Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Thitical Crinker on July 09, 2023, 07:40:54 PM
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This is not about investment advice, as such. But I have been itching to start investing in crypto-related projects (coin sites, NFT tech, games, etc.) and have come across a few interesting ones. The problem is, in today's world, handing over money to someone seems about as safe as throwing it from a moving car and hoping the right people catch it. I am totally okay with investments having some risk, I even like to put a bit into unlikely projects in case they take off. But I do not want to just hand some money over to a project and then realize they just ran away with it.
So my question is, how do _you_ invest in projects, regardless of the size, in ways where you feel you are not going to get outright robbed? If I want to put a few grand into Billy Bob's Crypto Cousins Emporium (not a real project...) but do not want to just hand over cash to someone in another country who then shuts down the operation and runs cackling to the bank with what was my but is now their money, what are my best options?
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One of the safest ways to any investment is to understand what you intend to invest your hard earn bucks. Crypto is still developing and lots of scammers have taken advantage of the industry by scamming many enthusiasts.
The most common crypto advice has always been DYOR (Do Your Own Research) i.e. conduct convincing research into any project you want to invest your fund and don't invest more than you can afford to lose.
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To succeed in cryptocurrency investment, it's important to conduct extensive research and invest in projects that offer real-life solutions. For instance, I invested in AD, the native token of ADreward, when it was listed on Bitget. ADreward provides solutions for marketing and advertising, making it a valuable project for someone like me who's both a business person and a crypto enthusiast. Don't blindly invest your funds without researching.
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Sounds reasonable enough, yes! Are there any public case documentations of how someone went bout this? Everything out there just seems to say "and then we invested", without really talking about the grit of DYOR as it applies to non-local projects (IRL local projects are all I have experience with, tbh). Not looking for a tutorial, of course, but seeing the thoughts that someone with a crypto background had would be very interesting. There are some really, really cool projects out there that I am very tempted to drop a few grand into, but I can't finance everyone od them. So I guess this is me starting the whole DYOR path :)
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This is not about investment advice, as such. But I have been itching to start investing in crypto-related projects (coin sites, NFT tech, games, etc.) and have come across a few interesting ones. The problem is, in today's world, handing over money to someone seems about as safe as throwing it from a moving car and hoping the right people catch it. I am totally okay with investments having some risk, I even like to put a bit into unlikely projects in case they take off. But I do not want to just hand some money over to a project and then realize they just ran away with it.
So my question is, how do _you_ invest in projects, regardless of the size, in ways where you feel you are not going to get outright robbed? If I want to put a few grand into Billy Bob's Crypto Cousins Emporium (not a real project...) but do not want to just hand over cash to someone in another country who then shuts down the operation and runs cackling to the bank with what was my but is now their money, what are my best options?
I don't usually use my own money for investments so I don't regret it later. I use money from giveaways and contests in various projects where you can win a small amount of money, for example web3quest from TFS https://zealy.io/c/fairspin/questboard (this is not a referral link), they have a contest going on right now, so you should also participate and get some money for your investment.
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I agree with you, it is better to invest not your own money, it is better to get some money from various contests and giveaways and invest it, so at least it will not be miserable. You can participate in web3quest from TFS https://zealy.io/c/fairspin/questboard (this is not a referral link). There now easy quests for which you can easily get a part of the prize fund. So try to participate, you still have time until July 27th
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Main reason for safety investment is to look for project info such as team , community, roadmaps ,whiteppaper. How many interest does people who invest have,what are their experience also. Project does not have to be in your country to be thrustworty ,really does not there is no rule for that.
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Safe invest consider long term analyze specific project and do the right move in the right time,having timing. Option is to search for experience users that had experience and if it is positive then react. Negative comments provide guidance which is good. If you do own reasearch then like i mention search for experience but there are people doing that for you if you pay them ofcourse or they create group called trading signal ,right time for buying and selling. Looking for project that has big story behind and if they on the right track for completing that all tasks they promise and they are verified or sponsored than it is also safety invest.
