Quote from: Mandevil on September 17, 2022, 08:10:00 PM

Unfortunately, many "investors" in cryptocurrencies and not only are not financially literate, and most of my friends do not even know how to trade cryptocurrencies, my opinion - financial literacy should teach people from a young age, and this will be correct...

If you touch the subject of analysis of some cryptocurrency, I want to say that this analysis takes a very long time, starting from the analysis of fund behavior (investors) and ending with social networks and verification of real users, not bots in their project + full geography of the project founders, tokenomics project, the behavior of moderators in social networks, the team's behavior, review Callaborations, personally I can spend a week to study one project ...

You need to allocate that much time if you really wanted to learn and to have a better edge in succeeding inside this industry, it's not applicable relying with someone's advice and opinions in regard to your investment, there are many available venues where you can find relevant information to broader your ideas in how you will take this business accordingly.

Investors should be both ready with mental and financial state. It's a combination of your good money managements and good awareness with how the market flows and how will you react in each market situation.