Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: sonaa on September 06, 2024, 01:31:57 PM
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Which cryptocurrency do you want to invest in?
If you are really new and want to invest in crypto, it is better to learn first about what crypto is, what it is like, and others, including wallets, exchanges, and others.
Oh yeah, regarding what crypto to invest in, in my opinion, the best for beginners is still Bitcoin. Even if you want to invest in other cryptocurrencies, just choose the top altcoins.
You can check the crypto list here:
https://coinmarketcap.com/
Indeed, on social media there are lots of cryptocurrency advertisements that are really viral, my advice, don't get into hype coins like that first if you are new. because the risk is very high. Don't easily believe anyone who tells you that you will get super high profits by investing in their project or through them in an instant. That is quite suspicious and could be a scam. So, be careful in choosing the crypto to invest in.
Good luck.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
To invest, you should have an idea about what you first want to put your money into. What kind of investor you want to become and how you will be able to manage your investment capital. You have to dive into research to do all these. Investing isn't just by putting up your money into any financial market but then you should know how to grow that money in the period of time which your investment is going to last. Again beware that there are lots of scammers out there looking for newbies to scam by claiming to offer them help. Also remember do proper research.
-
What do you mean by starting a start-up but not knowing anything? Why would you even start something if you don’t see what you’re doing? It’s going to be an automatic failure and wouldn’t be as effective as something you know and are possibly passionate about.
Are you talking about starting a company that invests in the crypto market? Please clarify, OP.
-
The young people have been habit with startup business but its not easily because need knowledge and understand well with marketing how to make your business keep running well and not got loss much.
I think more easily to handle with bitcoin and altcoin investment than opening startup business need many related and much knowledge about marketing system.
Trading only need research and analyze about right time to buy and waiting few moment later around daily day or weekly for selling when price going up.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
You're asking a question like I don't know how to swim but I would like to know how to swim.
The process includes learning, trying making mistakes and try again and repeat and that's how you can learn anything not just investing on cryptos. These forum might help you if you have problem with something specific but asking such a vague question is just shows how lazy you're to do your own research.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Since you are a newbie in crypto, I would advise you to think of investing in bitcoin and hodli for a long time. Buy with any amount that you have for as low as $5 and above but try to do it consistently using DCA method, whereby you buy every week or every month for up to 4 years and above. Don't get carried away with the promises from other projects because you might run at loss. Don't store your coins in an exchange.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
If you want to invest, make sure that you've done your research already.
If you want to invest, make sure that you've done your part.
What do I mean when I say your part? Did you watch documentaries already? Did you watched educational videos already? Do you know the basics of cryptocurrency already or even Bitcoin? If you answer yes to all of the questions then you're good to go. When you're starting up as a newbie, it's pretty normal to feel reluctant to invest because you're afraid of losing your money, but as you learn more, that feeling will slowly fade away and you will be ready to invest when you feel you're ready.
Now to answer your question that's a bit contradict, you want to invest as a newbie? Go watch YouTube videos.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Cryptocurrency is broad because there are Bitcoin and Altcoins, and altcoins also have very different characteristics, characters, supplies, technologies, etc. If this OP wants to rush to invest in cryptocurrency, it would be better to choose Bitcoin to invest in. Bitcoin has many fans all over the world and altcoins that have just arrived or have been around for a long time are likely to be easy to Scam or become Dead Chain.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
It is natural that when a person comes to a new platform he will know little about that platform. But what is unusual is when that new person jumps right into investing without gaining any knowledge without understanding well. And the sad fact is that most people do this. And later regrets when the investment is lost.
So my initial suggestion to you is that since you are new in this space, firstly you should know well about this crypto how to invest here and be profitable and for newbies what should be learned first and what should start investing these things should be done first need to know. And later when you have a rough idea, you have to make the investment, moreover if you make the investment earlier then your chances of losing will be more.
-
At first before you think of investing in a business or project, you must have done a little research on it to know more about it. You can not be doing a startup without having knowledge about it. So why did you begin a startup when you have not taken your time to really study the line of investment or business you want to go into. Courtesy demands that you should have had enough knowledge from research and findings about the business you are about flaunting.
Lastly, OP did not really give us clues or mentioned the type of investment he or she is talking about so I assume it is a crypto investment since we are on a crypto platform. So far the response from members could help OP out since it is pointing towards the same direction of acquiring knowledge of the investment at first before moving further to invest in it. So I will say to OP to invest funds he or she can afford to loose and also spare cash they would not use for long pending till they achieve their investment goal i.e making profit.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
When you have no idea about something, it is advisable not to go into it until you gain expertise about it.
Using crypto as an example, you ought to learn about the basic knowledge before moving into it. You don't just jump into it without having someone who will lecture you on how the crypto market is.
OP, I will advise you to learn about the basic knowledge of crypto to have a better understanding of how it is, so that you won't invest wrongly or invest more than you can afford to lose.
-
But if we want to invest how to do it??
If you want to invest in crypto, you need to ensure you have good knowledge about it first. Before you have knowledge, you are better to not start investment and focus on learning first. Knowledge is very crucial, it has a big role to determine the success in crypto investment. And if it is the first time you invest in crypto, I suggest to invest in small funds. You can invest in bigger funds when you understand well the crypto investment. Don't immediately to invest in big amount of money, especially for altcoins. I recommend Bitcoin for your investment if you are a beginner.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
If you want to invest in cryptocurrency, the first thing you need to do is find the right coin and the best investment strategy for you. For example, if you’re aiming for short-term profits, you’ll want to invest in a coin that can generate returns faster compared to long-term investments. Long-term investments don’t mean you can’t make money quickly, but as a long-term investor, you won’t convert profits in a short period—you have to wait it out.
Once you know whether you’re going for a long-term or short-term investment, you’ll need to search for relevant coins and invest in them while managing your risk and potential losses. Educating yourself and researching what’s best for you in crypto is essential.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Surely, when you don't know a lot on something you would be reluctant to invest on it so I am suggesting to get all the details necessary so you can decide for yourself whether this can be a good opportunity to make money or can be the one that can burn your hard-earned riches. You can never decide right if information can be scarce...but am wondering how come you don't know much on this start-up? Because the people behind it are not forthcoming or transparent? Then I am suggesting to stop and run...am sure there can be more opportunities you can find where you can be more comfortable top invest with. The question on how to do it must be supplied by the opportunity you love to invest with so ask them all the necessary concerns.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Invest with the same mentality of not doing so when you lack the idea of how it is being done, then as a newbie, you don't have to pull in your investment once and for all, you start small and later continue to grow your investment in other to avoid high lost as a cost on making such investment if anything happens unexpectedly, the procedures starts from learning, taking time, avoiding risk and investing on what one can afford for loss.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
To become a new investor one should acquire good knowledge on investment of that particular area. Gain knowledge about the subject you are interested in investing in. Because investing without knowledge will increase the chances of losing rather than profiting. Pay attention to the risks involved in investing in cryptocurrencies. Moreover, it is necessary to be aware of the timing of those investments. Because some cryptocurrencies typically require long-term investment holdings. Investments should be made after being well informed about these issues before investing. By doing this, an investor can gain a better understanding of investing as well as reduce the risk factors.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
first thing you need to do is know more about it of course you will be reluctant and hesitant because you don’t have any faith in what you are about to invest in
but if you know details and you understand the project you are about to get into you can build faith and trust and you will be able to shake off the reluctance in you the more you know about something the more you can be confident about it
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Learn and understand the market simply as that. There are a lot of courses online or even videos in YT that you can see so that you can acquire the needed knowledge on investing.
