The Crypto Survival Guide

"How to make easy money from Crypto"
"Top 5 Cryptocurrencies that will make you rich"
"(Insert Crypto) will make 10x gains this year"

In the world of crypto, you got a lot of information thrown at your screen when you search " How to get into Cryptocurrency" or "How to buy Bitcoin". But the truth of the matter is that you're in a market place of the wild west that is unregulated and if you don't watch what kind of advice you're getting, you're gona find yourself as a crypto drug addict that's looking for a new fix cause you fucked up and lost some money.

So this guide is gona show you some investing methods along with how to do real research and how to spot con artists which happens to be bigger problem than the wolf of wall street.

Let's get the obvious out of the way; I AM NOT YOUR FINANCIAL ADVISER NOR THIS IS ANY FINANCIAL ADVICE. INVEST AT YOUR OWN RISK.

Before you even putting a single cent into the market, realize that this is GAMBLING. Nobody knows if the market is gona go up, down or crash completely. There's graphs that indicate patterns but none of that matters because the market decides what the hell it wants at the end of the day.

So there's numerous ways of investing but the best and safest ones are long term saving and swing traders.
Long term is easy, just buy and hold. Hold until you've reached a goal in mind. You can forget about and check on it, every once in a while. Swing trading is buying and selling in a matter of weeks apart or days. You're riding the big waves, buy lows and selling high. This comes with more risk but comes with more rewards. But remember you're putting what your're willing to loose.

Once you figured out how much you're willing to loose, then you're all set to send some money to exchanges and move them to wallets. Congrats you bought some bitcoin. But what about alt coins? Should I invest in them? How do I tell which ones to invest and if it's profitable. That's where the power of REAL research comes into play. With the help of critical thinking and some reading, you can make decisions on rather or not you feel there's a future or potential for growth.

Whitepapers are the first thing you should read. I mean it doesn't make fucken sense to invest into a crypto you have no clue what's it about. A good rule of thumb is; if you can't explain what market it's appealing to, then you have no idea what it is. You might as well go to the casino.

But you want a shortcut. You don't have time to read up every single crypto out there, so you might think "Fuck this, I'm going to youtube" Where there's a tone of channels completely dedicated into crypto research. And that's fine as long you don't listen to amatures who has no idea what's his talking about.

And here's a couple of signs that they have no clue what they're talking about.

1. Positive Patterns = It's gona explode again.

Patterns don't mean shit. This is called the gambler's fallacy. The flaw in the logic is that it's a pattern and it's going to go up therefore it's going to return to it's all time high or even higher. This is pure speculation without anything backing the claim. There are a number of variables that price spikes. New deals, product being implemented with vendors, insider trading, live stream news, and etc. Now the same can be said for the opposite, except the effect is much faster. Weak hands drop like it's no one's business. And there's a case for it, a lot of people are afraid of loosing investments.

2. It's a Popular Investment, therefore it's a good investment

This is tossed quite a bit and people based their decisions because lots of popular channels are also investing. Don't invest because it's a bandwagon, research it and find out why is it a popular choice. Don't fall for appealing to popularity. They're lots of shit coins that have lost of blind investors. Don't be one of them.

3. Tai Lopez thinks it's a good investment

Ok this is often with anyone that happened to be successful or anyone who says they're an expert. Now there's a 2 part to this problem. First is the obvious; just because someone who made a lot of money from an investment, doesn't mean they can predict the market. But what's interesting is that they have a great influence in the speculative market. If an expects says "Ass coin is my favorite coin and I made a lot of money, you should buy" then what you're doing is FOMO (Fear of Missing out) If you impulse buy because there's a surge in price, then what you're doing is opening yourself up to pump and dumpers.

What you have to be careful here is that you're essentially doing is buying high, and selling low once people at the top already made profits and they will sell. In other words, you're already late for the party and they're just taking profits off of you. Remember, buy low, sell high.

All in all, the market goes up and down. There's lot of misinformation running on faulty logic and pure speculation. You want to invest because you believe in the product, regardless what the market is currently at, or what some amateur on youtube says about it. There's nothing wrong to get information about coins from youtube, just be sure you do your own research. Hope that helps, happy investing.