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Tips for Investing in Cryptocurrency

Wed Apr 25, 2018 5:22 pm

Create an account on a cryptocurrency exchange to purchase Bitcoin or Ethereum.

Bitcoin and Ethereum are the fundamental coins in all of cryptocurrency. In addition to being used as forms of investment themselves, both Bitcoin and Ethereum are universally accepted as payment for altcoins on exchanges. These altcoins, while extremely volatile, offer some of the highest ROI if you invest properly. There are a few exchanges that let you purchase Bitcoin or Ethereum using fiat currency (i.e., USD), Coinbase is the most popular of these exchanges, but there are others you can find that might offer a cheaper rate. It’s also important to note that you don’t have to buy a whole Bitcoin or Ethereum token, you can purchase them in fractions as well (i.e., .005 BTC), saving you thousands of dollars.

Create an account with a new cryptocurrency exchange.

You can use some of the bigger exchanges such as Binance or Bittrex if you’d like, but you would be missing out on a lot of the benefits new exchanges have to offer. In my opinion, finding new exchanges for your altcoins is vital to investing. Often these exchanges have a lot of promotions, including free coins, low trading fees, and fewer barriers to register. Just be sure that that the exchange you pick is one you feel comfortable trusting with your funds.

One new exchange I love right now is BitMart. They have started to list more coins and I suspect they will continue to do so at a steady rate. They currently offer XLM/ETH, MOBI/ETH, and BMX/ETH trading pairs. BMX is their own utility token which can be used as payment for transaction fees (similar to Binance’s BNB token). They have a ton of promotions to earn free BMX right now too, which you can find on their twitter. They also offer 0% transaction fees until April 15th, meaning you can save all the BMX you get early on and use it on the exchange later when they have more trading pairs.

Purchase altcoins and plan when to sell.

There are hundreds and thousands of altcoins in the crypto world so I’m not going to tell you which coins you should invest in. However, I will give you some general tips on how to select the right coins to invest in:

1. Search for altcoins on CoinMarketCap. CoinMarketCap is easily the most popular website to research altcoins. You should only consider investing in coins within the top 100 by market capitalization.

2. Don’t invest in a coin just because its value has grown recently. It may be nearing its peak value, in which case you won’t be able to maximize your ROI. In some cases, you may even lose money. However, there are exceptions where some external factor points to continued growth, which is why the next step is important…

3. Research as much as you can about newer coins and think to yourself why the coin may grow in value based on its applications. Things that you should look for include project whitepapers, blogs, and community subreddits.

· Blogs: Bitcointalk, Coindesk, Cointelegraph, Bitcoin.com, Coincentral, NewsBTC, Blockgeeks, CCN.

· Subreddits: r/Bitcoin, r/CryptoCurrency, r/Ethereum.

4. Diversify your portfolio. By investing a small amount in multiple coins rather than a large amount in one specific coin you protect yourself from sustaining larger losses due to any unforeseen circumstances arising with one particular coin.

5. Set goals for your investments for when you want to sell (i.e., +10%, +25%, etc.). Even though it may be hard to watch a coin’s value increase after you’ve sold, it’s better than losing money. Be sure that you set a goal worth the risk of investment as well. You wouldn’t sell at a 10% gain if the investment was only for $100.

Disclaimer: These are my opinions, as such, they do not constitute financial advice. While some people have made a fortune by investing in altcoins, others have lost money. You should never invest more than you are willing to lose and if you wish to be one of the few people who succeed then you have to be smart about it.

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Re: Tips for Investing in Cryptocurrency

Fri Apr 27, 2018 12:43 pm

Great tips. I think when we plan to buy an altcoin we should do some research about them before buy that this altcoin which we are going to buy and want to hold has potential to grow and we can make a profit with or not.

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Yogay
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Re: Tips for Investing in Cryptocurrency

Fri Jun 22, 2018 6:17 pm

My advise to young investors is to invest in new Initial Coin Offerings. I know the risk is enormous but the outcomes could be life-changing. You should check the development team and do background research on the ICO.

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Re: Tips for Investing in Cryptocurrency

Mon Mar 18, 2019 1:40 pm

Crypto Currency is becoming the most investing Company and it is for every one all around the word. I think the Crypto is a currency which you can't get in your hand But yes we can only transfer it from one place to another. Well I have also Invested some Crypto in one of the best Writing companies And I also checked the next page of this post where I can get more information about trading via Crypto currency But please let me know if it also Effect the time when we purchase these Coins in USD. Because some of my Team mates told me that When ever I buy coins and if I withdraw I will get money with respect to the same as which price I buy.

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Re: Tips for Investing in Cryptocurrency

Mon Mar 18, 2019 1:50 pm

My advise to young investors is to invest in new Initial Coin Offerings. I know the risk is enormous but the outcomes could be life-changing. You should check the development team and do background research on the ICO.
I would like to add to this, in the mean time they can learn how to trade and how to use leverage on trading platforms like PRIMEXBT and others.
Would also be good to learn the instruments so they have more control upon their investments and how to build orders and little lady strategy.

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Re: Tips for Investing in Cryptocurrency

Fri Mar 22, 2019 10:11 am

My tip is simple and that’s to invest into reliable options, instead of random ones. If we do that then only we will be able to gain money and that in a very consistent way as well. There are some very very cool Upcoming ICOs, which we can use for investment and something that can really benefit us a lot in long run. But of course, we really need to get it all worked out wisely and towards benefitting us instead of joining because it looks good.

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Re: Tips for Investing in Cryptocurrency

Fri Mar 29, 2019 10:56 am

Many new traders are blindly staring at maximizing profits and making profits in every trade. It is just as important to avoid making the most common mistakes when trading cryptocurrencies.