If you are really have 0 comprehension, then it might take some time for you to grasp everything. But if you have at least a basic understand on investing, like buy low and sell high, then you will have to choose a good exchange to where you can buy your first crypto and then get a wallet that you have total control of the private keys and mnemonic phrase or better yet a hardware wallet.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Nomatter how attractive and investment would be, it is never a good move for the beginners to ignore learning about the investment.
Imagine investing on highily volatile currency currencies or on the MemeCoins, those are required basically and essentially knowledges before venturing or even Crypto trading, we just can't ignore learning about the terms to guide us through it knowing how risky they could be.
But if we consider venturing on Investing in Bitcoin, that could be considered because the risk of investing on Bitcoin is minimal and Investors with strong emotional trusts would always make it without much knowledge about it but it is certainly expected that we must keep our seed phrase secured and other security terms to secure our funds.
Exempt that, there is no must technicalities in investing on Bitcoin while others Coins could be.
-
If you are confused because of lack of experience, I suggest to invest small and observe the development of your assets carefully...
As many projects you invest, it will add to your experience in investing, from there you will have personal data about potential and opportunities, along with the characteristics of promising projects....because you can start to filter when you really have experience...
Yes, besides investment is a world full of uncertainty, so there's nothing wrong with trying... because if you don't try, you will never know... and if you fail in every attempt, believe that there is wisdom in it...
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
I wouldn't really call it investing less I would call It risk management, before investing in crypto you must know that the market has it's usual price fluctuations so investing all you have as a beginner is not adviced, instead take your time to study the market before diving in. Don't think of taking high risks as a beginner, give enough time to learning process before you start hodling or trading, don't just Rush into it
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Invest what you can afford to lose. Take note that crypto is not a startup, and there are so many cryptocurrencies out there, many of them are centralized, a scam, premined, etc. I will recommend that you buy BTC, it is decentralized, censorship resistant and permissionless and if you buy it and store it for the long term, you are going to make profit on it. Take your time to learn about it before buying though.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
This is why you often see the phrase invest what you can afford to lose. Don't put money you will need immediately into crypto, it might goes how you expected it probably in bull run but most often, it doesn't yield good profit immediately this is why you have to use money that is not urgent and also make sure you can let go if it doesn't work out.
The thing is can tell you to watch out for are things like doing your personal research which include understanding the concepts and scope of the project, understand who are behind the team, understand the tokenomics of the project and lastly watch out for scams, the scam aspect is very important.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
To become a new investor one should acquire good knowledge on investment of that particular area.
This is one of the big mistakes investors do make, not knowing or having knowledge of the business they are about investing their funds. It is common in crypto where influencers hype a project for people to think all is well with the project and investors rush into it without doing their proper research reasons being that notable celebrities and influencers did made comments and posts about such project and they just rush to invest and at the entire end they get scammed or the project crash and they loss their investment and capital.
As an investor, there are lots of things you would have to do, checking the origin of the project matters, the founder, developer, knowing the full team behind the project is very important not just depending on influencers hype alone. Checking the operational license matters as well. These are some few tips you are to know better before investing in such project.
-
If we are willing to make an investment, then the first thing we must have in mind is on how we could acquire the basic requirements needed for doing that particular thing, it will help us by being a good investor in whatever thing we do, because we are having a sound knowledge or idea about it, but going into an investment without having direction will lead to uncertainty experience, which i will also conclude by saying, it not by crypto investment or non crypto investment, but what we know.
-
If we are willing to make an investment, then the first thing we must have in mind is on how we could acquire the basic requirements needed for doing that particular thing, it will help us by being a good investor in whatever thing we do, because we are having a sound knowledge or idea about it, but going into an investment without having direction will lead to uncertainty experience, which i will also conclude by saying, it not by crypto investment or non crypto investment, but what we know.
Vocabulary that is difficult to understand @_@ ... even if I think a beginner does not meet the knowledge requirements (you might call it basic requirements) to start investing, then he will not start the investment immediately ... this has an impact on the starting point which will always feel afraid in making decisions ...
It is true that perfection regarding knowledge can increase our chances of getting profit in investment, but it also needs to be built from scratch where all professionals start from a newbie who doesn't even know anything about cryptocurrency .. so, I agree more if everyone can start investing without which is adjusted to their stage ... starting from the newbie stage, the learner stage to the professional stage.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
You mentioned that you don’t know much about the project, which makes you hesitant to invest. Instead of feeling reluctant, take the time to learn more about the project you’re considering. For a long time, I wanted to start my own blog, but I could never get it off the ground due to the effort required and the lack of manpower. I was always searching for a suitable partner, and I was so blinded by my own hesitations that I even missed the chance to be part of another admin’s site because I couldn’t commit any time to it.
Time has always been a challenge for starting the blog, but the real point here is that the money needed isn’t as significant when compared to the potential results. I believe the outcome will far exceed the investment required. That's why I’m no longer hesitant because I’m confident that my efforts, both in terms of time and money, will pay off. Once you realize this for yourself, you won’t feel reluctant either.
-
Investing in crypto requires a lot of practice and knowing the step by step steps to invest here. With the volatile nature of cryptocurrency markets and potential risks, this layer of protection can bring investors peace of mind. You need to have experience on how to pick the best coin. Which of your investment short time or long time will be acceptable to you. Choose the best exchange and ensure the security that your funds are safe. To avoid scamming one should know about this and make sure to avoid the risk related to hacking. And if you want to invest long time then always collect top coins from cmc.
-
The thing is can tell you to watch out for are things like doing your personal research which include understanding the concepts and scope of the project, understand who are behind the team, understand the tokenomics of the project
All of these can help in some cases, but in other times you could check all of these and the project still ends up to be a scam, this is why i don't invest in too many projects. I believe in BTC, it has use cases and it is an open source project, so most of my funds for crypto investment goes into BTC. Altcoins can be tricky, especially for newbies, so maybe they should start with only BTC.
-
The thing is can tell you to watch out for are things like doing your personal research which include understanding the concepts and scope of the project, understand who are behind the team, understand the tokenomics of the project
All of these can help in some cases, but in other times you could check all of these and the project still ends up to be a scam, this is why i don't invest in too many projects. I believe in BTC, it has use cases and it is an open source project, so most of my funds for crypto investment goes into BTC. Altcoins can be tricky, especially for newbies, so maybe they should start with only BTC.
Starting with altcoin is actually not a big problem, as long as the amount of money invested is small... we can get high experience from several of those trials, the most important thing is not to give up easily when you fail... and never invest in a large amount if you have no knowledge of the related project...
The point is that altcoin is riskier, so understand the altcoin space because there you will learn a lot from failure when investing.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
How you invest depends on how much you’re willing to put into that investment. Also, it depends on how risky the investment can be before you will decide on the amount you can put. Some investment requires less risk and low ROI while some of them have high risk and give good ROI over a period of time. It is also not advisable to just jump into an investment without doing a duly research about it, it could lead to more losses and eventually bankruptcy in that investment.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
How you invest depends on how much you’re willing to put into that investment. Also, it depends on how risky the investment can be before you will decide on the amount you can put. Some investment requires less risk and low ROI while some of them have high risk and give good ROI over a period of time. It is also not advisable to just jump into an investment without doing a duly research about it, it could lead to more losses and eventually bankruptcy in that investment.
Yes, I just say that an investor needs to do as much research as possible before investing. Some investors decide to invest in crypto platforms without proper research they invest only with an assumption that the profit margins are high. They invest in the wrong projects in the hope of getting more, due to which they lose their wealth in the long run instead of getting returns. Sometimes the investor invests only the amount he is not ready to lose due to which he is exposed to big losses. All investors should be aware of this. Cryptocurrency is risky investment so if one wants to reduce his risk then he must invest within control.
