What is the best cryptocurrency investment advice you have?
Question originally asked on Musing.io - Click here to see other answers
Before investing any cryptocurrency, you have to analyze everything that it offers. You should consider the community behind the currency, project, and future growth of the cryptocurrency.
Don't just invest because it looks cool or having a fancy name or logo or your friends invest on it. Try to understand what's going on behind the cryptocurrency. If everything convinces you and you believe in it, invest on that.
One more thing, don't invest that you cannot afford to lose. And keep an eye on the market.
Disclaimer: I'm not a professional financial adviser. I will not be liable for any of your decision.
My best crytocurrency advice is invest your spare cash. Cash you can do without for a long time.
Yes, that'a a good advice. Thank you @kweenbrand :)
Usually i stay away from token. They bring good returns but they are not for long term holders. Most fade away in just 6 months. Most are ICO's. This usually means that 80% of these are scams.
Yes, ICO is very risky. To make any kind of investment, you have to consider the risk and the expected return of the investment. People are usually risk averse. Try to minimize the risk and maximize the return.
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