3 Things that You Need To Know Before Investing In Cryptocurrencies.

1.) Don't just invest when you don't know : Many have invested, lost their cash, and call Cryptocurrency a scam, of course, there are scam coins, so many different cryptocurrencies have been listed on various exchanges, meanwhile, not all of them are active today.

So, before you buy, make sure your trust your knowledge or your source of information.

Source

2.) Do not put all your eggs in one basket if you have a good portfolio.
And if you do not, Don't expose yourself if your portfolio isn't okay for it, try best not to buy thousand and one coin when you know your portfolio isn't big enough, because in your mind have many coins will give you more profit.

Little advice which I got from my mentor in crypto trading it's better you buy what your portfolio can carry because the truth is you can't buy all the coins in the world, so is better you buy fewer coins with a larger amount of money for maximum profit and if you see a coin with great potential, you can swap one of the coins you are holding with less potential or you feel like selling for the current coin you want to buy.

Try not to get too attached to one coin so when its time to swap you don't waste time, because the goal is to make profits here

3.) Before you buy, you might want to know the following about the coin especially if it's new.

1. Does the founding team hold a lot of assets? Are they prohibited from selling them all at the same time?
2. Are they trying to make money by overstating the value of their assets?
3. What is their goal? Do they have something meaningful to offer the real world?

If the answer is positive, buy
If the answer is negative, don't buy.

Thanks guy for reading, do have a lovely day

Posted Using LeoFinance ^Beta