Q. What is the best advice you can give to new crypto investors?
jnyblaze

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What is the best advice you can give to new crypto investors?


bitcoin blockchain crypto cryptocurrency investing
7

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37

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11

Jul, 2018

  • abdul_moiz

    Multi plug extension board with bluetooth speaker and alarm clock design, equipped with 2 universal sockets and USB port to power your device while listening to … multi plug extension board


       

    answered by

      0 q
  • havarti

    Research, research, research! Do your own research and keep up with the latest news on the cryptocurrency market every day. Watch some TedTalks on blockchain and cryptocurrency.


       

    answered by

      10.36 q
  • mefjiu

    There is one most important rule:

    “Don’t invest more than you can lose”


       

    answered by

      6.29 q (claimed)
  • 9lives

    The most important advice imo:
    1. Do NOT over invest i.e. the “don’t invest more than you can afford to lose” the prices dropping or rising wont affect you by a lot (important to stay emotional free)
    2. If you are looking to buy altcoins remember to research carefully, it could take weeks or months before you should make a decision and start in slowly (look up dollar cost averaging), because there’s a lot of missinformation out there or and you may change your mind on the project later on. As the market’s moving sideways / down, you’ll have plenty of time to make your decision.
    3. Looking at the cryptocurrency history it would be wise to “never buy at an all time high price” I may add, but this also depends on the situation.
    4. Whether you are passive or active on your crypto investments, you’ll learn along the way. Expect to make some mistakes & learn from them.
    5. In case you already haven’t setup couple exchange accounts. I’d recommend to start with Coinbase and Binance


       

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      3.2 q (claimed)
  • billionairebitclub
    1. Understand that all monetary systems are controlled and can be manipulated.
    2. Look into what cryptos the Fortune 500 companies are investing in when researching.
    3. Study Bitcoin market charts. You can make money when it goes to 5K range. Ride the rise.
    4. Stay away from HYIP and Cloud Mining Sites.
    5. Consider solo mining
    6. You must diversify into multiple coins/tokens
    7. Do not send bitcoin to anyone offering unrealistic gains.
    8. Do not be dismayed if you portforlio drops exponentially it is an unregulated market.
    9. Don’t be afraid to sell if you receive 5-10X-20X profits. You can place it in USDT (Tether) to hold it’s value and rebuy on the dip and do it again and again.
    10. Take advantage of this market as you can invest a small amount and get decent returns w/out being a qualified investor.
    11. Use Blockfolio and set Buy/Sell Alerts.
    12. Setup Coinbase to buy small amounts of crypto (BTC/BCH/LTC/ETC) based on your budget daily, weekly or monthly on autopilot.
    13. Earn passive income by selling your bitcoin for a fee with Xcoin

       

    answered by

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  • kiaazad

    Don’t invest more than you can lose and not bat an eye, I would say that about any investment.
    bonous advise: only invest in those that have a functionality that benefits you.


       

    answered by

      48.68 q
  • pearljam

    Do Your Own Research DYOR before invest in cryptos.


       

    answered by

      18.84 q
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Asked in Category

Cryptocurrency

Cryptocurrency is a secure, trustful and transparent digital currency which can neither be counterfeited nor be reversed arbitrarily by the sender. It eliminates the necessity of a third party involvement for the exchange, as it is encrypted and peer-to-peer virtual currency. For those who prefer non-disclosure and privacy, cryptocurrency is the solution. The use of this kind of virtual currency prevents any kind of identity theft. The concept of cryptocurrency has given birth to reliable e-cash.

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