Tips for newbie to long-term investing

[bitgov]

BTC, ETH and ADA are great choice to picks. ADA would be difficult to maintain on long-term but both BTC and ETH are great choices regardless of the event situation right now. Just collect up  your salary to these picks like what you are currently doing right now and keep stacking up those coins, since these two will still be strong in the future, so won't be hurt to hodl it.

I agree about choosing BTC and ETH. But ADA seems not a really good choice for long-term holding. In my own view, ADA price doesn't increase very significantly, the price move of this coin looks rather slow. I think it is better to exclude ADA and choose BNB coin, BNB seems more convincing to buy and hold long term. BNB is the coin from the biggest exchange in the world (Binance) that has many functions, and it also has a burning program. Burning program will decrease the number of BNB supply and increase the value significantly.

I met an 8 grade student last night and he said I am investing my small savings in ETH and BTC
for a moment I was shocked and looked at him. If he is smart for invest at this age - what is he going to do when he will grow up. Kids are getting very smart these days

[LUCKMCFLY]

While everyone want to invest in bitcoin - people want to be rich very quick

Investing in Bitcoin does not mean you will get rich. Because you have to understand that Bitcoin is a training coin. This coin also trades. And for that it is not understood when this coin will be up or down. If you invest in this Bitcoin during market down or bear market then you can profit. But if you buy Bitcoin at the highest price then you can suffer loss from here too. But it can be said that you can profit by holding Bitcoin for a long time.And definitely invest your extra money here because you have to remember that you are holding here for the long term. If you hold for long time then you will not be able to withdraw money from here. You have to wait for the market to rise. So not only that investing in Bitcoin will make you profitable, but first you need to gain good knowledge about the market.

Well I can differ from your opinion, because for me if a person can get rich if they buy BItcoin and leave it in the long term, it is not a guarantee that it will rise in a few months, it can even take a couple of years, but if it is bought in $ (20-21)k and then it goes up to more than $100k it is very possible that the person becomes a millionaire, this is what I think, because in every investment book they recommend you buy the safest asset and leave it at least 8 or 10 years without touching that investment, then the benefits are seen, but in this case Bitcoin will not last long to grow in price, for me the most it can take will be a period of 4 years or less.

[globalpain]

BTC, ETH and ADA are great choice to picks. ADA would be difficult to maintain on long-term but both BTC and ETH are great choices regardless of the event situation right now. Just collect up  your salary to these picks like what you are currently doing right now and keep stacking up those coins, since these two will still be strong in the future, so won't be hurt to hodl it.

I agree about choosing BTC and ETH. But ADA seems not a really good choice for long-term holding. In my own view, ADA price doesn't increase very significantly, the price move of this coin looks rather slow. I think it is better to exclude ADA and choose BNB coin, BNB seems more convincing to buy and hold long term. BNB is the coin from the biggest exchange in the world (Binance) that has many functions, and it also has a burning program. Burning program will decrease the number of BNB supply and increase the value significantly.

I met an 8 grade student last night and he said I am investing my small savings in ETH and BTC
for a moment I was shocked and looked at him. If he is smart for invest at this age - what is he going to do when he will grow up. Kids are getting very smart these days

At that age he already knew how to invest and it was really amazing,
it is very rare to see, let's say children have started investing in crypto which incidentally has a big risk,
regardless of what we need to appreciate and that's a good thing

[Fredomago]

The best tip that will always help a newbie is to invest only what can be afford to lose. A newbie should not depend on cryptocurrency investment as a means to get profits from it at all times. Newbies need to understand that cryptocurrency is a good investment when it is long-term.

Allocating enough funds for trading without exceeding the limit is a wise idea. Setting a target goal and not exceeding beyond the limit is important so we'll be able to manage our finances correctly. There will be times that we may feel overwhelmed but we must know how to control things. We shouldn't disregard the risks of trading especially if we're just a beginner. Gaining knowledge is an advantage so could handle even the risks of trading and we'll also be able to choose potential coins.

If you are aware and willing to risk a certain amount in order for you to experienced things around trading, it's really a good practice to know how much you can allocate, anticipate that it will be used for your learning and you can or top up if you already gain the knowledge that you can use for your trading. While practicing, you will be able to experience both winning and losing trading position.

Know how to assess if you are profiting from your sessions. You can analyze if you have a good future for this business or you
should forget about it and try other venue of investment.

[Desscount]

long-term investments should be made when the market is bearish,
because the price of cryptocurrencies will be very cheap and will have the potential to rise 10x even 100x when the bull market arrives,
it's just that we have to be forced to analyze and choose altcoins that do have fundamentals,
yes you can look for them on coinmarketcap at altcoin top 100 or altcoin top 300, because that's where good projects are located.

