Knowing the type of investor you are could make you better informed about which factors to consider when investing in an ICO. Here’s our quick rundown of the most common investor profiles in the cryptocurrency space…and some advice for each.
Novices are newcomers to the cryptocurrency world. They tend to be a bit naive, lacking specific knowledge and experience. If they are fortunate enough to make one or two successful initial investments, and market conditions are favorable to them, they get their hopes up. In contrast, if the crypto market experiences dramatic shifts, they tend to pull out hastily. This scenario recently happened in February, when bitcoin lost more than 66 percent of its value — a short-term trend accelerated by panic selling.
Best Advice: Be realistic, study up, and keep your investments minimal until you learn the ropes. Investing in cryptocurrency offers a tremendous upside, but not without significant risks. Past experience does not guarantee future results. Don’t risk more than you can afford to lose and don’t put all your eggs in one basket. Consider an investment in Professionally-managed cryptocurrency Mining Operations” MINER EDGE “as an alternative and a learning experience.
This type of investor tends to be more informed about the principles of how cryptocurrency markets behave. They are familiar with the inevitable downward and upward swings and react less emotionally to “Bear Market” scenarios. Thus, they could be called the “Stoics” of the crypto world. They make long-term investments and “HODL” their cryptocurrency, waiting for a good moment to cash out. Take bitcoin as an example. There will never be more than 21 million bitcoin in total. It’s expected that, as a result of increasing demand and limited supply, bitcoin prices will rise significantly over the long run.
“While no one is entirely sure how bitcoin and other cryptocurrencies will continue to spread to the larger financial world, it seems likely that a limited supply of the currency may cause prices to continue to increase.”
Best Advice: The HODLer’s strategy seems smart. Buy and wait until some future date. But how much time do you really have? Are you willing to wait a year? Two years? Three or more? As Crypto enters a turbulent period, those who bought in at higher prices may have to wait quite a while for the expected comeback. Is there no better way to get returns? Consider an investment in Professionally-managed cryptocurrency Mining Operations” MINER EDGE “ get monthly payouts on investments by sharing Mining rewards
This group of investors should be called the real players of the market. They are always engaged in the scrupulous observation of the smallest changes, predictions, and tendencies among different cryptocurrencies. When they track the opportunity to buy low and sell high, they take it like the hawk takes its prey. This type of investor is usually well-read, experienced, and not afraid of taking big risks.
Best Advice: Unless you’re a real pro, don’t assume that you can compete with these types. Their decisions move markets in ways that you may not understand, and even those with a great deal of knowledge and experience can end up with the short end of the stick. There are other ways to make money that don’t require being “on” 24/7. Consider an investment in Professionally-managed cryptocurrency Mining Operations ”MINER EDGE“ our professional team works for you 24x7
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