Hello everyone!
Welcome to my first post on my Channel🚀
My plan is to guide and advise you through Binance as I learn more and more about Crypto. I ve got many years of background in Finance.
I ve started the first days of November and already doing good and learning a lot through research and mistakes.
Some important tips:
If you are new to Crypto,
1) DYOR:
Do your own research in every type of investment and coin. Read and watch many hours of content. Find data that is trustworthy. Avoid scammers or people that say they will help you if you connect wallet etc.
2) DON'T do Futures:
Unless you know exactly what you are doing, have a clear strategy and being practicing for months/year.
And never use leverage, remember this is highly risky and you can get liquidated over and over your hard earned money. You are already investing in Crypto market that is volatile, and do not have the same value as stocks from company on NYSE. Not even close... except for a few ones.
3) Do not lose money:
Start investing ONLY the amount of money you can afford to lose, maybe 10-100usd, 100-1.000usd, 1.000 to 10.000usd. Lesrn the ropes before investing more.
It is better to lose some opportunities than all your money constantly, hoping you could get more money if you invest more. It is easy to dream, and easy to say if I only invested in $BTC 1 y ago, 5y ago. Yes BTC is one of the safest investment in crypto, but can also crash. So invest wisely and use money you will not need soon. Because you may have to hold a few months years after a crash.
4) It is not a LOSS unless you sell:
I am seeing lots of ppl with no knowledge investing and after 5 minutes/hr/day complaining that theyve lost 100usd,1k,10k
It is not a loss unless you sell. And you can expect the market to go up every day...
Market is volatile goes up and down, including on these call Bull Cycles, alt season and whatever nicknames
Just hold it and see what is the best strategy and opportunities. Research the coin before you buy it and during.
Please let me know what type of content you will like to read!