An advice for Crypto Investing

[TreyARC]

We are heading in a tough bear market I think you need to adjust your advice for newbies, many altcoins will die or vanish, holding Bitcoin and stable coin is the best thing to do right now, when things starts to settle that's when newbies should start picking their favourite altcoins.

No, I'm not seeing will getting back similar to the 2018-2020 bear season where the market badly facing the major price drops. I'm sure that people had already learned to become strong and able to hold their funds these days. In fact, if we could see the trend, it was too far from what it happened in the previous bear season. Though we got this situation back again, I see the market remains healthy in the sense that Bitcoin never falls below $20k, and I really never think it comes.

The fear index is real, people you say? Survival is what matters to people, if situation of the economy gets worsen people won't care about holding crypto anymore, there are still millions of millions people who haven't even invested in crypto yet because of lack of regulation.

[BobK71]

Investing in crypto assets is risky, but it can also be incredibly profitable. If you want to obtain direct exposure to the demand for digital currency, cryptocurrency is a good investment.

Let me highlight the key points you should be aware of before investing:

1. DON'T USE YOUR PERSONAL SAVINGS FOR INVESTMENT - as the saying goes, "invest what you can afford to lose," so set aside money for this purpose.

2. PLEASE DON'T EVER BORROW MONEY - this is a mistake that many people make, and unfortunately, many individuals continue to make the same error by trying to make a significant profit like "e-sabong."

3. INVEST MORE IN CRYPTO STUDYING - As the saying goes, "knowledge is power." More knowledge improves our decision-making abilities, as well as our ability to choose the logical and ethical reasons on which we want to base our decisions. Problems are solved with knowledge. Knowledge improves our reasoning and problem-solving abilities.

If you have anything to contribute, please do so. Let us assist one another.

Yes, you have made some good points and here i can add Refrain from greediness. If you think you have 10% or more profit from your investment money then give it up. Another big mistake that can be made is to invest in shit tokens without realizing it. Many people invest here in the hope of making more profit, but after a period of time the coin does not exist. So you must understand these issues.

[taufik123]

The fear index is real, people you say? Survival is what matters to people, if situation of the economy gets worsen people won't care about holding crypto anymore, there are still millions of millions people who haven't even invested in crypto yet because of lack of regulation.

Fear is related to psychology, whoever the person is, they have an unstable psychology when the market is like today. There are some people who can stand it and have a strong psychology, but they are also backed up with strong funds. But if the funds are exhausted, then psychology will play and collapse. Survival is number one, but of course there must be a reserve even if it's only 1% of the main capital to keep things as they are now, so there won't be many losses and regrets.
Therefore, how important it is to do management before investing, to manage finances in investing and what strategies to use. Becoming an investor or trader must be smarter.

[GeorgeJohn]

It seems that you are a new breed concerning investment, actually some of your point out is very important towards investment of any kind, and i noticed that you would have channel or direct this your advice to newbies than making it generous to us, because many investors has undergoes different method and strategies of investment, and they have master and notice their loophole from investment, if you want to prosper via investment ensure you have observe those you outlines and follow it gradually, do not invest wrongly.

[Mpamaegbu]

3. INVEST MORE IN CRYPTO STUDYING - As the saying goes, "knowledge is power."

Many people think that expression is now a cliché, especially motivational speakers and I side with that and rightly so. For I believe knowledge lies in waste if it isn't activated. Someone reads or knows something but doesn't put it to practice, the value of what they know can't be quantified or measured. So, it's a waste. Those who knew (knowledge) of Bitcoin when it was created but didn't make a bold move by buying it then can't be selling it now. I believe that explains the how thing about knowledge being "potential" power and not "real" power. It's not an automatic thing.

[Asiska02]

I have seen many people investing in crypto because of the hype they hear from people about it and that it makes one rich. But this not what one should focus on rather they should do their own research about the market to know when to invest, buy or sell. The market is volatile and it can disappoint when you have too much expectation about it. Remember only invest what you can lose.

[Mask00]

Right now Time To investment Time now btc Some dump. I Think This is The time to buy others Coin With cheap Price.
I Suggested my all Friends Invest something now you will get profit In few days

[Masplanc]

1. DON'T USE YOUR PERSONAL SAVINGS FOR INVESTMENT - as the saying goes, "invest what you can afford to lose," so set aside money for this purpose.

I don't see using personal savings to invest in bitcoin as something bad. What is bad if all the money money that is saved is use to invest in bitcoin then it is wrong. I can decide to use 20% of the money I have been saving to start investing in bitcoin.