Your best advice regarding Cryptocurrencies

[Olatundespo]

My best advice is: Always leave a moon bag.

Yeah, even though I nor see myself as qualified to give anybodi any financial advice, I sey make I throw dis wan in. Na something wey I learned from experience. If u dey sell off any of ur crypto investments, dey try leave something behind. No sell off every every, especially if na utility based project. Dat small thing na im we dey call, "Moon bag".

Of course! Every investor should not sell the entire portion of their valuable investment if they are in dire need. I think I understand your point. We should try to keep the crypto we are going to accumulate for the long term and if our accumulated holdings reach a decent level then do not sell unless absolutely necessary but if we absolutely need to sell then do not decide to sell more than necessary.

This means that more urgent needs than the current emergency we are selling crypto may come back to our lives. For that we should accumulation continuously and take care of the holdings while there is a source of discretionary income. Or we should continue to invest for the long term until retirement if we do not need to sell for urgent needs. And this can be the "Moon bag" for tiny investors like us.

[Barikui1]

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.

A lot has been said already, and looking to say a different thing to what others have already said is a bit difficult actually, but the only advice I can give to anyone that just want to start accumulating Bitcoin is waiting for the dip before buying is not the best way to accumulate Bitcoin because by waiting, you may miss a whole lot of buying opportunities, and we all know that Bitcoin investment is still very early and it is no where near it peak price, so their is a higher probability that Bitcoin can go as high as a million dollar, so any price you can get it now is very good because those that bought at $69k during the previous all time high was thinking that they bought at the top, but fast forward till today, that price is a bargain price now, and that is how this current price will be in a few years time from now, so stop wasting time and buy once your discretionary income is available.
Lastly, try to accumulate as much stash as possible, because the stash of Bitcoin you have is what's going to determine how successful you might be in the future.

[ruykeri]

Based on my experience with cryptocurrency so far, I can say that we should all give Bitcoin our first and foremost priority as cryptocurrency. In addition, you should gain a sufficient understanding of all these topics, including the Bitcoin protocol and transaction process, from the very beginning. And if someone wants to invest in Bitcoin, then he must have a sufficient understanding of the security of Bitcoin. he must invest in Bitcoin in the right way through very careful fund management. I would like to share one more thing that if someone wants to invest, then he must go ahead with a long-term plan. If anyone invest in Bitcoin slowly and for a long time by following the DCA method instead of investing a large amount of money in Bitcoin at once, he will get good profits in the future and there is less chance of risks. The longer you can invest in Bitcoin, the more profit you can get.

[NurseHub]

My advice to anyone will simply, avoid or do not buy dreams.

If dreams of cryptocurrency of any kind is sold to you do not buy to it.

[Anasemi]

My best advice to anyone;
Understand What You're Getting Into, Prioritize Security, Do Your Own Research (DYOR), Most people lose money in crypto due to user error or scams, not price crashes.

[Mekie21]

Due to personal experience, I go say make you understand the basics first for crypto wey you won invest in. Groom your mind say you fit see lose but nor let am deter you, on a normal your determination matters sha, try do your personal studies on that same crypto project you get insight to invest on and put money wey you know say if you lose am e nor go carry you go back village.

[Cipherpz]

Starting today is the best decision. Hold on patiently, trust in knowledge, not rumors. The market doesn't always wait for the perfect moment. Hold the keys in your own hands.
Cryptocurrencies, especially Bitcoin, are an asset that cannot be beaten by time.

[Y3shot]

So feel free to let us know what your best cryptocurrency advice is.

My humble advice to the new beginners is that cryptocurrency is not a place to make money overnight, it normally required time and patience. And they should only invest the amount that they can easily afford to lose because cryptocurrency is highly volatile, and also having the basic knowledge first before thinking of venturing into anything investment is always the best way for newbie to explore the market without panicking.

If beginners prioritize knowledge they will get to understand what bitcoin and cryptocurrency is all about, but most beginners are so impatient and all they are so interested about is to make money quick from it.

One of the problem with beginners is they see learning very boring which they don't even have the time to learn the basic things. Most beginners go into cryptocurrency and they don't even know much about the coin they are investing on, if it is reliable and because of how beginners go into cryptocurrency blindly they lose their money massively in investing the wrong coin.

[Cityhunter34]

So feel free to let us know what your best cryptocurrency advice is.

My humble advice to the new beginners is that cryptocurrency is not a place to make money overnight, it normally required time and patience. And they should only invest the amount that they can easily afford to lose because cryptocurrency is highly volatile, and also having the basic knowledge first before thinking of venturing into anything investment is always the best way for newbie to explore the market without panicking.

If beginners prioritize knowledge they will get to understand what bitcoin and cryptocurrency is all about, but most beginners are so impatient and all they are so interested about is to make money quick from it.

One of the problem with beginners is they see learning very boring which they don't even have the time to learn the basic things. Most beginners go into cryptocurrency and they don't even know much about the coin they are investing on, if it is reliable and because of how beginners go into cryptocurrency blindly they lose their money massively in investing the wrong coin.