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First off, due diligence is your best bud. Research the project and the team behind it like you're an FBI agent or somethin'. Second, maybe start with a smaller investment and see how they handle it. Test the waters before diving in. If you're still iffy, look for projects that have some kind of escrow or smart contract mechanism to make sure they don't just bounce with your cash. Trust but verify. And hey, always remember, only invest what you're cool with losin'—that's like, Rule #1 in the crypto playbook.
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You should review previous successful projects, thoroughly research them, and from there, you can evaluate whether or not you should invest in that project.
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The first thing you need to do is to choose CMC top 10 CEX exchange where you will be able to follow hot coins and gain coins. It's one thing to invest in staking, and another is to literally invest and wait for growth, whether for a short or long term. And there is the possibility of Futures, where the profit output is the most realistic of other tools.
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@Doovla, You are answering a question asked a little less than a year ago, and the question also refers to investing in projects (not in cryptocurrencies directly). Your answer doesn't really make any sense...
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I think if anyone do invest with low risk then the should choose Bitcoin investment for long term strategy with DCA management. Here you don't have to invest large amount of your fund at once you can invest on it on the based of monthly or weekly.
Now if you are short term trader than you can also choose Bitcoin but in this case the profit amount will be lower if your fund is also low. You can do investment on the those project who have a standard circulating supply Max supply, and also based on good technology. Like you can invest on those project who are listed on the top action just like binance and Kucoin. Recently I have doing some new coin who are listing on binance specially from the launch pool pad.
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This is not about investment advice, as such. But I have been itching to start investing in crypto-related projects (coin sites, NFT tech, games, etc.) and have come across a few interesting ones. The problem is, in today's world, handing over money to someone seems about as safe as throwing it from a moving car and hoping the right people catch it. I am totally okay with investments having some risk, I even like to put a bit into unlikely projects in case they take off. But I do not want to just hand some money over to a project and then realize they just ran away with it.
So my question is, how do _you_ invest in projects, regardless of the size, in ways where you feel you are not going to get outright robbed? If I want to put a few grand into Billy Bob's Crypto Cousins Emporium (not a real project...) but do not want to just hand over cash to someone in another country who then shuts down the operation and runs cackling to the bank with what was my but is now their money, what are my best options?
None, to be exact, crypto is like a wild wild west out there, you either survived on die early. So that is the risk that you have to take. And so if you are not willing then I will say don't invest on crypto. It's because you don't know what the outcome will be of your investment. Whatever you spin the words, still comes down that you want to make sure that your hard earn money will not go to zero and projects that you invest will not rug pull. But we don't know that, even if you look at the team behind or the white paper, still there are no assurance that your money will grow, just saying. So no one can give you the right financial advise you are not willing to take that first leap and risk.
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I'm not sure if I can invest safely;
Because there is no safe or truly safe way to invest in crypto, there will definitely be risks. But if you say investment in what carries the least risk, then the answer is definitely Bitcoin. This is no longer in doubt. Bitcoin always becomes the first investment to take. Next, if you want altcoins, I'll only venture into top coins. Not hype coins or even shit coins. They are higher risks more and more.
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There are many ways we need to go about making our investment in a safety manners, we need to first identify that we cannot just start an investment without having the background knowledge in it, we also needs to make sure that we have all the necessary requirements that could help us towards achieving along with our targets, all these are what we need to put in place right before we begin in the first place.
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There are many ways we need to go about making our investment in a safety manners, we need to first identify that we cannot just start an investment without having the background knowledge in it, we also needs to make sure that we have all the necessary requirements that could help us towards achieving along with our targets, all these are what we need to put in place right before we begin in the first place.
Knowledge is the main point that we must have before doing something, including investment. This is a very important thing because it will determine which path we will take, whether it will be good or not.
Mistakes can be made at any time, but with knowledge we can minimize them. This is important for investors, especially for beginners. Because usually beginners have the idea of wanting to get rich quickly from the investments they make.
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Knowledge is the main point that we must have before doing something, including investment. This is a very important thing because it will determine which path we will take, whether it will be good or not.
