⭐ 7 Skills Needed When Investing In The #Crypto Market ⭐
✨ DYOR
After years, there're thousands of coins, tokens and projects that are being traded on many CEXs, DEXs today. Few of them are good, but the rest are not, or even worse, are the scams. Therefore, always remember to do your own research (DYOR), to stay away from FOMO and FUD
✨ Not Your Key, Not Your Crypto
Always keep your Private Keys in a safe place where no one knows, is not connected with Internet, and never reveal those to anyone else. Write a testament including instruction of using it in case you might get any serious accident or even death
✨ Never Borrow Money To Invest into Crypto
Invest what you have left after deducting your personal life expenses. This market is high volatility, you'd get x100 pressure if you invest by borrowed money when the market turns into plummeting for months. Easily turns you into debt
✨ Trust No One
Sounds negative but it's positive for your investments. People tend to love talking, discussing, or even shilling about their investments. You will hear them all the time. But in the end, no one is responsible for your loss. Even professors can't predict the market
✨ Take Profit
Never forget to set some targeted prices to take profit of your investments. Many investors miss this part, and it turns out that they get a loss instead of a profit that they deserve when market prices suddenly turn into plummeting, wipe out all the profits
✨ Diversify Your Investment Portfolio
Don't ever dump all your money into one or two coins/ projects only. I'm sure you heard a very famous idiom before: "Don't put all your eggs in one basket". This is true and will always be true. Find more baskets and maintain a level of cash
✨ Zoom Out
Pressure is terrible when market turns your portfolio into a loss. The more you lose, the more pressure you have. But calm down and Zoom the Charts/ Perspectives/ FUDs etc. Out, you will understand that markets have always recovered itself later throughout history
