An advice for Crypto Investing

[Chapsy]

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.

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[Munir575]

Investing in cryptocurrencies is not as easy as it seems and it can be risky. Another thing investors to avoid when it comes to cryptocurrencies is getting caught up in the hype. Before investing you should carry out proper research on the project don't just invest in a coin because everyone is doing so.

[Upgrade00]

Investing in crypto assets is risky, but it can also be incredibly profitable.

Investing in any asset is risky. Investing involves exchanging fiat or other assets for another you expect to appreciate in value over time, but no guarantee that this is going to happen; That's risk.

If you want to obtain direct exposure to the demand for digital currency, cryptocurrency is a good investment.

Majority of cryptocurrencies which are created are bad investments; the market has been filled with so much scam and rehashed projects, finding out a right investment is quite difficult; much easier to stick to bitcoin. Luna has shown that even perceived established coins can fail due to lack of a definite project and actual decentralization.
I've seen a couple of threads over theoas days with this exact theme; advising on how to invest. It's good you do a quick search before making a thread.
Good attempt however!

[Daniel91]

Before each investment, one should be well informed about the market, make a detailed analysis, and only then start investing.
There should be a clear strategy and investment plan and a clear exit strategy.
One should beware of the euphoria of the media and other, inexperienced investors, keep their emotions under control and make rational decisions.
The crypto market has actually become very similar to classic markets and stock exchanges, and the rules are the same.
It is not realistic, nor should anyone expect it to be enriched here over night.
It takes a lot of patience and time for a concrete result.

[Oshosondy]

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.

Use the money you can afford to lose to gamble or trade. Investing on altcoins is also gambling, using the amount you are afford to lose is advisable too. For bitcoin investment, you can wait for bear market and invest for like few years. Do you believe I have most of my money in bitcoin and stable coin? Fiat is inflationary.

Investing in cryptocurrencies is not as easy as it seems and it can be risky. Another thing investors to avoid when it comes to cryptocurrencies is getting caught up in the hype. Before investing you should carry out proper research on the project don't just invest in a coin because everyone is doing so.

If I get you right, you are talking about investing on new projects? They are very risky. I prefer to invest on projects that are existing already and that they are among the first 100 in marketcap ranking.

[Questat]

In addition to that;
 - invest only good coins, not shitcoins or hype.

The wrong choice of coins will literally end up mostly in losing. We need to be smart not just only in picking coins but also in making decisions. I do agree to keep learning, invest more time studying the market as this will help a lot to determine a good time to buy/invest and the best time to sell them. 

[Jawhead999]

No investment plan, or strategy is 100% save you have to take into account all the risks and profits as well. Here is a link for you to discover one investment strategy. https://exio.tech/blog/what-is-yield-farming-in-defi/

Did you mean 100% safe without any risk? LOL
Any investment always have a risk, no matter what the asset it is. Especially you're recommending to invest on so called decentralized finance aka shitcoins.

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.

After I learn and understand how Bitcoin work, I don't have any personal savings on my bank anymore, but it doesn't mean I don't have cash. I still have cash in hands only for my daily expense.

[Lucius]

In addition to that;
- invest only good coins, not shitcoins or hype.

What would be the definition of a good coin? With just under 20 000 coins/tokens listed (CMC), do you think 1% has any purpose and meaning? Those projects that have the most money and the most capable teams get the most visibility, which means the most investment and some kind of false credibility.

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.

I would just warn people here that knowledge is not something that must be bought exclusively, but can be acquired using the Internet, reading books or free education. Someone will say that all this can come at a price, but I want to say that you don't have to pay a lot of money to learn some basic and even a little more advanced things if you want to learn something about Bitcoin.

What is also very important is the moral and ethical issue when we participate in some crypto projects, and for many, it is not important at all. If you doubt that a project will fail, and at the same time you can profit - will you stay aside or consciously participate in the scam for profit?

[maydna]

1. In any investment, you should not use the money for daily life to join because that can make your life in trouble.
2. If you know what you want to do with your investment, you can borrow the money from your bank, especially to grow your investment, but be careful. Not many people can pay back the money. So we need to make sure that we can pay the money back. But you shouldn't borrow money from your bank.
3. Before you invest in crypto, you should learn what coin can give you a return, and so far, bitcoin is the best investment than the altcoin.

But if you want to invest in any new coins or tokens, you need to be careful because not many coins or tokens can increase in the future.

[Apocollapse]

What would be the definition of a good coin? With just under 20 000 coins/tokens listed (CMC), do you think 1% has any purpose and meaning? Those projects that have the most money and the most capable teams get the most visibility, which means the most investment and some kind of false credibility.

I believe he refer to top 10 or 100 coins on CMC or Coingecko that considered as good coins, while the fact they're list only based on the market cap, not from the usage. It's shame how XRP aka 100% centralized coin can get back to top 10 coins, there's other coin is more deserve to reach top 10. All coins except Monero and DAI are completely useless or copycat.

