Greetings my wonderful friends of the LAKSHMI community. I am very excited to make my very first contribution post to this wonderful community. I must say after checking a few posts here, I am absolutely impressed with the value of the content in the community. In my first ever post I'll be sharing a list of top 10 best tips or guidelines to help anyone at all make good and profitable cryptocurrency investment.

Cryptocurrency which is a digital currency mined with computer and mathematical algorithms has been around for about ten years. Bitcoin was the first ever cryptocurrency and since then till now, thousands more have be established. Not all cryptocurrencies that were created have survived the test of time. Cryptocurrency has brought huge profits and losses to investors. Earning profits or losing capital when investing into cryptocurrency is almost always dependant on the kind of strategies the investor puts in place. This is what makes following these tips important to almost assure success of your cryptocurrency investments.

The first thing to always do before investing into any form of cryptocurrency is to conduct research on the cryptocurrency. Study the market trends and which cryptocurrency usually does well.

Never put all your eggs in one basket. Always have different crypto investments just incase one doesn't go well you can depend on the other.

Make sure that your plan or hope of how much you want to earn is sensible and possible. Don't aim at ridiculously high outcomes or profit results.

Always follow the news regarding cryptocurrency price values and changes. Follow the trends. It will give you more clues on what could happen to your investments.

It is important to only use cryptocurrency Exchange platforms with high reputation. You can check sites that review other sites to see other people's review on the exchange platform before trusting it with your digital assets. Beware of scammers out there.

Always make sure you understand or are fully aware of a long term investment decision before making it.

This is a very important advice. You need to put stop-loss orders on your investments so you don't lose too much just incase the value of your cryptocurrency investment goes significantly low. It's better to lose a bit than to lose everything.

Never make too risky investments decisions without exercising caution. When you feel it's too good to be true it probably is. Taking risk can lead to good outcomes but mostly leads to bad outcomes. Always look for ways to mitigate risk.

Never invest money you can't afford to lose. That's the best advice for any cryptocurrency investor. When you can afford to lose the money, you become confident in making decisions but when you can't afford to lose the money, you mix your decisions with emotions which mostly clouds your judgement in making the right choice.

Always seek information and advice from people with experience in cryptocurrency investments. Their knowledge will help you make good decisions and less mistakes.

Well I'll end my blog post here. I hope this blog was both entertaining and informative. I would most definitely be happy to respond to any concern, question, opinion, comment or suggestion you have regarding this blog topic. I am so happy to have shared this and I know it will help someone. I hope to see you in my next blog post. Have a lovely and blessed day guys. ❤️❤️❤️