Important advice
These days we are witnessing a noticeable decline in all digital currency prices and many wallets have been completely decrypted, resulting in losses of thousands 💸💸💸
If you are a professional trader, this fluctuation will not affect you, even if it is a severe fluctuation, because you know that this is the nature of the digital currency market and that it is a market that fluctuates between decline and rise, and thus between profit and loss.
The important thing is that you do not expose your account to complete liquidation and that you set limits for loss and profit (risk management).
Do not sell while you are losing, no matter what the cost, because this is the goal of the whales and those who control this market.
The assets (digital currencies) are still with you, and just as their price has fallen today, they will certainly rise again tomorrow or in the near future.
Be very careful not to put your capital in just one, two or three currencies... Distribute your capital over the largest possible number of currencies... For example, if you want to trade with a maximum of $1,000 for trading... then distribute it over a minimum of 20 digital currencies.
Try to have the coins you collect worth less than $1 each so that you can buy as many of them as possible at the lowest possible cost. Therefore, any increase in the price will make a noticeable difference for you.
Stay away from meme coins because they are highly volatile and prone to big losses at any time. They are also trend-related currencies, and when the time of this trend passes, the currency drops sharply.
What caught my attention in this decline were traders who trade with thousands of dollars and put all their savings in this market and thus lose thousands of dollars as well... and this is a grave mistake.
You should not make the cryptocurrency market your only investment area... Diversify your investment areas
I am very surprised by traders who put 5, 10, 15 thousand dollars or more to invest here... Do you have such an amount and invest it in a digital currency market, exposing it to the full code?!
Aren't there other areas where you can invest your money? At least if you make a loss you won't lose your capital or the equipment you bought for this project.
There are young people, and I am one of them, who dream of having only 10 thousand dollars to start a profitable project and live a decent life.
Do not waste your money because you will be asked and held accountable for it... Preserve your money... In my personal opinion, the money you trade in the digital currency market should not exceed a thousand dollars at most.
Be smart and don't make yourself a prey for whales in any field
