Re: My Advice on Investing in Crypto

Risk can mean a lot of things. Investing in cryptocurrency means you have a risk of losing money. Your money invested can decrease in value, possibly to zero. ALL investing involves risk in one way or another. Stocks often can go down in value over periods of time, just like crypto. Do you remember what happened in 2008? The S&P 500 dropped by 37%. This decline in the stock market was one of the worst in history. Severe market corrections are not uncommon, especially in cryptocurrency!

Good article and this was my favorite part. I am tired of trying to explain to people that BTC is not the only volatile stuff in the market. Look at the price of vegetables, avocados, for instance.
Congrats on your article, thanks and +merit for you.
Thanks for your contribution.

Having a written investment strategy also implements a discipline not to make decisions when unexpected events occur. Where on speculative investment will definitely happen. Going back to your initial thinking can hinder to act emotionally for fear or greed.

Many people that consider themselves traders or investors know a thing or two about it, but they only concentrate on the tactics needed to make money, they do not concentrate on an overall strategy, they do not have a plan and without a plan then you do not know how your investments or your trades fit in any kind of long term plan and this is why most people do not reach their goals.

Almost investors are amateur, they come to the crypto world to make some "easy money" without any experience in investing or knowledge about technical analysis. So something like overall strategy and plan is very strange to them. That's why most people get lost in the crypto market.

Investing in any of the crypto currencies is a very good thing to do and that it can bring you a lot of money but the only condition is that you must work harder and that you need to keep on working harder and consistently and that you must plan the things according to the situation and that you must keep holding your nerves even if the market value starts falling.