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Re: Tips for Investing in Cryptocurrency

Thu Apr 25, 2019 11:35 am

Cryptocurrencies need a lot of caution before you decide to invest in them. This is because of the instability and insecurity associated with them. Invest in reliable options instead of random ones and do your research well to avoid making common mistakes

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Re: Tips for Investing in Cryptocurrency

Sat May 04, 2019 4:40 pm

As for me, I don't like to invest in crypto. I am currently using https://bonus-ci.com/ where I can make money on betting and watch my favorite sport online. I think that bitcoins and other crypto are not so popular as earlier.

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Re: Tips for Investing in Cryptocurrency

Sun May 12, 2019 4:34 pm

You have mentioned notable points but I must add that when investing in cryptocurrency, you should take your time to research. Also, you do not just buy at any time. It is best to buy the low and sell the tops. Right now there are many coins that are undervalued that could give you X3 or more of your investment. You could search coinmarketcap to help in your research. Coins like Icx, Neo , Veil and Ont are some coins worth investing in.

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Re: Tips for Investing in Cryptocurrency

Sun May 19, 2019 9:02 pm

Biggest tip you can give for someone looking to invest... Read, learn, read. More then you have time for, more then you think is needed. Its better to spend more time before making any investments then lose money later.

Jeffbrad
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Re: Tips for Investing in Cryptocurrency

Mon May 20, 2019 5:57 am

Biggest tip you can give for someone looking to invest... Read, learn, read. More then you have time for, more then you think is needed. Its better to spend more time before making any investments then lose money later.
Or another alternative choice just like put your money in the potential coin that created a useful product. Veil can become the best example of how the best product is working. When you get a project that give you a lot of benefits and why you must bet on a new ico that you don't know what will be the result after ico?

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Re: Tips for Investing in Cryptocurrency

Fri May 24, 2019 10:57 pm

There are major tips that will be a life-saver if you decide to invest in cryptocurrencies.

Firstly, secure your wallet and keep details private.
Secondly, invest only what you can afford to loose.
Thirdly , research and invest in profitable coins that have multiple options and possibilities like veil which can be staked, traded and mined. You can make money on mining and staking of some coins but it's tru research you can only know this.

Henry Winter
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Re: Tips for Investing in Cryptocurrency

Fri Jun 07, 2019 7:44 pm

Good info! Thanks for sharing! I agree that it is better to start with creating an account on a cryptocurrency exchange, but it is important to choose a proper exchange. It took me some time to make the right decision as I read a lot about different exchanges. What really helped me was cryptocurrency exchanges reviews on https://revain.org/exchanges. They are written by people from their own experience, and it is great to find out other people's opinions before starting using exactly this exchange.

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Re: Tips for Investing in Cryptocurrency

Sun Jun 09, 2019 4:54 am

Nice tips and heads up. But investing in alts is the best. Just look for a good altcoins and invest. Don't buy the top remember. Buy the dips. A good coin good for buy in my analysis is Veil coin. This coins has its ATH @0.6$. Now doing 0.09...imagine investing some cash here and price rockets

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Re: Tips for Investing in Cryptocurrency

Thu Jun 20, 2019 7:00 pm

Good tips, especially about setting goals for investments

kendi12
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Re: Tips for Investing in Cryptocurrency

Thu Jun 20, 2019 7:13 pm

Good tips, especially about setting goals for investments
But it goes without saying, honestly

dolstai
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Re: Tips for Investing in Cryptocurrency

Thu Jun 20, 2019 7:19 pm

Good tips, especially about setting goals for investments
But it goes without saying, honestly
Not for all, I know lots of traders who don’t stick to such rules, and even invest in smth without pondering decisions

kendi12
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Re: Tips for Investing in Cryptocurrency

Thu Jun 20, 2019 7:28 pm

Good tips, especially about setting goals for investments
But it goes without saying, honestly
Not for all, I know lots of traders who don’t stick to such rules, and even invest in smth without pondering decisions
Do you mean blockchain investing projects?

dolstai
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Re: Tips for Investing in Cryptocurrency

Thu Jun 20, 2019 7:33 pm


But it goes without saying, honestly
Not for all, I know lots of traders who don’t stick to such rules, and even invest in smth without pondering decisions
Do you mean blockchain investing projects?
Exactly. Good thing, if you use analytical thinking

kendi12
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Re: Tips for Investing in Cryptocurrency

Thu Jun 20, 2019 7:43 pm


Not for all, I know lots of traders who don’t stick to such rules, and even invest in smth without pondering decisions
Do you mean blockchain investing projects?
Exactly. Good thing, if you use analytical thinking
And in this sphere it’s important to know what develops more rapidly, in what industries investors are interested more. Recently heard about collectible cars market, I see active leap in it

dolstai
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Re: Tips for Investing in Cryptocurrency

Thu Jun 20, 2019 7:48 pm


Do you mean blockchain investing projects?
Exactly. Good thing, if you use analytical thinking
And in this sphere it’s important to know what develops more rapidly, in what industries investors are interested more. Recently heard about collectible cars market, I see active leap in it
Cause there are lots of collectors with fanatical attitude to certain rare cars. But I never heard about blockchain projects on it, can you share at least one please

kendi12
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Re: Tips for Investing in Cryptocurrency

Thu Jun 20, 2019 8:02 pm


Exactly. Good thing, if you use analytical thinking
And in this sphere it’s important to know what develops more rapidly, in what industries investors are interested more. Recently heard about collectible cars market, I see active leap in it
Cause there are lots of collectors with fanatical attitude to certain rare cars. But I never heard about blockchain projects on it, can you share at least one please
Sure https://www.curioinvest.com

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