The Basics of Investments

[gunhell16]

Since we're in this crypto business, the long-term investment strategy we often consider involves doing DCA (Dollar-Cost Averaging) across various crypto coins, typically those in the top-listed altcoins, to minimize our risk as much as possible.

Though we all know that all crypto assets are volatile, just like Bitcoin. It’s just that altcoins tend to be significantly more volatile than Bitcoin because, as we know, Bitcoin has been proven
and tested over time which is why most investors consider it relatively more reliable in this space, right?

[SmartGold01]

Though we all know that all crypto assets are volatile, just like Bitcoin. It’s just that altcoins tend to be significantly more volatile than Bitcoin because, as we know, Bitcoin has been proven
and tested over time which is why most investors consider it relatively more reliable in this space, right?

Of course majority of investment today are channeled to Bitcoin investment than altcoin because they truly understood the volatility in those coin, and since they depends on Bitcoin to grow significantly. And whenever the price of Bitcoin goes South it surely affects those altcoin that are relying on Bitcoin to scale through, that is why majority of people do focused on accumulating Bitcoin than altcoin especially now that the price is not that favorable.

[abaeze]

I agree with what you said, we should study everything, both the risks and the research into an asset we want to invest in. Yes, by discussing with relatives or friends it will be easier to gain detailed experience, knowledge and insight. With this kind of approach or experience, we will be more confident and wise in choosing investments so that in the future we will not make wrong steps and also avoid traps or mistakes.

The main condition of investment is research because without knowing where and how to invest money, investing is like shooting in the dark. Many people invest money on the basis of "I heard it's good" or "that friend did it", this is the biggest mistake. In fact, if we don't do research, how will we understand which assets are really valuable, which are hype and where scams or traps are hidden. Therefore, research is essential before investing, especially research is essential in Bitcoin like risky asset.

[GeorgeJohn]

I agree with what you said, we should study everything, both the risks and the research into an asset we want to invest in. Yes, by discussing with relatives or friends it will be easier to gain detailed experience, knowledge and insight. With this kind of approach or experience, we will be more confident and wise in choosing investments so that in the future we will not make wrong steps and also avoid traps or mistakes.

The main condition of investment is research because without knowing where and how to invest money, investing is like shooting in the dark. Many people invest money on the basis of "I heard it's good" or "that friend did it", this is the biggest mistake. In fact, if we don't do research, how will we understand which assets are really valuable, which are hype and where scams or traps are hidden. Therefore, research is essential before investing, especially research is essential in Bitcoin like risky asset.

actually investment need investigation and you should understand as before someone should venture into any investment there are procedures to follow, which are researching, investigation and  market surveyor, these are the three keys that is important for way to understand first the nature of business that you want to invest on and without talking this three key things that I listed serious you're investment will not be a successful one, so we need to make a proper investigation before I invest in anything to avoid making a mistake

[boyptc]

actually investment need investigation and you should understand as before someone should venture into any investment there are procedures to follow, which are researching, investigation and  market surveyor, these are the three keys that is important for way to understand first the nature of business that you want to invest on and without talking this three key things that I listed serious you're investment will not be a successful one, so we need to make a proper investigation before I invest in anything to avoid making a mistake

That is the purpose of DYOR.

Before we invest, we have to know what's the actual investment is all about and if it's got the factors that we're looking for before we invest.

The mistake that many investors do today especially the new ones, the factor why they invest because their friends and other people have invested into it.

While this is also happening for bitcoin or we can put that into exception because it's a great investment that they can learn eventually after they do that.

But that mistake is they are bringing that up when they've done already it before they DYOR and ask others if they did the right thing.

[Shineup]

I agree with what you said, we should study everything, both the risks and the research into an asset we want to invest in. Yes, by discussing with relatives or friends it will be easier to gain detailed experience, knowledge and insight. With this kind of approach or experience, we will be more confident and wise in choosing investments so that in the future we will not make wrong steps and also avoid traps or mistakes.

The main condition of investment is research because without knowing where and how to invest money, investing is like shooting in the dark. Many people invest money on the basis of "I heard it's good" or "that friend did it", this is the biggest mistake. In fact, if we don't do research, how will we understand which assets are really valuable, which are hype and where scams or traps are hidden. Therefore, research is essential before investing, especially research is essential in Bitcoin like risky asset.

actually investment need investigation and you should understand as before someone should venture into any investment there are procedures to follow, which are researching, investigation and  market surveyor, these are the three keys that is important for way to understand first the nature of business that you want to invest on and without talking this three key things that I listed serious you're investment will not be a successful one, so we need to make a proper investigation before I invest in anything to avoid making a mistake

He who failed to plan, plan to fail. Every investment must come with planning no matter how small it can be, which must not be rigid but flexible to be adjusted as time progresses, making researches should be a continues process for updating system that will keep working in alignment to your expectations. One important thing about investment is giving it enough time for it to grow and reproduce which is one mistake some people makes.

