I have a small capital, in which currencies should I invest and when?
If you want to enter the world of digital currencies with a small capital, there are some smart steps that must be followed to ensure a safe, logical and relatively risk-free investment.
1. Start with stable and reliable currencies: Start by investing in reputable and well-known digital currencies, such as Bitcoin $BTC and Ethereum $ETH These currencies are considered a relatively safe option, as they have a good record and a relatively long history. The relative stability of these currencies may make them an excellent choice as a start.
2. Search for promising small projects: There are many promising small projects that appear regularly, allowing investors to enter the market with a small capital. But be sure to study the project well and understand it well before investing.
3. The right time to enter:
Invest during price corrections: It is preferable to enter when the markets are witnessing price corrections, as prices are at a lower level, which can reduce risks.
Use a gradual investment strategy: Instead of investing your entire capital at once, try to divide it up at regular intervals to take advantage of market fluctuations.
4. Always use a stop loss: A stop loss order helps avoid sudden price drops, limiting your losses when the currency value drops below a certain level.This step is especially important in the volatile cryptocurrency market.