Things I wish I knew when I started investing in crypto:
1. Study before investing ✍️
Before putting money into any crypto asset, study the basics: how cryptocurrencies work, what blockchain is, what wallets (digital wallets) and exchanges are. Knowledge is your best protection against scams and bad decisions.
2. Start with a small amount of money 💵
In the beginning, invest small amounts that you can afford to lose without compromising your financial life. Use this time to learn about the market, understand how prices fluctuate, and test your own risk tolerance.
3. Choose established cryptocurrencies 💲
$BTC e and $ETH are good options for beginners, as they have greater liquidity and acceptance in the market. Avoid investing right away in very new or unknown coins, which tend to be more volatile and risky.
4. Have a clear strategy 🎯
Define whether you want to do *hold* (save for the long term) or *trade* (buy and sell in the short term). For beginners, *hold* is usually safer. Avoid making impulsive decisions or acting on “hot tips” from the internet.
5. Control your emotions 🤯
The cryptocurrency market is volatile. Prices rise and fall quickly. Stay calm and avoid buying at the top or selling in a panic. Have patience and focus on the long term.
6. Diversify your investments 💰
Don't put all your money into cryptocurrencies. They should only be a part of your portfolio. Also maintain more stable investments, such as fixed income, stocks, or funds, to balance the risks.
7. Monitor the market 📈📉
Use websites and apps to track cryptocurrency prices, news, and market updates. Sources like CoinMarketCap, CoinGecko, and specialist channels on YouTube or social media are good starting points.
So? Do you have any tips to add?
