Post
Topic
Board Economics
Re: My Advice on Investing in Crypto
by
lienfaye
on 13/08/2018, 07:06:36 UTC
You must set goals.  What do you want to achieve for the money that you will be investing? Is safety of your investment with some level of return sufficient? Are you trying to grow your money for a longer-term goal? You will even have different types of investments for different goals. Before you decide to invest any money into cryptocurrency it is imperative that you understand why you are investing and the result that you desire.
This is definitely true when you are planning to enter in crypto investments. Nowadays people dont even care to ask themselves why they want to invest or dont have concrete plan to follow when something went wrong. They just go with the flow on what's the current trend and disregard the important points that investors should be aware of. Yes investing in cryptocurrency is risky but if you're aware of what to expect and the possible consequences that can happen in the process then you can bear an unwanted situation as an investor.