What is the golden rule of investment?

[dezoel]

Golden rule on financial investment can be an individual decision on what and how to implement such to suit their purpose, but one of it is what you have mentioned, i will like to add to that as well, ensure your investment is on what you're very sure about, don't invest on ordinary thing you just heard and know nothing about, carry your research before making an investment and be fully satisfied with all informations about the investment gotten from different sources, as for me, am not the type that like referral of a thing, I can't vouch on recommending you about something but i may advise you about it, the decision is left to your choice, what works for A might not really work out for B as expected.

I agree with this a lot. You have to arrange your own decisions based on what you can do personally and what type of person you are. You gotta understand that the point of the whole crypto trading learning experience is that every person is different from each other and their goals are different as well.

While one person could want one thing, the other may want something else. This is why I believe that we should not be really shocked at the fact that some people will learn it another way, while you learn it totally differently. Because your personalities and goals are very much different and that requires very different methods of trading as well.

[medicoder]

I agree with you but I also would like to not blame your friend that much because, after all, giving anyone any advice is okay as long as one thinks they are right but the persons who are taking those advices should also do their own research and then invest as much as they can afford to lose and also they should always be prepared for the worst outcome! It is always better to handle money in own hands after learning rather than totally acting on someone else's advices!

[Cryptock]

I agree with you but I also would like to not blame your friend that much because, after all, giving anyone any advice is okay as long as one thinks they are right but the persons who are taking those advices should also do their own research and then invest as much as they can afford to lose and also they should always be prepared for the worst outcome! It is always better to handle money in own hands after learning rather than totally acting on someone else's advices!

With rising inflation and hike in petrol prices - I am not sure about other countries but the situation in our country is very bad.
People are hardly able to make both ends meet. How are people managing the gambling? and most importantly the loss of the money.

[Sebas.tian]

Well my golden rule of investment is, do your research, Use your own capital, follow what you had reach from your research and stay firm, it might be basic but many people do not follow this, it’s funny when people get into Crypto-currency and act as if the whole Crypto-currency investment is different from every other investment, that’s not true, it’s almost all the time the same thing. The difference is that this time around you need to learn About Crypto-currency first.

Yes, learning about cryptocurrency will really help you to understand so many things about cryptocurrency investment, which will help you to know when to sell your coins in the market and make a good profit at the moment. Never you get tire of carry out your personal research which will really help you to monitor the market price during the bear market or during the bullish market because during the bear market many people don't sell than to hold for the price to increase higher before they can sell while during the bullish market many people rush to sell their coins to make a passive income from their long term investment.

[Tony116]

Well my golden rule of investment is, do your research, Use your own capital, follow what you had reach from your research and stay firm, it might be basic but many people do not follow this, it’s funny when people get into Crypto-currency and act as if the whole Crypto-currency investment is different from every other investment, that’s not true, it’s almost all the time the same thing. The difference is that this time around you need to learn About Crypto-currency first.

There is no golden rule of investment. Sometime the real profit makers are those who break the rule.
Like take an example of crypto - did those who invested in crypto when it started were following rule? They just travelled on the path which less people followed. And see where they are. Look for the opportunities and grab the best one !

In investing, we need rules to limit risk. If the investment does not follow any principles, it is easy to lose control and lead to losses. Cryptocurrency investing is not always profitable for you so knowledge and rules are two essentials to help you limit your risks and calculate moderate returns.

[Wong Gendheng]

2 or 3 days I'm sure many are crying because crypto drops significantly, the price of bitcoin drops from $ 30k to $ 22k and this makes us have to be wise and realistic in investment, but if we have a long -term hold mission then don't panic because things like things like This is common with bitcoin.

[Kimonoe]

I have a friend who invests in cryptocurrency like me, he is an investor hold Luna and he has also lost quite a bit because of Luna. But what's more sad is his 2 best friends. Those two are also hold a lot of Luna's and Luna's crash causes them to lose all their possessions and become insane. As he said, one person has gone through the crisis and one has not. Those two guys who invested in Luna were all from my friend's advice. He said it was he who indirectly harmed them, money can be earned, but his friend are gone.

