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Before you step into crypto

Postby Ghost » 02 Mar 2023, 18:59

Investing in cryptocurrency can be both exciting and risky. Before investing, it's essential to conduct thorough research to understand the market, the technology, and the potential risks involved. It's crucial to invest only what you can afford to lose and to diversify your portfolio to minimize risk. You should also choose a reputable exchange platform and ensure you understand the fees and security measures they offer. It's recommended to stay up-to-date with the latest news and developments in the cryptocurrency market and be prepared to act quickly if the market changes. Lastly, seek advice from reputable sources such as financial advisors and experienced investors to make informed decisions.
I have seen a lot of dudes getting a McLaren over a month and some go broke! So decide wisely!
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Re: Before you step into crypto

Postby oldbuddy » 02 Mar 2023, 19:37

Ghost wrote:Investing in cryptocurrency can be both exciting and risky. Before investing, it's essential to conduct thorough research to understand the market, the technology, and the potential risks involved. It's crucial to invest only what you can afford to lose and to diversify your portfolio to minimize risk. You should also choose a reputable exchange platform and ensure you understand the fees and security measures they offer. It's recommended to stay up-to-date with the latest news and developments in the cryptocurrency market and be prepared to act quickly if the market changes. Lastly, seek advice from reputable sources such as financial advisors and experienced investors to make informed decisions.
I have seen a lot of dudes getting a McLaren over a month and some go broke! So decide wisely!

There are much better ways to make money on Crypto than this old style method that resembles gambling much more than investing.
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Re: Before you step into crypto

Postby MysticMoons » 02 Mar 2023, 23:53

i think bitcoin is pretty good. But I do not know much about the other coins
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Re: Before you step into crypto

Postby FXOcrypto » 03 Mar 2023, 00:44

Investing crypto has similar risk like investing in forex, it is possible to make a big profit when investor or traders really having good understanding the price behaviour. In the crypto trading, traders now can trading in CFD crypto in general pairs like BTCUSD, ETHUSD, LTCUSD and more, FXOpen included CFD broker that offer market CFDs cryptocurrencies with leverage 1:3. I am not trading crypto but still often trade forex with choose currencies pairs.
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Re: Before you step into crypto

Postby oldbuddy » 03 Mar 2023, 03:08

FXOcrypto wrote:Investing crypto has similar risk like investing in forex, it is possible to make a big profit when investor or traders really having good understanding the price behaviour. In the crypto trading, traders now can trading in CFD crypto in general pairs like BTCUSD, ETHUSD, LTCUSD and more, FXOpen included CFD broker that offer market CFDs cryptocurrencies with leverage 1:3. I am not trading crypto but still often trade forex with choose currencies pairs.

I don't trade Crypto either, I just use it to collect Daily Compound Interest and let it grow.
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Re: Before you step into crypto

Postby Yugocean » 03 Mar 2023, 05:42

That is old information, no longer used, now we invest in crypto, what we determine to invest. Only day traders will take a quick trade, we HODL.
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Re: Before you step into crypto

Postby augusta » 03 Mar 2023, 05:57

MysticMoons wrote:i think bitcoin is pretty good. But I do not know much about the other coins


Same here BTC is one coin we can invest in but it isn't easy to invest in it without the right knowledge
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Re: Before you step into crypto

Postby JASPREET » 03 Mar 2023, 08:34

That's right and in the case are doing it without any knowledge then there will be loses as I have experienced in the past
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Re: Before you step into crypto

Postby Emmaojo » 03 Mar 2023, 09:37

It is necessary you get information about crypto currency before you invest but I don't invest but using as means of taking payment on online websites.
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Re: Before you step into crypto

Postby oldbuddy » 03 Mar 2023, 10:30

Yugocean wrote:That is old information, no longer used, now we invest in crypto, what we determine to invest. Only day traders will take a quick trade, we HODL.

Those who HODL can wait for years before they make any profit (if ever). but if you make deposits that collect Daily Compound Interest you can make money every day, day after day and never lose any.
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Re: Before you step into crypto

Postby nela13 » 03 Mar 2023, 10:39

I don't invest in crypto as my knowledge about it doesn't allow me to, the only thing I do is collect/earn satoshis online. There are some sites that already pay me interest but is just a small amount. I wouldn't mind investing what I earn but I still have a lot to learn before doing that.
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Re: Before you step into crypto

Postby oldbuddy » 03 Mar 2023, 10:48

nela13 wrote:I don't invest in crypto as my knowledge about it doesn't allow me to, the only thing I do is collect/earn satoshis online. There are some sites that already pay me interest but is just a small amount. I wouldn't mind investing what I earn but I still have a lot to learn before doing that.