-
. Sometimes the investor invests only the amount he is not ready to lose due to which he is exposed to big losses. All investors should be aware of this. Cryptocurrency is risky investment so if one wants to reduce his risk then he must invest within control.
people go out of their way to invest in crypto they put all their savings sometimes even take out loans just to invest in crypto this could be the worst decision ever in your life you should never invest money that’s not yours
yes there’s a possibility of profit but there’s also possibility that there’s none you will end up with further losses if you do this
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
How you invest depends on how much you’re willing to put into that investment. Also, it depends on how risky the investment can be before you will decide on the amount you can put. Some investment requires less risk and low ROI while some of them have high risk and give good ROI over a period of time. It is also not advisable to just jump into an investment without doing a duly research about it, it could lead to more losses and eventually bankruptcy in that investment.
How much money or resources one puts in an investment is also dependent on the investor’s investment goals too and also how much information and confidence you have in the investment, different investors has different goals and these goals can influence how much effort and resources you put into it. There people who buy Bitcoin particularly for the profits, and their goals will be completely different from an investor who buys Bitcoin particularly for the purpose of storing his wealth and how much these both investors decide to put into the investment will differ, one may be more aggressive than the other by investing more based on how close he feels he is towards achieving his investment goals. So it’s based on the investor’s perspective, goals and viewpoints, which may likely vary from investor to investor.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Your reluctance to invest in a new startup comes from a lack of confidence, and your confidence will only increase when you have more knowledge about what you are about to invest in.
Knowledge is widely available to everyone, and you can acquire it by conducting your own research rather than relying solely on the information you learn from others, which may be inaccurate or incomplete.
-
people go out of their way to invest in crypto they put all their savings sometimes even take out loans just to invest in crypto this could be. the worst decision ever in your life you should never invest money that’s not yours
yes there’s a possibility of profit but there’s also possibility that there’s none you will end up with further losses if you do this
Investing in crypto should be with safe money, we should avoid to use loan money. Crypto investment is high risk, we can't deal with the risks if we use the loan money. I know most crypto coins offer high profits, but there is also big risks. It is possible that we experience losses, we may lose the money as well. If we use loan money, we must repay the loan money. Meanwhile we have lost the money, and we may have no more chance to gain money at that time. That's why we don't use loan money.
-
Your reluctance to invest in a new startup comes from a lack of confidence, and your confidence will only increase when you have more knowledge about what you are about to invest in.
-snip-
I was also like that at first, I was not confident and felt that every time there was a new project I was still hesitant to enter because I had no knowledge at all how to do analysis on a new project.
But as time went on, I began to learn to be able to do my own analysis whether a new project could provide profits or not and whether it was original or not.
so there is no need to wait for advice from others and can be early, but need to be careful because what looks legitimate cannot necessarily produce.
-
so there is no need to wait for advice from others and can be early, but need to be careful because what looks legitimate cannot necessarily produce.
Working on all opportunities, as long as it's free and doesn't mind it, so I think it's not wrong for newbies... me too, every opportunity I do it and even some that fail and some that succeed make me learn that there's nothing wrong with working a little extra, as long as we don't miss some sweet jobs in the end..
However, for now the win rate as a free worker, such as airdrop or bounty is getting smaller. so sometimes it's tiring if there's never any news about income that doesn't increase.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
If investing in cryptocurrency, it would be better to use a little capital first because I have never tried to buy or invest in cryptocurrency. Maybe I will also give an overview of investing in cryptocurrency like this:
- Capital of 10$, buy a good coin such as BNB, if it feels like it is going up then sell it immediately, but if after buying the BNB it goes down immediately then hold it.
- Pay attention to the price changes from the capital of 10$, and the decrease in the initial capital price is what will later provide value when we trade with large values, such as 100$, 1000$ etc.
-
-snip-
However, for now the win rate as a free worker, such as airdrop or bounty is getting smaller. so sometimes it's tiring if there's never any news about income that doesn't increase.
this depends on how you do some promotions with your referrals and take advantage of every opportunity that exists.
If the winrate is small and the number of participants is increasing, of course the rewards that will be given will not be satisfactory in the end will not be worthwhile.
Looking at the flashback of airdrops such as NOTCOIN, DOGS, CATIZEN, it provides rewards that are quite worth it and the better it is in spreading referrals and many who join and do every task given will be an extraordinary advantage.
But quite disappointed with some airdrops that offer very small rewards like Hamster Combat, with many participants registered and rewards that won't even earn anything, just wasted work.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
You need to know the project you are investing in before you can invest. You need to know some basic information about the project, do some research about the project which include knowing and verifying the owners of the project, their partners, their roadmap, and making sure you know how transparent they are before investing on the project. If you achieve all these and you are convinced with the project, then you can decide the wallet you will use to but the coin depending on the network/chain the project is launched on.
If you don't want to go for all these stress, then invest in Bitcoin in your personal noncustodial wallet, and keep your private key safe. If you can even set up an offline wallet, you will be free from anything attack related to the internet until you are willing to sell your coin.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
How you invest depends on how much you’re willing to put into that investment. Also, it depends on how risky the investment can be before you will decide on the amount you can put. Some investment requires less risk and low ROI while some of them have high risk and give good ROI over a period of time. It is also not advisable to just jump into an investment without doing a duly research about it, it could lead to more losses and eventually bankruptcy in that investment.
Yeah, that's right. But we just have to learn basics on how to transfer funds from exchanges to your bank or other wallet. And the things you need to avoid to prevent losing tokens. Because even if it's basics we just really need to know it.
My advice is to invest only what you can afford to lose. Some people may look at your investment a small but others may see it big, it's just depend on how you see it.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
To invest, you should have an idea about what you first want to put your money into. What kind of investor you want to become and how you will be able to manage your investment capital. You have to dive into research to do all these. Investing isn't just by putting up your money into any financial market but then you should know how to grow that money in the period of time which your investment is going to last. Again beware that there are lots of scammers out there looking for newbies to scam by claiming to offer them help. Also remember do proper research.
Yea but your knowledge should be basic though am not referring to altcoin and shitcoin which requires you to research very well before you can invest, am only referring to an intending Bitcoin investor, what an intending Bitcoin investor need is the basic knowledge of the said investment, the strategy to apply in buying Bitcoin, how to hold, and the wallets thats good for hodling your bitcoin, also an intending investors should have a set goal that will enable him or her to apply a good means of achieving his or her goals without much stress or presure then other things can be learned in the system, in the aspect of other coin, investors should be aware of over hyped projects because they are likely to be scam projects, if they must invest, it shouldn't be with a huge amount, for me i suggest they use little amount to avoid regret if loss occurs.
-
Yeah, that's right. But we just have to learn basics on how to transfer funds from exchanges to your bank or other wallet. And the things you need to avoid to prevent losing tokens. Because even if it's basics we just really need to know it.
My advice is to invest only what you can afford to lose. Some people may look at your investment a small but others may see it big, it's just depend on how you see it.
Very important part about basic knowledge considering transfer cryptocurrency fund between wallet to exchange account or how to withdraw become fiat assets. I think its basic knowledge needed before investing in cryptocurrency about how to make deposit, withdraw, transfer and know well all network kinds before transferring cryptocurrency assets.
Its crucial knowledge have to know in cryptocurrency because when sending assets to other wallet but have one word difference only will make our assets gone and in cryptocurrency transaction don't know with refund after using wrong wallet for withdrawing our crypto assets.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Our main goal of investing is to make profits, but how can we invest when we don't know what we're investing on? Bitcoin and altcoins are not risk-free if you lack understanding, before putting your money into any investment make sure you conduct proper research.
