, and keep only a small amount that you might use on a daily basis in a hot wallet.

4)Stay away from ponzi schemes:
At this time there are large number of ponzi schemes running which creates a hype about a coin in the media and creates financial strong background or promise the users 10-15% returns monthly but after they have raise the funds you cannot trace them or you do not get your proper results as what are promised.So it's very hard to indetify them but still you need to look for legit ones

5)Do not invest in shitcoins that are available in the market because they will not grow and your investments will stand at the same rate without providing any benefits to you so it's better to invest in some of the major coins like Bitcoin and ETH which will provide high returns in the long run as they have trust, potential and resources to grow in future

6) Diversify your portfolio:
As said by OP you don't need to invest all your amount in one coin but instead of that put your money in different assests so that if one of them is in dump situation you do not loose all your money which is one of the main strategy of all the good traders prevailing in the industry

7)Ignore the noise and stay calm:
You need to get on your nerves even in the panic and dump situation and think wisely without getting eroded with the emotional sentiment and be the part of panic sellers in the market that will eventually help you to gain profit in the long run when prices again jumped higher if you have invested in the potential coins.

So these are some of my suggestion for the welcoming of new investors ready to move Into the world of crypto currency and I hope you will find it useful and I will be pleased if it will help you in some way.

[The Cryptovator]

Nothing new, investments and trading is quite different. If you are wondering to invest then you may limit with BTC or ETH. Other coins are quite risky IMO. But during trading you aren't limited, you may trade multiple alts. Why you will risk your funds by investing in shit like BSV or something similar even they are in top position in CMC? It's fine don't put your all money in a single coin, but it's not easy to find a potential project. So, I will suggest BTC is the best for investment unless you are talking about trading.

[Kelvinid]

There are three things that I have been doing before investment,
1. Preparation
2. Set a plan
3. Take action

The reason why people always suffered losses is because they don't have any investment direction. Saying to follow the flow and what the majority did is somewhat crazy, yeah, it sometimes falls you into the trap.

[GreatArkansas]

(....)
DON’T PUT ALL YOUR EGGS IN ONE BASKET

I may not totally agree with this especially with Bitcoin and altcoins.
I have this mindset before when Bitcoin was still below $20,000. I am always saying that I should find some altcoins thay is still cheap or their all-time-high are still far from current price. Before, I have lot of Bitcoin and decided to use some to buy some altcoins. But I calculated my profits, if I didn't bought some altcoind and buy only Bitcoin or stay with Bitcoin, I may earn more profits.
Diversifying of assets may not be bad, we should not be more comfortable, we should also always think the risks.

[Strongkored]

Some of what the OP says can be very dangerous for those new to the crypto world, I don't know if the OP has done what it says and works for it.

2 If you don't have much knowledge about crypto market then you can go with top alts,but if you want to get maximum return then should go for new project which have some potential(but you should  have strong fundamental analysis for this ).

Even if only invest in Bitcoin the returns are still higher than investing in a new project which could be just a scam

DON’T PUT ALL YOUR EGGS IN ONE BASKET

Read this thread https://bitcointalk.org/index.php?topic=5199926.msg53024859#msg53024859 will make you also realize that diversification is not always going well for our portfolio

[perla]

DON’T PUT ALL YOUR EGGS IN ONE BASKET

This is a good advice that people should consider I've seen some new investors who puts all their money solely to Bitcoin and doesn't spread their investment to different coins. It's much better to divide your investment to different parts in my case I have 60% Bitcoin and the rest are altcoins.

[jaberwock]

I am sharing few steps by which you people can minimize you risk and can get better return.

1 It's mandatory that before doing any investment you must to your own research about that

2 If you don't have much knowledge about crypto market then you can go with top alts,but if you want to get maximum return then should go for new project which have some potential(but you should  have strong fundamental analysis for this ).

3. According to me this is one of the most important thing, that rather than investing in a single token we should go for multiple token, By doing this you may get less return but chances of loss also decreases.

As we had seen in case of xrp
No one knows what will happen so,

DON’T PUT ALL YOUR EGGS IN ONE BASKET

We all know why XRP crashed, that is because of the SEC lawsuit and then the de-listing from coinbase.

That is the reason why people still consider Bitcoins as the best form of investment despite so many new coins entering the market, that is because Bitcoin has been clean and hasn't had a single hiccup so far.

I was talking with a friend of mine and I asked him why he invests so much in Bitcoins while there are so many other dominant and useful coins like ETH, USDT etc. He told me that USDT and all other cryptos are certainly centralized, which made me laugh but then he told me how a hacker's funds were seized by USDT owners, yeah that is a good thing to happen but it hows that still owners have control over it. That is the reason why people still trust bitcoins above all others.

[CryptopreneurBrainboss]

2 If you don't have much knowledge about crypto market then you can go with top alts,but if you want to get maximum return then should go for new project which have some potential(but you should  have strong fundamental analysis for this ).

Top coins aren't always the best investment choice, in this space market cap isn't all that differentiate a good coin from a bad one. We have many scams that have successfully made their way to the top in regards to market capitalization in the past but got dethrone the moment their shitty practice were exposed. If you look through past record you will realized most current top coins weren't always in the top position on the market ranking and the tops years back, some are no where to be found.

If you lack knowledge, buy bitcoin and relex then invest your time into acquiring knowledge of the technology. You can do that by reading different books on-line and some articles that explains clearly what the technology is all about. Investing in bitcoin require just basic knowledge that won't be hard to comprehend.

The moment you have been able to understand how crypto wallets works, how exchange works too and how to safely store your coins, send and receive them too, then you can buy your first bitcoin while you learn more as you keep updated with the development in the industry.

[Reid]

Number 2 should definitely be the main rule.

