Just a couple quick tips if you are thinking about getting into Crypto investing. 

I am not a expert and remember investing is a risk so do so with caution.

1. Before you invest in Crypto the first thing to understand is that the market is volatile meaning big swings in one direction or the other are common. For example a 2 or 3% swing in the stock market is rare but a 5 to 10% swing in bitcoin is not shocking. This all means that losing 10% of your investment in a day is a very real possibility. Understanding this risk is key to any investor in Crypto. That volatility is what also make Crypto such a draw to investors, increasing your investment by 10% in a day makes dollar signs show up in peoples eyes. The key with being new to Crypto investing is being willing to lose all your money. Do not use your rent or food budget to invest in Bitcoin! 

2. Have realistic expectations! Everyone thinks of the lucky ones who made millions off of the Bitcoin explosion and think that will happen to them. They get the idea that if they buy a coin that is cheap (stellar $0.06) they can spend $900 and get 15,000 of them and then when they go up to $10,000 like Bitcoin they will have $150 million! If it was easy to invest in Crypto and make millions everyone would do it so get those crazy get rich quick ideas out of your head.

3. Understand what the point of the coin is before you invest in it. Think of these coins just like investing into a company, you are not going to put $500 let alone $5,000 into a company's stock without understanding a little of what they do and how they plan on continuing to make profit in the future. Sadly many people pick what Crypto to invest in because they like its name, smh! Do some research about the company behind the coin and what they plan on doing with this coin. There is a flood of Crypto's that you can invest in but many of them will pop up and then disappear because they do not fit a valuable purpose. All the money people invested into these coins is lost.

4. FOMO (fear of missing out) Because of the drastic swings in price people get FOMO once a coin goes up by a few %, they then jump onto that coin just in time for it to go back down to where it was the day before. They missed out on the initial rise in the price and then bought in as others were selling to capture the profit they had made. Instead of making money they lost some. Unless you are following prices very closely by the time you see the large increase its already to late to take advantage of it.

5. Crypto Whales, there are those that either have influence in the market or have so much money into a certain crypto that they can manipulate the price just by buying or selling. Say a famous celebrity has $100,000 in Litecoin, they can get up and say I have decided to invest in Litecoin because I feel they are the new coin that will take the place of Bitcoin as a leader in the Crypto market. Everyone hears that and it drives the price up 25%, the celebrity then sells all their Litecoin with a nice $25,000 profit and after everyone realizes that they should not have followed the advice of some random person the price will fall back to its original trading price. Manipulations can also happen when there is such a small market cap for a coin. For example there is only $105 million in the total market of Holo, if someone bought $25 million worth of Holo the price would shoot way up and likewise fall drastically once they sold.