Some rules to invest in cryptocurrency

[Ashu]

Nobody knows where the market is going, simply follow the news, set alerts, and cross your fingers if you're holding. Asking advice can be harmful. There are trolls who aim to manipulate the community for their own benefit.


Use a cold offline wallet to store your coins safely. Technology is prone to faults and failure, especially applications. Simply google different cold wallets and be sure to ask others if they're legit and find reviews. Exchanges are NOT safe. Period.


Coinbase is your best bet in terms of online wallets if you're set on keeping them online, but it is risky, and you're limited to BTC, ETH, and LTC.


BE PATIENT. It takes a little time to verify your identity and money to go through on Coinbase and other exchanges. We all have to do it. When buying, Checking Account = 5-7 days. Debit/Credit = Instantly.


Don't overthink dips. Too many times have I seen people absolutely panic when it drops a small percentage after rising at a massive percentage. It's not the end of the world and it's healthy for a market to act this way. Buy the dips if you're looking to buy more.


Buy bad news, sell good news if you're day trading. If bad news is coming, there will likely be a dip. If good news is coming, there will likely be a rise. This varies though, and is as tricky as day trading. Use your intuition and follow your coin news.

What's your take on this?

 

[Kayzzy3]

Nobody knows where the market is going, simply follow the news, set alerts, and cross your fingers if you're holding. Asking advice can be harmful. There are trolls who aim to manipulate the community for their own benefit.


Use a cold offline wallet to store your coins safely. Technology is prone to faults and failure, especially applications. Simply google different cold wallets and be sure to ask others if they're legit and find reviews. Exchanges are NOT safe. Period.


Coinbase is your best bet in terms of online wallets if you're set on keeping them online, but it is risky, and you're limited to BTC, ETH, and LTC.


BE PATIENT. It takes a little time to verify your identity and money to go through on Coinbase and other exchanges. We all have to do it. When buying, Checking Account = 5-7 days. Debit/Credit = Instantly.


Don't overthink dips. Too many times have I seen people absolutely panic when it drops a small percentage after rising at a massive percentage. It's not the end of the world and it's healthy for a market to act this way. Buy the dips if you're looking to buy more.


Buy bad news, sell good news if you're day trading. If bad news is coming, there will likely be a dip. If good news is coming, there will likely be a rise. This varies though, and is as tricky as day trading. Use your intuition and follow your coin news.

What's your take on this?

Very true you just have most of the rules in a nutshell, and beautifully too.

About Coinbase, as at yesterday I can't access my account due to 2FA, the phone number attached to it isn't receiving sms, I don't know why, I have tried changing the number to no avail, I'm very not happy now.

 

[IamDozzy]

This is very true I am always impatient when it comes to cryptocurrency though I am working on it. I always panic anytime there is a little dip in cryptocurrency price and I hurriedly sell only for it to rise again. This tips are very helpful and I will try and apply them as I move for this year. Already Bitcoin is already surging higher.

 

[Shivay]

You have to check many things while dealing with the cryptocurrencies , while buying the coin , holding it and till selling it . You have to be alert everytime and not panic , just take it normally and trade with cryptocurrencies and withdraw profit.

 

[Seun4luv]

Crypto currency are volatile. The value of cryptocurrency goes through extreme ups and downs. There are lots of unknowns. Crypto currency can be used for fraudulent activity. Crypto currency have an unproven rate of return.

 

[Trojan8]

Trading on cryptocurrency goes beyond buying a micro coin and then holding. You hold with the mindset that it booms and then you make profit. It is not always like that because things can easily go south and then you start regretting. Cryptocurrencies also involve a lot of technical analysis and some insights on how news affects the market.

 

[Prettybabe]

Everything you said is very true. I don't even have much to add again. But you see this panicking has made people to loose much in this game. But I don't blame anyone... Nobody wants to lose.

 

[Olubayo12]

Nobody knows where the market is going, simply follow the news, set alerts, and cross your fingers if you're holding. Asking advice can be harmful. There are trolls who aim to manipulate the community for their own benefit.


