What is the golden rule of investment?

[carlfebz2]

Always learn how to carry out your personal research before investing your money on a particular project, because it will really help you to identify the type of project you are investing. Don't be an hurry to sell your coins whenever you see people rushing to the market to sell than to study the market price very well, if it is favourable at the moment for someone to sell and make a good profit or to hold to avoid losses from the market. Do everything possible to observe all the rules that guided crypto investment because it will really help you to remain in profit making in the community.

Whenever you do make out some investment then its just sensible that you would really be making out some research first before taking any step further because that would really in resulting into that

loss of money if you do really let just yourself to be that careless when it comes to selection plus having those other considerations which is a must.If you dont put up some focus or attention to it then it would

surely cost you.Invest on what you can afford to lose and never ever tend to make yourself impulsive because this would greatly affect you.

[Semar Mesem]

When we invest, of course it's DYOR, if we don't do DYOR then we are like gambling, don't know where our money is stored, and cryptocurrencies are a type of high risk investment so I recommend investing only in amounts that we can consider lost, I think that's the golden rule of investment.

[lornadane]

As investors, of course, we have to understand risk, most of us just focus and think that when we invest, we will definitely profit, even though the two sides, namely profit and loss, are the same, and when bad things happen we usually panic and immediately sell even with a loss position, this is a mistake which is common.

Before we invest of course we have to understand the risks that might occur including the losses we might get, that's why before investing there are many considerations that we should do, including analyzing the market before deciding to buy, besides that patience in investing is very important and at least we being able to maintain emotion in every trade that we will make, the use of cold money in investing and trading is important so that when we face a situation like today, our family or personal finances are not disturbed at all.

[jaberwock]

I wouldn't say that to avoid giving gambling advice, or to listen to others is the golden rule of investing. We can't no everything when it comes to investing, the markets are to big. It can be helpful to take advice from others, but we should always remain critical and make up our own mind. Trusting others blindly is foolish, but making our own research after getting advise from others is clever in my opinion.
For me the golden rule of investing is Diversification, never put all your money into one basket. Luna is a great example for risk management and how diversification would have protected us from decesratinv losses. If we limit ourselves to not put more than 10% of our money into one single alt coin, then we would only lose 10%. Owning multiple coins might make us lower returns if one particular coin rallies, but it also lowers our risk profile considerably.

It is okay to give a gambling advice if we are good at gambling and the person that ask for our advice is also a gambler and willing to take risks. Listening to others is obviously not a golden rule because not all people are honest and not all are good at giving advices. This is where doing our own research can come in place. By doing this we can minimize the chance of getting fooled.

Diversification is indeed one of the golden rules but coin choices are important here. When you pick a wrong coin, you can risk more or your income are going to get lesser but if you are lucky that you pick the right coin, you can earn better and it can also lessen your risks at the same time.

[325btc]

Find non scam assets and dca

[ReiMomo]

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.

Informing / alerting the concern with risk involved as well, will alert him / her to think twice before he pitches in. But yes there are situations when a friend sees his friend gaining profits from a coin, he / she will tend to invest on the same coin confidently requesting his friend to get him the coins in his / her wallet. As he / she is new to the platform, he / she will go through beginning crisis with lots of losses but will yes certainly will learn and gain profits.

[stomachgrowls]

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.

This golden rule works not only in crypto investing, but also in other aspects of real and virtual life. If you give someone advice, and it works, then you will be praised. If it doesn’t work, then you will face negativity, censure and almost an accusation of all financial losses. After all, it is not for nothing that they say that it is free advice that costs the most.

In investing, the golden rule is not to trust anyone and think only with your own head.

You are the ones who should really be trusting  with your own decisions in regarding with your investment thats why its really that sensible that you should really make out some in depth research before

making further step and come to mind off that it was your own money which means you do have the full control on what you should gonna do.Invest on the amount which you can afford to lose

plus having that kind of behavior on where you dont really hear up with others suggestion and recommendation.Always rely with your own preferences and likes.

[Cryptock]

You are the ones who should really be trusting  with your own decisions in regarding with your investment thats why its really that sensible that you should really make out some in depth research before

making further step and come to mind off that it was your own money which means you do have the full control on what you should gonna do.Invest on the amount which you can afford to lose

plus having that kind of behavior on where you dont really hear up with others suggestion and recommendation.Always rely with your own preferences and likes.

There is no golden rule. . The only thing which works is luck.
If it shines bright on you - you are rich. If you are unlucky - you are looser. That is it. That is the real game. Nothing more  - nothing less.

[Dunamisx]

1 golden rule in investing is: never give financial advice to anyone

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.

[Paul Pogba]

Investment always has 2 opportunities, if you don't profit then you lose, don't ever think that investing in cryptocurrencies will definitely profit, this is what makes me never suggest to friends or family to invest in cryptocurrencies, even though there are friends and family who are active in crypto but I never told me about the investment.

[Cling18]

Investment always has 2 opportunities, if you don't profit then you lose, don't ever think that investing in cryptocurrencies will definitely profit, this is what makes me never suggest to friends or family to invest in cryptocurrencies, even though there are friends and family who are active in crypto but I never told me about the investment.

