What is the best way to invest in cryptocurrency?

[pieppiep]

Hype only attract newbies and not old knowledged cryptocurrency investor, for the fact that, their spread the shit about they project to our face doesn't mean we are going to buy into those projects, and since we already know the potential outcome of many of those so called memecoin that is why we sometimes kick against them out rightly from the very start...

To be honest there are some "oldies" investors who still try this "hype" based coins, as they can really gain much even in a shorter time but they are also so very wary since this kind of coins have the possibilities to lose value over night, so being careful and being attentive is one of the ways to avoid lossing much and just gains.

Some investors still believe in the opportunity to buy at a low price and hope that the price will go up again someday. But tokens or coins that have been around for a long time, no one knows when they will go up again. Courage and patience are the main keys for those who dare to buy old coins. If we have limited capital, it is better to buy coins that have a smaller risk, such as bitcoin.

[BitMaxz]

To be honest there are some "oldies" investors who still try this "hype" based coins, as they can really gain much even in a shorter time but they are also so very wary since this kind of coins have the possibilities to lose value over night, so being careful and being attentive is one of the ways to avoid lossing much and just gains.

Hype coins are risky it's very volatile and it's hard to find which ones will exactly give you a huge profit or which ones are useless look at the Coinmarketcap and Coingeko most of the new coins after being listed on some exchanges its just dying. It's likely a churn-and-burn project they created it and later die once they successfully put the token or coin on centralized exchange with a value I'm sure what they hold they are the first on who will be sold their holdings but sometimes there are some projects become a success with lots of community like Pepe and Wif these two are just meme but look at the price how it increase in value.
The only way to find these potential coins/tokens is to become a risk taker who can invest in any new project so that you won't lose opportunity to any of these project once it would become the same as PEpe and WIF.

[Hatchy]

 

Hype coins are risky it's very volatile and it's hard to find which ones will exactly give you a huge profit or which ones are useless look at the Coinmarketcap and Coingeko most of the new coins after being listed on some exchanges its just dying. It's likely a churn-and-burn project they created it and later die once they successfully put the token or coin on centralized exchange with a value I'm sure what they hold they are the first on who will be sold their holdings but sometimes there are some projects become a success with lots of community like Pepe and Wif these two are just meme but look at the price how it increase in value.
The only way to find these potential coins/tokens is to become a risk taker who can invest in any new project so that you won't lose opportunity to any of these project once it would become the same as PEpe and WIF.

For so many reason I stoped investing ok these newly hyped coins or token. I still remember some months ago, when a friend of mine introduced me to some new token where he had actually!ade a couple of dollars. Yes it was exciting to see someone who understands these coins more than I did. So I told him to give me a hint on which to buy and watin for the pump. So he did and I decided to give it a try.i bought a small amount of the coin to test out and yes, I so the profits in less than 3 weeks, it pumped to about 57% and I was  amazed and so bought even more. Lol I guess that was when the nightmare had started. The coin kept dropping and dropping. I was still believing it would go up but it never did. Upon returning some months later, the coin had dumped a lot with its chart looking more like a candle consolidation. I just took what was left and since hane promis never to make such stupid decisions again.

[Themepen]

Hype coins are risky it's very volatile and it's hard to find which ones will exactly give you a huge profit or which ones are useless look at the Coinmarketcap and Coingeko most of the new coins after being listed on some exchanges its just dying. It's likely a churn-and-burn project they created it and later die once they successfully put the token or coin on centralized exchange with a value I'm sure what they hold they are the first on who will be sold their holdings but sometimes there are some projects become a success with lots of community like Pepe and Wif these two are just meme but look at the price how it increase in value.
The only way to find these potential coins/tokens is to become a risk taker who can invest in any new project so that you won't lose opportunity to any of these project once it would become the same as PEpe and WIF.

Agreed. Investing in popular coins can be very risky because their value can change quickly and unpredictably. Many new coins fail and lose value suggesting that their creators only wanted to make quick profit. By the way some coins like Pepe and WIF surprise everyone and become successful even though they started as jokes. To find coins that might be successful we need to be willing to take risks and try new things with keep in mind that we might lose money. Doing plenty of research and paying attention to how much people are interested in a project can help but there are no guarantees in unpredictable world of cryptocurrency.

