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Author Topic: Tips on crypto investment  (Read 361 times)
Taskford
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July 13, 2023, 12:36:44 PM
 #41

As newbies when investing in crypto don't be satisfied with your leading knowledge attainment about crypto, endeavor to continually do research on the crypto asset's you have invested on as it would aide you on a trajectory course  about your investment's. By so doing you're not easily taking by surprise on any misgiving that may arise about a portfolio you have investment with.

Another gateway to keep abreast is to get connected as a member of an active crypto community or platform. Having membership of different communities is an added advantage but make sure  they are a genuine platform with a good history just like bitcointalk.

As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.

Here on the forum there are a lot of experienced people for whom a good cause will share its opinion with you. This can save you a lot of time and effort. Instead of independently searching for additional information about the projects in which you have invested a deposit, it is better to ask the knowledgeable. Because a beginner can focus on the rating platforms of cryptocurrencies, but it turns out that they are scams and promote only secretly paid campaigns. It was because of advice and communication that the forum was created.

Researching backed up by asking the bitcointalk community about their opinion on something caught your attention is really the best thing we have since we can learn a lot of things thru the words given by more experience persons here. So before taking ang risky moves which we are not familiar with its better to ask than risk immediately on what we have since its to bad if we rush our decision to invest on a unknown platforms.

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July 13, 2023, 04:30:44 PM
 #42

As newbies when investing in crypto don't be satisfied with your leading knowledge attainment about crypto, endeavor to continually do research on the crypto asset's you have invested on as it would aide you on a trajectory course  about your investment's. By so doing you're not easily taking by surprise on any misgiving that may arise about a portfolio you have investment with.
Said it like a crypto investor, great advice 👍Smiley

Another gateway to keep abreast is to get connected as a member of an active crypto community or platform. Having membership of different communities is an added advantage but make sure  they are a genuine platform with a good history just like bitcointalk.
I don't agree to this statement as this is a 50/50 thing,  as investments having nothing to do with a community or forum! If you are joining  a community  or forum this should be on grounds of gaining more knowledge and learning  from others what they have gone through , Do's and Don'ts etcetera.

Besides not everyone will be helpful in your crypto journey when it comes to online communities/forums as others might be out to get the same coins you call an investment via dubious methods and will befriend you in trying to get get closer to you..be cyber smart!

As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.
People who have depended on a single coin such as bitcoin have been rewarded handsomely over the years and this formula still works when BTC is the coin you have.

Btw, Naturally everyone will tell you to diversify your portfolio  to minimize risk, but then again, love of altcoins exposes you to bad risky coins which means pump and dump schemes can be closer to you than imagined...which means your portfolio value will be constantly fluctuating.

R


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July 13, 2023, 06:02:13 PM
 #43

As newbies when investing in crypto don't be satisfied with your leading knowledge attainment about crypto, endeavor to continually do research on the crypto asset's you have invested on as it would aide you on a trajectory course  about your investment's. By so doing you're not easily taking by surprise on any misgiving that may arise about a portfolio you have investment with.

Another gateway to keep abreast is to get connected as a member of an active crypto community or platform. Having membership of different communities is an added advantage but make sure  they are a genuine platform with a good history just like bitcointalk.

As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.

There are a lot of strategies that you could do to plan your cryptocurrency investments, You could find tons of them here in the forum, the forum is actually a great help for beginners and newbies especially learning things that could easily help them to make the right decision on cryptocurrency, we have a lot of experience members that share their investments and tips here in the forum, so for sure we can easily avoid other members mistakes.

There are a few exceptions I mean if you're just going to invest in Bitcoin only your probably going to be okay for the most part, since Bitcoin is the most popular and has the most potential cryptocurrency to skyrocket it's the cryptocurrency as well that lower risk compared to alternative coins. Most of the cryptocurrency blue chips have a high risk compared to blue chips cryptocurrency, every investor should have other investments not necessarily other cryptocurrency, but other sources of income of assets, like for example a apartment or a house that could generate income, or something like a  business.

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July 13, 2023, 08:38:56 PM
 #44

As newbies when investing in crypto don't be satisfied with your leading knowledge attainment about crypto, endeavor to continually do research on the crypto asset's you have invested on as it would aide you on a trajectory course  about your investment's. By so doing you're not easily taking by surprise on any misgiving that may arise about a portfolio you have investment with.

