Some rules to invest in cryptocurrency

[Ehizzy1]

This is true and i think its always best to buy dip because when the price increases to a very large amount you would really make a lot of profit from the increase ,this are some things i consider when buying and investing into crypto currency i think,and most especially if you are willing to make more profit and not loss i think
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This is true and i think its always best to buy dip because when the price increases to a very large amount you would really make a lot of profit from the increase ,this are some things i consider when buying and investing into crypto currency i think,and most especially if you are willing to make more profit and not loss i think

 

[katkat]

I don't know why I am skeptical in using cryptocurrency. But I am interested to learn more about it. I have read a lot about them but don't really understand quite well. Seems to me a very risky one to try. I hope it is worth to be on it for profit or earnings.

 

[Kiko]

Cryptocurrencies continue to remain a preferred mode of investment among small and large investors for several reasons. Bitcoin, the biggest crypto-currency can be brought to its one-millionth fraction, Satoshi that makes it popular among beginners and small investors looking to build wealth. Study Crypto-Currencies Well, before investing in cryptocurrencies, you need to know how they function. Unlike conventional fiat currency. Invest for Longer Terms, you can derive only by holding them longer.

 

[Husnainali]

Golden Rules for Investing in Cryptocurrency
You always invest in coins forever. ...
If you are ready to lose, never invest more. ...
Diversify your portfolio. ...
Stay up to date
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Golden Rules for Investing in Cryptocurrency
You always invest in coins forever. ...
If you are ready to lose, never invest more. ...
Diversify your portfolio. ...
Stay up to date

 

[Shahid]

So I’d recommend only ever investing 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.

 

[Irfanali]

8 Golden Rules for Investing in Cryptocurrency

You always invest in coins forever. ... If you are ready to lose, never invest more than that. ... diversify your portfolio ... stay up to date.

 

[Taimoor Jutt]

These are the basics of any trade or business either online or offline, i am agreef with you. You should keep patience, be calm, controlled person. Try not to greed sometimes, sometimes no rush, some time do not delay. Do not invest when you are too much excited or sad.

 

[Blessedsam60]

Wow! Nice one so interesting. You have notified us more on how to go about this business. Crytocurrency is a very lucrative investment as you might make 10 times your initial investment on it.
Thanks for the update once again.

 

[Goodday]

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?

For me, l think patience is necessary if you want to successfully in the Crypto community. Also, the type of wallet you are using should have good services for their users like allowing users to earn interest on their crypto, airdrops and if possible loans.

 

[Anas Chaudhary]

8 Golden Rules for Investing in Cryptocurrency
Only Ever Invest in Coins You Believe In.
Never Invest More Than You're Willing to Lose.
Diversify Your Portfolio.
Stay up to Date.
5. Analyze Your Mistakes
6. Learn as Much as you Can
7. Don’t Succumb to FOMO
8. Avoid Emotional Trading

 

[Bashir119]

You must invest such money in which you have no issue to lose and you tolerat losess.because in the starting all persons have to face some difficulties you got experiences with tha passage of time so you must utilize it and got every thing in good manners

 

[Gilead]

This is beautiful. Thanks for this really, you've made my day. Many really lack this knowledge and unfortunately lose it why trading in panic and dibs . I really hope that many will see this piece of information because it's a really great piece of information. Please keep up the good work.

 

[Nathaniel]

Do your research before adding cryptos to your portfolio.

Billionaire investor Paul Tudor Jones recently named bitcoin as his top bet for a hedge against post-pandemic inflation. Average investors likely don't know much about bitcoin – or any cryptocurrency for that matter – other than what they see in the news. Bitcoin, the first cryptocurrency, is a form of digital currency invented in 2009 by an anonymous founder using the pseudonym Satoshi Nakamoto. Cryptos aren't managed by a bank or public agency. Instead, transactions of cryptocurrency tokens are recorded on a public blockchain – comprised of digital information stored on a database. Their future remains uncertain. "Tokens or coins used in a decentralized network are not the same as shares in a company," says Michael Anderson, co-founder of Framework Ventures. "As such, growing and proliferating these networks requires new models for success, and we're still in the first inning of proving them out."

 

[Dubai]

It is good that you have listed these rules. It will be handy for those that want to join the crypto investments. Let add to the tips by saying that if you are a Nigerian go for the Luno wallet, the exchange rate is impressive. And never you be greedy in this investment.

 

[Waseem74]

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Golden Rules for Investing in Cryptocurrency

• Only Ever Invest in Coins You Believe In. ...
• Never Invest More Than You're Willing to Lose. ...
• Diversify Your Portfolio. ...
• Stay up to Date.

 

[Caali]

It basically means buying a crypto in one exchange and selling at another, at the same time, but for different prices. You can then physically deliver the crypto at the exchange where you sold the crypto. Alternatively, you can wait until the price is high at the exchange where it was low before (relative to the other), and then take the opposite trades.

 

[Alexandoy]

That is partially true as you said that nobody knows where the crypto market is going. But I have doubts on it because I suspect that there are greater forces that are manipulating the market prices. There is the whale that I have read who own big amount of crypto that when they sell the price will go down and when they buy the price will go up. With that indication it is already a foregone conclusion that the whales will be taking the lion's share and with us little investors would be the crumbs.

 

[Goodday]

Those investment rules stated above are some of the foundamental rules of crypto currency investment. L would also like to add that apart from the popular crypto currencies available, it's very serious you research more about a particular coin before choosing it for investment. Also do not ever try to invest what you cannot afford to lose because the market is too volatile and you lose some percentage or even all your investment funds.

 

[Akinwale701]

Thank you very much for this beautiful and wonderful post and how you have been able to teach us how to go about investing in cryptocurrency at little or no risks. thank you so much once again, I will be sure to follow everything here for better performance

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?

 

[Diamond07]

You're right. 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. But when it comes to cryptocurrency, this is easier said than done!
When the market is booming, it’s seductively easy to over invest. Make sure you stay disciplined and stick to your budget.