lombok (OP)
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March 26, 2022, 05:15:45 AM Last edit: March 26, 2022, 05:33:12 AM by lombok |
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In order to be successful in investing in crypto holdings, there are several steps that crypto beginners should know. This is to avoid getting caught in a scam project, losing while investing, not maximizing profits.
1. Coin selection! This point is very important, if we are wrong in choosing and analyzing what we do during the holding time it will be in vain. Of course this is a very difficult thing to do where we will be presented with thousands of lists of coins on the market today.
Just a suggestion, if you are a beginner and feel confused about choosing a coin for long-term investment choose BTC, ETH, BNB, LTC, XMR, ETC, BCH. Even though they are old coins, the performance they have is very good. There is no doubt that these coins are also widely accepted as a payment method at various merchants, it is possible that in the future there will be many milestones that they will pass with the next success story. Consistent price increases, the coins are undoubtedly capable of recording consistent and unexpected price increases. At least there is a guarantee that if we invest long term we will get a profit.
2. Hype (Project Crypto/Token). The main mistake beginners make when entering the crypto world is that they are easily carried away by the hype they should avoid. Newbies are very easily carried away by hype, they are tempted by the lure of huge profits that don't make sense. Often they enter at a high price and come out with heavy losses because the token is a scam/rugpull. This must be taken seriously by newbies.
3. Buy Coins Periodically. If you have determined which coins to buy, buy the coins periodically using the averaging or DCA mode. This allows you to get a low average buying price.
4. Hold on tight. Do not sell your assets until you reach the target.
5. Sell Method. Never sell all the coins outright. If you make a long term investment, it will cost you money. Why do I think so, if the asset you own continues to rise in price then you will lose the opportunity to earn more profits. The effective way I've ever done is to sell it little by little like the way to buy DCA (dollar cost average), but the difference is that we sell. So we will get a high average selling price.
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SyndicateLabs
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March 26, 2022, 09:07:11 AM |
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Over time, those who realize for themselves that experience with the market brings skills and opportunities to them, there will also be many who fail the market and cannot escape control from it. Most people attach too much importance to profit and ignore some basic but very important steps, I always like and support them before taking any action. Judge for yourself what results it produces.
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gurunanakji777
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SOL.BIOKRIPT.COM
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March 26, 2022, 04:57:48 PM |
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A good piece of advice for the newbies while entering the crypto market. Yes, I agree one should not be enticed by the overhyped projects and should not be tempted to fall into the trap. Yes, the best way is partial buying and partial selling in order to get the maximum profit when you are not able to identify the market trend.
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poodle63
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March 26, 2022, 05:06:17 PM |
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You forgot to mention somethings like
1 sustainable development
2 competence team
A project both will become the next red flag project as the dev has no competence to develop the platform. this has proven that so many times the competence developers can revive the project while any project that being handled by amateur developers will always be dead.
Your suggestion was so good but remember that you are forgot to mention the most important aspect called sustainable development and competence team
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evichi
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March 26, 2022, 05:47:58 PM |
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The points you listed are quite beneficial not only to newbies. Items number 3 and 5 are good investment practices that I think are beneficial. In addition, it is important to be guided with basic investment principles, such as: (1) Ensure that you invest only the amount of money/resources you can afford to lose (2) Don’t put all your eggs in one basket, etc. It is important to manage the associated investment risks and not to be carried away by hype - most especially associated with meme coins in recent times.
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Sterbens
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Duelbits.com
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March 26, 2022, 05:59:34 PM |
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When the incessant growth of cryptocurrencies, this advice will be very useful for beginners who really want to try to find investment alternatives and some other suggestions that are really needed at this time. Given the rampant crypto fraud, of course, the selection of certain cryptos must be done. In order to at least be able to minimize the loss of the wrong investment.
For the OP, if possible always update the thread and include any other suggestions other users may have given as additional references.
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husdemba
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Pepemo.vip
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March 26, 2022, 06:06:10 PM |
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Newbies are looking for a lot of information about this market. The most important thing for me is to listen to your own voice. There are many scam accounts on the internet. No one will give you free money in your pocket. The best choice will always be to do your own research.
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lombok (OP)
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March 27, 2022, 06:07:20 AM |
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Over time, those who realize for themselves that experience with the market brings skills and opportunities to them, there will also be many who fail the market and cannot escape control from it. Most people attach too much importance to profit and ignore some basic but very important steps, I always like and support them before taking any action. Judge for yourself what results it produces.
If we enter the market, at least the end goal is profit, then we should have a solid plan, what we should do with the current market conditions must be clear. I don't expect newbies to have to experience failure and out of control continuously, at least they have the big picture and clear steps in responding to the market to achieve their goals. -snip- Yes, I agree one should not be enticed by the overhyped projects and should not be tempted to fall into the trap.
