## What you need to know before starting
- Price volatility is high, and digital assets are susceptible to rapid losses.
- Technical risks (loss of access to wallet), scams, and lack of unified regulation in some countries.
- Taxes and laws may vary from country to country and must be complied with.
## Practical steps for the principle
1. Define your goal and risk tolerance: How much money can you risk without impacting your financial situation?
2. Only invest capital you can afford to lose: Do not use essential savings or money allocated for necessary expenses.
3. Learn the basics: How blockchain works, wallets, protocols, and the difference between currencies.
4. Choose secure and reliable platforms: Look for the platform's reputation, fees, security policies, and availability of account protection.
5. Develop an investment strategy: Use techniques like Dollar-Cost Averaging (DCA) and diversification across multiple assets.
6. Follow strong security procedures: Use a cold wallet to archive private keys, enable two-factor authentication, and be cautious of phishing links and scams.
7. Monitor and rebalance regularly: Review your portfolio, adjust allocations according to your goals and market conditions.
8. Consider taxes and compliance: Keep records of transactions and understand your tax obligations in your country.
9. Don't give in to market noise or quick promises: Rely on independent research and realistic risk assessment.
## Important notes
- Starting with a small amount and learning gradually is usually safer than making a huge plan right away.
- Only invest from sources you know and trust, and avoid suspicious links and unrealistic offers.