Yes, this impatient of a thing is actually the cause of why most new beginners are regretting till now, without realizing that Bitcoin investment is not a get rich quick scheme. Normally as a newbie having the basic knowledge first before thinking of venturing into anything investment is exactly the best way to make a good investment plan, than putting yourself into more denger just because you want to become rich overnight.

[Son Of Blockchain (SOB)]

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.

When you mean (Cryptocurrencies) is Bitcoin excluded? Cause I had a discussion here with someone who said that it shouldn't be categorised as part of cryptocurrency but just a digital currency or just Bitcoin.
https://bitcointalk.org/index.php?topic=5546384.msg65648672#msg65648672
 Anyways I still do believe that Bitcoin is a cryptocurrency and my advice to newbies is that if they want to invest on cryptocurrency they should go for the best which is Bitcoin, the rest are very risky and shitty.

[Tmoonz]

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.

When you mean (Cryptocurrencies) is Bitcoin excluded? Cause I had a discussion here with someone who said that it shouldn't be categorised as part of cryptocurrency but just a digital currency or just Bitcoin.
https://bitcointalk.org/index.php?topic=5546384.msg65648672#msg65648672
 Anyways I still do believe that Bitcoin is a cryptocurrency and my advice to newbies is that if they want to invest on cryptocurrency they should go for the best which is Bitcoin, the rest are very risky and shitty.

It is not that Bitcoin is not part of cryptocurrency but for clarity sake being specific to which of the cryptocurrency that we are making references to is what we should always do to avoid misleading since majority of the newbies in to the crypto world can generalize their potential or assume that they are all the same when they are not, of course Bitcoin is best and has shown beyond doubt to be the best of all, with a more solid foundation where every other coins is like a time bomb waiting for the perfect time to explode.

[Youngrebel]

So feel free to let us know what your best cryptocurrency advice is.

My best cryptocurrency advise is don't disclose your crypto invest in the public domain because we don't know who is who. Your friend might be your enemy probably because of what you told him. And he might arrange bad guys to come and attack you.
And don't keep you long term investment coins in any exchange unless the coins are for immediate sell out. Always keep your investment coins in non custodial wallets.

[GIF-JOBS]

So feel free to let us know what your best cryptocurrency advice is.

My best cryptocurrency advise is don't disclose your crypto invest in the public domain because we don't know who is who. Your friend might be your enemy probably because of what you told him. And he might arrange bad guys to come and attack you.
And don't keep you long term investment coins in any exchange unless the coins are for immediate sell out. Always keep your investment coins in non custodial wallets.

Agreed, It is very important to ensure the security of Bitcoin for long-term storage, Bitcoin is a long-term asset, so keeping this long-term asset on an exchange is never the right decision, it must be kept in a safe wallet, exchanges are never for long-term storage of any asset, they are only for short-term buying and selling, so you must be aware of this.

Long-term holding means you have to keep everything private and keep it as safe as possible, and for this, keeping it in a personal non-custodial wallet rather than on an exchange is the right decision.

[HajiBagi]

My advice is to never stop learning, no one is perfect, sometimes we do things that we think he is right but for others it is the not the right thing, when it comes to cryptocurrency, it doesn’t mean you are newbie or you are high rank member and you can come across new things, we can never know 100% about cryptocurrencies, there are a lot of things that you can’t just decide by yourself(some decisions), you need advice or learn how to succeed, we see new things every day that we haven’t heard before or know anything about them, we should always have the mind of learning every day most especially when it comes to investing, learning from those who have experience and knowledge about investing is very important, it gives a lot of confidence to decide what we are going to do and how we are going to do it, we should never be afraid of asking for anything we don’t understand.

[rachael9385]

My best advice is to invest the amount that you can afford to lose and always do your research before investing in any cryptocurrency to be sure of what you are getting into.

Bitcoin is always the best option that every investor needs to consider first.

Investing what you can afford to lose is a smart step but it's capable of keeping you limited. In gambling the same sentence is being used but crypto is gambling, with the right information it's possible to be in profit and you are only going to benefit more based on the amount of money you invest with. It's okay to use an amount you can afford to lose but for me I prefer to use a substantial amount especially when it comes to Bitcon investment. A lot of people just want to be on the safe side even when they are knowledgeable. Sometimes for you to achieve what you want risks must be taken, you'd remain static if you are afraid to take bold steps

[Makus]

My best advice is to invest the amount that you can afford to lose and always do your research before investing in any cryptocurrency to be sure of what you are getting into.

Bitcoin is always the best option that every investor needs to consider first.

Investing what you can afford to lose is a smart step but it's capable of keeping you limited. In gambling the same sentence is being used but crypto is gambling, with the right information it's possible to be in profit and you are only going to benefit more based on the amount of money you invest with. It's okay to use an amount you can afford to lose but for me I prefer to use a substantial amount especially when it comes to Bitcon investment. A lot of people just want to be on the safe side even when they are knowledgeable. Sometimes for you to achieve what you want risks must be taken, you'd remain static if you are afraid to take bold steps

Invest what you can afford to lose, that's a very good piece of advice that people take for granted, it doesn't really  matter your research about the project, new projects are being launched everyday however if you decide to be greedy to get more profit from a single project by investing an incredibly highe amout on that project, you may end up losing big time, if that project rugs before you pull out your money. Which is why we must learn not to be greedy and invest little by little, until the little  becomes too small that we might consider increasing it a little bit.