Investing in bitcoin is beneficial if you adopt a long-term strategy, invest just what you can afford to lose, and have emergency funds aside to keep you focused on your investment. Understand wallets, pick a reputable wallets to hold your coins, and if you want to invest in altcoins, I suggest researching the best ones because there are many risks involved in Altcoins than Bitcoin.
-
First, we must first learn how crypto works.
Second, don't rush into the crypto circle.
Third, prepare a reserve fund because crypto is unpredictable.
Fourth, prepare a strong mentality specifically for crypto.
For investment, I am sure that a little is enough because I feel that crypto has a price change that always changes so quickly. I am also sure that crypto does not provide full benefits because there must be losses. So, just prepare a strong mentality to immediately enter the crypto world.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
The first thing is you must know how to look for value and use cases attached to the project and don't rely on hype; its deceptive and will make you lose in the long run, or if you do not know how the game of pump and dump is played, its better to look for long-term, that will yield better results and profit repeatedly; one such example is Bitcoin and Ethereum.
Investing in cryptocurrency has a lot of traps, so educate yourself first and don't be in a hurry to make a profit.
-
I don't know the cryptocurrencies you want to invest in, i buy mostly BTC, and i do not have any plans of buying less of it, i believe the future is going to be good for bitcoiners. However, if you are buying pump and dump coins, you may have to sell it as soon as you have made some returns, and i can recommend that people invest less in new projects.
-
I don't know the cryptocurrencies you want to invest in, i buy mostly BTC, and i do not have any plans of buying less of it, i believe the future is going to be good for bitcoiners. However, if you are buying pump and dump coins, you may have to sell it as soon as you have made some returns, and i can recommend that people invest less in new projects.
BTC ----> No doubt, must have
Altcoins ---> must be more and more selective, with its own risks. More returns, more risks probabilities.
so just take your own responsibility in choosing the right altcoins to have.
And it's true, diversification is important when putting our money in altcoins. Even if you like 1 coin, just bet on it, but don't go all-in, because you still need more money for other altcoins. Note: top altcoins .
For me, I'm diversifying some altcoins such as ETH, BNB, ADA, XRP, and other top altcoins that I have had since the previous bullrun. so, this is just a matter of waiting.
-
Trust most of your luck, the rest use your brain to gather important information about the related project... early adopters always have a greater risk, but the potential profit is also large if they succeed in making accurate decisions..
The point is, don't be reckless in investing in new projects, because we know that there are so many new projects emerging lately, and our vision is not perfect enough to predict all the new projects that exist.
-
I don't know the cryptocurrencies you want to invest in, i buy mostly BTC, and i do not have any plans of buying less of it, i believe the future is going to be good for bitcoiners. However, if you are buying pump and dump coins, you may have to sell it as soon as you have made some returns, and i can recommend that people invest less in new projects.
would anyone want less of bitcoin?
i doubt! all of us want more if possible and i am fully convinced that a lot of us are hindered from buying more bitcoin because of the price and how much of it we can only afford if i had the money i would definitely buy more bitcoins to hold and maybe use it for some transactions every now and then
-
would anyone want less of bitcoin?
i doubt! all of us want more if possible and i am fully convinced that a lot of us are hindered from buying more bitcoin because of the price and how much of it we can only afford if i had the money i would definitely buy more bitcoins to hold and maybe use it for some transactions every now and then
In my opinion, no doubt for investing more in bitcoin behind how progress movement significant of bitcoin than other investment way, usually other investment way take around several years later to earn much profitable but difference when investing our money in bitcoin.
I have allocated around 60% of my saving money for holding in bitcoin only due increasing benefit earn than save only as fiat, however when bitcoin hitting higher price my saving assets increasing drastically but when going down keep hold it until recovery back to higher price.
-
would anyone want less of bitcoin?
i doubt! all of us want more if possible and i am fully convinced that a lot of us are hindered from buying more bitcoin because of the price and how much of it we can only afford if i had the money i would definitely buy more bitcoins to hold and maybe use it for some transactions every now and then
In my opinion, no doubt for investing more in bitcoin behind how progress movement significant of bitcoin than other investment way, usually other investment way take around several years later to earn much profitable but difference when investing our money in bitcoin.
I have allocated around 60% of my saving money for holding in bitcoin only due increasing benefit earn than save only as fiat, however when bitcoin hitting higher price my saving assets increasing drastically but when going down keep hold it until recovery back to higher price.
Investing in bitcoin is a really perfect investment but if you can’t invest for longer term then don’t try and invest in bitcoin. Allocating almost 60% of your saving it was a really perfect choice at least you did make a profit unbelievable decision. To much holding of investments after it getting dump or the market is falling can really be risky so I will like you to make a better decision not holding for to long after a great pump or raising of the price.
But if you can still risk it then the decision is left for you but after making a perfect profit I will advice to make a perfect decision to TP (take profit) and SL (stop loss).
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
The first thing is you must know how to look for value and use cases attached to the project and don't rely on hype; its deceptive and will make you lose in the long run, or if you do not know how the game of pump and dump is played, its better to look for long-term, that will yield better results and profit repeatedly; one such example is Bitcoin and Ethereum.
Investing in cryptocurrency has a lot of traps, so educate yourself first and don't be in a hurry to make a profit.
The first thing OP needs to do is to put in his mind that crypto investment is not a get rich quick scheme but a long term investment for the future, so that he can make up his mind if he is ready or not. Secondly, since OP is new in the cryptospace, it will be difficult for him to know the right coin to invest that will not make him run at loss, therefore, bitcoin should be on his mind. Only invest in bitcoin so that you can have rest of mind and a long-term hodler, and you can also be buying more whenever you have the money. Forget about investing in altcoins for now till you become an OG in the space, where you can decide on whatever coin you feel is cool for you to invest in.
-
I don't know the cryptocurrencies you want to invest in, i buy mostly BTC, and i do not have any plans of buying less of it, i believe the future is going to be good for bitcoiners. However, if you are buying pump and dump coins, you may have to sell it as soon as you have made some returns, and i can recommend that people invest less in new projects.
would anyone want less of bitcoin?
i doubt! all of us want more if possible and i am fully convinced that a lot of us are hindered from buying more bitcoin because of the price and how much of it we can only afford if i had the money i would definitely buy more bitcoins to hold and maybe use it for some transactions every now and then
Lets take for example into this situation in regarding about those bear market time where Bitcoins price hit that low of $15k, pretty sure that tons of investors or people who had been holding their coins are already skeptical that it might go to zero. For those who had that able to buy more on that time are the ones who do make money. It all matters on how you do make out some investment and taking up risks on which we do know into the saying that be greedy when others are fearful on which this one works everytime. Therefore, it will really giving out that kind of lesson into those people that if you wont take risks then you wont gain something.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Make your researches, do consultations as it may be needed as a beginner.
Then dedicated your time to study the peripherals of the coin on how the market values works.
You should not forget to invest what is affordable to lost of in case the market does not offer your expectation.
Also, keep your seed phrase secured and don't trust anyone with it.
-
To be honest, I'm already thinking about investing in cryptocurrency myself and using one of the exchangers \
-
To be honest, I'm already thinking about investing in cryptocurrency myself and using one of the exchangers \
You're in a crypto forum and you haven't invested yet? I am not surprised but that's fine. There are skeptical people that are in the forum and haven't found themselves invested yet. That's an interesting take because you're still researching of what you must do and that's a normal thing to do. If you're already thinking about getting on it, you should think more and better because we're already in a bull run, it's not yet late you can get ready for the next bull run cycle.
