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Author Topic: Invest less in Cryptocurrency or not??  (Read 5259 times)

sonaa

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Invest less in Cryptocurrency or not??
« 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??

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Invest less in Cryptocurrency or not??
« on: September 06, 2024, 01:31:57 PM »

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Re: Invest less in Cryptocurrency or not??
« Reply #1 on: September 06, 2024, 03:43:12 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??
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.

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Re: Invest less in Cryptocurrency or not??
« Reply #1 on: September 06, 2024, 03:43:12 PM »

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Re: Invest less in Cryptocurrency or not??
« Reply #2 on: September 06, 2024, 04:04:02 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??
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.
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Re: Invest less in Cryptocurrency or not??
« Reply #3 on: September 06, 2024, 04:34:55 PM »
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.
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Re: Invest less in Cryptocurrency or not??
« Reply #4 on: September 06, 2024, 05:10:45 PM »
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.

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Re: Invest less in Cryptocurrency or not??
« Reply #5 on: September 06, 2024, 05:35:34 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??

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.
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Re: Invest less in Cryptocurrency or not??
« Reply #6 on: September 06, 2024, 05:42:18 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??
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.

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Re: Invest less in Cryptocurrency or not??
« Reply #6 on: September 06, 2024, 05:42:18 PM »


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Re: Invest less in Cryptocurrency or not??
« Reply #7 on: September 06, 2024, 06:30:48 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??
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.

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Re: Invest less in Cryptocurrency or not??
« Reply #8 on: September 06, 2024, 06:41:50 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??
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.
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Re: Invest less in Cryptocurrency or not??
« Reply #9 on: September 07, 2024, 01:03:27 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??

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.

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Re: Invest less in Cryptocurrency or not??
« Reply #10 on: September 07, 2024, 07:32:56 PM »
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.
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Re: Invest less in Cryptocurrency or not??
« Reply #11 on: September 07, 2024, 09:49:40 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 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.

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Re: Invest less in Cryptocurrency or not??
« Reply #12 on: September 07, 2024, 10:05:47 PM »
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.


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Re: Invest less in Cryptocurrency or not??
« Reply #13 on: September 07, 2024, 10:17:03 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??
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.
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Re: Invest less in Cryptocurrency or not??
« Reply #14 on: September 09, 2024, 06:13:20 AM »
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.

 

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