Mistakes can be made at any time, but with knowledge we can minimize them. This is important for investors, especially for beginners. Because usually beginners have the idea of wanting to get rich quickly from the investments they make.
Knowledge is most important in any thing such as business or investment, some people will try get knowledge and understand firstly before investing their assets in a business or investing in cryptocurrency. If some one have knowledge with their investing will make easily to earn much profit and can controlling well with low risk, but if investment without knowledge and investing based on other recommendation seems difficult to minimize risk and earn much profitable.
Every side knowledge is the first way before trying with investing or approach with business, keep learning firstly and understanding technical way before investing in cryptocurrency.
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I'm not sure if I can invest safely;
Because there is no safe or truly safe way to invest in crypto, there will definitely be risks. But if you say investment in what carries the least risk, then the answer is definitely Bitcoin. This is no longer in doubt. Bitcoin always becomes the first investment to take. Next, if you want altcoins, I'll only venture into top coins. Not hype coins or even shit coins. They are higher risks more and more.
We can understand that the topic is about investing with the lowest possible risk. And I also don't believe that BTC is the choice, because investors can also lose 70-80% of the value of their assets in the crypto winter, for example when the BTC price drops from $69K to $16K or from $19K to $4K. Perhaps BTC is only safer than other ALTS in the market, and if you only look at the value of assets, then stablecoins may be the better choice because their price is pegged to the USD and the reputation of Tether and Circle is really big in the market.
I think that to invest as safely as possible, understanding and fear are necessary. We have talked a lot about understanding, but people are often not afraid enough when they are FOMO. Be afraid of the risks in the market, and never forget to set stop-loss orders to protect money. As long as we have money and this market exists, we still have the opportunity to make a profit.
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Well, when I started my crypto journey, I invested in many altcoins; I made a profit on some and also lost money on some of the projects I invested in. First, you must know that the crypto market has a commonly known characteristic, which is volatility. You can buy a coin with a certain amount of money, and when the coin gets volatile, it could dump your asset so badly that your loss will really be a significant one. That's why you have to invest the amount you can only afford to lose, but to be on the safer side, you can also choose to only invest in Bitcoin, which is very predictable in terms of its bear and bull seasons, but altcoins are too many, and there's no one of them you can actually say they have their specific season to pump or dump. If you are a newbie, start with Bitcoin first, but if you must invest in altcoins, do proper research on the project and only invest the amount you can afford to lose.
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What is needed in this case is fundamental analysis that can trace the ins and outs of a crypto project. And one of the most important things about a crypto project is which large companies invest or support their project.
But we must always be aware that everything in crypto always has a high risk so we must be prepared for this risk. That's why we should only use cold money or money that is ready if we have to lose.
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Knowledge is the main point that we must have before doing something, including investment. This is a very important thing because it will determine which path we will take, whether it will be good or not.
Mistakes can be made at any time, but with knowledge we can minimize them. This is important for investors, especially for beginners. Because usually beginners have the idea of wanting to get rich quickly from the investments they make.
Knowledge is most important in any thing such as business or investment, some people will try get knowledge and understand firstly before investing their assets in a business or investing in cryptocurrency. If some one have knowledge with their investing will make easily to earn much profit and can controlling well with low risk, but if investment without knowledge and investing based on other recommendation seems difficult to minimize risk and earn much profitable.
Every side knowledge is the first way before trying with investing or approach with business, keep learning firstly and understanding technical way before investing in cryptocurrency.
'Indeed, it would be better for us to learn first to understand something before we do it, and this is not only in investing but in all things in life.
If we do something without knowledge, it is the same as wasting our time or wasting money in investing. Because maybe we don't get a profit but a loss.
Nothing is easy, everything requires a learning process which will later become knowledge for us.
