Tips on crypto investment

[Z390]

When you think you are in total control but you don't give up on learning you will later realize that you were never that smart in the beginning, you will be thankful to your will to learn more and that's why you can find out your faults.

I have some coins in my crypto portfolio and as time goes by, I end up selling the majority of those coins for better ones, they were good to my eye in the first place, and as time goes on I realize that they are not that good.

I was able to get better at this because of my will of learning more every day, don't ever feel like you are better, make sure you keep working on getting better and better every day.

[Peanutswar]

The different platforms now offer various sets of learnings and communities that can be used to gain knowledge, experience, and skills with the help of other people. Still, we cannot deny this kind of way has a risk. For example, scams and phishing, there are a lot of people pretending that they want to help you with your path to make a successful investor in the cryptocurrency world. Still, some of them want to steal those from you, so if there's money involved in learning seems like a red flag, don't get a sugar coat with those wants to be mentors on the internet. You could learn those too from yourself. The community you are in that would like to build a good member with a good way of learning and earning is one of the best ways to be more knowledgeable about those possible scams.

[lovesmayfamilis]

You should always understand that investing is a very risky business. And before investing your money somewhere, it is necessary to carefully conduct all the checks on whether it is worth trusting the project or not. If you are targeting altcoins, be prepared that your money may go to waste, even with a thorough preliminary analysis. This happens quite often, so if you are not ready to take risks, it is better to leave your choice on Bitcoin and be patient enough to receive your dividends after a certain time.

[mk4]

When you think you are in total control but you don't give up on learning you will later realize that you were never that smart in the beginning, you will be thankful to your will to learn more and that's why you can find out your faults.

And that's why a sizeable amount of people end up going back to being bitcoin-only. Sometimes trying to find risky altcoins to buy isn't the right strategy — it's simply just buying and holding bitcoin, and try to increase your income through other means like jobs and businesses.

[The Cryptovator]

In my opinion, the most crucial rule when it comes to investing in cryptocurrency is to only invest what you can afford to lose. The crypto market is known for its instability, and there have been instances where certain coins have plummeted to zero value. As an investor, if you hold such coins, you run the risk of losing everything. This advice holds significant importance for all investors, and it is essential to remember that anything can happen in the world of crypto. Therefore, it is advisable to adhere to this rule consistently and exercise caution at all times.

[_BlackStar]

In my opinion, the most crucial rule when it comes to investing in cryptocurrency is to only invest what you can afford to lose. The crypto market is known for its instability, and there have been instances where certain coins have plummeted to zero value. As an investor, if you hold such coins, you run the risk of losing everything. This advice holds significant importance for all investors, and it is essential to remember that anything can happen in the world of crypto. Therefore, it is advisable to adhere to this rule consistently and exercise caution at all times.

This advice also applies to bitcoin - no exception so no one should be 100% sure of that. We've found a lot of worthless shitcoins on the market that may as well have lost their place of exchange due to being delisting by exchanges, so that should be the reason why they aren't 100%.

I wouldn't say bitcoin will be scam in the future - but something about its future is unknown to anyone including the possibility of failure. So your advice might be useful for anyone who is just starting their adventure in the crypto world.

[Crypt0Gore]

Bitcoin is the only asset that you can invest money on and block the rest off your life without worrying about anything, because Bitcoin always works in the end, profits? Be rest assured, confidence? Not only that but you will be able to worry less with Bitcoin.

Altcoins are way risky and I am not out of them either ways, that's because I can make more Bitcoin investing in altcoins, so the main reason why I have some altcoins is to end up having more Bitcoin.

Carefully select your altcoins, make sure they are not pump and dump and always take profit when they do so well in a bear market because it's important for a correction to happen and it's unavoidable.

[Wakate]

Bitcoin is the only asset that you can invest money on and block the rest off your life without worrying about anything, because Bitcoin always works in the end, profits? Be rest assured, confidence? Not only that but you will be able to worry less with Bitcoin.

Altcoins are way risky and I am not out of them either ways, that's because I can make more Bitcoin investing in altcoins, so the main reason why I have some altcoins is to end up having more Bitcoin.

Carefully select your altcoins, make sure they are not pump and dump and always take profit when they do so well in a bear market because it's important for a correction to happen and it's unavoidable.

We need to diversify our investment, as an investor I do advise people to invest in different sources so that they can make profits when other investment is not giving them money like the rest. Bitcoin is the only trusted cryptocurrency in the market that can stand strong even when other crypto projects are falling and crashing. We need to keep most of our holdings in Bitcoin if we are majorly crypto investors. This will make us have some confidence in the market and it will also given us some good profits if Bitcoin increases in price.

[Kelvinid]

Continuous learning is very important, not just in crypto alone but also in any form of investment because this is a tool to help us grow and achieve our goal/plan. That is why we don't have to feel confident that we are good already because of a few achievements but must continue learning more and discover new things and a new strategies as this will help us to become more competitive.

 - must learn more about how to choose coins for profitable investment
 - must know more about managing funds
 - must know how to analyze and track our investment

[Crypto Wallet]

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.

I invested on a coin with no experience.I had no knowledge or experience on investing.As a new member I invested without anyone's help, this is my first investment in the currency.

[*1Bishop1*]

I would say you should understand crypto correlation , this way you can invest in opposite directions.

For example: Altcoins within the same sector: Cryptocurrencies within the same sector or with similar use cases may exhibit correlations. For example, cryptocurrencies focused on decentralized finance (DeFi), such as Aave (AAVE), Compound (COMP), and Uniswap (UNI), have shown correlations with each other due to their involvement in similar aspects of the crypto ecosystem.