Nobody knows all, so this shouldn't just apply to only newbies in the crypto sector. Everyone should continue learning because it is what will lead someone in the right direction in all aspects of life, not just the crypto industry. Seriously, you shouldn't stop learning if you want to be a good investor.

Quote
Another gateway to keep abreast is to get connected as a member of an active crypto community or platform. Having membership of different communities is an added advantage but make sure  they are a genuine platform with a good history just like bitcointalk.

Learning shouldn't just happen in one location; use a variety of crypto platforms that you are aware of as reliable sources of information. It will be beneficial to learn things from many different places

Quote
As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.

Investment diversification is excellent idea, but if someone has more faith in one coin than others, I don't believe it is required. For instance, if I solely invest in Bitcoin because I have faith in it, that is not always a bad investment strategy.let know that it is only assurance that can guarantee an investor's investment will be profitable. What exactly would the purpose of my investment in a variety of coins that I don't trust? Thus, I am merely putting my life at danger. We should think about investing in a variety of coins because when we don't trust any one of them,with that we need to diversify our portfolio to reduce risk.

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July 13, 2023, 09:41:23 PM
 #45

As newbies when investing in crypto don't be satisfied with your leading knowledge attainment about crypto, endeavor to continually do research on the crypto asset's you have invested on as it would aide you on a trajectory course  about your investment's. By so doing you're not easily taking by surprise on any misgiving that may arise about a portfolio you have investment with.
....
The desire to continue learning and enriching oneself with various knowledge in the crypto world is very important. Because the crypto world continues to grow rapidly. moreover, there are many new issues that may also have such a high effect on the crypto market.
so it's true that when we want to invest in crypto, we really have to be prepared with the knowledge we have and want to always develop it. This might minimize losses one day and increase the possibility of taking profits, and allows us to be better prepared in various market conditions, both up and down.

R


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July 14, 2023, 05:30:41 PM
 #46

Information is key and a good crypto investor should imbibe the habit of reading about crypto news & information, and always do due diligence before investing in any project. I may not agree with you that one really needs to invest in multiple portfolios in order to be a successful investor. This is because of the scams in the industry and uncertainty of some projects, some persons are just fine commiting their funds to just one established coin like Bitcoin because of its integrity. Also, one important point that's missing in your write up is that newbies should not be greedy and they should never invest what they cannot afford to lose.

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Issa56
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July 14, 2023, 09:45:21 PM
 #47

Another gateway to keep abreast is to get connected as a member of an active crypto community or platform. Having membership of different communities is an added advantage but make sure  they are a genuine platform with a good history just like bitcointalk.
Joining platforms is really good but hope u know that most platforms now just want to scam people joining, it will be difficult for you to see a legit platform, but platforms like Bitcointalk is really useful because you can interact with people and you can learn here without pay amount.

As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.
I know it’s unsafe to invest in only a single coin, but it’s better I invest in only bitcoin than investing in most of the altcoins which we can find in crypto space currency, you might think a altcoin is a strong one but don’t be surprise that those coins you call strong coins are the once that are going to crash in the long run. I can invest everything in bitcoin because I have the confidence that if I can hold bitcoin, then with time bitcoin is going to pump, I see bitcoin as the only coin that I think worth holding for long term. I don’t believe in all those altcoin so I will rather go all into bitcoin than spreading my money in altcoins.

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July 14, 2023, 10:24:15 PM
 #48

~snip~
As can be found on several social media platforms and several groups whose goal is to deceive users, especially new users.
The only legitimate platform for information about crypto investment is Bitcointalk, which I trust. There are many discussions that can be learned, but it is also necessary to choose which information is correct because now many are making up stories only for their own interests. and now don't believe information that isn't necessarily true.
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July 14, 2023, 10:45:52 PM
 #49

As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.
If this is Bitcoin, it will no matter if you are only having and holding Bitcoin. For sure, Bitcoin is the best crypto investment.
But, if you are also investing in altcoins with your money, never put all money into one bag. You must have a good diversification on altcoin investment. But this is also quite tricky because you must ensure that all your invested altcoins are top coins, promising, potential, and trusted enough for investment long term. That is why I always get myself to put more money into Bitcoin.

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