Use a cold offline wallet to store your coins safely. Technology is prone to faults and failure, especially applications. Simply google different cold wallets and be sure to ask others if they're legit and find reviews. Exchanges are NOT safe. Period.


Coinbase is your best bet in terms of online wallets if you're set on keeping them online, but it is risky, and you're limited to BTC, ETH, and LTC.


BE PATIENT. It takes a little time to verify your identity and money to go through on Coinbase and other exchanges. We all have to do it. When buying, Checking Account = 5-7 days. Debit/Credit = Instantly.


Don't overthink dips. Too many times have I seen people absolutely panic when it drops a small percentage after rising at a massive percentage. It's not the end of the world and it's healthy for a market to act this way. Buy the dips if you're looking to buy more.


Buy bad news, sell good news if you're day trading. If bad news is coming, there will likely be a dip. If good news is coming, there will likely be a rise. This varies though, and is as tricky as day trading. Use your intuition and follow your coin news.

What's your take on this?

The rules are good as you posted them up there. Additionally, what I will say is that you have to be patient as said above, also develop a shock absorber against all odds.. the fact is you can lose your entire savings to cryptocurrency investment if care is not taken. So be prepared for the challenges ahead

 

[Shahzaib37]

Nobody knows where the market is going, simply follow the news, set alerts, and cross your fingers if you're holding. Asking advice can be harmful. There are trolls who aim to manipulate the community for their own benefit.


Use a cold offline wallet to store your coins safely. Technology is prone to faults and failure, especially applications. Simply google different cold wallets and be sure to ask others if they're legit and find reviews. Exchanges are NOT safe. Period.


Coinbase is your best bet in terms of online wallets if you're set on keeping them online, but it is risky, and you're limited to BTC, ETH, and LTC.


BE PATIENT. It takes a little time to verify your identity and money to go through on Coinbase and other exchanges. We all have to do it. When buying, Checking Account = 5-7 days. Debit/Credit = Instantly.


Don't overthink dips. Too many times have I seen people absolutely panic when it drops a small percentage after rising at a massive percentage. It's not the end of the world and it's healthy for a market to act this way. Buy the dips if you're looking to buy more.


Buy bad news, sell good news if you're day trading. If bad news is coming, there will likely be a dip. If good news is coming, there will likely be a rise. This varies though, and is as tricky as day trading. Use your intuition and follow your coin news.

What's your take on this?

It is very dood to invest in a business for buying bitcoin bey have some to know what is the rate if bitcoin ho we can get more beneficial fot getting money and get more profit from it and check prices on daily basis.

 

[idhans]

Nobody knows where the market is going, simply follow the news, set alerts, and cross your fingers if you're holding. Asking advice can be harmful. There are trolls who aim to manipulate the community for their own benefit.


Use a cold offline wallet to store your coins safely. Technology is prone to faults and failure, especially applications. Simply google different cold wallets and be sure to ask others if they're legit and find reviews. Exchanges are NOT safe. Period.


Coinbase is your best bet in terms of online wallets if you're set on keeping them online, but it is risky, and you're limited to BTC, ETH, and LTC.


BE PATIENT. It takes a little time to verify your identity and money to go through on Coinbase and other exchanges. We all have to do it. When buying, Checking Account = 5-7 days. Debit/Credit = Instantly.


Don't overthink dips. Too many times have I seen people absolutely panic when it drops a small percentage after rising at a massive percentage. It's not the end of the world and it's healthy for a market to act this way. Buy the dips if you're looking to buy more.


Buy bad news, sell good news if you're day trading. If bad news is coming, there will likely be a dip. If good news is coming, there will likely be a rise. This varies though, and is as tricky as day trading. Use your intuition and follow your coin news.

What's your take on this?

You've done a very good job in your write-up and I really love you article.some mistakes can be avoided if people should follow this roles. Some people make the mistake of buying cryptocurrency when the price is going up and when the volatility is higher. That is very bad move

 

[Ralphjoe]

For you to have a successful investment into cryptocurrencies, you have to always follow trends, be aware of what's going on in the financial sector. When you have investment in cryptocurrency, never you sell off your currency at a loss, chances are that that Cryptocurrency must rise again for you to sell your Cryptocurrency at a profit.