-
To be honest, I'm already thinking about investing in cryptocurrency myself and using one of the exchangers \
What cryptocurrency do you want to buy? There are so many coins out there, though i usually recommend that as a beginner, one should buy BTC. You can buy BTC either in a centralized exchange or a p2p exchange, however, once you buy BTC, you should move it into your self custodial wallet, that is where you should store your coins.
-
To be honest, I'm already thinking about investing in cryptocurrency myself and using one of the exchangers \
What cryptocurrency do you want to buy? There are so many coins out there, though i usually recommend that as a beginner, one should buy BTC. You can buy BTC either in a centralized exchange or a p2p exchange, however, once you buy BTC, you should move it into your self custodial wallet, that is where you should store your coins.
Entering the world of cryptocurrencies is an exciting process which should beginning with due attention paid to security and choice of the object. We could look also at less tangible forms of value, but commonly recognised assets like Bitcoin which is generally acknowledged as the root instrument of investment in the crypto milieu. For other exchanges and to make better sense of how transactions are conducted, such information is also useful in the initial stages. Selecting proper platform will serve to guarantee successful and secure interactions.
When you own the crypto assets, keep it into a personal wallet as part of precautionary measures against some external factors. Cold wallets means you are in full control of your funds therefore losing your assets through interferences by third parties is unlikely. As such, with proper management of the investment, the investors can feel more comfortable in going for other opportunities in the world of Cryptocurrencies.
-
To be honest, I'm already thinking about investing in cryptocurrency myself and using one of the exchangers \
What cryptocurrency do you want to buy? There are so many coins out there, though i usually recommend that as a beginner, one should buy BTC. You can buy BTC either in a centralized exchange or a p2p exchange, however, once you buy BTC, you should move it into your self custodial wallet, that is where you should store your coins.
Exactly, because most newbies only buy their bitcoin and leave it in an exchange without knowing the risk involved. If you leave your bitcoin in an exchange, there's a 50-50 chance of you losing your bitcoin especially, when the exchange get hacked or pulls an exit scam.
-
Exactly, because most newbies only buy their bitcoin and leave it in an exchange without knowing the risk involved. If you leave your bitcoin in an exchange, there's a 50-50 chance of you losing your bitcoin especially, when the exchange get hacked or pulls an exit scam.
It is not recommended to store Bitcoin on an exchange, and it is very risky in the event of a hack.
But now some of the top exchanges have put collateral on their coins in case of a hack,
so holders in CEXs don't have to worry about their money, it will still be in your wallet.
Exchange security in the past was very bad with hacks that occurred and even stopped operating after being hacked because it was bankrupt
-
Exactly, because most newbies only buy their bitcoin and leave it in an exchange without knowing the risk involved. If you leave your bitcoin in an exchange, there's a 50-50 chance of you losing your bitcoin especially, when the exchange get hacked or pulls an exit scam.
It is not recommended to store Bitcoin on an exchange, and it is very risky in the event of a hack.
But now some of the top exchanges have put collateral on their coins in case of a hack,
so holders in CEXs don't have to worry about their money, it will still be in your wallet.
Exchange security in the past was very bad with hacks that occurred and even stopped operating after being hacked because it was bankrupt
Yeah Exchanges are now very careful and care taking of users assets or token so they have provided a very strong and stable security with better protection for assets against hackers and frauds. So a lot of Top exchanges are now secure and fully protected from hackers with the new security measures and updates that have been implemented. But still we have to be very vigilant and caution of some exchanges we use as our store keepers.
-
Trust most of your luck, the rest use your brain to gather important information about the related project... early adopters always have a greater risk, but the potential profit is also large if they succeed in making accurate decisions..
The point is, don't be reckless in investing in new projects, because we know that there are so many new projects emerging lately, and our vision is not perfect enough to predict all the new projects that exist.
Just to add on what you said, it would be better if investors who are investing into new projects will put their expectations to its lowest point. It would be better if they would consider their money that they invested as "lost money" because as an investor who mainly focuses on investing into top coins, the risk of investing into new projects are its highest because anytime, they can just rug pull you and run away alongside the money from different investors.
Being reckless is only for those that are considering it as gambling already because investing into new projects right now for me is considered gambling already in a sense that you don't know if you will win big (profits) or lose it all (loss through rug pull or scam project). Whatever the case is, if you're thinking of investing into new projects, consider investing money that you can lose if things go south. :)
-
...most newbies only buy their bitcoin and leave it in an exchange without knowing the risk involved. If you leave your bitcoin in an exchange, there's a 50-50 chance of you losing your bitcoin especially, when the exchange get hacked or pulls an exit scam.
This is something that people who are new to cryptocurrency must learn fast...leaving your digital assets in exchanges can indeed be so risky especially CEX exchanges as they are centralized and in case the exchange can be hacked (and we know that hacking are getting so sophisticated and successful these days) one can lose everything. Today, it would be so easy to download a non-custodial wallet which one can use to store his holdings so there is no more excuse not to do it. Education and learning from the experiences (good and bad) are required if one is planning to be successful in crypto investing...no ifs no buts.
-
Entering the world of cryptocurrencies is an exciting process which should beginning with due attention paid to security and choice of the object.
Object? Seriously? I want to believe you mean wallet, yeah, it is important to choose an open source and self custodial wallet to store your BTC. So many newbies start off by using an exchange wallet, that is too risky, an exchange can collapse at anytime, or they could get hacked, either way you may lose your funds if you have it in their platform.
-
Yeah Exchanges are now very careful and care taking of users assets or token so they have provided a very strong and stable security with better protection for assets against hackers and frauds. So a lot of Top exchanges are now secure and fully protected from hackers with the new security measures and updates that have been implemented. But still we have to be very vigilant and caution of some exchanges we use as our store keepers.
Even though exchanges are very powerful, hackers can enter our exchanges at times due to their own mistakes. So we always have to be careful and always use exchanges that are more secure. There are many exchanges that do not have very good security, we should try to stay away from them. If we use those that seem safe, our money will always be safe. We face big problems at times due to our own mistakes, so I think we should always be careful to solve these problems.
-
Even though exchanges are very powerful, hackers can enter our exchanges at times due to their own mistakes. So we always have to be careful and always use exchanges that are more secure.
No exchange is safe to store your funds, even the reputable exchanges can experience breaches and you can lose your funds through that, take ftx for example. Exchanges are for trading, and self custodial wallets are to store your coins, that is the way it should be.
-
-snip-
So a lot of Top exchanges are now secure and fully protected from hackers with the new security measures and updates that have been implemented. But still we have to be very vigilant and caution of some exchanges we use as our store keepers.
yes, stay cautious and really choose the best exchange to use as a trading venue and again not for the storage of the assets you own. The best asset storage remains our personal wallet or hardware wallet that has double security from hacking.
And see how the rules implemented by the exchange regarding the security of users assets so that we know what to do when a hack occurs and not lose our money.
-
Even though exchanges are very powerful, hackers can enter our exchanges at times due to their own mistakes. So we always have to be careful and always use exchanges that are more secure.
No exchange is safe to store your funds, even the reputable exchanges can experience breaches and you can lose your funds through that, take ftx for example. Exchanges are for trading, and self custodial wallets are to store your coins, that is the way it should be.
Yeah we know no exchange are safe but the most reputable exchanges reduces the risk of bridging and they are much more secure than some other exchanges which are not much known in the cryptocurrency world. The reputable exchanges will ensure your assets are in good condition to avoid any implications against them or there teams so it less risky than some normal exchanges so take note and store or trade your assets with most popular exchanges.