I agree, but this could easily backfire to you if you're going to daydream too long. What I mean is, a new project could go up instantly after it's been listed in a certain exchanger, and after that, it will instantly fall down and that's the end of it. Most of projects way back then (ICO), you're lucky if it get listed, because some of them turned into a scam already in the middle of their ICO, that's why it is indeed important to run a background check first to know if a certain token has a potential to give you profits in a short or long term.

Yeah, that's why you are staying with the old school with roots.
There is always a chance it will go up but it may take months or years. Better to stay there than risking more.
Anyway, it's based on my own experience. You could say it's like a trauma. 

I think it is difficult to find potential new projects because what we analyze in fundamentals does not guarantee whether this will still be your return in investors, I don't really guarantee that new projects can get you bigger but we have more confidence in altcoins that are already on the market it's just that we analysis is stronger than the new project.
A lot of things go wrong from taking a step on a new project and it always has fatal consequences.

That is why number 2 is what I chose from OP's post.
I think there is always that dream of being rich by risking higher that cannot be abolished in people's minds.
Even top alts are already at high risk, why go further into investing with much higher risk on a new one.

[Yatsan]

Before really doing any investment to be taken on hand, you must know to yourself that you must first acquire knowledge that is needed for you to survive the risks that are associated within the field of choice you are going to take. Same thing applies on both investing and trading for if you take steps while you are ignorant on certain things that you must know,  you are making yourself prone to risks which includes possible loss that can be manageable if you will just let yourself acquire first prior knowledge before doing any engagement. Know your coin before putting up any amount of money because your aim is to gain profit and not to loose money. Do research about projects before investing into them for some do really looks deceiving on first hand so prior and thorough research is in need to assure the safety of your funds.

[sheenshane]

DON’T PUT ALL YOUR EGGS IN ONE BASKET

I don't agree with this, IMO.
Yes, top altcoins might be good but why not give focus to Bitcoin instead.  Look at the market, when Bitcoin was dropped, all altcoins doing the same movement in Bitcoin, it seems like altcoins swinging altogether with Bitcoin price.  So, therefore, in this case, I must prefer to hold Bitcoin and put all my eggs there.

The "Dont put all your eggs" sayings is must be on storing your crypto assets, you should split them into different wallets to avoid hacking or scamming and that is the right perception.

But anyway, thanks for the input, though it's common advice at least it has a sense.

[Calvin_Gordon]

Thank you all so much for these wonderful inputs, I really learned a lot from all of those. I definitely agree with everything that has been said here. True enough, crypto is worth investing in but it may really be tough and a bit challenging because of some complexities that come along with it. It's also wrong for someone to immediately invest in crypto especially if they have no clear knowledge about it yet. Better yet, it may be best to really conduct research first to know which cryptos may be good for investment aside from BTC.

[el kaka22]

You have to realize that coins you invest and love so much may not be the things you first imagine it would be, normally you may think that bitcoin could be something decent but in reality we trust bitcoin because it is decentralized, not because bitcoin tech is great. For example ETH is a lot better in tech then bitcoin, but it is not even close in marketcap, why? Because in reality bitcoin is decentralized whereas ETH has Vitalik and all his pals deciding what is going to happen with ETH.

Moreover, 2.0 is something we are all waiting for, and almost everyone wants 2.0 to happen as well, maybe miners wouldn't want it but everyone else would love it. So why would I be against it? Well simply put, I think it is obvious that ETH can be changed by Vitalik if he wants to, which is obvious from 2.0, and I do not like that notion. This is the reason why alts are not like bitcoin.

[Grinin15]

If you want to invest then you should never invest all of your money on one thing. Some people usually think that since they are sure that their investment is going to make a lot of money then they will always gain something out of it and so they invest in only one token. That is one way of limiting yourself and not thinking far ahead. Some Items you need to know what you are aiming for and it is that you want to gain money from your investment. What better way to do that than to invest in more than one token. This can prove to be ever reliable incase one of your investments does not go through as you expected it to.

[AakZaki]

of all the tips that you describe about tips before investing, making a research about the project you want to follow is the first thing to do. Looking for as much detail as possible. but if you have chosen the most advanced crypto, the thing to do is check the altcoin  fundamentals. Don't invest in an altcoin that is still having problems, like XRP which ran into trouble with the SEC and then got a big dump. That would be very detrimental to many people. Then having a spare fund is very important to overcome unwanted emergency problems.

[adzino]

I am sharing few steps by which you people can minimize you risk and can get better return.

1 It's mandatory that before doing any investment you must to your own research about that

2 If you don't have much knowledge about crypto market then you can go with top alts,but if you want to get maximum return then should go for new project which have some potential(but you should  have strong fundamental analysis for this ).

3. According to me this is one of the most important thing, that rather than investing in a single token we should go for multiple token, By doing this you may get less return but chances of loss also decreases.

As we had seen in case of xrp
No one knows what will happen so,

DON’T PUT ALL YOUR EGGS IN ONE BASKET

All the best for this year

Some of the things you have said here are just common sense. But people still fails to follow those.

1. Sadly some people just looks at the market and see "how much it is rising". If they see the coin is going up 5x, they think they have got the perfect coin to make quick profit.

2. Almost all of those new projects are worthless/scam. You are saying the opposite thing here.

3. Investing in one good token is better than investing in multiple shit tokens.

[Miaallen]

Going for new projects should have been the best way to make the highest profits in crypto investment not no longer so nowadays except in very few DeFi projects. If you want to go into new crypto investment, look into their bounty and airdrop structure, the pool, period of distribution in comparison to to the time of listing on exchanges, lock duration of the bounty and airdrop payment.
If all those fall within the time of exchange listing, wait till then to invest in the coin and buy the dump from the hunters. You will end up using the price of just a token you want to invest into to buy not less than 10 of the same coin or token.