I keep seeing people asking the same questions and I admire the patience of members who always look to help people out even if it is the 50th time of answering.
So if your new the best thing you can do is learn learn learn before you invest.
I know so many people who have been burnt in this world through investing blindly, trusting people and just being negligent looking for that quick buck.
So I am going to list 5 things you should do before making any investment:
- Learn how to research a coin to enable you to buy at the correct moment owning your decision making it the correct decision.
- ***Never put your Crypto into any platform that overs an ROI in interest such as Bitconnect, USI-Tech, and Mize etc.***
- Learn about Security of your Crypto. Such as cold wallets, encryptions and off device storage of keys and backup phases.
- Learn the basics of trading. Buy low and Sell high. Or even Sell high rebuy low by using moving averages to enable you to react on what is happening right now.
- Learn how to adapt to enable you to keep your profits and your losses low. Hodling never works in a bear market so be aware of what market trend we are on.
Cryptocurrency is still in its early phase, many more people will come into this world after you, ensure you learn now so you don't have to in the future. Please be aware of the speed of this industry, it is super fast and can change overnight.
*** More a rule than a learning point...