 

[Mahnoor]

By contrast, financial literacy is extremely low, and many people lack a basic understanding of financial management. A record number of people have accumulated a record level of debt. What are some simple rules of financial management we should follow?

Financial analysts claim it’s not so simple. Financial investments are inherently complex, and simple rules beyond “don’t put all your eggs in the same basket” directive are hard to come by.

 

[KvngMurphy]

*Only Ever Invest in Coins You Believe In:-
So I will recommend you only invest in the coins you believe in because that will make you a more confident investor and if the market dips, you will still have a solid portfolio of investments.
I’ve actually listed 5 of the cryptocurrencies I truly believe in and the reasons why but it’s really important to do your own research too.

*Never Invest More Than You’re Willing to Lose:- Whether it’s the cryptocurrency market, stocks or even Forex, you should never invest more than you’re willing to lose. It’s the classic golden rule of any investment. When the market is booming, it’s seductively easy to over invest. Make sure you stay disciplined and stick to your budget.

*Diversify Your Portfolio:- Never put all your eggs in one basket! Diversifying helps you spread your portfolio across several different markets, therefore reducing your overall risk. This means that if one market dips, your overall portfolio won’t crash completely.

 

[Nurudeen]

One of the major rules I follow while investing in the crypto currency exchange Business is that I always study the chart of each coin i want to buy to know and make sure that I'm not buying the coin or the market at the top

 

[Emma Aneni]

Never Invest More Than You’re Willing to Lose:- Whether it’s the cryptocurrency market, stocks or even Forex, you should never invest more than you’re willing to lose. It’s the classic golden rule of any investment. When the market is booming, it’s seductively easy to over invest. Make sure you stay disciplined and stick to your budget.

 

[Victor001]

Data analysis and confirmation is important, try to understand the movement of the market, do not rush to take trades, always abide by daily principles of buy low sell high. Before running a trade, do some back check in different timeframe to give proper data representation.

 

[Zakir5051]

Nobody knows where the market is going, simply follow the news, set alerts, and cross your fingers if you're holding. Asking advice can be harmful. There are trolls who aim to manipulate the community for their own benefit.


Use a cold offline wallet to store your coins safely. Technology is prone to faults and failure, especially applications. Simply google different cold wallets and be sure to ask others if they're legit and find reviews. Exchanges are NOT safe. Period.


Coinbase is your best bet in terms of online wallets if you're set on keeping them online, but it is risky, and you're limited to BTC, ETH, and LTC.


BE PATIENT. It takes a little time to verify your identity and money to go through on Coinbase and other exchanges. We all have to do it. When buying, Checking Account = 5-7 days. Debit/Credit = Instantly.


Don't overthink dips. Too many times have I seen people absolutely panic when it drops a small percentage after rising at a massive percentage. It's not the end of the world and it's healthy for a market to act this way. Buy the dips if you're looking to buy more.


Buy bad news, sell good news if you're day trading. If bad news is coming, there will likely be a dip. If good news is coming, there will likely be a rise. This varies though, and is as tricky as day trading. Use your intuition and follow your coin news.

What's your take on this?

You have said it all, Crypto currency is a nice investment thought, but RISKY, patient and lack of greediness is the key to success in crypto market.

 

[Kelly5]

In the cryptocurrency world, coins fluctuates much more faster than the traditional forex trading situations. You should always keep that in mind. You see a Coin today at $40000, tomorrow it is at $24000 . If you have not much capital before the drop which was obviously sudden, you would be left with zero balance

 

[GoldenLady]

One thing noteworthy in what you said is being careful to avoid pump and dump coins.

This also extends to applying caution when faced with airdrops from less legitimate sites, especially on Telegram.

 

[Akinwale701]

Data analysis and confirmation is important, try to understand the movement of the market, do not rush to take trades, always abide by daily principles of buy low sell high. Before running a trade, do some back check in different timeframe to give proper data representation.

You are on point... some people do not make profits in cryptocurrency trading because they are fond of panic buying and panic selling. There are times a person needs to be calm down and not rush when dealing with cryptocurrency to avoid making losses.