That's why it's really hard to give financial advice even to our relatives and friends because they might have different mindsets and blame us when their investment fails. Some of them might look at crypto investment as a shortcut to getting rich and disregard its risk and when they lose, they will blame you for introducing it. You can share but avoid convincing and let them decide on their own.

[BITCOIN4X]

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.

A little correction from me about your assumption. I don't think financial advice based on someone's experience and analysis is 100% wrong. Sometimes it's true but there's always a chance it's not. The thing to remember is never to be influenced by a lot of other people's financial advice because we must have strong principles in this crypto investment.

It is true to say that any one's analysis and speculation about crypto prices is not financial advice, but it is only good for comparison with what we believe to be true. Have you ever had someone say at the end of their post about price speculation that this is not financial advice? If so, then that's the reason why we can't 100% trust other people's opinions.

[Quidat]

Investment always has 2 opportunities, if you don't profit then you lose, don't ever think that investing in cryptocurrencies will definitely profit, this is what makes me never suggest to friends or family to invest in cryptocurrencies, even though there are friends and family who are active in crypto but I never told me about the investment.

There's only two ways which is to lose or profit and those things could really be affected with different factors thats why its really that needed that you would do all sorts of things and we know
that investment doesnt guarantee success thats why lots of trials and errors to be made before seeing yourself whether you are losing or making profit.
Golden rule is to invest on the amount you can afford to lose just like everyone else been saying because investing on the amount which you are willing to lose
wont really be affecting your greatly whenever you do see different outcome.

[Taskford]

Investment always has 2 opportunities, if you don't profit then you lose, don't ever think that investing in cryptocurrencies will definitely profit, this is what makes me never suggest to friends or family to invest in cryptocurrencies, even though there are friends and family who are active in crypto but I never told me about the investment.

There's only two ways which is to lose or profit and those things could really be affected with different factors thats why its really that needed that you would do all sorts of things and we know
that investment doesnt guarantee success thats why lots of trials and errors to be made before seeing yourself whether you are losing or making profit.
Golden rule is to invest on the amount you can afford to lose just like everyone else been saying because investing on the amount which you are willing to lose
wont really be affecting your greatly whenever you do see different outcome.

To many good words to follow and take it seriously like " if this is to good to be true its not true,invest only what you can afford to lose,never put 1 egg on 1 basket and don't put all your life savings in crypto " this few words is one of golden word for us to take so that we will not get hurt so bad once our investment fails and we should always be cautious or vigilant on our investments because there are so many scams trying to penetrate in the market and tempt us to participate.

[Markinzo]

Giving someone financial advise is no crime it's left for the person to either take or leave it as a choice left for him to make a decision from. Or maybe your friend must have compelled his other two friends to invest too only for them to have come into the market at the wrong time.

Some how, it's difficult to convince a person to understand how a business you brought to him with sugar-coated benefits and gains you're getting from it only for the person to give it a try too based on your advise for them to key into the business too but ended up losing their money. That's why for me, I'll always advise newbie's to invest certain amount they are ready and capable of letting go easily should the investment go south.

[Rockstarguy]

Giving financial advice to someone is not bad but one have to be very careful on the kind of financial advice that is given out.  When it comes finance it is good to advice people to save, when we save some money that is away to startup something good with the money . When it comes to financial advice about investment,  needs to be careful because every investment has it own risk , it can be low or high.

 It is not every risk that every individual can manage.  It is important for people to make their choice of investment,  giving people advice and the investment eventually goes wrong at the end can cause misunderstanding that can destroy friendship.

[Hamphser]

Giving financial advice to someone is not bad but one have to be very careful on the kind of financial advice that is given out.  When it comes finance it is good to advice people to save, when we save some money that is away to startup something good with the money . When it comes to financial advice about investment,  needs to be careful because every investment has it own risk , it can be low or high.

 It is not every risk that every individual can manage.  It is important for people to make their choice of investment,  giving people advice and the investment eventually goes wrong at the end can cause misunderstanding that can destroy friendship.

Good advises could really be able to read up and some of them are just that very common or known which do sounds simple but this isnt something that would really be applied easily by someone
thats why you do lost even more or simple miss  out those opportunities on making profits but instead you do lose.

Invest on what you can afford to lose but doesnt mean that you wont be taking seriously or doing all sorts of things just to lessen the risk so that you would
able to commit or get the different outcome.

[tygeade]

I wouldn't say that to avoid giving gambling advice, or to listen to others is the golden rule of investing. We can't no everything when it comes to investing, the markets are to big. It can be helpful to take advice from others, but we should always remain critical and make up our own mind. Trusting others blindly is foolish, but making our own research after getting advise from others is clever in my opinion.

It is true that getting advice from others could be a bit of a problem. Long term solutions to what we have right now would be to learn how to trade. I always said the same thing, if someone tells you which coin to buy, then you should stay away from that person at all costs, but if someone tells you how you could pick a coin to trade, then you could be doing a lot better. This is why learn how to trade, and not what to trade.

Diversification and DCA together makes it impossible for you to lose if you have patience. Those three things could lead any person, with any capital, to turn into a rich person with enough time, it may take a few years, or may take a few decades but they will become rich.

[BIT-BENDER]

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.

[Cryptock]

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 !