Altcoins Talks - Cryptocurrency Forum
Local => Nigerian Languages => Topic started by: Pablo-wood on January 15, 2025, 11:53:15 PM
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In a world where digital assets are becoming legal tenders and store of value where each of this assets has sets of programmed rules that govern how it is been exchanged, stored and mined.
How do you come up with your decision and what are your approaches if those decisions fail. You all know as far as investment is concerned it is a two way process it is either you make profit or you loss. So when the candle goes bearish or the project fails what are your next move or moves.
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Every investor understands that his investment may not yield the desired results, but the fact that one must invest to prepare for rainy days is one of the reasons I invest. My investment decisions are always motivated by the desire to make a profit and have a backup source of income.
When I invest, I activate my patience game because I know that any good investment will not yield a return immediately but will take time to develop and produce results. Investment is similar to planting; when we plant, we do not expect to harvest right away, so it is when we invest. When we invest, we allow the investment to mature before seeking profit.
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In a world where digital assets are becoming legal tenders and store of value where each of this assets has sets of programmed rules that govern how it is been exchanged, stored and mined.
How do you come up with your decision and what are your approaches if those decisions fail. You all know as far as investment is concerned it is a two way process it is either you make profit or you loss. So when the candle goes bearish or the project fails what are your next move or moves.
if those decissions failed,you will have to change your financial goals,time horizon for investment and apply risk tolerance.
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Only invest with an amount of money that you can afford to lose on crypto so that if those decisions fail you, you can carry on with your life as if nothing happened. This is why you need to diversify your bitcoin investment when you have acquired more than enough to a physical asset or business.
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That is why is always advisable to invest your disposable income so that if the investment didn't go as u plan them you can be able to withstand it, but a situation were by you use money that is meant for your basic needs then you definitely going to feel it. Volatility is one the characteristics of crypto currency, so risk is involve in crypto investments and we should invest only our discretionary income
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In a world where digital assets are becoming legal tenders and store of value where each of this assets has sets of programmed rules that govern how it is been exchanged, stored and mined.
How do you come up with your decision and what are your approaches if those decisions fail. You all know as far as investment is concerned it is a two way process it is either you make profit or you loss. So when the candle goes bearish or the project fails what are your next move or moves.
if those decissions failed,you will have to change your financial goals,time horizon for investment and apply risk tolerance.
As a professional investor, even with a proven track record, you can't always make the right decisions. Occasionally, you may make the wrong choices. In such situations, your motivation may wane, and emotions can take over. To navigate these challenges, it's essential to maintain confidence and manage your emotions. Overcoming difficulties requires applying risk tolerance, a crucial aspect of investment decision making.
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How do you come up with your decision and what are your approaches if those decisions fail. You all know as far as investment is concerned it is a two way process it is either you make profit or you loss. So when the candle goes bearish or the project fails what are your next move or moves.
After a failed investment, your next move should not be to run away from investing or avoid it totally, but to find out why you failed in your first investment and the changes you can make to ensure that the next investment that you're getting into is a success. If you discover that in your first investment you failed because you did not do enough research, your next investment should be a new opportunity for you to be very exhaustive in your research to ensure that you do not make the wrong investment a second time.
A series of failed investments may discourage an investor from continuing with investing, so as an investor, you should try as much as possible to ensure that you are not that investor that has experienced a series of failed investments.
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As an investor, the major purpose of investing is to have what can be called a backup plan when life situations happen. As an investor, you'll need to have a side hustle to keep life moving, as what is invested is not for immediate use.
For me, I run a business, which is not sufficiently taking care of my daily necessities, but yet invest all my crypto earnings mostly in Bitcoin as a safer coin for good profit returns in every bullish trend and hold some altcoins that could be profitable in the long run. These altcoins are the ones I fear to experience losses, and even though losses comes, I don't let it eat me down, rather I sell some fractions of my Bitcoin to get other altcoins.
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As an investor, the major purpose of investing is to have what can be called a backup plan when life situations happen. As an investor, you'll need to have a side hustle to keep life moving, as what is invested is not for immediate use.
For me, I run a business, which is not sufficiently taking care of my daily necessities, but yet invest all my crypto earnings mostly in Bitcoin as a safer coin for good profit returns in every bullish trend and hold some altcoins that could be profitable in the long run.
