Three tips for Crypto Investing
Here are three tips that i have learned from the cryptocurrency market that i think are helpful.
If you are feeling panicked to buy - don't! Sometimes it can be tempting to make a purchase while prices are rising. If you are feeling rushed to do it, you might be happier waiting. These currencies are volatile and there may be a better price if you wait. Or, if it keeps going up and you miss the opportunity, there are plenty of other opportunities.
Build a basket. Picking which coin is going to have huge gains on a given day is tough. Choose a basket of coins you like so you have some diversification and then hold. Have a mix of big/medium/small market cap coins, blockchains, assets, etc.
Be comfortable with the declines. Again, crypto is a volatile asset class. Having some stop loss orders on exchanges could help you sleep more soundly. Big dips are also a great buying opportunity.
Resteem, upvote, and follow me if you like these tips
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and if things decline a lot, sometimes it's better to buy even more than to jump on the panic-train and sell