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Author Topic: How can I invest wisely in cryptocurrencies, since I am just starting?  (Read 10996 times)

Evelina

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So far I think you can take a look at current economic conditions and also can check the yearly chart since a yearly chart can help you to understand the movement of prices also don't forget to use a good exchanger or broker.

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CryptoStar19

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Dollar cost averaging into reputable projects (BTC, ETH, ADA, etc.) is a good way to get started. Dollar cost averaging means you buy a certain amount of a coin on a regular basis... over time this will beat almost any other strategies out there...

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dotcoin.info

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I think it is necessary to devote more time to training and market analysis. you also need to follow the news so that you can predict the movement of the cryptocurrency rate. our success depends on our self-education. it is best to take experience from proven and successful people, do not hesitate to ask for advice
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sacrotic

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Wise came from experience so you only need to try whatever your strategy. The rules is simple, never use loan money, take risk you can handle, replace money only in popular coin. Never avoid or change the rules, safety is priority and never give up to try again.
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GeniusProject

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Re: How can I invest wisely in cryptocurrencies, since I am just starting?
« Reply #19 on: August 26, 2021, 10:37:18 AM »
We think that a few of the concepts you need to take into consideration are how viable a project is.

- who are the people behind the project. Its team and its background.
-The company behind the project
-Its whitepaper is to be structured and contain all the information of the project from the concept, legal part, to market analyses and the future of the project.
-See how many people invested in them from the launching of the first phase.

There are a lot of things to take in consideration, but these are the main points, and for every point to divide into other questions and so on.

ryansalteracc

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Re: How can I invest wisely in cryptocurrencies, since I am just starting?
« Reply #20 on: August 26, 2021, 01:18:09 PM »
We think that a few of the concepts you need to take into consideration are how viable a project is.

- who are the people behind the project. Its team and its background.
-The company behind the project
-Its whitepaper is to be structured and contain all the information of the project from the concept, legal part, to market analyses and the future of the project.
-See how many people invested in them from the launching of the first phase.

There are a lot of things to take in consideration, but these are the main points, and for every point to divide into other questions and so on.

This is true especially today that there has been an influx of new currencies.

Understanding the company is crucial. This includes understanding their vision, backing, and team members. It is also important to understand what type of legal entities they are under (or if they exist outside any jurisdiction). Knowing who's behind the project will highlight risks and benefits that would otherwise be overlooked. It's also important to know the total supply available for mining (sometimes they have an unlimited supply) The more coins mined over time, the less value attached with a single coin as potential earnings go down with increased supply.

Hope this helps.

Kaoshot_T

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Re: How can I invest wisely in cryptocurrencies, since I am just starting?
« Reply #21 on: September 06, 2021, 06:02:12 PM »
To invest wisely in cryptocurrencies pay attention to IEO/IDO/ICO lists. For beginners like you, I can recommend Cryptototem website.

Here is a description of this:

IEO/IDO/ICO lists section presents one of the largest and most up-to-date databases of top-rated crypto-token sales, as well as the ones users should avoid. The list of new ICOs, STOs, IEOs and IDOs makes it impossible to miss opportunities to invest during private and public sales. Users can easily find, select and track popular blockchain companies and crypto startups with expert ratings, user reviews and business analytics. It's also possible to filter through the results in accordance to goals using parameters such as ratings, dates, bounty or project type.


Beginners often make mistakes due to the fact that they do not have the necessary knowledge and information. Now you know what your first step should be and invest wisely in crypto, avoiding the typical beginner mistake.

msz900

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Re: How can I invest wisely in cryptocurrencies, since I am just starting?
« Reply #22 on: September 08, 2021, 09:49:55 AM »
If are a newbie to crypto then I would recommend not invest and if you know the risks, etc. then I would still recommend to not invest your real money, instead join bounties, Airdrop, do some research and then take a decision.
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Aulore

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Re: How can I invest wisely in cryptocurrencies, since I am just starting?
« Reply #23 on: September 09, 2021, 07:57:30 PM »
As far as I concerned, trading cryptocurrencies is the most difficult way of trading, because cryptocurrencies are very volatile nowadays and it becomes harder and harder to trade them. They are not only volatile, they're taken over control by a particular group of people and it must be admitted. I believe that if you;re a novice the main thing for you is to get acquinted with fundamental things in trading activity and try your power at demo account. You should create a special trading strategy and try to use it on demo, only after these steps you can start trading on a real account. I think it's the best option.

Akicage

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Re: How can I invest wisely in cryptocurrencies, since I am just starting?
« Reply #24 on: September 17, 2021, 10:46:02 PM »
In case you're a total rookie in trading I personally don't advice you to start off from cryptocurrency trading, because there is a huge risk that you will lose all your accumulations, which is a direct consequence of lack of knowledge and skill. In my opinion, you'd better get acquainted with forex trading. Of course, all the trading types are somehow can be considered as difficult for studying, nevertheless it's only because you're just starting. Everything you should so is to dedicate uncertain amount of time to learning and practicing. When you will have results at forex, you can try your power at cryptocurrencies.

Mortoza Washi

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Re: How can I invest wisely in cryptocurrencies, since I am just starting?
« Reply #25 on: September 18, 2021, 01:10:18 PM »
Bitcoin was considered nothing more than an interesting phenomenon when it first came out in 2009. Technicians and futurists could see the future potential of cryptocurrency in general, but it wasn't drawing much interest as an investment. Many didn't know how to invest in Cryptocurrency and what really is its potential.

But as the years have passed and hundreds of more cryptocurrencies have come and gone, Bitcoin has emerged as the standard-bearer of the currency. This point hasn't been missed by investors and speculators. Some are now coming to see cryptocurrency as an alternative global currency that will eventually replace sovereign currencies such as the U.S. dollar and the euro.

But the trading activity has also drawn a large number of speculators. They're betting on cryptocurrencies — Bitcoin trading in particular — rocketing all the way to the moon. Speculators are rarely seriously concerned with fundamentals. They see a sudden and dramatic price rise, and whatever the asset, it draws their attention.

This article isn't meant to be an endorsement of Bitcoin or any other cryptocurrency. Instead, it's a general guide for anyone who wants to start investing in cryptocurrency. It is entirely possible cryptocurrencies will continue their march forward over the next few years. And if you're betting on that outcome, I  hope this information will help.

lazyguru

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Re: How can I invest wisely in cryptocurrencies, since I am just starting?
« Reply #26 on: September 20, 2021, 11:45:59 AM »
Read the news and do not invest all the money in one project

 

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