It is undeniable, many newbies are trapped in this case. Beginners should open their minds wide and find out why so many people here are not advised to step in the hype. However, I think the lack of education, information, previous research from various sources such as this forum has made them blind and dare to enter the hype project with all they have and end up loss all they have. -snip- Your suggestion was so good but remember that you are forgot to mention the most important aspect called sustainable development and competence team
Thank you for your input, I will update this point, because I also think that these two points are the main factors for the development of a project that supports the growth of the token or coin value in the project ecosystem. I ask permission to bring the two points that you suggest in my thread when the update later.
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| | │ | ██████████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████████ | CRYPTO WEB3 NEOBANK | ██████████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████████ | │ | | | | | |
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Eternad
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March 27, 2022, 06:12:29 AM |
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Newbies are looking for a lot of information about this market. The most important thing for me is to listen to your own voice. There are many scam accounts on the internet. No one will give you free money in your pocket. The best choice will always be to do your own research.
How can you listen to your own voice if you are still newbie and don't know where to start. Do your own research is good but you will still need learning material like books and video tutorials coming from a trusted source. Having a reliable source is the best way to make a good entry point in crypto. You can't do a successful investment in crypto without relying on knowledge of other user that already has experience on crypto dealings. You just need to search for them carefully.
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GatotKaca
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Seabet.io | Crypto-Casino
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March 27, 2022, 06:42:25 AM |
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Unfortunately, beginners sometimes enter the market because of the hype that occurs. the hype that ensued on some coins and became popular in the community sparked newbies to jump in. I think there are many such cases. Then, beginners who are very easy to panic when they see market fluctuations. when the assets they own pump, beginners tend to panic sell. This can be seen from the lack of careful planning before investing. The main mistake is that beginners do not understand how to read the direction of the trend from the market. so they can not exactly determine the time of entry and departure time. OP's suggestion is quite interesting and helpful.
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YellowSwap
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KUWA.ai
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March 27, 2022, 07:11:25 AM |
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Thanks for the advice but hype have given me some profits that I can't earn from top projects in the crypto world, hype was the reason I invested in shiba and a few metaverse coins like meta hero and Altura, the most shitty coin do bring profits as well but you should play safer by investing only what you can afford to lose.
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cvasy
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KUWA.ai
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March 27, 2022, 07:16:18 AM |
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Newbies are looking for a lot of information about this market. The most important thing for me is to listen to your own voice. There are many scam accounts on the internet. No one will give you free money in your pocket. The best choice will always be to do your own research.
Doing research and asking experienced people is a solution for every Newbie to know how the market conditions are because by asking he can also explain things he has heard from other people with what he saw for himself about how the actual market conditions are.
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danherbias07
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Leading Crypto Sports Betting & Casino Platform
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March 27, 2022, 07:38:47 AM |
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All important. I think the coin selection is where you will take your time. With a lot of choices out in the market now there's no telling which one will be successful or not so you have to thoroughly check each coin, their project, and their team. Even when there is a hype of a coin and it comes to your liking if you are sensitive about investing your money then you would do it the right way. By doing that, the risk of being rekt is lessened although still possible.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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gantez
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March 27, 2022, 07:50:23 AM |
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Newbies are looking for a lot of information about this market. The most important thing for me is to listen to your own voice. There are many scam accounts on the internet. No one will give you free money in your pocket. The best choice will always be to do your own research.
How can you listen to your own voice if you are still newbie and don't know where to start. Do your own research is good but you will still need learning material like books and video tutorials coming from a trusted source. Having a reliable source is the best way to make a good entry point in crypto. You can't do a successful investment in crypto without relying on knowledge of other user that already has experience on crypto dealings. You just need to search for them carefully. Listening to your own voice is to know that there are scam everywhere and being careful not to fall into them is the point. Don't involve yourself in payment for promise of service when you don't know the person or have trust that they will deliver it. Involving yourself in a payment group as a newbie may not be the best because you can't learn but always relying on to it for easy help.
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SyndicateLabs
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March 27, 2022, 10:34:30 AM |
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snip
If we enter the market, at least the end goal is profit, then we should have a solid plan, what we should do with the current market conditions must be clear. I don't expect newbies to have to experience failure and out of control continuously, at least they have the big picture and clear steps in responding to the market to achieve their goals Like it or not, it's inevitable, I understand that the predecessors always wanted to create a good knowledge space, but the bad guys also appeared a lot to steal people's money. That's why many market participants are completely dependent on others. It's not always easy to start anything because remember to try to do better than everything and be satisfied with the results you get.
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yazher
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March 27, 2022, 11:04:48 AM |
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Over time, those who realize for themselves that experience with the market brings skills and opportunities to them, there will also be many who fail the market and cannot escape control from it. Most people attach too much importance to profit and ignore some basic but very important steps, I always like and support them before taking any action. Judge for yourself what results it produces.
