It’s a great idea to have a plan if you’re looking to get into the crypto space in 2025. There are a few strategies that you can use to make it a smoother journey.
🚀Don’t be motivated by the Fear of Missing Out (FOMO). Sometimes, a lot of hype is created around a particular coin to manipulate the market.
FOMO can also push you to buy during a price surge.
🚀Don’t break the bank to invest in the latest project. Do your research and have an investment plan. You shouldn’t take out all your savings and invest on a whim.
🚀Have a strategy. The crypto market can be volatile so you need a strategy to guide you.
Determine whether to buy, hodl or sell by studying the market. Are you building your investment, making profits in the short term or looking for long term gains?
🚀Understand your trades. Some trades can have high transaction costs, or may be more risky than others. Know what you are getting yourself into.
As always do your own research and don’t let FOMO make you lose money