Some rules to invest in cryptocurrency

[Halexcity]

Investing in crypt, there are some things that needs to consider, firstly you should not buy when it rise, and you invest in large amount in other to have much gain. The larger you invest the larger your profit will be.

 

[QalabDogar1906]

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.

I think working on cryptocurrency is very important and useful for us. Because we earn money through working on cryptocurrency. The major rule of cryptocurrency business is that we should do our work with patience and hard working then we get profit.

 

[Olahab]

In terms of price fluctuations, a few weeks in the crypto market is like a year on Wall Street!

You see, cryptocurrency exchanges run globally 24/7 and that means the market is constantly fluctuating. In fact, the market moves so quickly that if you don’t stay up to date, you can easily miss vital information

 

[katkat]

I don't have much idea on how the cryptocurrency works. But with a little research, i have learned that there is a big chance to earn more. You just have to be wise, patient and continue learning and monitoring the investment that you have made. Monitoring everyday is a big part of it to earn more. There are so many revoews how it changed lives. I am hoping that I will be lucky when I finally be involved in it.

 

[Sotherefore]

if you're investing in cryptocurrency for a long-term investment just go and invest and leave it there because it will surely appreciate but if you are investing in cryptocurrency for a short time then you may find it difficult because the price of cryptocurrency is going up and sometimes coming down.

 

[Azmatali]

i tell you some golden rules 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.
i think you work on thiss rule you will be successfull....

 

[Abdul Naveed]

One way to get rich is to invest in cryptocurrencies. Become a billionaire, but that doesn't mean you become a millionaire right away. You have to research and analyze every coin to make a decision which brings you good luck. In fact, cryptocurrency can make you rich overnight.

 

[Sheyemanu]

If you asked me I would say 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 to know if the price would go up, down or range

 

[Azhar119]

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

 

[Niftyyem]

One other thing that is very important is that at the point of buying any coin, ensure you are not buying at the highest price and look out for dips, likewise, learn not to sell in a hurry because it may lead to avoidable huge losses.

 

[Mostee501]

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?

Thanks for this vital information, because so many things you mentioned are new to me,especially the aspect of coinbase and how it works. I want to ask a question, what if you always leave your coin in platforms like binance?.

 

[tuna89]

Thanks for the important information, i have always advised people who wish to invest in any crypto to always make findings on the price history of the crypto, the extent at which it has always risen and fallen, also understand the rate at which investors are investing in the crypto, some invest heavily in the crypto for online payments on their website.

 

[Nicklas22]

Patience is just the best rule to succeed in crytocurrency business and it's very good to have patience in anything we do, many people that have Bitcoin when the price was depreciate and many of them sold their coin immediately, now they are regretting it.

 

[Abbeyola]

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?

Most of the rules to observe when dealing with digital currency, is to have the appropriate idea on the crypto currency you want to invest in after, that choose the coin of interest that will give you the value you will really want and interest.

 

[Sincerem]

Correct. Their some news we might purchase to know the real update happening around Cryptocurrency. At the end it isn't worth it, that's why we need to research deep before subscribing for such news, in order not to ruin our crypto investment.

 

[Justin]

The basic rule of investing in crypto currency is whether you can fund your exchange account easily or not, and whether you can convert to fiat currency easily or not.

 

[Nomad]

The only rule you should follow is invest in something that is reputable because it posses less risk. For example, invest in bitcoin and ethereum instead of somehting like doge or shib

 

[Dagm1]

You need to inspect lots of points while handling the cryptocurrencies , while purchasing the coin , keeping it as well as till marketing it. You need to look out everytime as well as certainly not stress , simply get it typically as well as profession along with cryptocurrencies as well as take out revenue.

 

[Good-Person]

I believe that hourly trading is a viable option when it comes to crypto trading and you can earn money by trading crypto if you buy and sell crypto every hour. You have to make sure that you are really good at trading crypto and good at predicting the value of crypto on hourly basis.

 

[kayode10]

You should never invest the amount you cannot afford to lose in any cryptocurrency. This means is that no matter how good a cryptocurrency will appear to you, you should never invest your life savings.