How crucial cryptocurrency investing is?

[vegasus]

Crypto is not a risky place for everyone because those with experience are constantly involved in profits.

Well, the ones who have been part of the market know well that crypto market can be really valuable but it's also true that crypto market has some risks and new ones who start investing in the market might face huge losses. It's better to study the market first and then invest in it.

At this time most new investors are facing losses from meme coin. After entering the almost new meme coin on exchange the price increased and suddenly a lot of dump bottoms. The price of the new meme coin rises to the point where everyone is dreaming of getting 1$. The community team is making huge profits from these meme coins. I always like to explain to new investors that a meme coin can actually be a loss for them.

Because usually they tend to just follow FOMO, without doing any analysis. Let alone analyzing the coin, it could be that the new investors don't really understand about cryptocurrency, crypto space, let alone new projects. So, they don't even understand if they have to do an analysis first, sometimes they only know that they have to buy the coin or token because of FOMO from influencers or their friends, because the meme coin project is so hype, they just follow suit. and in the end, they become victims.

and now, we ourselves can be the fence and also control ourselves whether we will fall into meme coin investments or the like, or we can actually take advantage of such projects to be able to take profits. yes, it goes back to our strategy based on in-depth and targeted analysis, both in terms of coins, time to set positions, and when to take profits.

[Baofeng]

-snip-
Overall, trading is not that good in compared to Holding as holding is relaxing while trading is not. I love holding and like trading haha use of different words to show the priority.
-snip-

I also like holding rather than trading, but you also need to pay attention to even coins that must be held for the long term are coins that have a high potential to rise when Bitcoin reaches the ATH as it is now.

It's because some of us are not really build to trade, because trading will have you to sit in front of the computer for many hours to analyze the market itself. So most of us doesn't have the time for that.

So we chooses the long route, that is saving and accumulating for as long as we can. Doesn't matter if the price goes down, as long as we do DCA we will be good and then we will just sell at the right time to make that profit.

[Aanuoluwatofunmi]

Its important that we make investment in cryptocurrencies like bitcoin together with other reputed altcoins, however, in making such decision, we may not have to rush into it, there is enough time for us to think and reason well before investing in other to be on a better edge, because at the end, the reason for making an investment is to make profits and we cant afford to lose such before even starting.

[bayu7adi]

Talking about investment is always interesting when it is related to the interests of old age.. everyone has their own prime and productive period, and most people will start to have difficulty making money when they reach the age of 60 and above, we call it old age and as much as possible we try to achieve a position of financial freedom at that time...

Investment helps us to remain settled in financial matters when old age comes... at least we can still live with the investment money that we have been working on since now... whether it is in the form of deposits, stocks, cryptocurrencies, bonds or others, investment will truly be one of our saviors when we reach an unproductive age.

[milewilda]

Just like any investment out there like whether those traditional or with cryptocurrency then it will really be that crucial because tendency of loses is really there or really having that chance on losing money and thats why you should really be that mindful on every step that you would really be making. Risk management will really be mainly needed. You cant just ignore on the risks involved into it and it will really be that normal that you will really be having application of analysis and other correlated aspect on which you will really be needing up to do. You cant just expect on making money without doing something or something passive. If you will be that careless the expect with those negative results or outcomes.

[Sim_card]

Its important that we make investment in cryptocurrencies like bitcoin together with other reputed altcoins, however, in making such decision, we may not have to rush into it, there is enough time for us to think and reason well before investing in other to be on a better edge, because at the end, the reason for making an investment is to make profits and we cant afford to lose such before even starting.

I am scared of investing on any altcoin yet so that I don't run at loss, because I feel that I wouldn't enjoy the profit in the long run since it might not be possible. However, with bitcoin there is this feeling that you are doing the right thing and investing for the future. Some people love to take advantage of these altcoins and it worked for them, while other ran into big loss.

[_act_]

To invest in cryptocurrency, we have to meet up with some personal demands as to help us have an better experience in it, we can't just invest without putting some things in place in other to help secure our asset as well as making it a profitable one, then also, we may try to make some possible assessments in how to engage our investment, the duration and the pattern for it, all these will channel towards the perfection we desire over our investment and we are not going to regret making any decision upon crypto investment

[taufik123]

So we chooses the long route, that is saving and accumulating for as long as we can. Doesn't matter if the price goes down, as long as we do DCA we will be good and then we will just sell at the right time to make that profit.

That's the best way for long-term investing, and DCA also requires knowledge of when to enter and when to exit. But if you have a price target to exit and it's still high enough then just need to do it until it's reached.

Doing DCA and doing financial management needs to be done correctly so that you can get a pretty good price when you enter. Profits will be made when you can sell at a high price when the bull arrives.

[lepbagong]

Its important that we make investment in cryptocurrencies like bitcoin together with other reputed altcoins, however, in making such decision, we may not have to rush into it, there is enough time for us to think and reason well before investing in other to be on a better edge, because at the end, the reason for making an investment is to make profits and we cant afford to lose such before even starting.

