#TradingMistakes101 In recent years, there has been much talk about Bitcoin, and every day new digital currencies emerge in the market. Some have skyrocketed in value, and many Brazilians, attracted by this appreciation, end up betting all their chips on this market. Therefore, with all this appreciation, these crypto assets have increasingly caught attention.

Is investing in cryptocurrency worth it?

But is it worth putting all your savings into a digital currency? First of all, you need to understand that this market is profitable; however, it will depend on your choice of currency and your composure because, at a certain moment, you may gain a lot, but at another, you may suffer from some devaluations, since volatility is one of the characteristics of digital currencies.

Know that, like any high-risk investment, investing in cryptocurrencies does not guarantee returns, and there is no manual for easy wealth. Therefore, the best choice is always to study and verify which currencies have great chances of growth, analyze the project, and adjust your expectations for exponential returns in the short term.

See the 5 common mistakes when investing in cryptocurrencies.

So, if you are a beginner, we will help you avoid making some mistakes when investing in cryptocurrencies. Let’s see what they are:

1 - Not knowing your investor profile.

2 - Investing all your capital and not paying attention to fees.

3 - Expecting quick returns.

4 - Not diversifying your portfolio.

5 - Not choosing a trustworthy exchange and falling for scams.