1. Rox

    Rox Vice Administrator Staff Member

    Apr 17, 2010
    8,466
    Everybody these days is talking about investing in crypto-currencies like Bitcoin, Litecoin, Ethereum, Ripple, Stratis etc. This thread is dedicated to users who are looking for some solid life-saving tips before investing in these coins.


    • Invest only that part of your money which you can afford to loose; social & financial security is of utmost importance
    • Try not to invest when markets are up, buy when prices go down
    • Try not to invest in coins which have less trade volumes - such coins are easily manipulated either by creators or huge holders
    • Look out for promising coins which are new & about to be listed for trading - they have good potential for buying at low prices and selling at 100x to 1000x returns
    • Look out for coins with actual revenue making models - do not blindly invest by seeing trade volumes / founders / shiny websites. You should only invest in any tom, dick and harry coin if you are only in for day trading (short term profit booking) and are ready to loose the money
    • Look out for coins which are pre-mined heavily - Example: XYZ Company releases 10,00,00,000 coins, and keeps 50% for itself (pre-mined) saying they need them for developmental costs. Expect the prices to crash as soon as the coin is listed for trading - they just want to sell those 50% coins since they cannot pay bills / employees in those coins they have created - they need fiat money (USD / GBP / EUR etc.)
    • Do not ever hold your coins in Web Wallets / Exchange (Site like BitFinex.com where you can Buy/Sell Coins) Accounts - you are risking your secret keys being leaked / hacked. In crypto-world secret keys are everything; you loose them your coins are all gone. A transaction cannot be reversed in crypto-coins. Use desktop wallets as a minimum security measure.
    • Always go by your gut feeling and thorough research - there are tons of articles / forums on web and each one of them have their own opinion / interests

    This thread will be updated in a neater format later on. Your comments and suggestions are most welcome.
     
  2. Bonata7

    Bonata7 Well-Known Member

    Jan 30, 2016
    901
    Is [​IMG][FONT=&amp] AntShares [/FONT](ANS) good to invest ?
     
  3. Rox

    Rox Vice Administrator Staff Member

    Apr 17, 2010
    8,466
    Yes, it is. The coin has got some great potential since people of China are backing it since it is a locally created coin. Don't have to explain how much they care about their own products, do I?

    Due to recent fall in prices, it is a good buy right now.
     
  4. chota_bhai

    chota_bhai Member

    Oct 22, 2016
    15
    thanks

    for other readers read this point very carefully

    here I am the victim :( of such activities
     
  5. lebar.123

    lebar.123 Well-Known Member

    Oct 17, 2017
    172
    What do you feel is the best CryptoCurrency to invest/mine to have a good ROI?
     
  6. Poppin

    Poppin Member

    Mar 16, 2018
    5
    • "Try not to invest when markets are up, buy when prices go down"
    But when the price goes down, how do I know that it would be a good sign to buy in or it's just a dropping sign, telling me that the coin isn't valuable and for that reason, more people sell it out, making the price drop?
     
  7. Rox

    Rox Vice Administrator Staff Member

    Apr 17, 2010
    8,466
    Learn technical analysis for that :)
     
  8. BinPartner

    BinPartner Member

    Sep 15, 2016
    18
    Do you have any usefull links to share?
     
  9. Rox

    Rox Vice Administrator Staff Member

    Apr 17, 2010
    8,466
  10. UberAmoral

    UberAmoral Active Member

    Nov 27, 2018
    30
    Good tips. Unfortunately, people usually don't listen to good advice's.
     

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