By: Franklin Suarez
If you've gotten into cryptocurrencies, it's because you want to make money, right? But the truth is that many of you are choosing the worst way to do it and I bet that at least 80% of you will end up losing money in this market that is currently on the rise.
I've read a lot of people investing in cryptocurrencies just because they've heard the name or because they've followed recommendations from others.
They buy when the price is sky high and then they are surprised to lose money. And then they come to ask what to do, one notices in the comments: "What do I do with my $SHIB?" And put in between said the real daily work of the trader
Come on! It's your responsibility, stop looking for others to tell you what to do and take responsibility for what you decide. If you chose to invest in the riskiest way, that's fine, but if you end up losing (which is what will happen to 99% of you), don't come crying on the messages of those who really know how to invest.
Let me give you a couple of tips to help you invest better.
First, look for those cryptocurrencies that are on Binance but no one is talking about.
Second, take a look at their chart. If you see that they have suddenly gone up a lot (say, 300% or more), forget about them. If they haven't had that big a jump, buy a small part, no more than 10% of what you have in total.
BE CAREFUL, DO NOT BUY FOMO
Third, place sell orders for that cryptocurrency when it reaches 200% profit. For example, if you bought it at $1, place a sell order when it reaches $3.
And after all that, just wait. But I know that many will not do it because they will want quick profits, and believe me, that will only lead them to lose.
If you follow these tips and have a little patience, your chances of winning will increase considerably.
This is just my opinion...
