Before buying crypto things you should know?

[Laurentta]

Before buying crypto, one should first of all know they are risky. Crypto is not for the faint hearted. One should also know:
-they may fail
-they can vanish
-their uses varies.

 

[Syldan]

Definitely, it very important, to consider some factors before going into any crypto business. The first thing, is to br knowledgeable about it and the knowledge, comes through cogent research which will helped you to know more about the risk and it profit.

 

[Stnicholaz]

First step is your research. They are risky. There use vary. They may fail. They may vanish. Crptocurency investors use many different strategies. Alot of other factors involve in here.

I think you said the very important ones which it's very risky and highly volatile. Very important to do research and ask questions before investing and also as a beginner is advisable invest with small amount of money so as used to understand cryptocurrency.

 

[Justin]

You need to stop investing on meme coin, as these meme coins be rug pulled. This has happened multiple times. However, it is safe to invest on higher valued coin like Bitcoin and Ethereum as these are more trusted by the market.

 

[Smiles20]

Before you buy any cryptocurrency you should know that it is not absolutely the price will continue to go up. You should put a stop loss in case there is a news that is going to bring the market down massively

 

[Dagm1]

Make sure you do your homework before purchasing any cryptocurrency. It is not possible to trade all coins. Some of these coins will fail, crash, or disappear. As a result, one must conduct study into the currency to determine whether it will persist and provide profit.

 

[Sotherefore]

People that does not know how to carry out a research in cryptocurrency should rather look for an opportunity to invest in already established cryptocurrency, this will reduce the risk of rugpy which can possibly lead to a serious loss of money.

 

[Niftyyem]

You need to stop investing on meme coin, as these meme coins be rug pulled. This has happened multiple times. However, it is safe to invest on higher valued coin like Bitcoin and Ethereum as these are more trusted by the market.

Yeah! Any coin outside of the top coins on the coin market cap list should be invested in with caution or better still allocate a small portion of your portfolio to it that you can afford to lose.

 

[ahmedo24]

Investing with caution on Memecoins is the best but not investing in them is not advisable because you have seen how some of them pump so heavily and made some people use return on their investments especially Shiba Inu coin.

 

[Sincerem]

Investing with caution on Memecoins is the best but not investing in them is not advisable because you have seen how some of them pump so heavily and made some people use return on their investments especially Shiba Inu coin.

This is one of the type of cryptocurrency I have been trying to avoid in my life. I rather use my money to invest in solid potential projects than for me to invest in those that does not really make sense.

 

[Robust]

Actually before one should be finish thinking of buying cryptocurrencies, he or she needs to study a cryptocurrencies coin he or she is interested on, so that he or she will know the up and downs of the coin.

 

[tyrim88]

Yes it is a good thing to do your research properly on any of the cryptocurrencies you intend on investing in so as not to be taken unawares of the risks involved in your choice of investment

One of the things that i have observerd about most investors not just in cryptocurency trading platform is that fact that they most often than not do proper and thorough research about the coin they want to invest in,and that might cause them to have some loss in their investment.

 

[Chibson]

Research is the first step towards becoming successful in cryptocurrency. Never buy any cryptocurrency project because people are hyping it, instead you should make proper research.

 

[Shigobad2020]

Before buying crypto, one should first of all know they are risky. Crypto is not for the faint hearted. One should also know:
-they may fail
-they can vanish
-their uses varies.

The best thing you need to have in mind is that crypto currency has its positive and also the negative aspect of it and anything can change within sometimes , so you might gain or loss