It is said that investors should be mindful of where they put their money because any money you put in the wrong place will be proof of your wrong investment decision.
How true is that?
I will start by saying that I'm looking forward to this conversation because we are already at a stage where even a teen in high school has stakes in Crypto, the stock market or some other places.
Investment is a hot topic and many people want to feel what it's like to be an investor.
It would have been better if there was a place to just play around until you see yourself as someone ready to explore the real world of investment, but there is no such thing. In other words, you can never get a true feeling of being an investor until your put your money somewhere.
If you get it right, it counts as a good investment. If not, then... that's a bad investment.
Do you see? From the moment you get into investing, you will have to face one of two results; profit or loss.
This begs the question;
How can we know the right place to put the money?
This looks like a simple question that demands a simple answer, but the dynamics and complexities that go with various investment units make it hard to outrightly blurt out an answer.
For example, Crypto will always be a good investment, but the time you put your money into it will decide your chances of making a profit. Another important factor that has to be considered is the lifespan you are giving the investment. 2 years? 2 months? or 2 days?
Oh, let's not forget that you need to be mindful of the exact Crypto you are putting your money on.
Do you see my point?
Information is very important!
There are opportunities which are harder to miss than to grab, but so many investors miss these opportunities because they are not well informed. It's very rare to see an investor who isn't investing a good amount of time in research. It's too rare.
Trying to win big in the name of 'investment' without doing your research about what you are investing in is exactly what gamblers do. I mean, even the gamblers of this generation do their research.
What about you 'investors'?
Do you do any research before adding some 'potential asset' to your portfolio?
Thanks For Not Missing Any Full-stop or Comma
Thumbnail Image from pixabay.
Additional image from pixabay.
Posted Using LeoFinance Beta
The rewards earned on this comment will go directly to the people( @kenechukwu97 ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
When I first got to know crypto, I didn't think of it as an investment but only as a way to make money on the internet. I also don't really know various terms like FOMO, FUD, DYOR, and so on. I've never done too much research on a coin/token and assumed that "the first to come will make a big profit". then I invested some of my savings into some shitcoins at that time, and the crash in May 2021 happened......
But now, I can understand a little about the ins and outs of crypto. But unfortunately I don't have enough capital to invest it in some coins. Everything is still here (in the form of HP/Hive Power).
Your experience shows the transition a whole lot of people get once they spend a good amount of time in a Cryptoverse. It was the same for me and for most people.
When I came onboard, I didn't even know how to convert it to my local currency. I didn't understand the tokenomics of any Crypto. I was just writing and earning bit by bit.
Now, after having a couple of experience (some good, others bad), I can now say that I have learned so much as a Crypto enthusiasts. It's exciting.
I feel this decision part is what determined if you will end up with good investment or not because it plays an important role..
Your research,your time and all are all important and to be considered when investing
Well done champ
Yeah. There are several variables that comes to light, but it's left for us to evaluate them and the reach a decision.
Hopefully, that will be a decision that will give us the best outcome
!hiqvote
Investing without doing any research is gambling.
I do my research as much as I can. But I can't say the same at the time I started buying Doge just because Elon is talking about it. 😁
Nicely put.
!1UP
Lolz... You are not alone in this. So many people jumped into the Doge ship because of Elon's hype. It was a crazy time for Crypto and many reaped real profit from that while others suffered great loss. Haha
Thanks for the Curation mate. !PIZZA
You are right. I remember the Dogecoin millionaire who lost his chance to become a real millionaire. If only he sold at least half of his dogecoin. LOL.
!hiqvote
You have received a 1UP from @thecuriousfool!
@leo-curator, @ctp-curator, @bee-curator, @pimp-curator, @vyb-curator, @pob-curator
And they will bring !PIZZA 🍕.
Learn more about our delegation service to earn daily rewards. Join the Cartel on Discord.
Thanks so much
PIZZA Holders sent $PIZZA tips in this post's comments:
@kenechukwu97(1/5) tipped @thecuriousfool (x1)
curation-cartel tipped kenechukwu97 (x1)
Please vote for pizza.witness!
!hiqvote