I am scared of investing on any altcoin yet so that I don't run at loss, because I feel that I wouldn't enjoy the profit in the long run since it might not be possible. However, with bitcoin there is this feeling that you are doing the right thing and investing for the future. Some people love to take advantage of these altcoins and it worked for them, while other ran into big loss.

Indeed, bitcoin is a very interesting investment and with small risks and the long term. I understand that you are afraid to invest in altcoin and many are like that, because altcoin is indeed very unpredictable and often many people make the wrong decision to invest in altcoin, but in my opinion, there are still potential altcoins that are very good even the same as bitcoin, it just needs to be analyzed properly so as not to be disappointed later.

[Faisal2202]

I also like holding rather than trading, but you also need to pay attention to even coins that must be held for the long term are coins that have a high potential to rise when Bitcoin reaches the ATH as it is now.

The top coins on coinmarketcap have already started to reach the new market ATH and if from the beginning we buy at a low price and hold it and sell it now when the new ATH is reached, it will be a huge profit. But if you do a trade it will be full of risk and mental readiness also needs to be considered.

If I would have invested in some alts from the last year alone I would have made more than 10x now but the coins I bought in the 2nd or 3rd quarter I sold them all quickly for small profits although I have some tokens but have to sell then in around October and you know in the first week of Novemeber market was in favor for all the alts.

Point is holding is better but its not like we can make confirm profit by holding too as we have to keep patience and have to control our emotions in holdings too so IMO both holding and trading has their own perks and we must do diversification like some part in less risky category like for long term and the other part to play risky like for trading in low or mid caps.

[JoyMarsha]

It is very important to have your investment in crypto because the world is moving into a digital era where everything is being digitalized. There's nothing bad about having your assets as a store of value for future gains, than having it in fiat form that will lose value over time. Bitcoin is the future of digital currency. Hodling it for long, there is a high tendency for potential returns, which is preferable to fiat

[lepbagong]

It is very important to have your investment in crypto because the world is moving into a digital era where everything is being digitalized. There's nothing bad about having your assets as a store of value for future gains, than having it in fiat form that will lose value over time. Bitcoin is the future of digital currency. Hodling it for long, there is a high tendency for potential returns, which is preferable to fiat

Technological progress is indeed undeniable and continues to advance so that the digitalization era is in great demand in almost all sectors, including crypto today. So, that many people invest in crypto because it is very profitable, and you are right that in the future the possibility of storing, in fiat will lose its value and be eroded because not for crypto it is even higher, so it is preferred and made a very attractive investment.

[Sim_card]

-snip-
Overall, trading is not that good in compared to Holding as holding is relaxing while trading is not. I love holding and like trading haha use of different words to show the priority.
-snip-

I also like holding rather than trading, but you also need to pay attention to even coins that must be held for the long term are coins that have a high potential to rise when Bitcoin reaches the ATH as it is now.

It's because some of us are not really build to trade, because trading will have you to sit in front of the computer for many hours to analyze the market itself. So most of us doesn't have the time for that.

So we chooses the long route, that is saving and accumulating for as long as we can. Doesn't matter if the price goes down, as long as we do DCA we will be good and then we will just sell at the right time to make that profit.

The risk in trading is very high which I believe is the maib reason why many people decided to become long term hodlers, because they don't want to lose their investment. Trading ia complex and skillful making it difficult to make money from it, if you are not a professional. Some people switch from trading to hodli, because they have lost so much to trading.

[Faisal2202]

It's because some of us are not really build to trade, because trading will have you to sit in front of the computer for many hours to analyze the market itself. So most of us doesn't have the time for that.

So we chooses the long route, that is saving and accumulating for as long as we can. Doesn't matter if the price goes down, as long as we do DCA we will be good and then we will just sell at the right time to make that profit.

You are right, time is the main issue here because with time we have to learn and then analyze too, and to be honest, in front of the screen, how time passes is just shocking, haha, like I can sit sometimes more than 5 hours straight, yeah, some break like sheee shee hahaha, but analyzing market finding opportunities and making a list of it and whenever there will be a dump, finding any good opportunity from that list is just awesome.

I don't do the analysis of new tokens and of low caps, my method is still simple. I follow trends and investors and do the analysis of that to make my mind calm even when I am at a loss like now I am at a 500$ loss hehe. Trading can sometimes be very scary if it becomes an addiction. I've been holding since now, and I know what's more relaxing, you also know.

[Chilwell]

We talked about the risks associated with cryptocurrency investment everyday, which is important in my opinion because knowing the risks will make us more cautious with our investments. However, the reason I created this post is for us to discuss the benefits of cryptocurrency investing. I believe this will be an interesting topic that will also help newbies understand how important investing in cryptocurrencies is right now, and everyone's efforts for contributing will be appreciated.

We invest in cryptocurrency with the aim of making a profit, while avoiding greed and being content with moderate gains. Cryptocurrency's decentralized nature appeals to many, as it gives individuals control over their assets and financial decisions. They can buy, hold, trade, or sell currencies without government interference.
Additionally, most cryptocurrencies have a limited supply, which help to prevent inflation.