-
Yeah we know no exchange are safe but the most reputable exchanges reduces the risk of bridging and they are much more secure than some other exchanges which are not much known in the cryptocurrency world. The reputable exchanges will ensure your assets are in good condition to avoid any implications against them or there teams so it less risky than some normal exchanges so take note and store or trade your assets with most popular exchanges.
Not all exchange are secure for holding or saving cryptocurrency assets, we faced bad experienced with top exchange market such as FTX have been collapse and not refund yet the user fund.
Usually if any exchange want to close operation will give time around several months later for user withdrawing their fund before permanently close like Hotbit exchange.
Have many exchange have been close permanently and investing in cryptocurrency need to put our assets at secure place, don't hold at not good reputation exchange market exactly for every one have priority as long term holder.
-
Yeah we know no exchange are safe but the most reputable exchanges reduces the risk of bridging and they are much more secure than some other exchanges which are not much known in the cryptocurrency world. The reputable exchanges will ensure your assets are in good condition to avoid any implications against them or there teams so it less risky than some normal exchanges so take note and store or trade your assets with most popular exchanges.
Not all exchange are secure for holding or saving cryptocurrency assets, we faced bad experienced with top exchange market such as FTX have been collapse and not refund yet the user fund.
Usually if any exchange want to close operation will give time around several months later for user withdrawing their fund before permanently close like Hotbit exchange.
Have many exchange have been close permanently and investing in cryptocurrency need to put our assets at secure place, don't hold at not good reputation exchange market exactly for every one have priority as long term holder.
Exchange is not really a place for holding cryptos, it's for trading purposes only and who doesn't intend to trade crypto in near future should move all their holding to a wallet like non custodial wallet where you will have the control of private keys.
What you're saying is true, exchange might give notice period which is subjected to every exchange can be a month or few months. And also they might notify the users via email to withdraw. Which is not the main concern, the hacks on exchange will be instant and we never know they are prepared to cover the loss if it happens.
-
Exactly, because most newbies only buy their bitcoin and leave it in an exchange without knowing the risk involved. If you leave your bitcoin in an exchange, there's a 50-50 chance of you losing your bitcoin especially, when the exchange get hacked or pulls an exit scam.
I believe this is mostly because most newbies who come into the industry are mostly concerned with the profitability aspects of the industry, thereby undermining the security and privacy aspects, which of course happens to be one of the most important aspect of crypto investment, because regardless of how much profits you’ve made in your investment over the years, if the safety and security of one’s asset and investment isn’t guaranteed, then he’s still very much at he risk of losing everything one day.
I believe it’s only ignorance that will make an investor choose centralized storage over self Custody or decentralized storage options. Because those who really understand the meaning of privacy and security would rather choose to store their assets in decentralized wallet or exchange rather putting their assets in harms way all in the name HODLing.
-
Even though exchanges are very powerful, hackers can enter our exchanges at times due to their own mistakes. So we always have to be careful and always use exchanges that are more secure.
No exchange is safe to store your funds, even the reputable exchanges can experience breaches and you can lose your funds through that, take ftx for example. Exchanges are for trading, and self custodial wallets are to store your coins, that is the way it should be.
There is no guarantee that any exchange, no matter how big, can be safe with the deposits we have there. Although some exchanges have provided information that they also provide a guarantee by contributing that they have "insurance protection", but what kind of mechanism is certainly still confused if it has happened, even though using the existing wallet is not necessarily safe because of the individual nature that can be wrong, but it would be better than putting it on the exchange.
-
Believe me, that the rich people in this world are not far from the word investment ... it is true, some new people do not have good vision about the potential of the investment they make, but at least rather than not trying once in a lifetime, it is better for you to try it even with a small amount ... when you feel the benefits and know the potential and opportunities, it will attract you until you are happy to learn about investment and the importance of investment for your life ... my advice is, try ... because rich people do that too..
Even if you do not have much money to invest, then at least you can take small steps to start investing, such as learning about it or spending a little money for that purpose to try it..
-
Yeah we know no exchange are safe but the most reputable exchanges reduces the risk of bridging and they are much more secure than some other exchanges which are not much known in the cryptocurrency world. The reputable exchanges will ensure your assets are in good condition to avoid any implications against them or there teams so it less risky than some normal exchanges so take note and store or trade your assets with most popular exchanges.
Not all exchange are secure for holding or saving cryptocurrency assets, we faced bad experienced with top exchange market such as FTX have been collapse and not refund yet the user fund.
Everyone is not secure, maybe there are exchanges that hasn't been breached, but it doesn't mean that they are secure. Maybe the hackers hasn't find a exploit yet on those exchanges.
Usually if any exchange want to close operation will give time around several months later for user withdrawing their fund before permanently close like Hotbit exchange.
Have many exchange have been close permanently and investing in cryptocurrency need to put our assets at secure place, don't hold at not good reputation exchange market exactly for every one have priority as long term holder.
Just put a little on exchange for trading that's it. Don't keep like thousands of dollars as we really don't know what's going to happen. They can be hacked or suddenly pull a exit scam or just collapsed. There are so many factors to weigh-in and it's really a good practice to have our assets on a wallet that we have total control of.
-
Believe me, that the rich people in this world are not far from the word investment ... it is true, some new people do not have good vision about the potential of the investment they make, but at least rather than not trying once in a lifetime, it is better for you to try it even with a small amount ... when you feel the benefits and know the potential and opportunities, it will attract you until you are happy to learn about investment and the importance of investment for your life ... my advice is, try ... because rich people do that too..
Even if you do not have much money to invest, then at least you can take small steps to start investing, such as learning about it or spending a little money for that purpose to try it..
People that aren't investing on anything don't have any chances of becoming rich. That's a fact.
You already said that rich people are always investing, and that's true. From investing in real estate, to business, to the stock market and other asset classes out there. Rich people are investing so they can make more money. Average people invest into things that things that will not make them money that's why they stay average. Poor people spend on things that they don't need that's why they remain poor.
Whatever the case is, whether you have low or high income, always, always put a portion of your salary towards investing into whatever type of investment you know and you're knowledgeable about it. Investing small amounts of money is always better than not investing at all.
-
Even if you do not have much money to invest, then at least you can take small steps to start investing, such as learning about it or spending a little money for that purpose to try it..
Dca is a good strategy for people who do not have money and cannot buy a large amount of coins at once, they can buy small bits at different intervals. However, diversification is also important in investment, i.e. after buying BTC, you can buy real estate, or you buy silver, etc.
-
Dca is a good strategy for people who do not have money and cannot buy a large amount of coins at once, they can buy small bits at different intervals. However, diversification is also important in investment, i.e. after buying BTC, you can buy real estate, or you buy silver, etc.
Inasmuch as I believe that diversification is a commendable option, I also have reasons to doubt that it’s in fact an option for a newbie investor who have just began his Bitcoin accumulation journey (either with the DCA of any other Strategy that aligns with his personal financial goals). This is because, Bitcoin accumulation is a long term journey that requires significant amount of attention and dedication, thus thinking about diversification in the early stages of their accumulation may serve as a distraction, especially for those who do not earn very much. At this point, their portfolio isn’t very solid yet, thus still requires the investor’s 100% attention to grow and solidify.
And when their portfolio may have attained a significant growth rate or level in the long term, then they may think about diversification.
