Thinking about investing in crypto?

Great! Here's what you need to know.

First of all, the golden rule of any investment – DO NOT INVEST MORE THAN YOU'RE WILLING TO LOSE
No matter how good the opportunity, no matter how smart or skilled you think you are, there's always a chance that you'll lose everything. So, be careful.
Second rule – DIVERSIFY
The next best thing preventing you to lose every thing is that you don't put all your eggs in the same basket. In this case, all your money in only one cryptocurrency. There are more than a thousand of them at the moment, and 90% of them will for sure fail. It's not easy to pick the winners (I'll list my favorites next time).
Third rule – KNOW WHAT YOU WANT
Are you here just to trade crypto, and make some money right away. Or do you want to invest for the long term? Of course, you can do both. But you won't pick the same coins in both cases, at least not every time.
If you want to trade daily, you'll use technical analysis, look for trends, big news that might be coming, etc. But let me warn you, more often than not, you'll lose. Trading really requires a lot of time, a lot of analysis, a lot of hunch and luck to be at the right place at the right time. And as of course, the greater the potential gain, the greater the risk.
On the other hand, if you want to invest, you'll look for a coin that has a good adoption, acceptability, good potential with a good team behind it, etc. Basically, here you want to pick coins that you won't just sell for a profit sometimes in the future, but actually use them.
Forth rule – DON'T BE EMOTIONAL
This is mostly for trading. The market is still very young and very volatile. Sometimes (probably more often than not) it won't go as you planned it. You'll buy a coin certain that it will go high up, but suddenly it will do just the opposite. DON'T PANIC, HODL! This is normal in any market. Try to find out why is it happening. Look for the news, look is it a global trend and only then act.
Also, DON'T FOMO (fear of missing out). You'll see a coin doing great, reaching new highs and you'll thing „I must buy this now of I'll miss my chance“. No, you won't. Almost every time after a major run up, there's a price correction. You'll get your chance. And yes, you will miss some. But it's safer this way.
What you want to do is BUY WHEN EVERYONE ELSE IS SELLING and panicking (and the price goes down), and SELL WHEN EVERYONE ELSE IS BUYING (and the price is going up).

Fifth rule – BET ON THE JOCKEY, NOT THE HORSE
Sometimes you'll find this great idea, great ICO and you'll think that this must be the safest investment ever. NO! Anyone can have a great idea. But you have to ask yourself, can it bed one? And far more important, can the TEAM behind the idea do it? Check the team, check their profiles, anything you can find online. And if it is a good team, is it big enough to deliver?

Sixth rule – SAFETY, SAFETY, SAFETY
SAFETY! Maybe the most important. Watch out, there are a lot of scammers out there. Buy crypto only on big, established and trusted exchanges. Choose your passwords wisely. Double check everything. Suspect everything. Use only trusted sites and official links. NEVER USE LINKS SOMEONE POSTED ON SLACK, FORUMS, ETC. Never keep your coins on exchanges (unless you're trading them soon). Use private wallets. Keep your private keys SAFE, NOT on your computer. If you can, use hardware wallets. It's your money and you're the only one responsible for it, there's no backup or safety option.

That would be all for the first time, I'll get more into details in the next posts.

STAY SAFE AND HODL!