[Wiwo]

Hype only attract newbies and not old knowledged cryptocurrency investor, for the fact that, their spread the shit about they project to our face doesn't mean we are going to buy into those projects,

It is undeniable that newbies are indeed the target of new projects that are made as hype as possible. Making a profit from newbies who are indeed very innocent and greedy to get rich quickly is a fairly easy way for scammers or developers of fake hype projects. Just spend a little money to make the project hype everywhere, take advantage of social media where all information can spread quickly. And in the end, it makes newbies interested because of the extraordinary sweet promise to get multiple profits from buying the project's coins. But unfortunately, often newbies enter the market when the coin is really hype and is at the peak of its price, so that when they enter because of the hype, in the end the price drops again and cannot recover again.

One thing for sure for me is that, in this whole year 2024 memecoin hype I have not paid attention to any of them, and even not to participate in their airdrops, alot of them where put in my phase by some of my  friends but I always tell them straight up that I am not interested.

But such rejection won't be coming from a newbie because at each point he may likely give in, and becoming a potential victims.

[armanda90]

Agreed. Investing in popular coins can be very risky because their value can change quickly and unpredictably. Many new coins fail and lose value suggesting that their creators only wanted to make quick profit. By the way some coins like Pepe and WIF surprise everyone and become successful even though they started as jokes. To find coins that might be successful we need to be willing to take risks and try new things with keep in mind that we might lose money. Doing plenty of research and paying attention to how much people are interested in a project can help but there are no guarantees in unpredictable world of cryptocurrency.

Pepe and WIF coins make us surprised after success break out to the higher price but recently both coins price exactly for WIF return back to lower price. Investing with coins more popular awhile only is very risky when dropping significant no way off return back again to higher price.
I think WIF could be good example or us from meme coins success break out higher price and finally the coins price dropping significant.
Best way investing in cryptocurrency have invest with top coins and have much transaction volume, get lower volume transaction difficult break to higher price.

[Dr.Bitcoin_Strange]

Cryptocurrency investment is a very risky one and if you are not careful you will lose all your money, and for me the best way to invest in cryptocurrency is accumulate and hold for a long term using the DCA strategy or lump sum strategy the most important thing is for you to accumulate and hold for a long term, using this strategy will prevent one from losing his or her money, however this strategy should be used in Bitcoin alone, if you use this strategy in new coins you may lose your money, but if you Accumulate and hold Bitcoin for a long term you won't regret it even if it falls in price it will still increase and is certain,

The strategy that makes people to lose money a lot is crypto trading but it is also profitable, I have a friend that is into crypto trading when he had the interest to start crypto trading he went and learn it from someone for some time when he was done he started trading but he was losing money he even wanted to give up but he continued so as time goes on he started gaining more experience and then he started making profit from it and now he gain more than he lose.

For me I will still maintain that accumulating and holding for a long term is the best strategy when it comes to cryptocurrency investment and one should hold unto Bitcoin because is more safe.

[Aanuoluwatofunmi]

The best way to invest in cryptocurrency is to first have the idea of what we are having interest on, this will help us in many ways to have a better experience when we might have invested because we are not going to be prone to making errors or mistakes in every steps we are taking, but when we are clueless of what is expected of us, failing will be inevitable by us at any cost.

[Rubel007]

Hype only attract newbies and not old knowledged cryptocurrency investor, for the fact that, their spread the shit about they project to our face doesn't mean we are going to buy into those projects, and since we already know the potential outcome of many of those so called memecoin that is why we sometimes kick against them out rightly from the very start...

To be honest there are some "oldies" investors who still try this "hype" based coins, as they can really gain much even in a shorter time but they are also so very wary since this kind of coins have the possibilities to lose value over night, so being careful and being attentive is one of the ways to avoid lossing much and just gains.

Some investors still believe in the opportunity to buy at a low price and hope that the price will go up again someday. But tokens or coins that have been around for a long time, no one knows when they will go up again. Courage and patience are the main keys for those who dare to buy old coins. If we have limited capital, it is better to buy coins that have a smaller risk, such as bitcoin.

