Quote from: michellee on December 14, 2021, 04:40:20 AM

Quote from: Shasha80 on December 14, 2021, 03:16:34 AM

Of course, it is very important that we manage our finances, don't let us spend all our capital to buy coins. We have to save some of it just in case
the price of the coins we buy falls lower, so we can buy it again. And don't spend our capital on just one coin, it's more risky. I recommend that
we divide our capital in several potential coins. New coins should only be for short-term investments, and after successfully taking profits,
then the price of new coins will falls. In my opinion, don't buy it again, because it doesn't guarantee the new coins the price goes up again.
Unless the new coins are listed on popular exchanges, there is a possibility that the new coins will be pumped again. Because popular exchanges
usually have a lot of active traders.

That will need calculation to define how much money we can use for crypto investment so hopefully, it will not bother our daily needs and we should have saved some amount for the urgent thing. Diversifying our coins will be better than just having one coin but we must be careful to select the coin because we have many coins in the crypto market that can increase anytime. But use bitcoin as your main investment while you can select up to 5-10 coins as your secondary investment in crypto.

If the new coins are listed on popular exchanges, those coins can have a chance to increase higher someday so you can select that as your additional coin investment. But remember, there is no right time to know when the price will increase later.

That is why investing in cryptocurrencies must use money that we can afford to lose, so that money for daily needs is not used. We must wisely
manage the finances we have, don't let us experience financial problems because of investing in crypto. Moreover, to borrow money for investment,
it's the wrong thing to do. Just invest in accordance with the financial capabilities of each of us. I agree that we are free to invest in any altcoins,
the most important thing is to always make Bitcoin the first choice. Because Bitcoin is the best and safest coins for investment. Then we don't force
to invest in new coins, because it is very difficult to predict the movement of new coins, there is no track record of the movement of new coins.
New coins are also often used by whales to pump and dump, so investing in new coins is indeed very high risk. Think carefully if we really want to
invest in new coins, if there is extra money we can try investing in new coins.