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Well, when I started my crypto journey, I invested in many altcoins; I made a profit on some and also lost money on some of the projects I invested in. First, you must know that the crypto market has a commonly known characteristic, which is volatility. You can buy a coin with a certain amount of money, and when the coin gets volatile, it could dump your asset so badly that your loss will really be a significant one. That's why you have to invest the amount you can only afford to lose, but to be on the safer side, you can also choose to only invest in Bitcoin, which is very predictable in terms of its bear and bull seasons, but altcoins are too many, and there's no one of them you can actually say they have their specific season to pump or dump. If you are a newbie, start with Bitcoin first, but if you must invest in altcoins, do proper research on the project and only invest the amount you can afford to lose.
A lot of newbies make the mistake of investing in altcoins without doing any research but only after hearing from here and there that those altcoins can give them great returns. It has become a trend where a lot of traders hear something either from Social Media YouTube or anywhere else and they go straight away in the market and start making their investments without checking anything themselves.
It's not that newbies should only invest in Bitcoin, but as you said, they need to make sure that they are doing their due diligence before they invest in a cryptocurrency whether it's new or old because anything can happen at any time in the altcoin market.
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invest as much as you can, don't force it for big profits by borrowing funds from relatives, even from banks, I think never, never,
do in-depth research for new projects and never invest large amounts in new projects, the risk of loss will reach 75% for new projects
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For me to invest safely is to do it in Bitcoin , there is no other way, there may be many other things to be able to make an Investment, but in Reality for me it will always be BTC that is the owner of things so that it is better in everything , and the second best option for investment is ETH and Finally the investment that seems safe to me is Monero, because Monero for me will be the Most used method in the future apart from bitcoin, because with all this about Requiring KYC and KYC, well Things with people will change those provisions of leaving for privacy and anonymity, in fact in a big crash that could exist, the coin that I see most likely to Survive is Monero, of course, Bitcoin which has the greatest chance of Success.
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There are so many ways to be secure and safe, and yet those possibilities look "not enough" to most people hence why they end up with a fake result. I feel like people overreact and go towards riskier and riskier stuff because they do not end up feeling satisfied with a bitcoin level return. Bitcoin will give you a return and there is no doubt about that, but when you think about it, things are not that easy to handle at all. I personally believe that the best thing to do right now would be avoiding all those super risky stuff that promises bigger returns because majority of them will just lose your money.
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For me to invest safely is to do it in Bitcoin , there is no other way, there may be many other things to be able to make an Investment, but in Reality for me it will always be BTC that is the owner of things so that it is better in everything ,
Yes, so do I. If you are considering a safer investment, of course Bitcoin is the answer with the DCA Bitcoin system, that in my opinion is the most suitable and safe for me. There is no doubt about Bitcoin, among other cryptocurrencies. So, we just have to think about other things to make it safer, such as the wallet used, access to it, and also the security of data storage and also access to enter. So, we must immediately understand exactly what is missing from our investment.
For the next pick, I will go to ETH and BNB for altcoin investment. For, these two coins are the top 4 coins. The fundamentals are high enough. nd so far, this is trusted enough. We can see how many altcoins are around there, but not all are acceptable. That is why, be careful for picking and selecting the altcoins. Top coins are much better than the new one even with several new projects that are hype.
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invest as much as you can, don't force it for big profits by borrowing funds from relatives, even from banks, I think never, never,
do in-depth research for new projects and never invest large amounts in new projects, the risk of loss will reach 75% for new projects
Basically, when you want to invest, the main goal is to get a fairly large profit in the coin you choose to invest in. However, to invest, you should do research first, make sure you have a project that is useful and has quite a lot of interest in the market. because if you enter the wrong project that is useless it will trap your assets and make no profit at all. If I have to take a very terrible risk then I would prefer Bitcoin to store all the assets I have in the future. I am sure Bitcoin will have a very expensive price because it is increasingly difficult to get Bitcoin.
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Basically, when you want to invest, the main goal is to get a fairly large profit in the coin you choose to invest in. However, to invest, you should do research first, make sure you have a project that is useful and has quite a lot of interest in the market. because if you enter the wrong project that is useless it will trap your assets and make no profit at all. If I have to take a very terrible risk then I would prefer Bitcoin to store all the assets I have in the future. I am sure Bitcoin will have a very expensive price because it is increasingly difficult to get Bitcoin.
