Top rules of Crypto Trading
Top rules of Crypto Trading


Being invested almost three years in the cryptomarket I've learned a lot. New players in the cryptospace can learn from my mistakes and take the following rules as my advice:

1. Only invest what you can loose (the cryptomarket is very very volitile market);

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2. Pay attention to Bitcoin (all altcoins follow the most valuable and well known cryptobrand)

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3. Diversify your portfolio (99% of the cryptoprojects will fail so don't put your money in one project)

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4. Do your own research (also called DYOR, only invest in what you understand and not what others tell you)

5. Don't be greedy (often a big price rise follows with a retracement, sell after a price rise en buy back in later)

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6. Don't buy a big rise (also called Fear of Missing Out, just wait en be patient for the inevitbale price retracement)

7. Learn from your mistakes (do not make the same mistakes, I should know because I've done it many times :( )

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8. Be patient.........

 

It's not easy to follow these rules, but it will guide you without emotions in the volitile cryptomarket. Take care and enjoy the ride!!!

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EdwinK
EdwinK

Crypto enthusiast, general manager


Cryptocurrencies? (Part 1)
Cryptocurrencies? (Part 1)

In this post I will explain in generally what cryptocurrencies are and how they work.

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