There are many myths surrounding the acquisition and use of cryptocurrencies. $BTC
On one hand, there is the idea that it makes people millionaires overnight, which only shows a luxurious imagination of all this, but in reality, it can cause disappointments.
On the other hand, there is the belief that it is a scam. In reality, cryptocurrencies have proven to be a reliable medium of exchange, whose use will be inevitable in the future.
The best thing is to inform yourself. You can start with simple things, like learning about the behavior of stock markets or visiting websites focused on the cryptocurrency market, such as Criptonoticias or Investing.com.
Follow these tips to know how to invest in cryptocurrencies safely:
Be realistic with your budget. Honestly ask yourself, how much money do I have available to invest? If it’s not too much, it doesn't matter! Start with what you can.
Do not invest in cryptocurrency offers if their programming terms do not seem convincing to you.
Use reliable applications: mainly, a good online wallet or, if you prefer offline, a USB-type one.
There are various portals to invest, also known as "brokers," where you can learn using the free investment demonstrations they offer.
If you are starting to develop your investment skills, it is not advisable to borrow money on exchange sites. By the way, this type of action is known as "leverage."
Study flow charts of cryptocurrency trading. For example, if you see that a value is constantly going down and up, it is a pattern from which you could take advantage.
Copy the movements of important and experienced investors. You can approach them by participating in networks that capture and publish the movements. Some are open (Twitter) and in others, you must pay a membership.
This type of following is called "copy trading" and is completely allowed.
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