Here are some simplified tips for navigating the cryptocurrency market:
1. Invest only what you can afford to lose.
2. Stay calm during market downturns; patience is crucial.
3. Be cautious of coins that have already seen significant price increases.
4. A coin's potential can be judged by its market cap and popularity.
5. Coins with lower market caps (in millions) have potential for significant price increases as their popularity grows.
6. To estimate a coin's price, divide its market cap by its circulating supply.
These tips should help you approach cryptocurrency investments with a clearer perspective.