-
This is because, Bitcoin accumulation is a long term journey that requires significant amount of attention and dedication,
I understand a little of what you are saying, but 'attention' and 'dedication'? Just to buy and store BTC, i do not think so, it is easy to buy and hold BTC, it is not rocket science or any of that stuff. It is always important to talk to people about diversification, even if they are just starting out their journey in buying assets.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Investing nothing but your spare money. Don't think of investing more than you can afford to lose all because someone told you that you can earn a lot from crypto investment. When you have such a mentality, you may end up being disappointed because you weren't informed about the market requiring someone to be patient enough than have a get-rich scheme kinda mindset of being rich in the short term instead of long term
-
People that aren't investing on anything don't have any chances of becoming rich. That's a fact.
You already said that rich people are always investing, and that's true. From investing in real estate, to business, to the stock market and other asset classes out there. Rich people are investing so they can make more money. Average people invest into things that things that will not make them money that's why they stay average. Poor people spend on things that they don't need that's why they remain poor.
Because from that investment, they also get passive income, apart from the various businesses or businesses that they run. Rich people like investment, very much, investment in property, in gold, in stocks. and now, there are those who have started to dare to start investing in Bitcoin, although this is not easy, but there are those who are starting to be interested and take advantage of the profit opportunities in Bitcoin. Because that's how important investment is, and this is actually what everyone can emulate, this mindset, the mindset to save more money for the future, by investing it.
-
I understand a little of what you are saying, but 'attention' and 'dedication'? Just to buy and store BTC, i do not think so, it is easy to buy and hold BTC, it is not rocket science or any of that stuff. It is always important to talk to people about diversification, even if they are just starting out their journey in buying assets.
Trust me when I tell you that HODLing may sometimes seem like rocket science. Yes buying and storing Bitcoin is very easy, and so is selling off your assets when you see a downturn in the market, or do you believe that long term HODLing is just about buying and holding? Or you think the persistence and ability to overlook temporary fluctuations in the market is something that just naturally comes to a newbie when they start their accumulation journey? There are several obstacles when you start HODLing as a newbie and if you’re not focused, you end up making a terrible mistake that could make your funds vanish is seconds or make you lose a large chunk of your portfolio, then you’ll know that it’s rocket science mate.
-
Even if you do not have much money to invest, then at least you can take small steps to start investing, such as learning about it or spending a little money for that purpose to try it..
Dca is a good strategy for people who do not have money and cannot buy a large amount of coins at once, they can buy small bits at different intervals. However, diversification is also important in investment, i.e. after buying BTC, you can buy real estate, or you buy silver, etc.
Yes, it is a very good idea to start investing gradually. The journey of a mile starts with just one step. Some times what we want to start with, that is, some of us capital is very small but we can start with that small amounts and watch it grow.
You see, Rome was not built in day, as they say, so the earlier will begin with the little we have, the better our return in the future.
In addition, adding to our portfolio with other forms of investments options, Like commodity, Real estate, etc is also a brilliant ideas.
-
There are several obstacles when you start HODLing as a newbie and if you’re not focused, you end up making a terrible mistake that could make your funds vanish is seconds or make you lose a large chunk of your portfolio, then you’ll know that it’s rocket science mate.
Lol Lack of knowledge and experience will lead to this. Many newbies who are always in rush for profit always end up this way and also many investors which lack patience and knowledge about what he/she is investing in. A lot of new investors do make this mistakes before taking the rightful part cause they always rush and try to move things fast with perfect knowledge or seeking help fe experienced and long term successful investors. Things could just rockets science, lol as Dr.Bitcoin_ strange said.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Investing in crypto currency can be simple but challenging. As a newbie, you must first take out time to read on some major things; like educating yourself primarily on cryptocurrency first, then moving into storage system (wallets), exchanges etc. Having gotten some of these basic knowledge, you can start seeking on which coin to invest in.
The crypto market is a volatile market filled with lots of currencies that can make you millionaire over night or cripple your investment swiftly. It is being advised that when investing in any crypto currency, Bitcoin is a major coin in the crypto market, that has potentials of generating profit, while going into alternative coins (altcoins) you take your choice from the very top tier. This is because they have stand the test of time and are worthy of acceptation for investors.
At the conclusion of taking the investment step, all new investors are always being told to invest that which they can afford to lose, in other not to face some financial trauma and emotional breakdown. Being on the safe side for a newbie is better, with time you'll get used to the entire system and how the industry works.
-
When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest. But if we want to invest how to do it??
Investing in crypto currency can be simple but challenging. As a newbie, you must first take out time to read on some major things; like educating yourself primarily on cryptocurrency first, then moving into storage system (wallets), exchanges etc. Having gotten some of these basic knowledge, you can start seeking on which coin to invest in. /
exactly, investing in cryptocurrency is challenging. That's why we often hear that investing in cryptocurrency will always have risks. and how high or bad the risk is depends on how we prepare ourselves to invest in the coin we choose, as well as several other determining factors.
Because however, there are several things that we have to consider before investing, both in terms of capital, preparation of knowledge and insight, ability to analyze coins or markets, as well as our ability to be able to choose coins that are suitable for us to invest in and have high potential to rise in the future. And all of this also requires preparation from ourselves, including mental and strategic readiness. and don't forget to prepare yourself with good risk management to minimize existing risks.
And yes, investment security is also very important. That's why we must be able to choose what wallet or exchange we use when investing. It's not about the number of coins but what coins are really worth it and have the potential for us to invest. and of course the top coin is our hope.
-
Lol Lack of knowledge and experience will lead to this. Many newbies who are always in rush for profit always end up this way and also many investors which lack patience and knowledge about what he/she is investing in. A lot of new investors do make this mistakes before taking the rightful part cause they always rush and try to move things fast with perfect knowledge or seeking help fe experienced and long term successful investors. Things could just rockets science, lol as Dr.Bitcoin_ strange said.
Well, looking at it from a different angle, it’s really not a big deal for newbies to make certain mistakes in the crypto space, since they’re are still relatively new to the space, and that’s why newbies must prioritize seeking after knowledge about the field, because that’s the only way they can at least guard themselves from constantly making such mistakes in the space. Equipping themselves with the right knowledge helps investors make better investment choices that’ll also help them protect their assets.
-
Lol Lack of knowledge and experience will lead to this. Many newbies who are always in rush for profit always end up this way and also many investors which lack patience and knowledge about what he/she is investing in. A lot of new investors do make this mistakes before taking the rightful part cause they always rush and try to move things fast with perfect knowledge or seeking help fe experienced and long term successful investors. Things could just rockets science, lol as Dr.Bitcoin_ strange said.
Well, looking at it from a different angle, it’s really not a big deal for newbies to make certain mistakes in the crypto space, since they’re are still relatively new to the space, and that’s why newbies must prioritize seeking after knowledge about the field, because that’s the only way they can at least guard themselves from constantly making such mistakes in the space. Equipping themselves with the right knowledge helps investors make better investment choices that’ll also help them protect their assets.
In my opinion, it is better to try directly by trying with the smallest amount and if there is a mistake that occurs, we can find out why we were wrong and not do it for the umpteenth time with the next attempt. But to want to learn first, so that you can know the basics is also, very good if you want to start, it all depends on the individual's readiness for which one to use because I think all of them are equally good.
Indeed, if you make mistakes continuously, it is certainly not good for yourself because it can make you frustrated.
-
Lol Lack of knowledge and experience will lead to this. Many newbies who are always in rush for profit always end up this way and also many investors which lack patience and knowledge about what he/she is investing in. A lot of new investors do make this mistakes before taking the rightful part cause they always rush and try to move things fast with perfect knowledge or seeking help fe experienced and long term successful investors. Things could just rockets science, lol as Dr.Bitcoin_ strange said.
Well, looking at it from a different angle, it’s really not a big deal for newbies to make certain mistakes in the crypto space, since they’re are still relatively new to the space, and that’s why newbies must prioritize seeking after knowledge about the field, because that’s the only way they can at least guard themselves from constantly making such mistakes in the space. Equipping themselves with the right knowledge helps investors make better investment choices that’ll also help them protect their assets.
