$AEVO
Do not invest all your money in one place. Have you heard this advice before? If you have less than $100, consider investing in just 2 coins. There is no need to spread your investment across multiple coins with only $100. If you have $500, consider investing in 2-3 coins. If you have $1000, consider investing in 5 coins or less. Why am I saying this? Firstly, if you invest $10-$20 in one coin, the potential rewards may not be significant no matter how much the coin increases in value. However, with $100 in one coin, the potential rewards are different.
Another important factor to consider is time. I am talking about holding onto your investment for at least a year. The big players in the market have millions of dollars and they do not get swayed by short-term market fluctuations. They remain calm and strategic in their approach. They take advantage of market dips by buying more to lower their average purchase price. On the other hand, individuals with limited capital may panic and sell at the slightest market movement, missing out on potential gains.
It is important to be patient and not get caught up in every market movement. Sometimes, it is best to buy and hold, focusing on other aspects of your life and not solely relying on one source of income. Once you have a small but secure investment in crypto, consider working on other skills, businesses, or ways to add value to others and earn income.