[Mate2237]

As newbie the best cryptocurrency to invest is bitcoin and when you understand and master bitcoin then you can try Enthereum and later others to build your cryptocurrency knowledge around. Before a newbie invest in cryptocurrency, he or she has to attend extramural class/lessons to enhance his or her knowledge on cryptocurrency first before investing in it. Yes good crypto related community is also good to learn cryptocurrencies.

[LogitechMouse]

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.

I'm not considering myself a newbie anymore, but I'm always not satisfied with the knowledge I have with regards to crypto. As a newbie, be always hungry for knowledge like those successful businessmen right now. They're always reading books that will give them information into something that they're excelling with.

Connect as a member of an active crypto community. We have already this forum as a platform already where people can just connect to each other, learn with each other, and possibly earn with each other. I don't use Reddit TBH, but I guess there is also a huge crypto community out there who are sharing information. Twitter? Just avoid that one IMO.

I know that diversifying your money is always a good idea, but instead of just investing into cryptocurrency, it would be better if you will diversify it into different asset classes. I mean invest into cryptocurrency, but at the same time, invest into stock market, bond market, precious metals etc. I don't recommend investing "ONLY" in cryptocurrency if you're a newbie. Yes the reward is high, but the risk is also high as well. Spread your investment, but not spread on different crypto coins because it will just have the same risk. If you invest in different asset class, the risk would be lower as some are less volatile than crypto.

[CryptopreneurBrainboss]

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.

You're confusing yourself, I hope you know tokens and coins aren't the same thing. Bitcoin is a coin (not a token). Investing in multiple tokens isn't the best decision you should be making when you want to invest as tokens are usually worthless at the end of the day and having multiple of them increase your losses. As a newbie investing in the industry for the first time your attention should all be on Bitcoin ignore other distractions as you would regret in future when they all go crashing down because of some few corrections experience by Bitcoin. The only tip on investment that's valid is to accumulate Bitcoin.

It's unsafe to depend on altcoins and depending on multiple altcoins only increase the weight of the losses you'll experienced when the market has other plans contrary to what you have planned. Joining a community is recommended and this forum right here is a perfect example of a community to join because you'll be getting the best advises here. Obviously you won't have to listen to everything that's said in a community because it's a mixture of both truth and lies.

[kamvreto]

Communities like Bitcointalk are the main ones that will provide a lot of information and knowledge that you need as a novice investor. You can get a lot and you can ask directly as long as you are active. On other social media such as Twitter or Telegram, there may be some additional information related to crypto news, but you really have to filter it so you don't read FUD that is spread on purpose.
and hanging on to a single coin is not recommended, but diversifying across a few trusted coins will give good returns, but remember that some coins are potentially worth researching unless you are getting into Bitcoin. Bitcoin is at best a coin and a major investment.

[passwordnow]

I'll be honest and disagree with what OP said about being unsafe on relying on only a single coin. If this is not Bitcoin then that's fine and I agree but in general, relying on one coin and that means anything in the market so Bitcoin is included. Some may say that Bitcoin isn't a coin but let's just use the term crypto. Being a Bitcoin-only investor is one of the best and safest things that a newbie can depend on in this market. You know that the market is led by Bitcoin thus, that's why I don't agree with it being said as unsafe in general.

[Patrol69]

First of all those who are brand new to the crypto world should not invest at first. After knowing everything well with time, understand the market and then think about investment. A member in a new state will not be able to get any idea about investments, he will have to wait and try to learn for a long time. When a new member tries to learn for a long period of time, he will gradually learn various information about investments, which will lead to a time when he will become an investment-savvy person at which time he can involve himself in investments if he wants to. There is no end to learning about investing Every member needs to learn about investing every moment. So those who are new but interested in investment take time first and then decide to invest.

[GiftedMAN]

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.

IMO no. Spreading your investment don't also guarantee you good profit knowing that most other coins apart from bitcoin are without life span, how about you take out spare money to invest into Bitcoin for a long term investment don't you think it's better than investing in altcoins that may pump and dump as you clearly stated within a short time?  Every investment has it's own risk but regardless bitcoin investment has been one of the less risky investment so far especially if you are truly knowledgeable about the investment plan you want to invest and if you made proper findings before investing.

Personally, I have depended on a single coin investment which is bitcoin though the profit has not really been so much but it is far better than losing out funds in altcoins.

[Bushdark]

First of all those who are brand new to the crypto world should not invest at first. After knowing everything well with time, understand the market and then think about investment. A member in a new state will not be able to get any idea about investments, he will have to wait and try to learn for a long time. When a new member tries to learn for a long period of time, he will gradually learn various information about investments, which will lead to a time when he will become an investment-savvy person at which time he can involve himself in investments if he wants to. There is no end to learning about investing Every member needs to learn about investing every moment. So those who are new but interested in investment take time first and then decide to invest.

The great book says, "My people suffer because of lack of knowledge" and this is what is everyday to those of us that are not ready to learn and follow the step that we ought to follow. Learning is a skill and it is what can help us to make a better decision when the time comes. If we don't have ideas about Bitcoin and the general cryptocurrency, we might become ybe scape goat that would victim to the hands of scammers. When we are learning, we need to learn without rushing or trying to jump some steps so that we can start making money which is very wrong.

[summonerrk]

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. After all, as Einstein said, not knowing is not bad, it's bad not to ask.