Quote from: TitanProject1 on April 03, 2020, 10:41:28 AM

Are you planning to invest in cryptocurrencies? Is this your first time? Then, you should know a few things and follow a number of precautions before you invest.
The crypto market is on a boom and certainly makes a nice choice of investment for those investors who are willing to take risks for high profits.

For investors who have a good understanding of how crypto investments work, the risks are lower compared to those who are just starting out in this industry. Nevertheless, this article aims to help both novice and experienced crypto investors with some useful tips.

Let’s get started.

Research

Research is the only way to know more about a cryptocurrency or project you’re planning to invest in. Remember, the crypto industry is still in its nascent age and not many understand it.

So, the best way to know all about a new coin is to study it, research it and acquire more knowledge about it.

Try out

If you are ready to take some risks, don’t be afraid of trying things out. Start with small numbers, invest small amounts in ICOs that you find interesting and wait to see how those turn out. Then, if you find a future here, go on to invest in some big, reputable crypto projects.

Buy only what know

One of the investing rules says, don’t invest in something you don’t know. So, before you start investing in cryptocurrencies, make sure you know what it’s all about, what cryptocurrencies are, how blockchain works and why it is useful. Then, you can start exploring and investing in some good blockchain projects.

Look beyond bitcoin

One common reason for most people to start in the crypto industry is Bitcoin. Most of us are awed by the great success of bitcoin and want to achieve something similar. Well, what you should know is that crypto investments and projects are far bigger than bitcoin.

Blockchain is the actual thing you should look into and invest in. There are a number of great altcoins such as Titan coin with their own customized blockchain technologies and innovative concepts to solve the world problems.

Improve your crypto knowledge

As I said, don’t invest in something you don’t know. If you have no idea how crypto works, it’s time to start reading blogs, tutorials, etc. to learn about it before you even consider investing in this market.

Learn trading

Besides learning the basics of cryptocurrency and blockchain, it is also crucial to learn the various aspects of crypto trading. Cryptocurrency trading is a lot different than traditional fiat/asset trading. The platforms where you trade cryptocurrencies are called crypto exchanges.

Know what you can invest without going bankrupt

The crypto market is highly volatile. The price of cryptocurrencies may change significantly in a short period of time, and you may end up losing all your money if you are not careful. So, it’s best to invest only what you can afford to lose. Keep a diversified investment portfolio, with only about 10% fraction for cryptocurrencies.

I hope these tips help you yield good returns from your crypto investments. Invest in good projects and hold (HODL) for as long as you can.

Those that you have said are really the basics that everyone should know before getting into investment because if you will not do such things, you might just get towards regrets and failed investments. Doing research is the very first step you must acquire to be able to know everything about a certain project you wish to get engage because knowing the thing you wanted to be part of will be a great key to know more about it to determine if it will be worth it or not. By doing researching you can already know about what you wish to buy and at the same time widen your knowledge about cryptocurrency and if you wanted to take experience try taking some risk but only on a low price base so that if the investment is a fail, at least you have just wasted a small amount and that is what most people say that invest only the amount you can afford to loose to avoid regrets and being stressed thinking about the money that was gone. Learning investment and trading can already be easy if you do researching that includes learning from tutorials that most platforms do provide. By that, you can already have strategic basis on how you will do your own move towards getting into investment and trading. Just remember to always take precautionary measure to avoid being scammed or loosing in an investment although loosing sometimes is a part of investment and trading.

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