Crypto has made their stance it is not going anywhere. However crypto is a dangerous avenue where your funds can be instantly evaporated. Here are a few tips i wish i would have known before trading.
First:
Always make an assessment before making a purchase buying anything blindly will end up in the loss of money. You would not go to Walmart and buy any underwear without reading you would get home and they could be way too big to wear.
Second:
Never fomo (fear of missing out) this will ruin you like it did so many with ripple. Be patient if you feel like you have to invest you should not. Always buy at all time lows chances are it will go up rather then go down.
Third:
Its better to avoid watching YouTube videos that tell you to buy certain cryptos. 90% of these are paid advertising which means they were paid with the crypto to make the video to increase price you will end up buying then get crushed as the price falls because they sold.
Fourth:
Never risk more then you can lose. when you absolutely need the money and you invest in a risky venture you can always assume you will lose everything.
Fifth:
Be aware of fees per transaction they can be very expensive and if you keep swaping what your invested in it will dwindle down before you realize it
Now you can take these tips all with a grain of salt but if i would have known this stuff prior to initially investing I would have been much better off.
Thanks for taking the time to read