Well Stuart you actually do have a point. However I don't fully agree with the concept of all investments being a way to earn money over time and that is basically because of the existence of both long term and short term investments. Now take meme coins for example, they can actually be seen as a form of investment too if you eventually buy and Hodl but the problem is how long can you Hodl it. ???
That's basically where the major difference between bitcoin and altcoins come to play in fact that's actually where bitcoin beats altcoins as a form of crypto investment.
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most investment decisions are aimed to make profit, so if you decide to buy BTC while its price dip you certainly are looking forward to gain when the price starts climbing again.
if you choose an altcoin then you would likely be watching its development and prices. if all goes south, youd be able to decide to sell before it goes zero. save your funds from turning zilch.
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most investment decisions are aimed to make profit, so if you decide to buy BTC while its price dip you certainly are looking forward to gain when the price starts climbing again.
You are right. Infact I think I'll definitely go with all and not just some because basically no one wants to lose so no one will knowingly invest in a lost cause that's basically why people try as much as possible to formulate and apply strategies of different kinds just to ensure that they maximise their profits and reduce the frequency of their losses as much as possible.
The problem with investing in something like meme coins come from how to target continuations and reversals. Some people can't be really differentiate short term investments properly hence their losses.
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most investment decisions are aimed to make profit, so if you decide to buy BTC while its price dip you certainly are looking forward to gain when the price starts climbing again.
You are right. Infact I think I'll definitely go with all and not just some because basically no one wants to lose so no one will knowingly invest in a lost cause that's basically why people try as much as possible to formulate and apply strategies of different kinds just to ensure that they maximise their profits and reduce the frequency of their losses as much as possible.
The problem with investing in something like meme coins come from how to target continuations and reversals. Some people can't be really differentiate short term investments properly hence their losses.
If you want to be successful as a long-term hodler, avoid meme coins and stick to only bitcoin, because the risk investing in bitcoin and hodli is limited as long as you holdi for more than a circle. Profits is always what is in the mind of all investors but your profits will come based on how long you can hodli and the size of your bitcoin portfolio.
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In a world where digital assets are becoming legal tenders and store of value where each of this assets has sets of programmed rules that govern how it is been exchanged, stored and mined.
How do you come up with your decision and what are your approaches if those decisions fail. You all know as far as investment is concerned it is a two way process it is either you make profit or you loss. So when the candle goes bearish or the project fails what are your next move or moves.
For anyone that is truly knowledgeable about making investment, such will know and understand that if we don't take risk, we cant make profits, nothing in life comes in that easy, there must be a price to pay for it in other to make it an achievable success, our investment decision could be determined with the understanding we have about the need to why we should invest, the risk we can afford to take over the investment and the source of the fun used as well as the duration we are going for over the investment decision altogether.
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For anyone that is truly knowledgeable about making investment, such will know and understand that if we don't take risk, we cant make profits, nothing in life comes in that easy, there must be a price to pay for it in other to make it an achievable success, our investment decision could be determined with the understanding we have about the need to why we should invest, the risk we can afford to take over the investment and the source of the fun used as well as the duration we are going for over the investment decision altogether.
All investments involve risk, but it is unwise for an investor to enter into an investment in which he lacks expertise. When an investor has more knowledge about an investment, he can better predict the future of the investment from the moment he starts it, whereas when there is no knowledge about the investment, the risk is higher because the investor will face difficulties in looking out for his investment.
Some investors make the mistake of venturing into an investment simply because someone they know is making money from it, and all they know is that such an investment is profitable without a proper understanding of the likely challenges, so when they try to replicate such an investment and face those challenges, it becomes difficult to face the challenge, and the investment suffers.
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If you want to be successful as a long-term hodler, avoid meme coins and stick to only bitcoin, because the risk investing in bitcoin and hodli is limited as long as you holdi for more than a circle. Profits is always what is in the mind of all investors but your profits will come based on how long you can hodli and the size of your bitcoin portfolio.
Both bitcoin and regular altcoins can be viewed as form of investments but the difference is duration involved when working with either of them. Bitcoin has a longer duration as a form of crypto investment and infact it is the most successful crypto with the best fit for an investment in the whole crypto space.
The problem with meme coins is that you need to have solid understanding of market dynamics and how pump and pump schemes work else you have a very high chance of losing your money on like bitcoin where it's a safer and easier form of investment.