As of now, no new or old coin is in such an upward trend, rather each coin has seen a massive drop in price. The market is now stable at one point but the trend is still bearish. When the market is bullish some coins will see a slight rise but there is no guarantee that it will go to the highest or ath level but we can almost be sure that the price of Bitcoin will rise. Maybe there might be a little bit more time needed but there are no guarantees with altcoins. If you observe these things in the case of investment, you should definitely invest in Bitcoin. By investing in bitcoins the investor can definitely be profitable at some point which is not guaranteed when investing in any other coins.

[Agbe]

Everyone has their own plans in cryptocurrency investment. Some like to invest big amount at once while some like to invest little by little. And above all the best for now that the price of bitcoin is in the increase is the DCA method of investment. Any of the category of investors, both small amount holders and big amount investors should use the DCA method to invest.

[albon]

Before investing in cryptocurrency it is important to have some understanding about this topic As a result, you need to know what steps to take to invest in this way. There are several steps to follow such as first finding a suitable crypto exchange or choosing the best wallet where you can securely deposit your crypto. Then research any investment case. Because the things you need to understand when you want to invest in crypto include technology, market trends, crypto asset types and future growth potential.
Also allocate capital to different types of cryptos to minimize losses. Then always be active to save yourself from fraud, fraud. Finally never invest beyond your means and don't get overly greedy.

[sampoerna]

It is undeniable that newbies are indeed the target of new projects that are made as hype as possible. Making a profit from newbies who are indeed very innocent and greedy to get rich quickly is a fairly easy way for scammers or developers of fake hype projects.

One thing for sure for me is that, in this whole year 2024 memecoin hype I have not paid attention to any of them, and even not to participate in their airdrops, alot of them where put in my phase by some of my  friends but I always tell them straight up that I am not interested.

But such rejection won't be coming from a newbie because at each point he may likely give in, and becoming a potential victims.

At least we have control over our own decisions, based on experience, knowledge, and consideration. New projects are usually always hyped, and this cannot always be relied on for the long term. In fact, this is a short-term project that must immediately take profits when the price is good enough.

Yes, it is the right decision not to be associated with various new projects that are hyped, if indeed it is based on convincing personal considerations. Even if you want to join, make sure you have really analyzed it well, and do not spend money to get the new coin.

Personally, I have joined several new projects but only for airdrops and playing games. And all of that was done without a high target, while filling my free time. and not spending money on investment. So, if the new project is successful, consider it a bonus, if not, consider it just an experience

[Z-tight]

Any of the category of investors, both small amount holders and big amount investors should use the DCA method to invest.

Dca strategy is a very good way to buy BTC, i like to recommend it to newbies who are still unsure of BTC and do not have the funds to buy a lot of coins all at once. For more experienced investors who have a lot of money, it may not be necessary. However, it is just up to the person to choose which strategy they think will be best for them and will work for them in the long run.

[armanda90]

Before investing in cryptocurrency it is important to have some understanding about this topic As a result, you need to know what steps to take to invest in this way. There are several steps to follow such as first finding a suitable crypto exchange or choosing the best wallet where you can securely deposit your crypto. Then research any investment case. Because the things you need to understand when you want to invest in crypto include technology, market trends, crypto asset types and future growth potential.
Also allocate capital to different types of cryptos to minimize losses. Then always be active to save yourself from fraud, fraud. Finally never invest beyond your means and don't get overly greedy.

All investors understand well about basic information before investing their cryptocurrency assets, most of trader as new comer or not have understood about exchange, wallet until deposit or withdrawal cryptocurrency funds. But most important about knowledge needed when investing in bitcoin how to get maximum profitable earn and get minimize risk when trading in cryptocurrency.
Allocated capital with difference price when investing is very good way in trading, its helpful for us when market crash and has opportunity buy with another lower price.

[Z-tight]

Allocated capital with difference price when investing is very good way in trading, its helpful for us when market crash and has opportunity buy with another lower price.

I am having a really hard time understanding you, i believe it is due to poor construction of your sentences in English Language. However, i agree that it is always a good idea to buy when the price is low, but it has to be a coin that has a use case and one that will rise when the market is green again, if you buy shitcoins because the price is low, you may just lose your money, because that could be the end of the coin.