This is mostly right since those guys are only human too and sometimes their speculations are wrong and mostly totally wrong which leads to their big losses. If they are always right that would be a problem either because the other will not have a chance to earn as well. More likely they failed to recognize a shit project whenever they read the same road map as the fast project they had in the past which is successful. Newbies need to know that if ever they see some successful project, there are always some people who will mimic it and promote it to them without knowing it was a fake version of the real one.
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masterrex
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March 27, 2022, 11:10:35 AM |
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In order to be successful in investing in crypto holdings, there are several steps that crypto beginners should know. This is to avoid getting caught in a scam project, losing while investing, not maximizing profits.
1. Coin selection! This point is very important, if we are wrong in choosing and analyzing what we do during the holding time it will be in vain. Of course this is a very difficult thing to do where we will be presented with thousands of lists of coins on the market today.
Just a suggestion, if you are a beginner and feel confused about choosing a coin for long-term investment choose BTC, ETH, BNB, LTC, XMR, ETC, BCH. Even though they are old coins, the performance they have is very good. There is no doubt that these coins are also widely accepted as a payment method at various merchants, it is possible that in the future there will be many milestones that they will pass with the next success story. Consistent price increases, the coins are undoubtedly capable of recording consistent and unexpected price increases. At least there is a guarantee that if we invest long term we will get a profit.
2. Hype (Project Crypto/Token). The main mistake beginners make when entering the crypto world is that they are easily carried away by the hype they should avoid. Newbies are very easily carried away by hype, they are tempted by the lure of huge profits that don't make sense. Often they enter at a high price and come out with heavy losses because the token is a scam/rugpull. This must be taken seriously by newbies.
3. Buy Coins Periodically. If you have determined which coins to buy, buy the coins periodically using the averaging or DCA mode. This allows you to get a low average buying price.
4. Hold on tight. Do not sell your assets until you reach the target.
5. Sell Method. Never sell all the coins outright. If you make a long term investment, it will cost you money. Why do I think so, if the asset you own continues to rise in price then you will lose the opportunity to earn more profits. The effective way I've ever done is to sell it little by little like the way to buy DCA (dollar cost average), but the difference is that we sell. So we will get a high average selling price.
IMO, I believe it's good advice for the general crypto community when it comes to managing crypto investment, but im sure everyone has not been able to follow it for instance, first because crypto enthusiasts are not always agreed on the same perspective and goals in terms of holding cryptocurrencies each every one of us has its own goal and limitation. the second is the limited capacity to invest and hold cryptocurrencies for a long period of time things like that are need to be considered. Anyway, crypto whales can do that without any hesitation.
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kojektea
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March 27, 2022, 11:17:29 AM |
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Some theories may be too long, well but the points you mention are quite helpful. I think the other important thing apart from these points is that experience in trading is also very important, because many people understand analysis but don't have the mentality to make decisions or rely too much on emotions. I agree technical is important, but we need peace of mind in trading by experiencing for ourselves how the trading conditions are.
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Ararbermas
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March 27, 2022, 11:47:21 AM |
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Actually these kind of advice and suggestions isn't effective ever since before. because obviously the amount of new investors that getting scammed on the space is keep increasing day by day until now especially if there's a new trending features in crypto because they still keep falling in some ponzi schemes because of greediness..they are blinded always to make the story short.
Infact this one is a very common suggestion in the space as well "invest what amount you can afford to lose". But seems it became a strategy when it comes investing crypto projects.. Lol
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lombok (OP)
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March 28, 2022, 12:04:13 AM |
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Thanks for the advice but hype have given me some profits that I can't earn from top projects in the crypto world, hype was the reason I invested in shiba and a few metaverse coins like meta hero and Altura, the most shitty coin do bring profits as well but you should play safer by investing only what you can afford to lose.
Cool, you can make a profit there. I thought you were just playing hit and run there. Maybe you intend to invest long term or make the coin as a holding investment? All important. I think the coin selection is where you will take your time. With a lot of choices out in the market now there's no telling which one will be successful or not so you have to thoroughly check each coin, their project, and their team. Even when there is a hype of a coin and it comes to your liking if you are sensitive about investing your money then you would do it the right way. By doing that, the risk of being rekt is lessened although still possible.
Point number one does take a lot of time, where we have to make a selection, do various information research and project the role of the coin platform in the future for real life such as adoption. But if we succeed, we will gain unexpected profits for the next few years. Maybe this is a complicated and boring activity, many of them will prefer to ask other people. But be careful this is one of the beginnings of not developing knowledge and skills for newbies, they will continue to depend and not want to learn in their own way.
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