How To Properly Invest in CryptoCurrencies !steemCreated with Sketch.

in #ethereum6 years ago

How To Properly Invest in CryptoCurrencies !


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When I first learned about trading , I thought that this was pointless looking at flashing numbers and overall hearing stories about people making a ton of money. Honestly it sounded to good to be true, but like anything that sounds easy it's not. Honestly it took my 2 years to understand just how the market works and how it's a creature that lives and thrives on peoples money. Some people just throw away money hoping that it grows in return. Like trading the market is basically odds and scenarios. Who can have the best scenario in their head wins. I know this sounds silly but it's true. So what does the market have to with Cryptos?

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They are closely related , people both throw money at cryptos and the market expecting huge gains in return and it doesn't work like that. Both are filled with scummy people who are just waiting and preying for your money . Doing anything that can to get a buck. Tokens for example run on a platform and tokens are minted everyday and 98% of them are fucking garbage and that's the truth people need to learn but they don't . So when it comes down to it. The best way to be ahead of this market is buy Ethereum. Needless to say you can buy all sorts of Cryptos just risk about 1 to 2 % of your money so lets say . For example you buy a token named XYZ and you have 100,000 dollars. So you have a overall position of 1,000 dollars in XYZ. XYZ is currently a 1 dollar per coin. So let's say it went down to 0.50 cents . Your only losing .005 % !

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That's nothing !! you can sleep comfortable at night knowing you losing a small percentage of your money . The Crypto market is the wild west and you should never risk anything you willing to lose . Never take out a second mortgage and buying a bitcoin hoping that it will go up 500 % . This can be all gone tomorrow and you have to risk only what you can lose that's the name of the game. Also have a portfolio , don't put your eggs in one basket . Invest in many different cryptos . Ethereum is not the only one in the Crypto space. Theirs others that are very promising and maybe be the Crypto of the future. All I know is that in the upcoming years there's gonna be new minted Crypto millionaires . That's for a fact. Well I hope you enjoyed and learned some things.

So as that said I hope you found this information useful

-This your pal Jon

Stay Classy Steemit.

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First rule;never invest in ICO.

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