Everyone wants large profit but no wants to search first therefore identifying about the project, its token, raodmap and about its team is very crucial. If you are in willing to get huge profit very quickly then you will not make research so I think such people often makes mistakes.
Bitcoin is a good asset and one should keep bitcoin instead of new coins as there are many new projects arising because the creator knows that now it a Bull season and many people will try to invest for huge profit therefore check about the fundamentals of the project if you don't want to be a part of useless projects.
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There are many ways we need to go about making our investment in a safety manners, we need to first identify that we cannot just start an investment without having the background knowledge in it, we also needs to make sure that we have all the necessary requirements that could help us towards achieving along with our targets, all these are what we need to put in place right before we begin in the first place.
Yes i am agree with you, For safely invest first need proper knowledge a about it. Without proper knowledge anywhere investment is not safe i think. Who will invest Money without proper knowledge he will not able to make correct diction.
As a result he will lose his money. So i think need proper knowledge and after then anycan invest.
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Everyone wants large profit but no wants to search first therefore identifying about the project, its token, raodmap and about its team is very crucial. If you are in willing to get huge profit very quickly then you will not make research so I think such people often makes mistakes.
You see those particular ones that love buying shitcoins and meme coins, no amount of advice you will give them and they will believe you, they always think meme coins is the best coin in crypto space and no matter the number of zeros at the back, they believe so much that it will go one day and become significant like Doge coin, so delusional.
Bitcoin is a good asset and one should keep bitcoin instead of new coins as there are many new projects arising because the creator knows that now it a Bull season and many people will try to invest for huge profit therefore check about the fundamentals of the project if you don't want to be a part of useless projects.
Bitcoin remain the best coin to buy but that doesn't mean it doesn't crash as well, it's just that when it comes to volatility, Bitcoin has less volatility than the altcoins and it has less risk but if you buy at the top, you are likely to gain more losses. Bitcoin is also not as profitable as altcoins but in term of risk investment, it's safer.
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For me to invest safely is to do it in Bitcoin , there is no other way, there may be many other things to be able to make an Investment, but in Reality for me it will always be BTC that is the owner of things so that it is better in everything ,
Yes, so do I. If you are considering a safer investment, of course Bitcoin is the answer with the DCA Bitcoin system, that in my opinion is the most suitable and safe for me. There is no doubt about Bitcoin, among other cryptocurrencies. So, we just have to think about other things to make it safer, such as the wallet used, access to it, and also the security of data storage and also access to enter. So, we must immediately understand exactly what is missing from our investment.
For the next pick, I will go to ETH and BNB for altcoin investment. For, these two coins are the top 4 coins. The fundamentals are high enough. nd so far, this is trusted enough. We can see how many altcoins are around there, but not all are acceptable. That is why, be careful for picking and selecting the altcoins. Top coins are much better than the new one even with several new projects that are hype.
Well, I have Always been very pro bitcoin, it is something that I am passionate about, because I have always seen how big millionaires are able to buy a lot of bitcoin and generate profits that ensure a life, but in this case I really liked it. the forum, because it's a lot about altcoins, and as some people think about that , I can't tell lies, investing in altcoins does scare me, just remembering what happened to Luna is something that should make anyone feel bad, so This forum provides information from investors who are clear about things, take changes in the markets into consideration and can make a difference. ETH, BNB and Monero for me are the altcoins that can have the most security in the crypto world, obviously putting bitcoin as the first option.
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Sincerely I don't think this should get you worried over the time because is very easy for you to factor out those project that won't run away with your money, for instance if you go into those established projects then your investment are secured or possibly if you chose bitcoin as investment you wouldn't be having sleepless night thinking how unreliable project would come take your hand earned money and run away without considering how much you have sorts for it.
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I use a crypto fund that does not use utilize leverage, which keeps my investments relatively safe from risk. The system uses a human-in-the-loop AI trading bot to rebalance my portfolio and maximize my returns.
