My story in this crypto world and some lessons I can already share...
I started saving money consistently for the first time in my life in April and May, after having already studied something and to continue learning in practice, I bought R$20 of $BTC and $SOL at Nubank. After learning a little about fees and the infinite number of currencies that exist, I soon discovered that I had to leave Nubank and through Primo Pobre's channel and more research, I saw that #Binance" was solid and had good rates.
At that time (May/24) the market was down, but I didn't read many people saying that clearly, but rather "it will go up" soon. It took months for it to CLEARLY go up and here is my first big lesson:
THERE IS NO ACCURATE PREDICTION ABOUT ANY CRYPTOCURRENCY OR TREND! (In the traditional stock market, there are company fundamentals and micro and macro economic issues that are a little more predictable, but even there, nothing is immutable... Cryptocurrencies are a much, much newer market and because of this and other factors that I learn every day, there is no way to predict things too far ahead, everything is a gamble!).
#DYOR What is said a lot here is nothing more and nothing less than "do your own research" AND IT IS FUNDAMENTAL because it is the only way for you to learn to make your purchases and sales consciously and always learning at every step!
#FOMO I don't know the exact translation, but it is something like making decisions to buy or sell on impulse.
The text is getting long, so I will try to make a didactic conclusion about what I said:
This is a business like any other, so you have to buy cheap and sell expensive... But the points "cheap" and "expensive" are very nebulous. Personal example: I bought fractions of $BTC at $57,000 and when it reached $53,000 I thought I had screwed myself and it was going to plummet... One day, with the #FOMO I sold almost everything, even though I read that it was time to buy more (today I understand, I have a personal reference and I gained patience to wait for a new bullish cycle, because in more famous and older cryptos this is more "likely" to happen).