Things you should do when you Invest in Crypto
but I know a bunch of people who invest and this are my findings
Investing in crypto currency really will make a big amount of money in the shortest time possible, BUT it may also make big amount of money to small . . .
- Invest 10–15% of your NET Income (after tax) in crypto
~ investing is a risk taking game so better invest what you can afford to lose
- Still keep going to your day job despite reaching your financial goal in crypto
~ so you are not emotionally dependent on your crypto profits as a source of income DO NOT QUIT YOUR DAY JOB!
- Better allot time to read everyday
~ learn something new about blockchain and cryptocurrencies, nothing is permanent especially in this community
- Don't ever recruit your friends into investing in crypto.
~ stress out that you are just giving opinions, its for you not to be blame when they lose money
- Make your own reasearch
~ don't depend on others opinion, making a fuss about crypto might give a pump but it will always short term
- Make thorough research when entering cloud mining sites
~ many sites are just to scam people
- Your crypto amount is not a cash until you sell it for a paper currency
~ don't count yet your earnings until you do so, the value of your crypto is changing time after time
- Aim for long-term profits, not short-term gains
~ make a 50/50 plan, 50% will be reinvested and the other 50% will be your profit (weekly), this is to ensure your profit and make sure you get back even little amount if the crypto world crashed down.
- Don't abuse your newfound wealth
~ being financially secured in the future will be the best goal in the cryptocurrency world
nice one
tnx
Thank you for the information you've shared.
This will be great help for all the beginners.
no problem 😊
just don't believe in their saying that "crypto is life"
"Our Life don't rotate in crypto itself" 😊
Good tutorial friend!
Always keep in mind the advantages and disadvantages when you are investing in crypto, thanks for the info and thank you for letting new people that are coming into the crypt world know about the benefits of it all being in this community , keep up the good work and good job!! !!
tnx pls feel free to resteem in order to help new members about crypto
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very good upvote
Very good guide and very informative. You really should know that investing money anywhere is a risk. Make sure the money you invest, is the amount you can accept to lose. So we should invest at our own risk. There is no permanent things in this world. We have to play safe.