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I use a crypto fund that does not use utilize leverage, which keeps my investments relatively safe from risk. The system uses a human-in-the-loop AI trading bot to rebalance my portfolio and maximize my returns.
is it efficient to implement,
because as we know in crypto anything can happen that you think is safe one day it can destroy you,
please teach me in detail what you said, because I might implement it if it works
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Re: How do you invest safely?
Thread has been created since last year, but I think it's still relevant to this date because there are still investors who are just throwing money in different tokens, and they aren't making any effort in doing research at all. They are just blindly investing based on the recommendation of other people out there.
In general, investing has been never safe because there are always risks on whatever investment it is. What we can do is to mitigate the risks in investing. In cryptocurrency, I believe that the safest way to invest is to invest in what I call "established" coins. Those are the top coins and has the highest market cap. There are still risks but with investing into top coins, the risks are lesser compared to lower market cap coins. Invest in Bitcoin, or Ethereum if you want. That is for me the safest way.
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Honestly, all types of investments have risks. But with enough knowledge to a thing you wanted to invest will minimize the risks. Bitcoin is the best cryptocurrency to invest with because it has lesser risks among them. But, if you really understand how crypto works, you can really make it risks to its lowest. Let us say Bitcoin, if you invest in Bitcoin without knowledge in the market you may lose money in a couple of days or weeks. But if you know when to invest Bitcoin because you've learn so much in the market can make big profit in it even just a days.
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I think it is wrong to name several ways to invest in crypto as the safest, because potential scams are increasingly difficult to detect. Maybe if you mean my best way to avoid scams there are several
1 - It's not easy to get attracted by offers that say they will be profitable in a short time and the amounts are crazy
2 - Not going all in on one project, avoiding worse dangers when we become victims of fraud
3 - Comparing with other, safer projects... sometimes security is more important than offering big profits
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Recently, I personally did not invest in a safe way like others. I jump into crypto memecoins in the hope of 10× or even higher but unfortunately I got liquidated. 😅 Hopefully I will be lucky next time. As long as we try on something risky we might also have a higher chance of making huge profits but that is not for the faint of hearts as this is some kind of gambling for me that requires a heck of a luck. But if we are talking about safe investments then it is no other than DCAing Bitcoin or other top coins on the market.
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Recently, I personally did not invest in a safe way like others. I jump into crypto memecoins in the hope of 10× or even higher but unfortunately I got liquidated. 😅 Hopefully I will be lucky next time. As long as we try on something risky we might also have a higher chance of making huge profits but that is not for the faint of hearts as this is some kind of gambling for me that requires a heck of a luck. But if we are talking about safe investments then it is no other than DCAing Bitcoin or other top coins on the market.
You just need to have a lot of courage by investing in memecoin and you already feel the risk of being liquidated. I never even thought about investing in memecoin, even though I also bought several times, but it was really with free money and also in small nominal amounts.
However, it seems like you are also ready for that risk, so as long as you are ready for all the possibilities that might occur, in my opinion it is a choice and you have chosen a very risky choice like that.
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Doing a lot of research and improving and learning more about the market are just some of the ways to invest wisely, of course the old advice will always work, like only invest what you can afford to lose and always follow the development of the project you're investing so you can take the right action whenever there is a negative news about the project you invest.
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One of the safest ways to any investment is to understand what you intend to invest your hard earn bucks. Crypto is still developing and lots of scammers have taken advantage of the industry by scamming many enthusiasts.
The most common crypto advice has always been DYOR (Do Your Own Research) i.e. conduct convincing research into any project you want to invest your fund and don't invest more than you can afford to lose.
Right before a person invests it is important to make the right decision. Before investing you must consider the amount you can afford to lose. Investing is not that you invest at will and you can fix yourself if you lose. You should always stay away from investments that you may not be able to survive if you make an investment that you want and lose because it is most important to keep yourself safe and secure. Because if I invest and can't enjoy that investment then I don't want to invest. So the investment will be the amount you can control yourself losing. I invested only the amount I could afford to lose.
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Doing a lot of research and improving and learning more about the market are just some of the ways to invest wisely, of course the old advice will always work, like only invest what you can afford to lose and always follow the development of the project you're investing so you can take the right action whenever there is a negative news about the project you invest.