From my experience, I learned that you don't need to learn a LOT once you EXPERIENCE it happening right before your eyes and you can do that absolutely free with a little patience. In a few short months you realize why Albert Einstein said Compound Interest is the Eighth Wonder of the World.
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Re: Before you step into crypto

Postby nela13 » 03 Mar 2023, 11:25

oldbuddy wrote:From my experience, I learned that you don't need to learn a LOT once you EXPERIENCE it happening right before your eyes and you can do that absolutely free with a little patience. In a few short months you realize why Albert Einstein said Compound Interest is the Eighth Wonder of the World.

I am using Cointiply and CryptoWin (this last one was your recommendation), I am already receiving interest from Cointiply but I am having a hard time finding ways to earn in CryptoWin, fist they had ptc ads but now I can only earn through the faucet. It will take me months until I have enough to invest in the site.
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Re: Before you step into crypto

Postby friendociate » 04 Mar 2023, 03:37

The 'truest' news I've seen about it (a segment on CBS Sunday Morning) said that 'investing in it' is like betting at the casino---you're not trying to profit as much as you're using all your money (and if you win some back, cool 8-) ).

I would advise against it if someone's looking to profit. The main reason one puts money in cryptocurrency is 'to hide it from the federal- (or world- or whatever) banking system.'

I mean it's right there in the name---"Crypto-" from a wordroot that means "Hidden, Concealed, Secret" (like Crypt-, Crypt, Encrypt, Cryptic, Cryptography ... Krypton?).
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Re: Before you step into crypto

Postby Mika » 04 Mar 2023, 03:49

It will be risky if you invest from your pockets, but what if you work on sites, receive payment in crypto and put it into staking or earning pool?
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Re: Before you step into crypto

Postby Tendz » 04 Mar 2023, 07:51

Before you step into crypto investing, read more about it and how they work, then measure your risk taking level. After researching the market thoroughly, always start with small investment.
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Re: Before you step into crypto

Postby JASPREET » 04 Mar 2023, 08:34

Market research always help and if you like to learn by experimenting then do it with a smaller amount
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Re: Before you step into crypto

Postby oldbuddy » 04 Mar 2023, 08:39

nela13 wrote:
oldbuddy wrote:From my experience, I learned that you don't need to learn a LOT once you EXPERIENCE it happening right before your eyes and you can do that absolutely free with a little patience. In a few short months you realize why Albert Einstein said Compound Interest is the Eighth Wonder of the World.

I am using Cointiply and CryptoWin (this last one was your recommendation), I am already receiving interest from Cointiply but I am having a hard time finding ways to earn in CryptoWin, fist they had ptc ads but now I can only earn through the faucet. It will take me months until I have enough to invest in the site.

What you say is true from your level, but once you reach the level of owning Active Shares the whole picture changes. If you never do anything but the Faucet it very well could take months (since you live in Portugal and I understand Surveys are not a good option), but the good part is you still can't ever lose, because you have not spent anything out-of-pocket. There are other risk free methods to earn Crypto. like the free CryptoTab Browser. I set it as my default browser and ignore all the advertising to get me to spend money and I surf quite a bit, so I make 1,000 Satoshi (enough to buy an Active Share) about every 10 days or 3,000 Satoshi a month. Then I withdraw that directly into my CryptoWin account and buy Shares with it. It's still free money no matter where I earned it. That is why I recommended it on my promo page in my signature, because it is free and simple and earns for me even when I don't pay attention.
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Re: Before you step into crypto

Postby friendociate » 04 Mar 2023, 12:10

oldbuddy wrote:... I surf quite a bit, so I make 1,000 Satoshi (enough to buy an Active Share) about every 10 days or 3,000 Satoshi a month. Then I withdraw that directly into my CryptoWin account and buy Shares with it. It's still free money no matter where I earned it. That is why I recommended it on my promo page in my signature, because it is free and simple and earns for me even when I don't pay attention.

I haven't heard about 'earning Satoshi' from anyone but you. How do you 'do that' (I'm not even sure 'what' ... convert the BTC to Satoshi & ... i dunno :? )
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Re: Before you step into crypto

Postby oldbuddy » 04 Mar 2023, 14:50

friendociate wrote:
oldbuddy wrote:... I surf quite a bit, so I make 1,000 Satoshi (enough to buy an Active Share) about every 10 days or 3,000 Satoshi a month. Then I withdraw that directly into my CryptoWin account and buy Shares with it. It's still free money no matter where I earned it. That is why I recommended it on my promo page in my signature, because it is free and simple and earns for me even when I don't pay attention.

I haven't heard about 'earning Satoshi' from anyone but you. How do you 'do that' (I'm not even sure 'what' ... convert the BTC to Satoshi & ... i dunno :? )

There is no conversion, they are just different denominations like dollars and pennies.
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