In my opinion, it is better to try directly by trying with the smallest amount and if there is a mistake that occurs, we can find out why we were wrong and not do it for the umpteenth time with the next attempt. But to want to learn first, so that you can know the basics is also, very good if you want to start, it all depends on the individual's readiness for which one to use because I think all of them are equally good.
Indeed, if you make mistakes continuously, it is certainly not good for yourself because it can make you frustrated.
Trying with little value will definitely reduce your chances of risk and loss and having a perfect and reliable source of knowledge will help you a lot and ease your chances of success. But you having a better understanding and knowledge about what you are doing will ease task for you and help in getting better results than a person without any basics or knowledge. But for a start a little amount will be advisable to reduce the loss and increase experience and improve understanding.
-
Lol Lack of knowledge and experience will lead to this. Many newbies who are always in rush for profit always end up this way and also many investors which lack patience and knowledge about what he/she is investing in. A lot of new investors do make this mistakes before taking the rightful part cause they always rush and try to move things fast with perfect knowledge or seeking help fe experienced and long term successful investors. Things could just rockets science, lol as Dr.Bitcoin_ strange said.
Well, looking at it from a different angle, it’s really not a big deal for newbies to make certain mistakes in the crypto space, since they’re are still relatively new to the space, and that’s why newbies must prioritize seeking after knowledge about the field, because that’s the only way they can at least guard themselves from constantly making such mistakes in the space. Equipping themselves with the right knowledge helps investors make better investment choices that’ll also help them protect their assets.
In my opinion, it is better to try directly by trying with the smallest amount and if there is a mistake that occurs, we can find out why we were wrong and not do it for the umpteenth time with the next attempt. But to want to learn first, so that you can know the basics is also, very good if you want to start, it all depends on the individual's readiness for which one to use because I think all of them are equally good.
Indeed, if you make mistakes continuously, it is certainly not good for yourself because it can make you frustrated.
Trying with little value will definitely reduce your chances of risk and loss and having a perfect and reliable source of knowledge will help you a lot and ease your chances of success. But you having a better understanding and knowledge about what you are doing will ease task for you and help in getting better results than a person without any basics or knowledge. But for a start a little amount will be advisable to reduce the loss and increase experience and improve understanding.
It is better to start directly or by studying the theory first. In my opinion, it is better to start directly while studying the weaknesses that occur and understand the theory if we can get it. Indeed, not using a large value first short gradually from a, small beginning and if you understand, then increase, it is a good thing in my opinion. But again it all depends on the individual because understanding can be different and trying to adjust to the abilities that we may be able to do,
-
It is better to start directly or by studying the theory first. In my opinion, it is better to start directly while studying the weaknesses that occur and understand the theory if we can get it. Indeed, not using a large value first short gradually from a, small beginning and if you understand, then increase, it is a good thing in my opinion. But again it all depends on the individual because understanding can be different and trying to adjust to the abilities that we may be able to do,
I totally agree with you!
Learning is a gradual and continuous process, so if one is waiting to learn every single thing concerning something, whether investment, business or career related stuffs, before getting started, then he might as well just wait for like forever. Having basic knowledge is enough to get started, and then when you’ve started, you can gradually advance in knowledge through experience.
-
It is better to start directly or by studying the theory first. In my opinion, it is better to start directly while studying the weaknesses that occur and understand the theory if we can get it. Indeed, not using a large value first short gradually from a, small beginning and if you understand, then increase, it is a good thing in my opinion. But again it all depends on the individual because understanding can be different and trying to adjust to the abilities that we may be able to do,
I totally agree with you!
Learning is a gradual and continuous process, so if one is waiting to learn every single thing concerning something, whether investment, business or career related stuffs, before getting started, then he might as well just wait for like forever. Having basic knowledge is enough to get started, and then when you’ve started, you can gradually advance in knowledge through experience.
Investment is one of the best profitable source in cryptocurrency market. I think that it will be best earning way in future. But if we follow in cryptocurrency market, we can see that cryptocurrency market always depending on up and down. So in this time, we should understand in cryptocurrency market. Because if we want to invest in any crypto, then we must understand in cryptocurrency market position. Because we know that down market is very prefer for investment. So at first we should trying to invest in less profit. Because gradually we can understand in cryptocurrency market, then we can invest huge profit in cryptocurrency market.
-
Investment is one of the best profitable source in cryptocurrency market. I think that it will be best earning way in future. But if we follow in cryptocurrency market, we can see that cryptocurrency market always depending on up and down. So in this time, we should understand in cryptocurrency market. Because if we want to invest in any crypto, then we must understand in cryptocurrency market position. Because we know that down market is very prefer for investment. So at first we should trying to invest in less profit. Because gradually we can understand in cryptocurrency market, then we can invest huge profit in cryptocurrency market.
Your advice to start with a small and low profit investment is quite commendable, especially for the newbies. By so doing, one may be able to gain experience and make all the necessary adjustments in their strategy to make sure it suites their investment goals without actually risking too much, plus you get to build some level of confidence in your strategy before levelling up.
-
Even though exchanges are very powerful, hackers can enter our exchanges at times due to their own mistakes. So we always have to be careful and always use exchanges that are more secure. There are many exchanges that do not have very good security, we should try to stay away from them. If we use those that seem safe, our money will always be safe. We face big problems at times due to our own mistakes, so I think we should always be careful to solve these problems.
They pose significant security risks by pooling crypto assets from all users and exchanges become lucrative targets for hackers. As far as i know, binance was the victim of a $40 million hack in 2019 so highlighting the vulnerability of centralized exchanges. When using an exchange for trading, limit the funds of you hold there to what you need for your business. If you want to store large funds for a long time then definitely use hardware wallet. Hardware wallets are the pinnacle of security. They protect your private keys within the physical device so preventing their exposure.
-
Your advice to start with a small and low profit investment is quite commendable, especially for the newbies. By so doing, one may be able to gain experience and make all the necessary adjustments in their strategy to make sure it suites their investment goals without actually risking too much, plus you get to build some level of confidence in your strategy before levelling up.
I think that this advice is not only for a person that has small capital, it span to any person that doesn't understand how crypto work, this will help you minimize the risk of loss. Something like DCA where you buy small amount at different prices until your capital is all bought or you continue to buy as you have more money in the future, you will see that even if the market dip your loss is going to be minimal.
For example, the market has dip within yesterday and today. We have loss like $10 within this week and I'm sure there is one person that has bought Bitcoin at $100k planing to hold if for long while another person has bought here and hoping it goes down more so they can continue to buy more, that's the advantage of DCA
-
I think that this advice is not only for a person that has small capital, it span to any person that doesn't understand how crypto work, this will help you minimize the risk of loss. Something like DCA where you buy small amount at different prices until your capital is all bought or you continue to buy as you have more money in the future, you will see that even if the market dip your loss is going to be minimal.
For example, the market has dip within yesterday and today. We have loss like $10 within this week and I'm sure there is one person that has bought Bitcoin at $100k planing to hold if for long while another person has bought here and hoping it goes down more so they can continue to buy more, that's the advantage of DCA
You’re absolutely right, those who are relatively new to the world of investment and are still struggling to understand the ins and outs but can’t wait anymore but wish to start can also employ this strategy as it will really help them mitigate the risk of losing money unnecessarily due to ignorance. And yeah, the DCA also has proven to be quite an effective strategy that not only newbies can benefit from but also every other persons in the crypto space that wish to invest for the long term and ride out short term fluctuations and volatility.