[Obulis]

Using Dollar-Cost Averaging (DCA) is a smart strategy. DCA involves investing a decided amount of money in Bitcoin on a regular basis, not minding its price. DCA helps reduce the impact of Bitcoin’s volatility by spreading out purchases over time. Instead of trying to time the market, DCA allows you to buy Bitcoin always. It's a disciplined, long-term investment approach which helps beginners handle risk and pressure while gaining opportunity to Bitcoin’s future growth.
Also, discretionary fund to support DCA can be part of the magic formula to bypass emotional pressure that comes with trading

[cxtreenal]

My best advice is to invest the amount that you can afford to lose and always do your research before investing in any cryptocurrency to be sure of what you are getting into.

Bitcoin is always the best option that every investor needs to consider first.

Investing what you can afford to lose is a smart step but it's capable of keeping you limited. In gambling the same sentence is being used but crypto is gambling, with the right information it's possible to be in profit and you are only going to benefit more based on the amount of money you invest with. It's okay to use an amount you can afford to lose but for me I prefer to use a substantial amount especially when it comes to Bitcon investment. A lot of people just want to be on the safe side even when they are knowledgeable. Sometimes for you to achieve what you want risks must be taken, you'd remain static if you are afraid to take bold steps

Invest what you can afford to lose, that's a very good piece of advice that people take for granted, it doesn't really  matter your research about the project, new projects are being launched everyday however if you decide to be greedy to get more profit from a single project by investing an incredibly highe amout on that project, you may end up losing big time, if that project rugs before you pull out your money. Which is why we must learn not to be greedy and invest little by little, until the little  becomes too small that we might consider increasing it a little bit.

The first sentence of the paragraph is more important because if an investor follows the recommendation you have given, it will be a smart decision for him. Some folk take such recommendations gently because they want to own a lot of wealth in a short time and are more interested in short-term trading because they are greedy to get more profit instead of getting a basic understanding of the investment market. I think you should make an investment decision after researching the project in which you have planned to invest. Unplanned investments can often end in failure.

With the advice you have given, invest little by little strategy, an investor can determine a accumulation strategy through discretionary income as long term. This is not a greedy strategy, it will only tempt you to buy regardless of the market price which will tempt you to buying until the specified cycle.

[Promocodeudo]

Invest what you can afford to lose, that's a very good piece of advice that people take for granted, it doesn't really  matter your research about the project, new projects are being launched everyday however if you decide to be greedy to get more profit from a single project by investing an incredibly highe amout on that project, you may end up losing big time, if that project rugs before you pull out your money. Which is why we must learn not to be greedy and invest little by little, until the little  becomes too small that we might consider increasing it a little bit.

I rather say investors should invest what they can actually afford not what they can actually afford to lose, Bitcoin investment is not gambling here you can say the gamblers should gamble with what they can afford to lose, although I will agree that newbies and some other investors don't stick to this advise because of their mindset, mate if you listen to some person that knows nothing about Bitcoin, you'll understand that it is about mindset, most of them thought that they can come and just boom, they fail to think that it's is all about patience with a good aproch, the greed you mentioned is the reason why most investors fail along the line, the DCA is the master of individual investor achieving a bulky and desired Bitcoin portfolio overtime.

[Adams0001]

Invest what you can afford to lose, that's a very good piece of advice that people take for granted, it doesn't really  matter your research about the project, new projects are being launched everyday however if you decide to be greedy to get more profit from a single project by investing an incredibly highe amout on that project, you may end up losing big time, if that project rugs before you pull out your money. Which is why we must learn not to be greedy and invest little by little, until the little  becomes too small that we might consider increasing it a little bit.

I rather say investors should invest what they can actually afford not what they can actually afford to lose, Bitcoin investment is not gambling here you can say the gamblers should gamble with what they can afford to lose, although I will agree that newbies and some other investors don't stick to this advise because of their mindset, mate if you listen to some person that knows nothing about Bitcoin, you'll understand that it is about mindset, most of them thought that they can come and just boom, they fail to think that it's is all about patience with a good aproch, the greed you mentioned is the reason why most investors fail along the line, the DCA is the master of individual investor achieving a bulky and desired Bitcoin portfolio overtime.

Bitcoin investment is a gradually process we can't force our self to invest fast, or try to force someone to invest on it. Surely you right, the best thing is always invest what you can afford to lose because bitcoin investment is not like other investment that can help you achieve your goal easily. We need to calm down when investing and set our target and wait for the long term. And we should always make some research about what you are investing because we need to know everything about it first before you can probably achieve our goals.

I usually give advice about bitcoin, if you won't be patient to invest for long term and won't advice you to invest because you won't get huge profits in bitcoin in short term, you need to invest for long before you can probably get double of your funds or get some few profit that you can be appreciated with it. Many people that are into crypto for long term have understood how bitcoin investment goes. is just the newbies that just comes new to the market will always find it difficul. But by making research and study more they will always find it easy and do the right thing.