We’re seeing a lot of people beginning to invest in the crypto space and so we thought it would be best to let you all know a few tips and tricks we’ve learned along the way during our journey. The only way the crypto industry is going to succeed is if everyone invests in the best way possible. While there is so much to learn before getting into this space, here are the top 4 tips we have for you if you’re investing in crypto:

DIVERSIFY YOUR PORTFOLIO

One of the biggest mistakes you can make as a new investor is putting all your money into a single coin. Most new crypto investors usually like to stick to Bitcoin. However, this decision soon costs them their entire savings. It is a common misconception that the only real coin that can give you decent profits is Bitcoin. You see, Bitcoin is a bit overrated and there are so many new coins in the market that offer a lot more than Bitcoin. The best thing you can do is invest in coins that are still growing and haven’t reached their full potential yet. This way once they do reach their full potential, they would’ve significantly increased in value.

Do not All in!

DON’T BE GREEDY

Most investors make the common mistake of waiting too long to claim their profits. They think that if they wait just a bit longer, the market will continue to increase in value which would give them much higher profits. However, what usually happens is the market completely changes its course and you’re left with much fewer profits than what you began with. Therefore, don’t be greedy and claim your profits once they are ready.

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Good things take time

PLAY WITH VOLATILITY

There are times when the market for certain coins becomes super volatile. What this means is that the market values for those coins start fluctuating constantly. This can be both good news and bad news, depending on what type of investor you are. If you are a short-term investor, this is great for you as you can take advantage of the unstable market conditions to make small profits here and there. However, if you’re a long-term investor, unstable market conditions may cause you to go a little insane. You just have to wait for it to pass.

Bull vs. bear crypto market

DON’T OVER-INVEST

The worst thing you could do is put your entire life savings into crypto. Even though this is a great industry to invest in, that doesn’t mean you should rely on it completely. The best tip we can give you is to only invest the money which you won’t hurt to lose. We want you to be able to invest in crypto and completely forget about your investment. The only way of doing so is by investing little by little and only to your limits. Never over-invest and this causes emotions to take over. When emotions take over, you tend to make bad decisions as you’re no longer playing with your head but with your heart.

Do not Over Invest !

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