That way we can find out at what price it is good to enter and at what price we have to exit to take the profit that has been obtained. Apart from that, learning is something we have to do to increase the experience and knowledge we have.
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Everyone wants large profit but no wants to search first therefore identifying about the project, its token, raodmap and about its team is very crucial. If you are in willing to get huge profit very quickly then you will not make research so I think such people often makes mistakes.
You see those particular ones that love buying shitcoins and meme coins, no amount of advice you will give them and they will believe you, they always think meme coins is the best coin in crypto space and no matter the number of zeros at the back, they believe so much that it will go one day and become significant like Doge coin, so delusional.
It is greed that is making people to shy away from bitcoin and prefer to invest in meme coins to see how they can make huge profit with small capital. And they will encourage themselves that the coin will be profitable in future. Infact, I will call it gamble because they even know that there is 50-50 possibility of it crashing, but they will still go ahead.
I met an old friend recently, and he was also into crypto, when I asked him which coin is he hodling, to my greatest surprise he has more two different bag of shitcoins which he is very happy about, and he told me that in future he will be rich. I laughed and told him the difference between shitcoins and bitcoin and why he needs bitcoin. He told me that bitcoin is too expensive. I
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That way we can find out at what price it is good to enter and at what price we have to exit to take the profit that has been obtained. Apart from that, learning is something we have to do to increase the experience and knowledge we have.
Everyone should look at the market price and then think about a value for buying and selling but this should also be done according to the market conditions. Achievement is not so easy but for it you have to be patience enough to wait until your hold coin touches your choose value.
Knowledge can be increased through proper research and Experience can be increased through self involvement to visualize the basics of trading and investment. You cannot get experience through listing others until you become a part of the field and examine each and everything with your own senses.
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- If you want to invest safely and not waste your capital, you must know how to do your own research on the coin you are looking for. There are many ways we can use platforms to find legitimate coins in this field, such as Coingecko, CMC, Geckoterminal, and others.
These are just some of the ways we can find good crypto to do as a form of investment. Especially in this era of bull runs, there are many scammers who will take advantage of us to become victims. We need to be smarter than them as much as possible.
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Wanting to invest safely in a new cryptocurrency project is certainly more difficult than investing in a cryptocurrency project that has been running for a long time. Until now, many projects have been launched but their lifespan is only limited to fundraising, after that many of these projects will disappear in their own ways.
The safest way to invest in cryptocurrency is to buy BTC, yes... because the world of cryptocurrency is very risky, but with this high risk, if you are lucky you will get something big too. It's worth the risk, so it's only natural that many people lose their money because they may not be aware of this risk.
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Wanting to invest safely in a new cryptocurrency project is certainly more difficult than investing in a cryptocurrency project that has been running for a long time. Until now, many projects have been launched but their lifespan is only limited to fundraising, after that many of these projects will disappear in their own ways.
The safest way to invest in cryptocurrency is to buy BTC, yes... because the world of cryptocurrency is very risky, but with this high risk, if you are lucky you will get something big too. It's worth the risk, so it's only natural that many people lose their money because they may not be aware of this risk.
There is no doubt that Bitcoin is the safest investment option available in this industry but that doesn't mean other cryptocurrencies are useless or aren't worth investing. One thing that is essential for every investor in this industry is to always do research before investing because as you said, a lot of projects that are launched aren't as good as some investors might think and that is the reason why they lose money.
If someone invests in cryptocurrencies only after doing enough research, their chances of losing money will be much less because they will only invest in cryptocurrencies and projects that are good and have the potential to provide good returns on investments.
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I just made a similar comment I'm another thread. You don't have to invest any platform you see in the internet about trusted ones. And base on what you said, it is only advise to invest your coins to an open source wallet and if it is for trading there are platforms that are good for trading. You can use metatrader or reputable exchanges to trade. And if it is for investment then you can use open source wallet or airgapped wallet to invest. So with that, nobody will take your money and run away because you have used legit and secure platforms to do your businesses.
