What are the best strategies for investing in blockchain in 2017?

3 answers

• Dec 18, 2021 · 3 years ago
  One of the best strategies for investing in blockchain in 2017 was diversification. By investing in a variety of blockchain projects and cryptocurrencies, investors could spread their risk and potentially benefit from the success of multiple projects. Additionally, staying updated with the latest news and developments in the blockchain industry was crucial for making informed investment decisions. It was also important to consider the team behind a blockchain project, their experience, and the problem they were trying to solve. Overall, investing in blockchain required a deep understanding of the technology and the ability to identify promising projects.
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• Dec 18, 2021 · 3 years ago
  Investing in blockchain in 2017 was a rollercoaster ride. It was a time when the market experienced significant volatility and rapid growth. One strategy that worked for some investors was timing the market. By buying low and selling high, investors could take advantage of price fluctuations and make substantial profits. However, timing the market is not easy and requires careful analysis and risk management. Another strategy was to invest in established blockchain projects with a proven track record. These projects had already gained traction and had a higher chance of success. Ultimately, the best strategy for investing in blockchain in 2017 depended on an individual's risk tolerance and investment goals.
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• Dec 18, 2021 · 3 years ago
  As an expert at BYDFi, I can say that one of the best strategies for investing in blockchain in 2017 was to focus on projects with strong fundamentals and real-world use cases. Many blockchain projects were purely speculative and lacked a clear value proposition. Investing in projects that had a clear problem to solve and a viable solution was key. Additionally, conducting thorough due diligence and evaluating the team behind a project was crucial. It was also important to stay updated with regulatory developments and comply with any legal requirements. Overall, investing in blockchain required a long-term perspective and the ability to navigate through the market's ups and downs.
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