1. Only invest money you can afford to lose.
The market is volatile, today you make profits, tomorrow you lose. Don't risk money you need to meet your life's necessities.
2. Do your research properly before any investment.
Understand the project and the currency you want to invest in. What is its benefit? What global problem does it solve?
3. Keep your private keys safe.
“Not your keys, not your crypto” means if someone else has your keys, you don’t have your money. Use a secure wallet.
4. Stay away from greed
If you make a reasonable profit, don't get greedy and wait any longer. The market is unforgiving to those who delay making decisions.
5. Beware of fake currencies
Any new currency should be researched. If the promise is exaggerated or there is no transparency, it is likely a scam.
6. Investment distribution is important.
Don't put all your money in one coin. Spread it out to reduce risk.
7. Keep up with the news.
The market is highly affected by news. One decision by a government agency or a company can change the equation.
8. Don't confuse investing with trading.
Long term investing. Trading requires experience and speed. Define your style.
9. Use trusted platforms
Do not enter any unknown or new platform. Choose platforms with a good reputation.
10. Be patient
Success in cryptocurrency takes time. Nothing happens overnight.
