Apart from being knowledgeable in the money market, it has the potential of making you profitable from the currencies you have invested in. It also gives you security and financial independence that you have always wanted.
The importance of investing in different coins.
- Thread starter ahmedo24
- Start date
I don't think there are any rooms for investing in cryptocurrency. The trusted ones like bitcoin and ethereum are beyond reach for most people and you never know when these new coins will vanish. A lot of cryptocurrency projects have scammed hundreds of thousands of people.
- Thread starter
- #23
Yeah because there seem to be much attention on bitcoin alone especially by newbies and there are more lucrative new coins out there also to invest on too.
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Thus, in investing, it's best practice to invest in different financial products, such as mutual funds, stocks, real estate, or rare coins. Investing in rare coins provides an alternative investment opportunity for you that'll allow you to diversify your portfolio.
Timmyjae
Acquaintance
Just like a two sides of a coin, investing in different coins can be risky (whilst every investments are risky) in the sense of the collapse of the coin and the loss of money and can also be profitable, meaning that if a coin is purchased at lower costs and fortunately it got fully recognized in the world market and in that same process the coin rate gets higher, it is a gain. But things to expect most of the time is to expect the loss of money.
Just like offline investments you are taking risks here, you wouldn't want all your money into 1 crypto because what if that one flops? All your money will be gone. Unlike investing in multiple Currency even if some of them drops you still have other coins that might do well in that case you get what you loss and gain profits in return
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When it comes to Investment, the need for diversification cannot be overemphasized. And this is not only applicable in crypto currency but in every form of investments.
This is so that, if anything happens to a particular coin( crypto investment) you don't lose all your money.
This is so that, if anything happens to a particular coin( crypto investment) you don't lose all your money.
Investing in different cryptocurrencies is very important when it comes cryptocurrencies Investment. This can help Investors to minimize losses and risks associated with cryptocurrencies Investment because all of them can not fail to progress.
Crypto has taken over. And very soon, it may be tender as legal exchange of medium. The only regret I have is not keeping some bitcoin when I invested in it on 2016.
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Crypto has taken over. And very soon, it may be tender as legal exchange of medium. The only regret I have is not keeping some bitcoin when I invested in it on 2016.
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Cryptocurrency is the second name of risk. If you have guts to take a risk then you should invest in different cryptocurrency coins and you should buy them at minimum rate and wait for the best time to sale them, in this way you can get high profit.
Its a good rhing to invest in different coins but one must know that all investments contain some risks but we must try to avoid loss in investment.we should never play poker with financial future.this is a great idea to diversify our investments ans should not stick to one asset its be cause atleast one of the cryptocurrencies would give you profit which will be able to minimize you alf of the losses.
- Thread starter
- #32
Your last statement has said it all, when you invest in different coins there is possiblilty that some will fall while other will rise so it is rare for total loses there is usually more gains than losses in multiple Crypto currencies investments.
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Yeah investing in most of the cryptocurrencies are definitely more profitable than investing on bitcoin. So I think it will be better to invest on other cryptocurrencies sometimes.
merry Christmas
Thus, in investing, it's best practice to invest in different financial products, such as mutual funds, stocks, real estate, or rare coins. Investing in rare coins provides an alternative investment opportunity for you that'll allow you to diversify your portfolio.
Thus, in investing, it's best practice to invest in different financial products, such as mutual funds, stocks, real estate, or rare coins. Investing in rare coins provides an alternative investment opportunity for you that'll allow you to diversify your portfolio.
It could be a bad or a good idea but this depends on multiple factors. How much money do you want to invest, when do you want to invest and what is your plan for the future with the bitcoin you are going to buy. Investing in bitcoin is simple, you just buy bitcoin and hold it for a couple months/years but the difference between a successful and unsuccessful investor is those details that i mentioned earlier
It could be a bad or a good idea but this depends on multiple factors. How much money do you want to invest, when do you want to invest and what is your plan for the future with the bitcoin you are going to buy. Investing in bitcoin is simple, you just buy bitcoin and hold it for a couple months/years but the difference between a successful and unsuccessful investor is those details that i mentioned earlier
It could be a bad or a good idea but this depends on multiple factors. How much money do you want to invest, when do you want to invest and what is your plan for the future with the bitcoin you are going to buy. Investing in bitcoin is simple, you just buy bitcoin and hold it for a couple months/years but the difference between a successful and unsuccessful investor is those details that i mentioned earlier
Post automatically merged:
It could be a bad or a good idea but this depends on multiple factors. How much money do you want to invest, when do you want to invest and what is your plan for the future with the bitcoin you are going to buy. Investing in bitcoin is simple, you just buy bitcoin and hold it for a couple months/years but the difference between a successful and unsuccessful investor is those details that i mentioned earlier
Post automatically merged:
It could be a bad or a good idea but this depends on multiple factors. How much money do you want to invest, when do you want to invest and what is your plan for the future with the bitcoin you are going to buy. Investing in bitcoin is simple, you just buy bitcoin and hold it for a couple months/years but the difference between a successful and unsuccessful investor is those details that i mentioned earlier
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I like investing in more than one entity. I don't put all my eggs in one basket. Especially in crypto currency, when a coin falls one might rise. But if I invest in just one, what happens if it depreciates?
Concerning the importance of investing into different cryptocurrency coin. Well, I believe every business person or individual will have the knowledge that it is wise to invest into different investments and and same goes to cryptocurrency. I believe you will earn more
kayode10
Guest
I will invest when the price hit the rock bottom. This gives me chance to key in when the price started to rise again. I learn about this in one of the books I read about market predictions. The author who happens to be an expert in wall street says the best to invest is when the commodity hit the rock bottom.
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It’s okay to put your eggs in different baskets but I personally think that may be distracting some times. I believe it will be nice to invest in a few of them and watch them closely to get the best out of them instead of trying to divide your attention to a lot of them.
- Thread starter
- #40
Most of the coins don't rise the Same time so Investing in different coins will be an added advantage because you will always be able to manage your losses should in case of eventualities and if it is gain one will be able to manage it also.
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