What are the fundamentals for trading cryptocurrencies?
Before you invest anything, answer these questions honestly.
Are you prepared for a scenario where the prices stay around the current price for a long time lets say 2-3 years. ?
Are you prepared for a hard crash like bitcoin going to $1000 and staying around that level for next 2-3 years. ?
Are you prepared for a scenario where the prices multiple in matter of days like in 2017 when we saw btc going from $3000 to $19200. or in current scenario if btc goes to 50k.
Are you prepared for a scenario where your country decides to put a ban on crypto trading, and you cannot invest more money or withdraw your existing investments.
questions have bitcoin as an example it could be any currency or all currencies.
if you are happy with above questions only then think about investing in crypto currencies.