After the gloomy days of the BTC in 2018. Some of my friends have left the market because of losses. When entering the market, people need to take risks. From my friends, I think some of the following will benefit you living in this market:
Psychological control
Questions you should ask
You buy hold coin or you transaction?
These are the two most commonly used methods. However, buying and keeping a coin is the method that suits most people. This is a very simple, fast way of making good money in the top 20, like litecoin, bitcoin, ethereum. Ripple, store somewhere, do not read the news, do not worry about the transaction or the predictions the coin will die of the media. After a few years, they pulled out and sold.
In case you want to trade, the story is quite different, you need to buy on sale. And very simple rules, buy low sell high. As you know it is easier said than done.
Do you have money to invest?
If you do not have a lot of money, start with a small amount of money. Do not use debit card, plug the house. Plug the money into the market. The more likely you will be burnt bags. Only invest the money you have lost.
It's not really more on psychological control but more of a mental and emotional control over one's tokens. Never sell when the price is low or never buy when the price is high. Never let your emotions take control over you and let it dictate how you should invest.
No definitely not.We cannot leave Crypto because cryptos are an easy source of earning a lot of money and that too in a short period of time. Cryptos in today's date are the best option for investment purposes as their prices are rising and so they are giving good amount to profit returns.Cryptos are trending now a days because digitisation is going on.They also have several advantages over the normal Fiat currency.Faster transactions is one of them.