This is a sad story that I have heard. Through this story I want everyone to know 1 golden rule in investing is: never give financial advice to anyone. By the time you give them financial advice, you may feel like you're one step ahead of them, but if that advice is wrong, you could be the one hurting them.

I don't think this is entirely your friend's fault, it means that his 2 friends don't have any knowledge of crypto, if they are advised and follow them. those who do not understand risk but optimistically invest, until they finally experience disappointment. Therefore, in investing in crypto, it is permissible to accept advice from others, but personal analysis must be used to determine our steps

[ven7net]

I have a friend who invests in cryptocurrency like me, he is an investor hold Luna and he has also lost quite a bit because of Luna. But what's more sad is his 2 best friends. Those two are also hold a lot of Luna's and Luna's crash causes them to lose all their possessions and become insane. As he said, one person has gone through the crisis and one has not. Those two guys who invested in Luna were all from my friend's advice. He said it was he who indirectly harmed them, money can be earned, but his friend are gone.

This is a sad story that I have heard. Through this story I want everyone to know 1 golden rule in investing is: never give financial advice to anyone. By the time you give them financial advice, you may feel like you're one step ahead of them, but if that advice is wrong, you could be the one hurting them.

Unfortunately, this is a very sad story that is repeated in the lives of many. This once again shows us that investing is not as easy as it seems at first glance, and that in order to be an investor, and also successful, you need to know the rules of this area. Give financial advice, of course, you can, but you don’t need to give guarantees that everything will work out 100%. After all, how does it happen? A friend sees what you earn and also wants to try, and here is an important point, you can give him advice, but at the same time you must tell him that he can lose all and part of the funds. If he is ready to take risks, then go ahead, if not, then let him not play this game. But in any case, it is a pity for those people who lose money.

[TheNineClub]

The golden rule of investing, the most important one, is that you should invest only if you have extra funds just for that purpose. A ton of people look for gold in them thar hills that they risk it all, put up their houses, all of their savings... No one should buy into that notion, no one should invest if they don't have a surplus of funds, whatever that is for them.

[Fatunad]

The golden rule of investing, the most important one, is that you should invest only if you have extra funds just for that purpose. A ton of people look for gold in them thar hills that they risk it all, put up their houses, all of their savings... No one should buy into that notion, no one should invest if they don't have a surplus of funds, whatever that is for them.

Extra funds should be divided

1. Emergency
2. Savings
3. Investment

You should really be allocating or dividing with these parts and investment allocation is something that you do put
into this area on where at least you had already secure out those other parts which is really should be on the priority.
You cant really just focus or do put all in on a single point.

Never ever invest on something that you cant afford to lose considering that crypto market is unpredictable.

[doomloop]

I don't think this is entirely your friend's fault, it means that his 2 friends don't have any knowledge of crypto, if they are advised and follow them. those who do not understand risk but optimistically invest, until they finally experience disappointment. Therefore, in investing in crypto, it is permissible to accept advice from others, but personal analysis must be used to determine our steps

They don't have a knowledge in crypto and that is the reason why they seek advice to his friend but maybe his friend didn't give them a disclaimer that what he taught are not 100 percent guaranteed to work. That was his mistake there and now he is being blamed for their losses but time heals, if they are a true friend they will not exchange that friendship for money that is lost and besides, his friend can do something like paying them and continue to give them a much proper advice.

Now that this happens I think his friends are now going to be more cautious next time and they will now probably learn how to make their own research.

[Lubang Bawah]

These few days make us depressed, I'm sure many have difficulty sleeping and do not feel good when eating, market drops more than 34% in 5 days, even many altcoins are significantly dropped like Ethereum which also drops more than 40% in a week, this is The more makes us have to be vigilant when investing, don't sell anything to invest in Cryptocurrencies because bad things can happen quickly.

[tn211]

These few days make us depressed, I'm sure many have difficulty sleeping and do not feel good when eating, market drops more than 34% in 5 days, even many altcoins are significantly dropped like Ethereum which also drops more than 40% in a week, this is The more makes us have to be vigilant when investing, don't sell anything to invest in Cryptocurrencies because bad things can happen quickly.

I may hope you didn't go all into crypto?

