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If you've just arrived in this market in the last few months and don't have much experience, you've probably bought something when it was high and are now worried about your investment falling.

But based on my own experience over the years of these ups and downs, I'm going to give you some important tips that will help you make better decisions and significantly reduce the risk of losing money.

Tip 1

Don't make investments that use money from accounts or reserves that you might need in a short period of time. At the beginning, the chances of buying something more expensive and then falling are high.

If you know this, you'll get worried and sell at a loss.

Use long-term reserves, debt in parts and make small contributions so that when there are drops, you can increase your average price and optimize your returns.

Diversification is important, try to have a variety of cryptocurrencies in your portfolio, but don't overdo it. Because not all of them will yield profits. Look for good projects and vary between the sectors of AI, Games, Defi, etc.

Tip 2

Avoid using the futures market as much as possible in the hope of making a quick profit, especially using leverage. You will expose your investment to very high risk. You could lose all your money and become frustrated.

Prioritize buying cryptos directly and for the long term. It is rare for someone to achieve great performance in the short term without a bit of luck.

Look at the charts in periods longer than 4 hours, because within 5 minutes, 15 minutes, volatility will cloud your judgment and you may sell too early or buy too expensive.

With a 1-month chart view, for example, you can get a better idea of ​​the performance of the crypto you are thinking of buying.

Set aside a small portion of your investment for new coins that you believe could be worth a lot one day. And forget about that money there. That coffee money that you won't miss.

Tip 3

Be careful with people who promise you quick gains, they usually make money with your money, selling you dreams.Or it's a scam.

Good profits!