This may save you some headaches.........

If you just started in crypto you most likely have or will come across the following thought processes when you are about to buy a bunch of your favourite cryptocoins.

Finally the day has come, your account has been approved on the exchange, you convinced yourself and perhaps your partner that your money should be aimed at the cryptoworld and you are rearing to accumulate wealth.

You feel all excited about sticking your money in a coin that is going to possibly make you rich, but in the meantime, without knowing it your brain already is gearing up for this exciting event, changing the chemistry balance in your head.

Now I am no psychiatrist or pretending to be a neurological expert, but what I know as a Poker player is that when you are in a state of Euforism or a state of misery, you are better off walking away from the table sometimes.
I feel that this holds particulary true for crypto investment as in Poker you could argue you make a lot more decisions, which makes it statistically easier evening out some of your worse decisions with good decisions.

In cryptoland you make less decisions, you decide to go allin on a few coins and if in hindsight your decision was a mistake, it might take a long time to recover from it.

Balance is the key
Make sure you are balanced when making any decision!

Knowledge is power
If you are planning to invest into a coin, do your research! The more you gain information the better informed your decision making is, which will in the long term make you less likely to come back to your decision.

Patience!
if you are afraid of missing the ride, I would be careful hopping on a pump and advise against trying to hop on a ride that might fail to reach the next stop followed by a catapult in the opposite direction.
Don't expect to get rich overnight! Expect those times to be gone, we are dealing with a huge market with tons of coins that have potential and even though money can be made quickly, generally I advise the best way to get good returns is to select a coin and just hold it as long as possible. Think of that money as being gone and might possibly be available in a few years from now.

Wait for opportunity, in life very few decisions require immenent action, you are seldomly trying to catch a last train in crypto!

If you are about to buy in, you probably still should be saying to yourself there might be better opportunities.
Really figure out what a coin is about, it's competition and be active on the slack.

It takes time to gather information, do not make overrushed decisions.

changing and hopping onto other coins
The more you leave yourself open to marginal decisions the more you will face selling at losses. Every negative outcome over every decision will accumulate and subconsciously an imbalance is created that will influence your logic negatively.
Don't take selling your coin lightly especially when you sell at a loss! More often then not you are better off holding.

never catch a falling knife
When the market is crashing trying tobuy in on a vertically downward graph is a dangerous high risk method. Try to again wait and not panic buy, look for that point where you can find strong support. This is not easy.

Time is precious
You have done your research and this should have taken you quite some time, time that now will hopefully pay you off in the longterm.
Once you made your decision I would generally advise not to look at it anymore for a while. The best returns you get from holding and not selling at losses it is as easy as that.

Greed
Yet people are attempting to ride waves and want to see instant returns, greed generally will cost you.
Not only will it cost you money as greed will lead to imperfect decision making, it also has a negative influence on your life as a whole.
Time you should spent with your loved once ends up being being squandered by spending hours/days/ weeks tracking yourinvestment.
Whilst holding is most likely the best option, gives you peace of mind and allows you to stay balanced in life.

Crypto volatility takes time to understand
It takes time to understand and have the nerve to leave your money in a market that is going down, but what holds true is that if you sell below the original price you have decided to take your losses.

Again taking your losses or your winnings has to be viewed with certain care as future decision making will be affected by it.

Literally for all my investments that I made in crypto I should have never sold with a loss. In a market that is overall going up the likely hood is that all top 100 coins with a unique busines case will grow and reach their original levels at some stage.
This might mean you have to wait weeks/ months. It doesn't matter if you did your research you knew what you got involved in,
Crypto is a zero sum game, some people will lose, others will gain.

whales
The smaller the cooin amd lower the marketcap the bigger the manipulation can be by wealthy individuals, or even a group of individuals that combine their forces to pump and dump the price.
Don't fall for these traps and aimply never buy in when a line goes straight up, you are better off waiting for the next dip.
Most likely another pump will happen in the future.

psychological game
So be warned, investing is a psychological game and a game of patience. Keep your expectations low, stay grounded and do not panic sell. Before you invest don't lose track of what that money means to you in the real world and think strongly about if you really would buy into a concept if you were in the real world coming across a shop that would offer you a similar product.

Most tips are blatently obvious, but I believe that so many new investors make irrational rushed decisions, that perhaps this may help to create a helicopter view. A big picture that will allow you to take a deep breath and stay rational!

All the best in your next investment decision!