Investing your money into crypto can be remunerative most times but not all the time as most investors buy at the top while waiting for it to rise but it's a 50/50 probability if it would rise or not.
After hearing the testimonies of people who invested into the world of crypto we would want to try out luck and invest without checking it's starting price,that makes us buy at the top which is a probability if the coin would rise more than that or fall into dip and loss our capital.
Crypto isn't stable except if you invest your money into stable coins like USDT and FLEXCOIN,those are the two stable coins but they don't rise as they are stable.
Most times we are influenced by the media and masses of people who spread the news of how crypto has helped their life and without reasoning we invest into our money into it and waiting for it to rise without analysing it's initial starting price and checking the chart.
Most times we might be lucky to buy any cryptocurrency and see it rising but those luck don't come always,we need to check the chart from time to time and analyse everything about the coin before putting our money into it,most people have lost billions of dollars by investing,I remembered the rug poll which happened early last year where some anonymous people created a token for people to buy and when they saw that they had the right amount of people they carted away with their hard earned money, we just need to be smart in the crypto field or else we'll loss our capital.
One little mistake in the crypto world can make us loss our money so we need to be careful and analyse the chart of any tokens we want to invest into before putting our money into it.
You can find out some tweets on the twitter from crypto guru's who have tons of followers and are willing to share their investment strategies with their followers, while learning from their strategy we need to apply the DYOR (do your own research)on the token before investing as we have no one to blame whenever the market didn't go as planned.
WHEN NOT TO BUY.
When there's too much hype on the coin and it is booming I'll advice we don't take the risk to buy then as that's the time investors would be removing their profit from it which might make the market crash and enter the dip.
WHEN TO BUY.
When you notice a decrease in any crypto which makes it look doomed and red and checking the prices to find out that its 80-90% down that's the right time to buy and hold till it rises again.
There's no certainty that it won't dip more than that but staying at the average is a good buy for investors,we need to invest wisely and invest what we can afford to lose so we aren't left with nothing,crypto is all about being smart,you can gain in crypto and also make loss in it,it all depends on the step you take,just to be on the safer side let's try to invest what we can afford to loose.
That's all for now.
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Thanks for reading....I hope you find my content useful 🤗❤.
