Don't invest all your money with one place ! - Page 18 - For Beginners - CryptoTalk.Org Jump to content
Magnom

Don't invest all your money with one place !

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Investing our money in different places is certainly necessary, because we don't know whether the exchange will survive or close suddenly. We must anticipate this by dividing our investment in several places or storing it in a safe place, namely our wallets. Keep the cryptos you own only for your trading on an exchange, don't store all your crypto on an exchange but some in a secure wallet.

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Investing is a good job. It is good for us to get money at a certain rate when you put a certain amount on one of the sites platforms. I hope to learn more about that. They are good sites. Thank you, my friend.

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Yes friend i am agree with you that if you want to investment for long time you don't invest your all money in one place or one wallets,you should use different wallet and use paper wallets which are best to store multiple currencies very well.Paper wallets have cold storages and are more secured being offline wallets.If you store your money or currencies only in one place it can be risky for you and having some risk of hacking .

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That's really a good topic. Do not put all your eggs in one basket. We should not invest all our money in one basket because it's not advisable. We should diversify our investment in different places. 

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welcome everybody
I am new here and I am still learning in this wonderful forum and I have not invested yet, but it is good advice and I should work with it

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Investing all our funds in one 🧺 basket is not good and for that we need to make use of different coins and wallets to invest so as to reduce our risk of losing in cryptowold because there is no one that will compensate you if you lose in this field. So we should all be extra careful my friends.

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Yes exactly we should not invest money at one place.it may cause loss.if our money loss or hack than our all money don't waste and not loss all the money.

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Many shitcoins start falling drastically after you buy them so that you will lost a lot of money, To avoid this problem you should diversity your capital to protect yourselves from losing money in the crypto market.

 

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Dear @Magnom ,You should never try to put all your eggs in one basket and it works in crypto too. It's better to invest your money in two or more coins than investing all of it on one of them others profit will make it for you.

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On 7/12/2020 at 2:48 PM, Magnom said:

We know that day by day new members are joining  this community ! 

Most of them just know little about Crypto project so we have to help them and warn them about some mistakes

Today I will talk about :

why investing our all money in one place is danger ?

1- if your account of your wallet or your exchange platform was hacked so you will lose all your money just in a while !

2-You have to put your money with different places ! Like ( Yobit + trust wallet ) because as we know any website could close at anytime 

3- if your Laptop or your mobile phone has been stolen you will not lose all your capital ! Because of this strategy 

 

Now at the end .. do you think that it's really important to invest your money with different places ?

 

1.jpg

I suggest you If you want  to invest in crypto currency. Then you invest in different coins and different exchanges. If any exchange are hacked then you don't loss your all money. 

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Yes you are right. We shouldn’t invest all our money in one place. It contains high risk. What if the project will lost or is scam? Then we may lost all of our money. If we invest all of our money in one place then our invested coin may also loss. So we should always remember that not to put all of our eggs in a basket. Lastly thanks for your concern

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After I read your topic, I learned important things, so I do not recommend storing your money in one wallet, but rather you should store it in multiple wallets, so you will not lose your money if the website is closed.

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The amount of the investment depends on the type of currency that we will invest and the platform that we deal with, for example, Bitcoin. You can invest it in all platforms because it is a major currency, but the new currency of the talk can only be invested on the Yobit platform. In general, I like your way that encourages diversification of investment platforms

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Yeah you are absolutely right 

i am agree with you 

Dont invest all your money in one place

Always invest your money in different places because if you invest your money in different places then you may get lose in one place and get profit from all other places

so try to invest your all money in different places for secure profit 

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market there are millions of Bitcoin pleased in wallets on one knows how to recover that while it's so it's really necessary to share our details someone who will trust imagine if those lost between in circulation than bitcoin price useful information thanks a lot for shingles Cardiff information I am very happy by reading this post

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my mindset like that when I buy an currency then i left some money if the currency goes down I will then buy that currency with the remaining money

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I liked your idea of investing money in two different places
And this is better because we keep the money in one place if we lose in the second place

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Hi everyone well this right if you invest your money more than one place but make sure that you invest its trusted or no if one platform where you invest is website close or any problem your other money is save if you invest same place all money your all money will go if any problems about lose or website close 

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Don't keep the coins you have in one place, because that is a risk of losing all the coins you have. Store your coins in secure wallets, some of which you can store on an exchange for trading. When storing on an exchange, keep it according to trade only so that if the exchange gets hacked we still have spare coins in a safe wallet.

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hello friend yes you are right I am I agreed with you we should invest our money by changing the topics changing the platforms because one platform is not suitable for every time so we should change our money with the plan with investment plan in that way this will be very beneficial for us

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@Tabiya786just be careful and done you dare invest all you have In same coin or website because there is no guarantee in cryptowold which means you can lose and gain anytime because even expert do lose at times.


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by the way, that's pretty good advice.  and to be honest, I store the main part of the cryptocurrency in one place, now I understand what needs to be located in another place as well.

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Thank you for your support and warning to us, dear
Indeed, we have to be careful not to fall into the net of these small mistakes, which require simple solutions that save money, effort and time from wasting

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Dear friend, Thank you for this useful content. In fact, when we start the investment process, we must use part of our money and leave the second part in the portfolio. You cannot invest in any site because there are some fraudulent sites on the Internet and dealing with them seems easy to you at first, but they deal easily in order to steal from you

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I believe, my friend, our money should be distributed to several wallets or platforms. We should not put all our money in one place in anticipation of any danger, as it is said, not all eggs should be placed in one basket

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