Know these 5 things before investing in Crypto Market!
Assalamu Alaikum
(1). If you collect funds for crypto currency investment, never invest 100% of that fund in a single coin, beware of this mistake, try to invest 10-20% of your portfolio in a coin, because if you invest 1 coin If you invest the full amount, then if it goes down, you will lose the entire amount, and if you buy 10 coins with 100% fund of your portfolio, there is no risk because all the coins will never go down at once, but it is not that risky.
(2). If you are a new trader, then this is the first thing you need to learn about the timing of profit retention
Let's say you bought a coin and you got a huge profit from it, then you got greedy to hold it for more time, then all your losses, that coin turned into a huge down, and your profit turned into a loss.
So you have to drop both greed and regret at this point, you are a coin
Buy with Target and Sell with Target, if you pump big after selling, there is no compromise, Crypto currency market means pumping and dumping.
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(3). Always learn to hold some stable coins like ALT Coin, always keep 10%-20% USDT in your portfolio, because we all know Crypto Currency Market is never in Stable or Green Mode, it crashes anytime, because the market is always news. By following, as soon as there is any bad news, it gets down instantly, if you have the Crash Market Hold Stable Coin, you can invest in the coins of your choice.
(4). Never do future trade, this future trade is called digital gambling, from this future trade you will profit for 7 days, and only lose 1 day, you will lose all your portfolio.
This Future Trade first when you go then the first time you win it will make you greedy then whenever you trade with big amount it is all over, this Future Trade will leave you Depression so try to avoid it as much as possible,
- (5). If you like a coin, and you think you will hold this coin for a long time, or hold it for a specific time, then join the social media of the project that you will buy the coin, and also join the exchanges because we often see Gets, Delisting of various coins has huge negative impact on those coins,
That coin becomes a huge down immediately, then if we join their social media then we can know the advance news,
And always keep in mind whether the social platforms of the coins you will buy and hold are active
Analyzing what the projects are bringing forward,
I think these things should be kept in mind, remember one thing, even if you make a profit, you have to bear the entire profit and even if there is a loss, you have to bear the entire loss, so before investing in any coin, analyze and know about that coin.
This is the end of today, everyone stay well, stay healthy, Allah-Hafez.
Of course, to trade in the crypto market, we need to trade carefully. You cannot buy a coin suddenly, you have to acquire knowledge about that coin. Need to recharge and invest 10$ usdt if I have 100$ dollars in my fund. The whole cannot be invested, there is no faith in the market and it is never possible to trade suddenly, we have to work with patience. He gave some very nice guidance.
Right bro i agree with you
Your post will help a new trader in his operations as well as serve as a warning to many old traders. Anyway, if I speak personally, I benefited from this post of yours, I will definitely apply what I learned from your post in my case, inshallah.
Thanks For your beautiful comment
Sure infact I believe its crucial to note these 5 points, so we don't make stupid mistakes, thanks for sharing.
Welcome Brother for support me
He gave us all a very nice detailed explanation about investing in the crypto market and also a very nice explanation. Thank you and best wishes to you. Hope to benefit from here in future.
InshaAllah I will remember these five important tips of yours. Hope these tips will help.
All five are good suggestions. I am agree with you except point number 4. For pro and analytical traders Future is a good option where profitability can be very high. Thanks
First of all I am very glad you commented on my post and gave your feedback.
Actually, Future Trade is a kind of gambling because here you have to predict whether the coin will be pumped or dumped, and according to Islamic rules, it is forbidden to make income by predicting, I don't like that. And Future Trade has some kind of risk so I think it is better to stay away from here.
Islamic rule event don't support buying and selling of any token or coin for gaining profit from it. Token or coin is created as medium of exchange. Theology don't suggest coin or currency as an asset rather tool to pay bills or receipts. You can check Mufti yourself sultan for better understanding.
Your comment is very instructive to me, I have not thought about this before.
A nice post presented bro. All investors should learn from this and then invest. I agree with your point 4. Because in this future trade anyone can be exhausted within moments. Thanks for sharing such a helpful post.