Sure it is bad how things are looking but remember the global outlook is bad.
Make sure to hedge your investment, with sufficient cash, metals en perhaps some stocks..

[Pejoh Asu]

These few days make us depressed, I'm sure many have difficulty sleeping and do not feel good when eating, market drops more than 34% in 5 days, even many altcoins are significantly dropped like Ethereum which also drops more than 40% in a week, this is The more makes us have to be vigilant when investing, don't sell anything to invest in Cryptocurrencies because bad things can happen quickly.

I may hope you didn't go all into crypto?

Sure it is bad how things are looking but remember the global outlook is bad.
Make sure to hedge your investment, with sufficient cash, metals en perhaps some stocks..

When something bad happens we will usually realize and take lessons that putting money in many places is the most important thing. After the price of bitcoin drops more than 30% within 4 days I'm sure many are depressed and stressed, this is the importance of we understand the great risk that can occur, and in my opinion investment that has a high risk such as cryptocurrencies is to use money that we only think of will be lost, so that Whatever happens with the market, we will not be disappointed.

[Findingnemo]

These few days make us depressed, I'm sure many have difficulty sleeping and do not feel good when eating, market drops more than 34% in 5 days, even many altcoins are significantly dropped like Ethereum which also drops more than 40% in a week, this is The more makes us have to be vigilant when investing, don't sell anything to invest in Cryptocurrencies because bad things can happen quickly.

The same thing can happen to stocks or any other investments so it always comes with risk of losing your capital that is why it is important to keep enough liquid cash for survival before going to investment and also it is never recommended to go all it just diversify your investment portfolio into different sectors so it reduces the risk of losing all at once if something goes bad.

The rule to be successful as investor is "Buy Fud Sell Fomo".

[Pujangga]

I think the golden rule of investment is security, the greater the value of the investment, the higher the security, it is wrong if we put all our money and assets into high-risk investments such as cryptocurrencies, the opportunities for loss and profit are the same as what happened today when the market is red.

[Oasisman]

These few days make us depressed, I'm sure many have difficulty sleeping and do not feel good when eating, market drops more than 34% in 5 days, even many altcoins are significantly dropped like Ethereum which also drops more than 40% in a week, this is The more makes us have to be vigilant when investing, don't sell anything to invest in Cryptocurrencies because bad things can happen quickly.

What do you mean bad thing can happen quickly? Do you mean this crash is a "bad thing"? Like it's the end of the world?
Bad thing happens only when you sell during this kind of market condition. But, buying or investing in crypto especially with Bitcoin is not a bad thing to do rather than letting it sit to your bank account.

You're a Sr member since 2016, you should already know that this is just another bearish market which is also essential for the investors. Nothing much to worry about and relax, accumulate as much as you can.

[KennyR]

The golden rule of investment on cryptocurrency can be connected with the following saying "where there's a will there's a way" which means if a person has a determination to do something surely he'll find a way and succeed. This is what cryptocurrency investment is all about, if you're determined to be successful you can. There are more ways, but you should have the patience and the learning to understand the market and the opportunity.

[Bitcoin2009]

Investment is like gambling, 2 sides, namely profit and loss, have the same opportunity, our mistake is to be too optimistic so we put all the money and even sell assets for investment, when a problem occurs, for example, the value drops, we will lose money, even what happened with LUNA has often happened in cryptocurrencies before.

[fullhdpixel]

2 or 3 days I'm sure many are crying because crypto drops significantly, the price of bitcoin drops from $ 30k to $ 22k and this makes us have to be wise and realistic in investment, but if we have a long -term hold mission then don't panic because things like things like This is common with bitcoin.

I wouldn't be so sure about that. There are tons of whales who are very very happy about this situation, because they are seeing this as a chance to buy a ton of bitcoin all over again. I am doing the same as well because I believe that if we do something that the whales are capable of doing, then we should be quite happy about the situation as well, whatever whales are doing should be repeated by us.

People with a ton of money are happy that it is dropped so they could buy some more. Hell that microstrategy company is in 1+ billion dollar loss right now if they sold it, but they won't, and would probably buy as much as they can afford right now too.