[BobK71]

The best tip that will always help a newbie is to invest only what can be afford to lose. A newbie should not depend on cryptocurrency investment as a means to get profits from it at all times. Newbies need to understand that cryptocurrency is a good investment when it is long-term.

Allocating enough funds for trading without exceeding the limit is a wise idea. Setting a target goal and not exceeding beyond the limit is important so we'll be able to manage our finances correctly. There will be times that we may feel overwhelmed but we must know how to control things. We shouldn't disregard the risks of trading especially if we're just a beginner. Gaining knowledge is an advantage so could handle even the risks of trading and we'll also be able to choose potential coins.

To run a trading business, it is necessary to raise sufficient funds. Moreover, even if there is only money, everything has to be lost due to lack of experience or knowledge.  Where to invest and what to avoid is very important. Especially a new investor should invest with long term investment plane. It is necessary to acquire sufficient knowledge to know these things.

[Razmirraz]

long-term investments should be made when the market is bearish,
because the price of cryptocurrencies will be very cheap and will have the potential to rise 10x even 100x when the bull market arrives,
it's just that we have to be forced to analyze and choose altcoins that do have fundamentals,
yes you can look for them on coinmarketcap at altcoin top 100 or altcoin top 300, because that's where good projects are located.

I'm not so sure Altcoin top 100 or Altcoin top 300 can increase to 10x even 100x when the bull market arrives. Investing not only requires a mature strategy, choosing the right investment media will greatly affect the value of your investment.
Top altcoins like BNB, ETH and some other coins are not guaranteed to increase to 100x when a bull market arrives, but high-end coins can give you peace of mind when the market reverses. Not much advice from me for long-term investment, only Bitcoin can give satisfaction (especially to me) when seeing prices have increased. There is no need to doubt the quality of bitcoin because it has increased from year to year.

[len01]

long-term investments should be made when the market is bearish,
because the price of cryptocurrencies will be very cheap and will have the potential to rise 10x even 100x when the bull market arrives,
it's just that we have to be forced to analyze and choose altcoins that do have fundamentals,
yes you can look for them on coinmarketcap at altcoin top 100 or altcoin top 300, because that's where good projects are located.

long-term investing and choosing altcoins as a choice of investment assets is very high risk, especially in the top 100 altcoins. although all investments have risks but if in the top 100 altcoins it is very dangerous to lose even more money.
unless you choose ethereum to be used as a long-term investment asset it has a risk that is not too high compared to other altcoins. because ethereum already has a good track record from the past until now and will always surprise when the bulls arrive.
but for me it is more profitable to invest long term in bitcoin. because there is no need to doubt that BTC always gives ATH a few years later after the bearish go and the bull come

[jossiel]

long-term investments should be made when the market is bearish,
because the price of cryptocurrencies will be very cheap and will have the potential to rise 10x even 100x when the bull market arrives,

And that's when people sees the market as dying, they don't like when the market is bearish because they are looking at the current trend of the market and prices but, doesn't analyze the significance on why it's down.

They don't see the light of opportunity when the market is too low and they don't want to buy at that moment because it seems that it's too risky to them.

But they don't realize that it's even riskier when they do buy when the market is up and high because they'll never know when the peak is.

[topman21]

Bad currency should never be accepted or selected for long term investment.For long-term investment you must select the best coins that are available by buying them.There are many new investors who buy some sheet coins and make long term investment and from there later they lose their money and they consider investment as a very bad medium.But what they don't know is that good currency must be accepted for long-term recruitment.And the best currency I would say is Bitcoin. You should invest Bitcoin for long term and attract newbies.

[Fredomago]

long-term investments should be made when the market is bearish,
because the price of cryptocurrencies will be very cheap and will have the potential to rise 10x even 100x when the bull market arrives,

And that's when people sees the market as dying, they don't like when the market is bearish because they are looking at the current trend of the market and prices but, doesn't analyze the significance on why it's down.

They don't see the light of opportunity when the market is too low and they don't want to buy at that moment because it seems that it's too risky to them.

But they don't realize that it's even riskier when they do buy when the market is up and high because they'll never know when the peak is.

Traders and investors who combined both emotions and this business will probably feel fear when the market is falling they will not see the advantage but more on the risky part of this investment, but not all have that kind of mentalities there are also newbies who study more before taking any investment that understand how to play with the market.

Always the good advice is to do your own DYOR and invest with your knowledge before doing anything.

It's your money and your obligation to make sure that you are directing the direction of your investment.