Ninjastic
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Board Altcoin Discussion
Re: Any advice for a newbie?
by
pergola
on 17/03/2018, 20:28:38 UTC
Quote from: Yorikis on March 17, 2018, 09:27:57 AM
Quote from: Hamphser on March 15, 2018, 08:36:05 PM
Quote from: turmalin on March 15, 2018, 08:32:29 PM
I still think diversifying your portfolio limits your risk. During the bottom of the crash, I was still up on my initial investment because I diversified. If youre a true believer and long term holder, then at least choose a coin that has a solid dev team, future utility, and a working product. Just my 2 cents
If you are a wise investor then you would really do such thing.Minimizing out the risk factor of this investment would really be possible by means of diversifying.Each one of us do really start on being a newbie and if you are focused on crypto-investments then you can anytime search out peoples experiences towards this matter.There are lots actually and you can read up possible ways and behavior that will help you into this career.
I think another good advice is to invest as little cash as possible in cryptocurrency! Thus, your losses will be minimal. The initial capital you can earn on BOUNTY/aidrop.
Participating in bounty and airdrops is certainly good advice, but this will not make you rich. To earn good money you need to invest. You need to buy coins on strong recessions, and selling on the ups, following this simple rule you can earn decent money.