[laspol65]

It is important to create a balance between building your theory and practice in investing. It can take years to develop consistent buying and strong cash flow management that gives you the ability to put your ideas into practice and argue. Those who practice consistently will be able to balance their strategies and competitive interests in a reasonable way, considering their personal budget, time, and constraints.

Many people are rational in planning their investments, because if you do not have a consistent income, you will not be able to keep your investments for a long time. For this, you need to increase the source of income where the income will be high, you will be able to sustain your investments for a long time and you will be able to invest regularly. I agree with your opinion where an investor is ready to create all kinds of activities. If he wants to survive for a long time without adopting a strategy, then there will be a high chance of failure, so it is best for the investor to maintain a plan and continuity of purchases.

[Fara Chan]

He who failed to plan, plan to fail. Every investment must come with planning no matter how small it can be, which must not be rigid but flexible to be adjusted as time progresses, making researches should be a continues process for updating system that will keep working in alignment to your expectations. One important thing about investment is giving it enough time for it to grow and reproduce which is one mistake some people makes.

Regarding time, I also agree more with your point that every investor should be willing to give their investments enough time to see the development and growth of their assets. Because some investors who are unable to give their investments enough time lack patience and a well-thought-out plan to manage their investments effectively. That's why we still find some people complaining about investing, even though there are many ways they can learn and practice to invest consistently and regularly without complaining.

[alankasman]

Many people are rational in planning their investments, because if you do not have a consistent income, you will not be able to keep your investments for a long time. For this, you need to increase the source of income where the income will be high, you will be able to sustain your investments for a long time and you will be able to invest regularly. I agree with your opinion where an investor is ready to create all kinds of activities. If he wants to survive for a long time without adopting a strategy, then there will be a high chance of failure, so it is best for the investor to maintain a plan and continuity of purchases.

If the income is consistent, long-term investment issues are not a problem because all needs are met when needed. Many people have less income but want to join, that's fine, but don't invest yet because our daily income is simply not enough to cover such investments.

Regarding investors, of course they are ready with everything, both with strategies and with their readiness when anything happens, whether it is regarding failure or a lack of income, which may not all be fulfilled when they invest, which requires a long time, but for them, it is a normal thing that happens when there is a problem because they are big investors.

[imthegreat]

However, investing is not as simple as it is advertised on TV, or in banking apps, or as the authors of various investing books write about it.
After all, the essence of investing hasn't changed at all. Despite the emergence of a multitude of investment tools, such as options, leveraged trading, and more, it's still a very dangerous phenomenon. Just as it was possible to lose money doing this 50 years ago, today, such withdrawals remain very dangerous for an investor's wallet. It's easy to end up completely broke if an investor doesn't understand what they're doing and doesn't devote all their time and energy to this hobby.

[SOKO-DEKE]

1. Understand the Business You’re Investing In
Be its anything, coins, forex, real estate, etc. Always ensure you have satisfied yourself by making a proper research and understanding of the proposed investment in question.
I’ve not just heard stories, I’ve seen it with my own eyes. Someone bought a Keke (tricycle) and gave it out for hire, hoping to get returns weekly or monthly depending on his agreement with the rider.
But guess what? It was problem after problem. One day it was the crankshaft, the next day it was "local government wahala."
It even led to an arrest and things got messy just because someone wants to reap the fruit of another persons labor
Now I’m not saying Keke business is bad, but you need to understand how it works so you don’t end up stressed and frustrated.

2. Investment Is Not a Get-Rich-Quick Scheme
If you’re thinking investments will blow overnight and make you millions instantly, you're likely walking into a trap. Real investing takes time. The legit kind is long term and is meant to bring in steady income over time unless of course, you’re looking for Ponzi (which I don’t advise at all).

There are many points you mentioned, but this two caught my attention the most because it is one of the main reasons some people fail in their investment. Especially in the crypto industry, some people come into the space without having any proper knowledge, yet they want to invest because others are saying they are making money from crypto. They get introduced to the crypto industry and then go ahead and invest in the wrong coin because they do not understand cryptocurrency.

So, it is very important for someone to first understand the kind of investment he or she go into, They should not just invest blindly, because the investment will surely fail easily. This lack of understanding of cryptocurrency is what makes some people develop the mindset of getting rich quickly from crypto investment which a very wrong approach.

[Inwestour]

That is the purpose of DYOR.

