Crypto currency investment

[Trexxxy]

I think newbies or investors should always keep their eyes open and try to diversify. Investing in the top coins might not be profitable on a long term. There are other coins out there that are just as profitable.

 

[CeeJase]

The crypto currency marketing is getting bigger and bigger. Governments around the world have not only legalized crypto currencies but also exploring the possibilities of digital currency backed by the central banks. What kind of investment tips do you want to give to someone who is new to crypto currency investment.

Do you think newbie should stick with top performing currencies only or should also try hands on low currencies or even newly introduced currencies?

Well, it's all about how the Cryptocurrency market is positioned at the moment you want to invest in it. If it's set up to favor low coins, it's better to avoid high coins.

 

[Nomad]

Even though Crypto currency market is very volatile, you can invest and earn profits. However, in order to earn from investment, you need to be financially capable to hold your investment for longer period of time, or until the value of your asset increases.

 

[Skysaint]

Well, when I was very much new to the whole system, I make use of the high value coins to make my trades and the honest truth is that it's not best for trading but these new coins in the market.

 

[Immilash]

As a newbie I suggest you start with new introduced coins the reason is because you need to start with a little and gradually you will become a expertise.

 

[btaliat]

The best thing is to be conversant with technical and fundamental analyzes to know the right coin to buy. There is no guarantee on any coin. I have seen an unpopular coin making more than 500% gain in just a day. But to secure your money, go for coin that has much volume of trade.

 

[tyrim88]

Cryptocurrency is all about investing when the price is low and sell it when the price is high it can make you Rich overnight it requires time for you to make some profit, do not invest how much you can't afford to loss

This is just the strategy to use in the cryptocurency trade market,because it is a venture we should follow with caution,because it is not good to invest all your funds into such venture that has high volatility.

 

[greenie]

Cryptocurrency is all about investing when the price is low and sell it when the price is high it can make you Rich overnight it requires time for you to make some profit, do not invest how much you can't afford to loss.

 

[Laurentta]

I don't much about crypto currencies but from the little knowledge i've gathered. It is better as a beginner to buy coin and hold it so when the prices rise you can sell it.

 

[Lens]

The newbie should get mentorship from the more experienced and should solely rely on the signals from the more experienced. He could even do copy trading.

 

[Busybee]

As a good investor, it is always best to diversify the investments. Statistically Cryptos provide better CAGR compared to other assets class. Even though crypto has its inherent risks, the rewards greatly outweigh them. Make crypto a part of your portfolio. Read an article stating 500$ in Shibu 2020 would have been 1 Billion in 2021. It's better to be invested than sorry in the future.

 

[Setho]

As a newbie in the cryptocurrency space it is very important that you should try to stick to the important ones and the ones that are considered to be blue chip and play it Safe.

 

[Nomad]

One of the major risks associated with crypto investment is the market can go into bear run for a long time. The market that started going down by the end of 2021 is still going down. It is almost 2 years. If you are not financially capable to hold your coins for a couple of years, your investment might be under a risk.

 

[Riberet19]

Yes, people should learn before investing a single dollar what the real risks of cryptocurrencies are and know that they are highly speculative investments and can make you lose all your money, people sometimes only think about the possible revaluations they may have but not in the real risks