MANIPULATING CRYPTO MARKET

in #nigeria7 years ago

There has been huge investment in the crypo market mostly new investors looking for the next big hit, These has led to inflation with people making fast profit and sometimes putting there money on investment that they know little or nothing about, hence people loose there investment but there are some ways to make more money from crypt currency such as ;

image
source

     * In most case holding your coin over the year will give you more profit than trading it,it has been confirmed that most people that make more money from crypt market are long time holders and those that trade most times end up making little profit.

     * Ensure you research and learn about the coin you are investing your money, these is important since some new coin are just scams and a lot of people are falling victim daily. Check the roadmap of the coin, how they are generating there value and how they will achieve there target market value.
   

      * Don't invest more than you can afford to get locked in for a long time, These is important in case of market crash because its help you to remain calm and relax to see if the coin can gradually recover like Bitcoin is doing currently.

image
source

      * Don't rush to buy a coin due to massive inflation, some times most of these sudden inflation is just a scam to get people to buy and those people end up as victims and eventually loose there money because they are trying to get rich quick.
Sort:  

Congratulations @solomonpeter! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments

Click on any badge to view your own Board of Honor on SteemitBoard.

To support your work, I also upvoted your post!
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!

Coin Marketplace

STEEM 0.29
TRX 0.26
JST 0.039
BTC 94848.07
ETH 3393.21
USDT 1.00
SBD 3.44