Post
Topic
Board Beginners & Help
Re: An advice for Crypto Investing
by
Oshosondy
on 27/05/2022, 11:33:50 UTC
1- You should invest long-term, not short, and stay away from speculative and financial leverage
2- Do not put your entire capital in one token, but rather diversify your wallet with many promising tokens
3- Invest in tokens that have value and do not invest in meme coins
4- Do not let the expectations of YouTubers and bloggers determine your investment decision
1. I can still wait further for the market to dump until a very bearish moment become realistic again in a way even short term investment will be profitable for me, but keeping it long term will increase more the profit. J have the patience for that right moment to come and invest long term. Investing now is neither bad is long term is the purpose.

2. I like the idea of not investing in just only one coin, but the first should be bitcoin while others can be altcoins. Investment diversification is very important to making profit because some altcoins will just fail someone by not growing dieing bull market. I too prefer investment diversification but the first coin to invest is bitcoin.

3. It depends on the meme coin, like doge and shiba inu, they are good meme coins. Not meme coins that are risky, it is new projects which are all altcoins generally.

4. Making research is better than following someone or YouTube that is right.