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1. **Analyze your risk profile**: Are you prepared to lose the invested capital?
2. **Diversification**: Cryptos should not be >5-15% of a conservative portfolio.
3. **Time horizon**: Only consider this market if you have a long investment period (+5-10 years).
4. **Regulation**: Many countries lack solid regulatory frameworks (limited investor protection).
5. **Recent history**: Remember collapses like FTX, Terra/LUNA, Celsius (2022), which wiped out trillions of dollars in value.
**Alternatives to consider**:
- Indexed funds (global ETFs)
- Government bonds
- Dividend stocks
- Real estate (REITs)
**If you decide to invest in crypto**:
✅ Only use regulated exchanges (Coinbase, Kraken)
✅ Never invest with borrowed money
✅ Prioritize Bitcoin/Ethereum (lower relative risk)
✅ Use cold wallets (Ledger/Trezor)