Risks are inherent or always there whenever we talked about investment especially Bitcoin and the whole cryptocurrency community. But how do you deal with these risks? What are your experiences or even techniques in managing risks? In minimizing risks or even eliminating it?
To avoids risk in investing here are some tips;
1. Do not invest in a single investment. Diversification is necessary. (Do not put all your eggs in one Basket, by Rick Warren)
2. Study the history of an asset/coins you want to invest. (You can note which month it has a dip. Most of the price history repeats itself.)
3. The portfolio/platform of the an asset (Better coin has always may not all have a better platform)
4. Their Vision and mission. (People without vision perish so as to the coins or assets).
5. The people behind the asset/coins. (Expertise, strategy and knowledge always bring profits.)
Hope it help.