Investing in crypto assets is risky, but it can also be incredibly profitable. If you want to obtain direct exposure to the demand for digital currency, cryptocurrency is a good investment.
Everything in life that present a good and unique opportunity will also present a unique disadvantage i.e every investment setting or asset comes with risk.
1. DON'T USE YOUR PERSONAL SAVINGS FOR INVESTMENT - as the saying goes, "invest what you can afford to lose," so set aside money for this purpose.
Investing in your personal saving doesn't mean you automatically invest more than the amount you can afford to lose. Nevertheless, investing more than you can afford to lose now that the market is in panic stage is still fair but it's not investment advice and it is for only the people that can afford to take the risk.
2. PLEASE DON'T EVER BORROW MONEY - this is a mistake that many people make, and unfortunately, many individuals continue to make the same error by trying to make a significant profit like "e-sabong."
Yes, people are advised not to borrow money but let's be honest with ourselves, borrowing money to invest in a crypto is not as bad as we think and thats if you borrow the amount you can pay it back and invest for the long term in this current market.
This is not applicable to the newbie though.