Friends, today I summarize what I have told you in some of my articles, cryptocurrencies are volatile, they go up and down. Traders and companies invest, they rise and withdraw their profits, then the market drops and they buy at a good price.
The small or independent people, we have to be cautious because we experience what happened in this strong drop, that's why the ideal is to convert to the appropriate currencies once it rises, convert to USTD, and once it drops, reinvest. Another way is to invest using a Stop-loss, an order that sets the maximum loss the investor wishes to assume in a market position. This way, you avoid losing too much. For example: you place an order for XRP at 2.50 and set it to sell if it drops to 2.40.
Friends, it's not just about mitigating risk; another suggestion I have given you is to diversify. It’s about not investing in just one crypto. It’s also important to make investments with what we set aside, not with all our capital. On the other hand, Binance is a reliable exchange; this platform provides us with knowledge and investment options. We are the ones who assume the risk, and do not forget to take measures against scammers. Don't believe those who offer you too much and don't fall for those who contact you via WhatsApp or other networks.
I will continue analyzing, giving suggestions, and sharing interesting data. Thank you for your support. God bless you.