[Oshosondy]

No investment plan, or strategy is 100% save you have to take into account all the risks and profits as well. Here is a link for you to discover one investment strategy. https://exio.tech/blog/what-is-yield-farming-in-defi/

That is true, no investment plan is 100% safe, but out of all cryptocurrencies, investing in bitcoin is safer than others, this is the coin I can tell people to invest and hold for long.

That your link is simply about DeFi and yield farming in a way people can invest to make the coin they buy to take part in a pool of making transactions fast and in the process, it will earn an active income. This can be good for stable coins like dai in a way you still earn money when you stake stable coin.

But on the other hand, there are some altcoins you will stake, earn more coins, but the value of the coin your staked and that you earned with not worth the value of fiat you initially used to buy and stake the coin because of price downturn of the coin you staked. It is still very good to be careful of the coin you want to stake.

What would be the definition of a good coin? With just under 20 000 coins/tokens listed (CMC), do you think 1% has any purpose and meaning? Those projects that have the most money and the most capable teams get the most visibility, which means the most investment and some kind of false credibility.

I believe he refer to top 10 or 100 coins on CMC or Coingecko that considered as good coins, while the fact they're list only based on the market cap, not from the usage. It's shame how XRP aka 100% centralized coin can get back to top 10 coins, there's other coin is more deserve to reach top 10. All coins except Monero and DAI are completely useless or copycat.

Ripple is centralized, yes that is true but other altcoins are also centralized, they may not be as centralized like ripple but they are also centralized and remain centralized, only bitcoin can be said to be not centralized.

[NeuroticFish]

In addition to that;
 - invest only good coins, not shitcoins or hype.

This is an advice that can easily be wrongly interpreted, since it's very hard to know which are the "good coins".
* CMC and such mostly shitcoins listed
* Studying which coins are indeed good need a lot of time and, imho, at the point one knows if a coin is good, he's no longer newbie. I'll add that studying is somehow in the list already, but most don't have the patience for it
* Altcoins can easily die off even if they've started as a honest and good project, just because the team was too small and life things broke it apart (although the usual reason is greed).

Better advises can be:
* if you are not sure, stay away
* be extremely wary on altcoins and new services
* never forget that something too good to be true is usually bad business (scam)
* if you don't have patience to learn, stick with Bitcoin

[Kasabus]

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.

These things are considered necessities if you want to succeed in all types of investments. However, for crypto which is highly volatile, then one should invest it with high caution. But for most of the newbies these days, they tend to believe their own knowledge and invest in crypto the wrong way. They will only realize the truth about crypto once their investments fail and lose their funds. Sadly, one should lose first before they learn their lesson.

[TheNineClub]

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.

All valid points, especially the last one, it should acrually be the first point. Before anyone even thinks about crypto possibilities they should take their time and learn as much as possible about it. That's the smartest and safest thing one can do and crypto education should be a priority to everyone.

[sunsilk]

Those that are investing all that they've got are looking at it like a lottery ticket.

But, it's still important to remember that there's a need for them to do not push themselves that far. Because as they invest, they're taking the risk that they might not even take in the future.

And if they insist, well, it's their money and investment and only them and losses can stop them.

[BIT-BENDER]

Well good work @OP but if you ask me the advice are the ordinary ones that even many newbies should have an idea of, I think it’s time we start seeing more thought after post, that has deeper insight and not so ordinary post that has probably been repeated on the forum thousands of time. Guys go the your research studio, do a really digging, I personally don’t think posting stuffs like this is enough, you can tell your readers your experience when you weren’t following the advice and how you experience has been now that you are following it.

[lalabotax]

Investing advice has been spread so far. However sadly, not all people care about the adivce. What they care about is mainly focusing on the ways to get profits. Whereas the advices are commonly given for us to be able to manage our funds, to decrease losing money, and also to not stress in the crypto world.
first about saving and also taking loans, it is more to the fund management. It starts with where we get the money, it should be free money. Then, how we diversify the money, taking money to invest and also savings, must be included in the management of funds, inclduing how much we invest in several coins.

[Issa56]

Cryptocurrency investment is kind of risky, but I believe anything you are investing in their is always risk associated with it, Also crypto investment is not really easy that's why you have to be very careful whenever you are investing in any coin. Cryptocurrency is not just about buying when the price is low and selling when the price is high, cryptocurrency is more than that you have to do some analysis also which whenever you are doing the analysis you might endup being wrong and you can lose your money. That's why you shouldn't invest what you can't afford to lose and also you shouldn't borrow money to invest because you can't trust any coin.

[albon]

Also, these are some important pieces of advice to every beginner who wants to invest in crypto :

1- You should invest long-term, not short, and stay away from speculative and financial leverage
2- Do not put your entire capital in one token, but rather diversify your wallet with many promising tokens
3- Invest in tokens that have value and do not invest in meme coins
4- Do not let the expectations of YouTubers and bloggers determine your investment decision

[tranthidung]

Your advice is confusing and contradicting each other.

Don't borrow money for investment, that is a good advice.
Don't use your personal savings for investment, that is not right. If you don't borrow money, don't use your personal savings, what is the source of capital to invest ?

I guess your intention when you wrote it is "Don't use all of your personal savings for investment". Correct me if my guess is wrong