If You Don't Want to Cry in the Crypto Market... Read This First!
"If you don't want to cry in the crypto market, you'd better learn how to play the game."
Every day, thousands of new investors join the world of cryptocurrencies with the hope of making a fortune.
But very quickly, many find themselves disappointed, trapped by volatility, scams, or their own ignorance. Here’s how to avoid classic mistakes and survive (or even thrive) in this ruthless universe.
1. DYOR: Do Your Own Research
Never invest in a project that you do not understand. Analyze the whitepaper, the team, the tokenomics, the partnerships… and remain critical in the face of FOMO.
2. Don’t Chase Pumps
Green candles are enticing, but they often hide traps. Buying after a strong rise often means buying at the top. Patience and discipline are your allies.
3. Diversify Your Portfolio
Betting everything on a single crypto can be tempting… but risky. Diversify among BTC, ETH, solid altcoins, and why not a few gems after analysis.
4. Have a Clear Plan
Investor or trader? Short-term or long-term? Set your goals, your entry and exit points. And above all, stick to them.
5. Secure Your Funds
Use cold wallets for the long term. Enable 2FA. Never click on dubious links. In Web3, security is a priority.
6. Master Your Emotions
Fear and greed are the greatest enemies of your portfolio. Keep a cool head, especially in moments of panic or euphoria.
Crypto is not just about luck or chance. It’s a matter of strategy, rigor, and continuous education. If you don’t want to cry in this market… learn to fight intelligently.