- For Beginners (New to Crypto)
1. Start small and learn first. Donāt rushābegin with an amount you can afford to lose.Ā Ā
2. Stick to blue-chip cryptos like BTC and ETH before exploring riskier altcoins.Ā Ā
3. Avoid leverage trading until youāre comfortable with market dynamics.Ā Ā
4. Use Dollar-Cost Averaging (DCA) to reduce risk over time.Ā Ā
5. Security is crucialānever share private keys or seed phrases.
- For Day Traders & Scalpers
1. Trade with the trendāavoid fighting the market direction.Ā Ā
2. Always use stop-loss orders to limit potential losses.Ā Ā
3. Watch liquidation levels (use tools like Hyblock or Coinglass).Ā Ā
4. Avoid overtradingāfocus on quality setups, not quantity.Ā Ā
5. Monitor Bitcoinās dominance (BTC.D) as it impacts altcoin movements.Ā Ā
- For Long-Term Investors (HODLers)
1. Invest in projects with strong fundamentals, not just hype.Ā Ā
2. Accumulate during bear markets when prices are low.Ā Ā
3. Stake your holdings (e.g., ETH, SOL) to earn passive income.Ā Ā
4. Ignore short-term noiseāstick to your long-term plan.Ā Ā
5. Take partial profits when prices hit all-time highs.Ā Ā
- General Risk Management Tips
- Never invest more than you can afford to lose.Ā Ā
- Diversify but avoid spreading your portfolio too thin.Ā Ā
- Secure long-term holdings in cold wallets (e.g., Ledger, Trezor).Ā Ā
- Stay updatedācrypto moves fast, and knowledge is power.Ā Ā