If you want to step into the crypto world, take some time to think carefully. Investing in crypto is not just about following trends but also about understanding its nature and identifying a strategy that suits you. Here are a few tips for you:

1. Investing is a Long-Term Commitment, Not a "Quick" Speculation

Crypto presents a great opportunity, but it also carries high risks. Don't think that you can buy a coin today and sell it for a profit tomorrow. This market is highly volatile, and those who succeed are the ones with a long-term vision.

Naturally hearing someone just invested in some MEME coin and profits up to 1000% makes you excited and follow suit?.... in the end, you become the one who FOMO.

View investing as a journey, not a gamble.

2. Only Invest When You Really Have Disposable Money

One of the important principles when investing is to never use money you need for daily living or borrow from others. Crypto can yield significant profits, but it can also lead you to lose everything.

The mindset of beginners is very excited, leading to FOMO and following someone else's advice to buy a specific coin. After one month, two months, things don’t go as expected, and you lose faith in the crypto market in general and that specific relationship because it’s money you need to live off tomorrow.

Only invest money that you are willing to lose, and always keep your personal finances stable.

3. Patience is the Key to Success

Remember that there is no "magic" that can turn you into a millionaire overnight. Those who reap success from crypto often understand that time is a crucial factor.

The crypto or coin you are buying may have intrinsic value and be very good for the future in terms of ecosystem and networking value. Like coin $BNB or $GT of the two largest exchanges in the world. But there are times it drops in price and many people sell it. Until it rises like now, in December 2024, it is over $700 and more than $13, many people regret it.

Crypto is not for the impatient.

4. Self-Research and Invest in What You Believe In

One of the biggest mistakes beginners often make is to listen to advice from others without researching for themselves. Don't invest just because friends or some "expert" say that this coin will "definitely increase in value."

Currently, there are many posts and videos on social media, as well as numerous advertisements about coins and predictions of price increases from self-proclaimed EXPERTS. Then they disappear when that crypto has issues.

Choose projects you truly believe in, research the development team, the project's goals, and its potential thoroughly.

Conclusion

Investing in crypto is not just a financial opportunity, but also a journey that helps you grow in managing assets and risks. Always remember:

  1. Investing is not about speculation, but about building long-term value.

  2. Only use disposable money to minimize pressure.

  3. Patience and knowledge are your best companions.

  4. Don't invest for others; invest for your own belief.

By starting with the right mindset, you will not only protect your assets but also enjoy the exciting journey of exploring the crypto world.

Remember, in investing, it’s not about going faster, but going in the right direction that matters.