Hello guy's, 
These past few days, we have noticed a huge decline in cryptocurrency market, what we do refer to as "bleeding market". Many are complaining and asking what is going on.
There can be many reasons for a drop in price, but that's not what I'm here to discuss. I'm here writing on things you should do before joining the trading.
There is no doubt that crypto currencies have created a new market for investment. With digital currencies such as Bitcoin reaching values of over $19,000USD, cryptocurrencies are of extreme interest to mainstream media, consumers, and investors as everyone wants their own share in making profits. But we all know the vulnerability of the market, its rise and falls. So before you think of buying that crypto currency, I think you should do the following.
Do your research.
Everywhere you turn in crypto, there is another hot take or sure thing.
If you’re investing into crypto on your own, be sure to put together a personal due diligence checklist by asking yourself series of questions about the crypto.
Be responsible
Cryptocurrencies can belong in any investment portfolio but should be treated as high risk. Put 10–20% of your portfolio into crypto investments but always ensure your portfolio remains diversified to mitigate extreme risks. Do not take unnecessary risks.
Be realistic
Crypto purchases are notoriously oversold as rags to riches and 1000% gains. While that has been the case before, and may occur again, your investment strategy cannot hinge on this. Be realistic about your investment; consider the .com boom in which some of the highest market cap/valued companies of our time emerged but many, if not most, fell by the wayside.
Track your gains and losses
As crypto is global and doesn’t yet classify as a ‘real investment,’ many say capital gains don’t apply. Regardless, you should track your gains and losses for your own personal knowledge to see how your portfolio is doing. Know when to pull out.
