What newbie needs to know about cryptocurrency before investing in it

When it comes to cryptocurreny what to learn is endless but they are some basic things that you just need to know in case of some certain things. On my last post I talked about how I attended different hosted seminar that talks about cryptocurrency. That is the first place that built my confidence when it come to the cryptocurreny space. I am one of those that benefitted a lot from the seminar, it exposes me to a lot of things. I will advice newbies to keep attending cryptocurrency seminars, it will at the end help them massively.

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I am so much in pain seeing that such seminar is no longer effective. I was thinking of running mine before Corona Virus sets in, this put the dream in a set back as people were afraid to attend any congested gathering where different people will be in unity. Nobody wants to contact the virus. They were no appropriate measures put in place by me to ensure that people are checked thoroughly to curb the spread of such deadly virus, this is why I decided not to allow such program run. But I must confess that I am really sad seeing that I can't pass knowledge of cryptocurrency to others through such
medium. I am so much happy that with social media, at least I can now educate others on what cryptocurreny is through my channels or other medium like Hive, Steemit, Facebook, Whatapp, Telegram, Tit tolk, Instagram, Twitter, Zoom, Dlive, Youtube, Dtube etc.

Knowing about cryptocurrency is one of the best thing that can happen to any body in this world. This is currently the most talked about thing recently. One good thing about cryptocurrency is that it is a life changer for those who understand the powers behind it. On my last post I mentioned that those who are not ready to learn about cryptocurrency or those who are not ready to key into cryptocurreny will pay the price as time goes on. Just like the way some of us are holding our father and forefathers accountable for what we are passing through or rather still how we have missed out on wealth seeing that some of our friends their parent are so wealthy leaves us with no choice other than get angry on our fathers and forefathers for failing to secure the bag.

Just like the way such blame is been channeled to those people i.e our fathers and forefathers, that is how our children will do same to us if we fail to secure the bag now with the trending tag, cryptocurreny. They are so many ways to get rich but following cryptocurrency will give you the life that you deserve. If you want such life, it is better you key into cryptocurrency now so that you won't be blamed by your children or grandchildren.

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As a newbie, they are some basic things you need to know as long as cryptocurrency is concerned. This basic guide will help to sharpen your brain as it prepares you for what is ahead. Some of the things to know in cryptocurrency before you as a newbie will invest in it. Include;

i. Read whitepaper: The white paper entails everything you need to know about the cryptocurrency project you want to venture into. This will contains their plans about how they want to fare. This is usually called their road map. All the things they want to acheive with their project will be spelt out in other of importance. Once you get an idea of this, you will be able to know if it is good to invest or not.

ii. F.O.MO: The meaning of this word is simply fear of missing out. This is one thing I have always love people to control, don't get carried away with any project without digging out for proper information. I have seen a lot of people getting wreck on this. When they sees a lot of project doing well you will see them picking interest in the project and because they sees that others are into the project, they will want to key in, this is where some person get wreck. Just not to miss out on the progress of some coins, you will see some person's buying the top at the end, they will get dumped on. This act can get you wrecked, treat it with caution. Before you F.O.M.O into anything you have to research about it properly. Try to know the reason for the rise in price before keying into it.

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iii. Have a team of same mindset; This is one aspect I considered very vital too. Having a team of same mindset helps you to achieve your dreams fastly. With such team in cryptocurrency you will be able to move faster as you will see different person carrying out different task for the team progress. This will sees you guys achieving apex faster than expected.

iv. Why trading apply stop watch: Why you are trading make sure that you always don't joke with stop watch. Make proper use of it to avoid stories that touches.

v. Join project group before investing: This is very vital before you invest. Make sure that before you invest your money into any cryptocurrency project you should first of all make sure that you join their group and see what they are doing there. Once you are in such group you will be able to learn more about the project and you will be able to know or verify if they are serious or not.

Conclusion

I will end the post here and I hope as a newbie you are able to learn from this message. For your information this post should not be limited to just the newbie a lone, we all needs this guide when it comes to making investment choice in cryptocurrency. Thanks for reading, remain bless.

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