Post
Topic
Board Altcoin Discussion
Re: 5 mistakes to avoid when investing in Crypto
by
sunilkumars
on 23/11/2020, 13:44:08 UTC
If you are a newbie in crypto world you are bound to make some mistakes but this thread is for you on how to avoind making those mistakes

1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.

2. You want to avoid using the wrong crypto exchanges. This is one thing you want to avoid because it can make you lose all your assets. You need to research about the exchange before even registering. Some exchanges have fake volumes and are not transparent enough.

3. You dont want to rely on a single coin- Diversification is very important when it comes to investment. You dont want to put all your eggs in one basket.

4. You want to avoid the fear of missing out (FOMO)- When you see everyone buying a trending coin you dont jump in, it might too good to be true

5. You dont want to forget the basic security. Keeping your private keys safe is very important. As a newbie you should understand how important private keys are. Also 2 factor authenticator shold be added to all your exchanges


First thing is first learn what is crypto currency and then you can choose which crypto currency is growing up and giving profit daily some time giving to learn and understand what is market and abserv all coins price and see what happens and avoid fear somay members haave more fear to investment in crypto currencys and find good projects and don't panic token price is up and down similarly then you don't panic such things investment in Monday in crypto currency you have good pesions in very important then you don't doing mistakes