How to avoid losses when investing in crypto currency

[Syldan]

Actually many people can say, there are several ways yo which an investor can avoid losses but apparently anyone who invested without knowledge about the business then he is definitely down for failure. knowledge is the based strategy to avoid failure.

 

[Good-Person]

Its all depends on your personal interest . it seems a lot of people are very much interested to use binance to carry out any of their cryptocurrency transaction and investment . I also choose to use it most of the time. Which exchanges is that you are using.

Well, what I like about Binance is the fact that it offers many different kind of trading options that are not offered by many other exchanges. You can stake coins and receive payments through Binance pay as well.

 

[Sincerem]

Well, what I like about Binance is the fact that it offers many different kind of trading options that are not offered by many other exchanges. You can stake coins and receive payments through Binance pay as well.

The binance app is really complicated and at the same time more advance. Well I don't know but I haven't seen any cryptocurrency exchanges that is more advanced like binance . Maybe there are others like this may be on different region that we can't have access to.

 

[Sotherefore]

The only way losses can be 100-percent avoided in cryptocurrency is just to choose and follow trusted expert. You must at the same time learn on and follow up every strategy needed to carry out a successful trade and Investment. You may not be hundred percent free from losing but at least you will always make profit.

 

[Good-Person]

The binance app is really complicated and at the same time more advance. Well I don't know but I haven't seen any cryptocurrency exchanges that is more advanced like binance . Maybe there are others like this may be on different region that we can't have access to.

Yes, Binance is a complex app, especially the trading section of the app is quite complex as well. It is usually used by expert traders who have much experience working at such kind of platforms.

 

[FishNPips]

I don't think you can guarantee that you won't lose money but so long as what you invest is risk capital it ensures that you aren't emotionally attached to that money and also that nothing is riding on it.

 

[Sincerem]

Yes, Binance is a complex app, especially the trading section of the app is quite complex as well. It is usually used by expert traders who have much experience working at such kind of platforms.

I can use the platform and I can navigate through it, just that it has a lot of system to monitor you to make sure that you do not use the platform to abuse anyone or try to scam. I also like how their P2P system is being arranged.

 

[Honny143]

Avoid loss in crypto there is not a one thing to describe in this post, there so many things factor to loss, so in my opinion first learn crypto knowledge properly then enter in crypto field, knowledge is the only weapon in crypto who helps to get in at any conditions.

 

[Popular]

Best thing I guess you should consider is the top cryptocurrency that has a higher number of people investing on and also doing research about top investors experience.

 

[Bousine123]

We can avoid loses when investing on crypto by being very careful with the kind of people we do business with, by verifying if the site is Legit or not, and by hearing from those who once used the site to invest.

 

[Setho]

Risk management is perhaps the most important thing whenever you are trading cryptocurrencies. If you didn't have a definite reason why you are entering a trade and when you are going to take profit.

 

[Chibson]

Some of the only way you can avoid losses while investing in cryptocurrency is to be an active member online searching and checking for update and also be committed in acquiring cryptocurrencies knowledge.

This is very true and important. Fundamental analysis is very important if you really want to become successful in cryptocurrency. A single news can actually bring down the whole cryptocurrency market and if you are an active person you will know when to take out your money.

 

[joy101]

Avoiding losses is important because you have to try as much as possible to get the necessary knowledge first. This is the most effective way to avoid losing your money.

There is no way one cannot lose when it comes business, but what is really is that you should try to understand the kind of business that you really want to go into, because is very important to have a good business planning before thinking of going into business to avoid losing.

 

[Good-Person]

I can use the platform and I can navigate through it, just that it has a lot of system to monitor you to make sure that you do not use the platform to abuse anyone or try to scam. I also like how their P2P system is being arranged.

Yes, it is a great platform. However, I am also considering other kinds of platforms where I could start trading and staking cryptocurrencies. Do you use Binance only?

 

[Robust]

Some of the approaches while investing on cryptocurrencies is to be updated with information and also follow who has more experience than you for mentorship and others.

 

[Sincerem]

Yes, it is a great platform. However, I am also considering other kinds of platforms where I could start trading and staking cryptocurrencies. Do you use Binance only?

I used binance, bundle Africa, luno but binance seems to be my favourite cryptocurrency exchanges for now. I have not been able to get others . I still prefer to use binance most of the time.

 

[Syldan]

Actually losses in cryptocurrency trading can not be totally avoided though it can be controlled to some extent most especially when have the knowledge it takes and the appropriate application of strategies needed at the right time.

 

[Chibson]

The only way losses can be 100-percent avoided in cryptocurrency is just to choose and follow trusted expert. You must at the same time learn on and follow up every strategy needed to carry out a successful trade and Investment. You may not be hundred percent free from losing but at least you will always make profit.

Unfortunately, this is not completely through. Following experts will not guarantee you any kind of success in cryptocurrency. The best way is to learn it yourself and apply your own strategy.

 

[Sotherefore]

Unfortunately, this is not completely through. Following experts will not guarantee you any kind of success in cryptocurrency. The best way is to learn it yourself and apply your own strategy.

You cannot learn everything on your own , you will definitely need someone to guide you on how to get started. Even if you have to learn it from YouTube, it is still from expert

 

[Chibson]

You cannot learn everything on your own , you will definitely need someone to guide you on how to get started. Even if you have to learn it from YouTube, it is still from expert

When I say "learn it yourself" I don't mean you will teach yourself. Of course you have to learn from someone who is knowledgeable and from there you can apply your own strategy.