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Author Topic: Invest less in Cryptocurrency or not??  (Read 5211 times)

Offline bayu7adi

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Re: Invest less in Cryptocurrency or not??
« Reply #30 on: September 20, 2024, 12:36:15 PM »
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.

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Re: Invest less in Cryptocurrency or not??
« Reply #30 on: September 20, 2024, 12:36:15 PM »

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Re: Invest less in Cryptocurrency or not??
« Reply #31 on: September 20, 2024, 02:12:19 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??

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.

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Re: Invest less in Cryptocurrency or not??
« Reply #31 on: September 20, 2024, 02:12:19 PM »

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Offline Rubel007

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Re: Invest less in Cryptocurrency or not??
« Reply #32 on: September 21, 2024, 04:41:24 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??

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.

Offline bitterguy28

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Re: Invest less in Cryptocurrency or not??
« Reply #33 on: September 21, 2024, 05:45:28 AM »
. 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

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Re: Invest less in Cryptocurrency or not??
« Reply #34 on: September 21, 2024, 12:35:28 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??

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.

Offline Rruchi man

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Re: Invest less in Cryptocurrency or not??
« Reply #35 on: September 21, 2024, 07:57:32 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??
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.
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Offline UNIVERSE

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Re: Invest less in Cryptocurrency or not??
« Reply #36 on: September 21, 2024, 10:49:58 PM »
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.


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Re: Invest less in Cryptocurrency or not??
« Reply #36 on: September 21, 2024, 10:49:58 PM »


Offline taufik123

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Re: Invest less in Cryptocurrency or not??
« Reply #37 on: September 23, 2024, 05:55:22 PM »
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.

Offline bayu7adi

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Re: Invest less in Cryptocurrency or not??
« Reply #38 on: September 23, 2024, 06:07:10 PM »
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.

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Re: Invest less in Cryptocurrency or not??
« Reply #39 on: September 24, 2024, 06:33:26 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 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.
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Offline taufik123

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Re: Invest less in Cryptocurrency or not??
« Reply #40 on: September 24, 2024, 08:45:08 PM »
-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.

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Re: Invest less in Cryptocurrency or not??
« Reply #41 on: September 24, 2024, 11:40:02 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??
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.
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Offline jeraldskie11

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Re: Invest less in Cryptocurrency or not??
« Reply #42 on: September 27, 2024, 06:08:28 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??

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.

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Re: Invest less in Cryptocurrency or not??
« Reply #43 on: September 27, 2024, 09:32:36 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.

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.

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Re: Invest less in Cryptocurrency or not??
« Reply #44 on: September 27, 2024, 11:11:37 PM »
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.

 

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