Making money with crypto is about having the stomach to invest when everyone has dropped out and controlling greed to exit when the market goes crazy, with everyone jumping in.
Hi_Leeh
--
To newcomers: Remember that I am also a
Warnings I wish I had received when I joined the platform/started investing (in general)👇🏻
1- Study, but study with intent, watch classes, research, NEVER blindly follow what someone says regarding especially cryptocurrency recommendations, buying, selling, and specific companies;
2- I recommend having some understanding of indicators, the Global market, charts, understanding technical terms, geopolitics, etc., if you do not intend to lose money or get lost in certain situations;
3- The market varies due to various factors, so if you are not sure what to do, and/or do not have the knowledge for it, it is better not to act;
4- Do not start investing in Cryptos; there is a high chance it is a bad idea if you have not studied enough. And do not go in the direction of high-risk investments if you have little/no knowledge, if you do not have the stomach to see your investment losing value because in this market nothing is guaranteed, except for volatility;
5- An intelligent investor knows that past profitability is not a guarantee of future profitability;
6- If you have little time/interest to study, it is wiser to consider seeking a trusted specialist;
7- Organize your finances above all, a disorganized person who does not keep track of spending, does not plan what percentages they want to achieve in their own portfolio, whether in diversification, profits, and others, is unlikely to go far;
8- Do not act on impulse, whether buying or selling, analyze well what to do, set goals, so when the moment comes, you will know what to do;
9- Diversifying your portfolio (if it interests you) reduces the risks of large losses if well planned;
10- Define a standard of analysis for better results, I strongly recommend staying informed about your investments/cryptos;
11- Learn from others' mistakes;
12- Reinvest your profits;
I hope I have helped; anyone who wants to leave more tips will be welcome.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.