When First Getting Involved With Cryptocurrency 1-2 Weeks

in #cryptocurrency7 years ago

For everybody who is new to the market,

Do your own research (literally) don't listen to someone on youtube and let them make up your mind for you.

Do NOT put in more money than you are willing to lose.

Find an app to track your profit/loss (delta,blockfolio)or use an excel spreadsheet

Once you make your investments do not look at your portfolio every single day.

Do more and more research on the projects you invested in, and make sure you have invested for the right reasons not because you heard a bunch of people talking about it on reddit or youtube.

NEVER sell for a loss

Buy Low, Sell High - Be greedy when others are fearful, be fearful when others are greedy.

Just because of everybody says HODL HODL HODL, does not mean you have to hold a project for 6 months-1 year.

learn to consolidate your positions once you make back your initial investment or double take your profit out and play with house money .

Learn how to read charts , Technical Analysis Fundamental Analysis

Pay attention to what goes on in the news its not all FUD, these news reports also affect the market drastically

Do not try and time the market you'll end up losing money

Try and think outside the box, don't follow fashion

Stay Frosty !!

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