Post
Topic
Board Trading Discussion
Re: Achieving a goal
by
GeorgeJohn
on 12/03/2024, 20:00:00 UTC
Sometimes it's not all advice for investment that you will take from everyone because advice of people might mislead you whereas your mindset would have been the one that's favourable by you, so therefore I would like to say that investment is base on investigation and research, if you have make a proper inquiry nothing will make you not to understand the concepts of investment, so invest in any coin you feel that have potential or you take a risk and invest in a coin people doesn't value and if you have a luck the coin may be productive for you, and if it happens you will be at safer side.

   What you are saying is correct; it is not because someone has given advice on this forum platform that we will immediately believe it. Of course, we must first learn to analyze the opinions of the various communities here. Then, when you have seen and balanced the advice that was given to you, you will now decide which one of those you think will benefit and help you.

   That's the simple thing I do, and I often even combine the opinion of others with another opinion of mine because it's really good and useful.
It's obvious that I did not condemn the fact of extracting idea from other forum members, but what I lamented is that we should know the kind of advice we shall take from other people, because its clear that everyone who tender an opinion or suggestion in the forum or this community has practicalize it, I doubt that many of them has test run whatever they present here first..that should not make us to reject some ideas that will profit you in future...before you conclude on suggestion that has to do with trading and investment you have to make a research concerning it first.
Sometimes it's not all advice for investment that you will take from everyone because advice of people might mislead you whereas your mindset would have been the one that's favourable by you, so therefore I would like to say that investment is base on investigation and research, if you have make a proper inquiry nothing will make you not to understand the concepts of investment, so invest in any coin you feel that have potential or you take a risk and invest in a coin people doesn't value and if you have a luck the coin may be productive for you, and if it happens you will be at safer side.
When we decide to invest, it would be better for us to have a good understanding of the investment we are making, because if we listen to other people's advice and that person says it is not based on the knowledge they have, of course we will suffer losses from the investment we make.
It's true what you said, it would be better for us to do our own research first about investment so that we can make the right decision in the investment we make, after we understand well about investment then we can try it. After we try it, of course we will be able to have experience in the field. investment and will be able to get profits from the investments we make.
It is not only better to do our due diligence, it is our only option, anyone that invests in an asset following the advice of someone else is making a mistake from which they may never recover, because even if they were to succeed and make money with that advice, they will forever damage any confidence they may have had on their abilities and will become dependent on the advice of others.

Then for the rest of their trading careers they will look for investment advice, instead of looking at the charts and everything surrounding a project and decide on their own if they want to invest in it.
In normal circumstances whosoever that's venturing into investment have to make a research to know if the investment is suitable for the investor will engage or involve itself into the investment, so from my perspective in cryptocurrency we have to understand the basics aspects of Investment before we embrace it, some people doesn't make research but what have in mind is that will make a profit for any cryptocurrency they ventured into, its obvious that you will achieve your goal when you have already make findings.

You recommended good coins BTC and some altcoins which are the top cryptocurrencies in the market. But if OP want to achieve his/him goal 25k$ to 200k$ of course he/she need to take big risk with another risky coins which are big pumping and dumping. And if he/she want to lees risky investment when so difficult to achieve this goal.
Actually, this goal is not difficult for OP to achieve as long as OP has the patience to do it regularly, because now Bitcoin is at an all-time high which is a big win for people who have bought at low prices before. So every extraordinary achievement is actually not difficult as long as we are able to wait for it after daring to take risks by buying it in the past, and for now it is actually still quite good if you still want to buy Bitcoin with some of the top altcoins on the market because their price movement potential is still hasn't disappeared in a while.
To achieve a goal is not difficult, it's us that think is difficult, anything you planned to achieve make sure you have three different drawing boards and mostly you have to know that is important, trading or investment if you want to be one of the beneficiary of trading or normal investment you have to pay attention and learn all the necessary strategies of the things, so with learning and observation nothing is hard to learn and understand it's measure.