Before we invest, we have to know what's the actual investment is all about and if it's got the factors that we're looking for before we invest.

The mistake that many investors do today especially the new ones, the factor why they invest because their friends and other people have invested into it.

While this is also happening for bitcoin or we can put that into exception because it's a great investment that they can learn eventually after they do that.

But that mistake is they are bringing that up when they've done already it before they DYOR and ask others if they did the right thing.

People are like that, they usually repeat the same things their environment does. But I think the biggest mistake beginner investors make is not that they try to copy someone. Because if one of their friends buys bitcoin and they also start doing it, that is good. The biggest problem is that beginner investors start selling too early. For example, if they buy now, I assume that bitcoin will continue to fall in 2026, and they might sell at a loss because of fear. So I think this might be their main mistake.

[Solodoski]

I think before making any investment, you need to understand the kind of investment you are making, be it forex, real estate or even a business. I picked on this point because I think it very important before making any investment. Some people make investment based on the trend, not even having an idea on what they are investing in, which in my opinion is where you begin to fail in such investment.
It's also important to know that an investment is not a get Rick quick scheme as you have stated already. I believe if it's too good to be true, then it's a lie. Some people want to make an investment today and start making all the billions the next they, which I think it's a wrong perspective.  Investment takes time and you need to be patient to nature it and watch it grow, before you begin to see the dividend.

[Queen uloma]

One constant thing about life is change. People evolve, and everyone wants to make life better for themselves and their loved ones. To make life merrier, finances play a major role, which is why financial education is very important.

These days, so many people are in a hurry to make money. It’s not just about greed, the crippling economy and peer pressure has also contributed to this rush in life.

A lot of people stumble upon the idea of "investment" without taking time to understand the basics, and this often leads to pain and regret.
Now, while I’m not a financial adviser or expert, I’d still like to share my own basic understanding of investing to help guide anyone looking to invest especially in crypto, real estate, or any other investment space in general.

Below are a few important points to take note of:

1. Understand the Business You’re Investing In
Be its anything, coins, forex, real estate, etc. Always ensure you have satisfied yourself by making a proper research and understanding of the proposed investment in question.
I’ve not just heard stories, I’ve seen it with my own eyes. Someone bought a Keke (tricycle) and gave it out for hire, hoping to get returns weekly or monthly depending on his agreement with the rider.
But guess what? It was problem after problem. One day it was the crankshaft, the next day it was "local government wahala."
It even led to an arrest and things got messy just because someone wants to reap the fruit of another persons labor
Now I’m not saying Keke business is bad, but you need to understand how it works so you don’t end up stressed and frustrated.

2. Investment Is Not a Get-Rich-Quick Scheme
If you’re thinking investments will blow overnight and make you millions instantly, you're likely walking into a trap. Real investing takes time. The legit kind is long term and is meant to bring in steady income over time unless of course, you’re looking for Ponzi (which I don’t advise at all).

3. Don’t Invest All Your Money
Always make sure you have some cash flow on hand. Life is unpredictable. Emergencies happen. Never put all your money into an investment, no matter how "sure" it seems.

4. No Investment, No Reward
As simple as this sounds, it needs to be said. Some people expect major blessings or financial breakthroughs in life, but they’ve never invested in anything. If you don’t plant a seed, don’t expect a harvest.

5. Higher Risk Means Higher Reward (and Higher Failure)
Yes, the bigger the risk, the bigger the reward can be but the bigger the failure can be too. Especially in areas like crypto, you are not guaranteed 100% success, no matter what anyone tells you.

6. You Can Lose It All
You may have genuine intentions and a good heart, but that doesn’t stop life from happening. Timing, market crashes, bad seasons they happen. Be ready for it, and don’t take it personally when things don’t go your way.

7. Know When to Withdraw
Investing isn’t just about putting money in it’s also about knowing when to take your profit. Don’t get greedy. Learn to cash out wisely and enjoy the fruits of your investment.

Final Note:
At the end of the day, investing is a journey. It comes with risks, rewards, lessons, and sometimes losses. Just make sure you’re informed and intentional. That way, whether it works out or not, you’ll know you moved smart.

You are totally correct, many people don't have clear understanding before investing in the business they want to do, which they may likely be affected in the future, I could remember years back when a friend of mine told me to invest in an online business, which she said the total money was 3,000 naria, that after 3 months I'll get 30,000 naira, which I was happy at first, when I thought about it I reason that how is it possible to get that kind of return,  that was when I said to myself that I won't invest because it's not legit, so having a clear understanding is very important before investing in any business or online trading, secondly always know that there are risk, and it will surely happen, so when you make up your mind to face risk you also get a good reward in return.