How to avoid losses when investing in crypto currency

[Syldan]

Actually risk and loss in cryptocurrency is inevitable though it can be controlled and managed and the only way to manage this risk in crypto is to acquire knowledge that will helped you know when to invest, how to etc.

 

[Monster Masterpiece]

There is one crucial step is to make an account at Coinbase or Coinpayments or Cryptopay this is because in the past you could have one error digit when sending exact amount from an external wallet or Coinbase itself that let you lose a fortune but if you decide to pay from your account you avoid such loses.

 

[Ononivami]

The best way to avoid loses is to analyze the market properly inorder to choose the best coin to invest on . The most important thing right now is to look for the digital currency with lots of potentials.

 

[Monster Masterpiece]

The best way to avoid loses is to analyze the market properly inorder to choose the best coin to invest on . The most important thing right now is to look for the digital currency with lots of potentials.

You have to look around the crypto history and potential buyer or sellers review for such coin and then you will make a decision behind all these analytics to buy or to sell.

 

[joy101]

How one can avoid losses when investing in cryptocurrency, you have to understand the investment before going into it, and also to know when you should invest and also when you suppose to invest you need to take your time to learn in order to avoid losses.

 

[Ononivami]

You have to look around the crypto history and potential buyer or sellers review for such coin and then you will make a decision behind all these analytics to buy or to sell.

That's a very good information. How do I get reviews of the coin. I know that one can't get it via the trust pilot as we use get the information on websites. How do I get the information on the coin.

 

[Bookwormlux]

Avoiding losses is done by making sure you are not investing money that would go a long way in affecting your finances. Just make sure you are investing money that you can afford to lose easily.

 

[Syldan]

Actually lost in cryptocurrency investment is highly inevitable and it can not actually be avoided but can only be controlled through the knowledge you have on the investment platforms.

 

[Shigobad2020]

There are many things that are inevitable in cryptocurrency business , and one of it is its volatility that makes the crypto currency coin fluctuates which we must be careful about

 

[James]

Crypto is always risky investments and price can be fall down or goes up by 100% so it always be play with some risk and set automatic alerts and sales data so once that price hit coins can be sold without you being active. I always do this.

 

[Syldan]

I think loss in cryptocurrency investment or trading is always inevitable it can only be control but cannot be totally eradicated. the best think you need to do is to have the knowledge first before investing.

 

[Lens]

The best way to avoid losses in cryptocurrency is to have to record mileage from the day you must make sure that you follow preset rules that is involved.

 

[GoldenLady]

The first rule when it comes to investing in financial markets is to practice risk management. Sadly, I only learnt that the hard way as most people who come into cryptocurrency do. I've lost about 90% of my portfolio buying the dip which just becomes deeper.

The final straw was the recent Luna crash. My advice would be to stick to Bitcoin and Ethereum with majority of your portfolio, and a negligible amount in other coins.

 

[Sotherefore]

I don't think there is hundred percent way of preventing loss in cryptocurrency , but the most important thing you just have to do is to make sure you research on the cryptocurrency you are investing as that is just the only way that could help you. cryptocurrency generally is risky.

 

[Lens]

One of the best ways to avoid losses in cryptocurrency investment is by studying the digital currency that you want to invest on. You must ensure that the particular digital currency is a very promising assets.

 

[Chibson]

The cryptocurrency market is very unpredictable and people can actually make losses from time to time but your ability to be in profit even when you are losing his what really matters.

When you are investing in cryptocurrency you should not be greedy because greeed can make you lose your profit. I always advise people to start taking profit when the cryptocurrency they invest on is about 40% increase.

 

[Gandiba]

Avoiding losses in cryptocurrency is best done by making sure you spend so much time researching on what is happening in the market so that you don't go about trading blindly.

 

[Sincerem]

Cryptocurrency generally is subjected to extreme volatility. Apart from investors who are looking at long-term perspective avoiding loses in cryptocurrency as a trader may be almost impossible. But as a professional your winning will always be greater.

 

[Setho]

Making losses in cryptocurrency is something that is almost inevitable but you can be able to reduce the way in which it happens by applying the right risk management skills.

 

[Sotherefore]

Investors do not lose much in cryptocurrency like traders , except you are an investor that is fun of investing in Bad coins. The only way to stop this is to only sell your cryptocurrency whenever you are on profit and do not sell on loss.