Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, Dealing with crypto market is not an easy task. Crypto market is one of the most volatile market of the world, where pump and dump is part and parcel. In such situation, doing investment is pretty challenging. There are few points which may help to keep your investment relatively safe.
source
1 Don't invest in a project which has not a good used case. Always try to find the project which has good use case. There is no problem if the coin loose its worth if coin has good used case. It will again pump up in the next bullish run.
2 Never every invest on a project which offers huge return. Just remember the Luna project which offered higher return as compared with market. However, coin observed massive collapse.
3 Never invest money on others idea. I am not against the taking advantage of other idea but it'll never help to get some skill. Infact, you must do your own research. Remember we all commit mistakes. It is better to learn from our own mistake rather than blindly following the other. In the end loss and profit belongs to us.
4 Read whitepaper before investing any project. It is better to understand the tokenomics before investment. Good way of understanding tokenomics is comprehensively go through the white paper
5 Keep you investment in hard wallet. Even a decentralized wallet is better than keeping your asset in exchange. Hardwallet and decentralized wallet give sense of ownership to the investors. You can easily move your fund any time.
6 Check audit report before investment. It is an other importance aspect which may help to save your investment.
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.