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RE: Investing 101: 5 basic tips for beginners in cryptocurrency
I'm new to this so it's useful to me. I find myself making some dumb decisions and using emotions to invest, or not doing in depth research on newer alt coins about what makes them unique or different. I just jump on hype trains over and over.
It's great to hear that it's useful @jeremybro. Your own emotions can be your worst enemy, capitalizing on other people's emotions is another story!
Ouh let me second that Jeremy! :) Been there done that too, but that's how we learn!
Thanks @patcher for great tips! Recently wrote my own 10 commandments I follow when investing in CryptoCurrencies :)
Let me add the one I loved from Ray Dalio - "Remain Humble and Cautious - Always ask - What Don't I Know?"
I guess it goes together with Do Your Research! :)
And loved the quote you used here too - Try to be fearful when others are greedy and greedy only when others are fearful.” - Warren Buffet
If you are curious to see the post I did to continue learning here it is - 10 Ideas on How To Maximise Your CryptoCurrency Investment Results - https://steemit.com/bitcoin/@dainisg/10-ideas-on-how-to-maximise-your-cryptocurrency-investment-results/