The best tip for investing in cryptocurrencies is discipline, there are many courses that say that trading is mental, you need a lot of discipline to be able to trade successfully and make a profit and that is really something true, today I want to give you some tips for investing in cryptocurrencies because many people wonder this and that's why I decided to talk a little about crypto investment.
Another very important thing is simply that there is not only crypto trading but also other investment opportunities such as Defi investments or NFT games.
There are investments that are a bit more complex and above all decentralized, such as the investments offered by Leofinance, and I think this is something to take into account. For example a good investment in DeFi from my personal opinion can be CUB Finance and splinterlands liquidity pools.
But there are many other investment options in cryptocurrencies as can be the tokens that we can find in hive-engine and as for example I want to take the BRO token or the LBI token, they are simply not very well-known investments outside Hive Blockchain but they are really worth a lot.
For example, the LBI token is a one-of-a-kind mutual fund that generally generates you weekly dividends in $LEO and the BRO token basically is a token that you can buy on hive-engine.com or leodex.io and if you have 10 in your wallet you can opt for upvotes from the @brofi account and his content curation trail and it generates you dividends in $HIVE weekly.
My tips for investing in cryptocurrencies
My best advice is to know very well what we are doing, for example, we are Hive users and we know that this is a decentralized Blockchain and we really take into account the amount of users in the ecosystem and that is something that really gives us security to invest here in Hive.
Another thing is not to give your keys and login information to anyone.
Another very important tip is to know the Blockchain where you want to invest and especially if it is decentralized, if the investment is decentralized perfectly, then make sure it has a number of daily active users, such as splinterlands that has a number of users over 100k investing and playing daily.
Conclusion
If you want to trade, invest in DeFi or invest in anything else Blockchain based my best advice is to just know very well where you are putting your money as I think it is the best thing to do before starting an investment.
Another thing to keep in mind is knowledge, we can invest in courses or books to increase our knowledge and that is what will really take us far, but make sure that the course has time in circulation and is all in good condition.
I remind you that mental health is the most important thing. A big hug.
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