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I just made a similar comment I'm another thread. You don't have to invest any platform you see in the internet about trusted ones. And base on what you said, it is only advise to invest your coins to an open source wallet and if it is for trading there are platforms that are good for trading. You can use metatrader or reputable exchanges to trade. And if it is for investment then you can use open source wallet or airgapped wallet to invest. So with that, nobody will take your money and run away because you have used legit and secure platforms to do your businesses.
Most times people don't understand what they are actually wants because whenever they sees anyone post online about good news on coin or a platform they invested they feels so cool to go join them without knowing some of this are just naturally trap for them to fall to get scammed.
Op needs an Open source wallet ( Electrum wallet can be used here) or
Hardware wallet.
After which he can create account on exchange that is trusted, buy and moved his bitcoin to the address downloaded. If he thinks fee will be much then he can use p2p then they send directly to his address.
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Investing in cryptocurrency can be exciting, but it’s important to do so safely to protect your investment.
Before investing, understand what cryptocurrency is and how it works. Familiarize yourself with blockchain technology and the specific currencies you’re interested in.
Don’t invest more than you can afford to lose. Cryptocurrencies can be volatile, so it’s wise to start with a small investment and gradually increase it as you gain more experience.
Use secure wallets to store your cryptocurrencies and enable all available security features, such as two-factor authentication.
Just like with traditional investing, don’t put all your eggs in one basket. Diversify your crypto portfolio to spread the risk.
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Use secure wallets to store your cryptocurrencies and enable all available security features, such as two-factor authentication.
Use hardware wallets for your own safety. Because they're the recommended ones to use. If you don't have an hardware wallet then use desktop or mobile wallets that are secured and I agree about 2FA. It's a second layer of security before someone gets access to your funds. Not all users are using 2FA because they think they're safe but it's the a recommended application if you want additional security for your funds.
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First of all you need to ensure maximum security of money when investing. To ensure maximum security, you have to see which coins in the market are more reliable and among all the coins in the market, if we invest in which coin, the risk of our money will be much less. Because instead of expecting more profit we should invest in those coins which will have less risk of our money. Many investors make such a mistake that they invest in the wrong coin to gain a relatively large amount of money where they lose all their money. But it is not a safe investment at all, it is foolish to expect extra profits if your capital is not ultimately protected.
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Just like with traditional investing, don’t put all your eggs in one basket. Diversify your crypto portfolio to spread the risk.
It's true, diversification is very important... but never diversify into the same type of asset... for example, if you only like cryptocurrency, it's a good idea to also pay attention to other assets such as shares or bonds. As time goes by, you will find an appropriate risk profile for yourself in relation to the number of assets you own.
Cryptocurrency obviously has many types of coins, from meme coins to coins with high utility, you can buy PEPE or DOGE, but you also have to pay attention to other coins such as BNB or ETH and more importantly, don't forget BTC.
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It's true, diversification is very important... but never diversify into the same type of asset... for example, if you only like cryptocurrency, it's a good idea to also pay attention to other assets such as shares or bonds. As time goes by, you will find an appropriate risk profile for yourself in relation to the number of assets you own.
Cryptocurrency obviously has many types of coins, from meme coins to coins with high utility, you can buy PEPE or DOGE, but you also have to pay attention to other coins such as BNB or ETH and more importantly, don't forget BTC.
I prefer to keep assets in the form of Bitcoin, Ethereum and BNB. I don't want to buy meme coins in the form of Pepe or Doge which in my opinion have very high risks and no guarantee for a bright future.
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There is no safe way to invest on any exchange. There is a risk in all of this. Pay attention to the settings and select the CEX exchange in which you intend to profit.
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Use secure wallets to store your cryptocurrencies and enable all available security features, such as two-factor authentication.
If you are using a recommended wallet, i.e. Electrum wallet, then i would recommend that you set up a multisig wallet, rather than a 2fa wallet. Another extra layer of security is to extend your seed phrase with a passphrase, this gives you extra protection and can help you create plausible deniability in a situation of a $5 wrench attack.