🚨🚨THE CRYPTOCURRENCY MARKET IS EXTREMELY VOLATILE - ONLY INVEST WHAT YOU ARE WILLING TO LOSE.🚨🚨
Cryptocurrencies can rise or fall in value within hours or minutes. It's common to see fluctuations of 10% to 30% in a single day, even in large coins like $BTC or $ETH
What does this imply for a beginner?
Don't make emotional decisions: Avoid buying out of FOMO (fear of missing out) or selling out of panic.
Create an entry and exit strategy: Define when to buy, how much, and when to sell.
Diversify: Don't put all your capital into a single asset.
Do your own research (DYOR): Don't invest just because you saw it on social media.
Investing in cryptocurrencies can be exciting and profitable, but it can also be risky if you don't know what you're getting into.
