Not bad, but it's a lack of information, there are too many factors to understand before starting to invest, and the truth that should reveal and the new crypto investors will learn. How about this, "invest what you can afford to lose".
As a new investor, this is advisable to them, "buy low and sell high" it's kinda playing safe while you're understanding the market, it's pretty basic and everyone will easily adopt it. No one will sell under the price where they bought it.
But did you know as an investor know should also know this "Not your keys not your coins".
Storing on a centralized or third-party wallet isn't good at all and I know you're just promoting your exchange which unpopular one.
Topic: Crypto Investing Myths vs Crypto Investor Reality - page 2. (Read 177 times)
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Never Invest When the Market Is Down
This is one of the misunderstanding of the market. Newbies get confused here most of the time but I think this is the best moment for investment because you can buy cheap and if you hodl it for a long time you can count more profit. This myth of the market is true and the understanding is being clearer that buying a coin cheaper is better to buy higher.
Crypto investing myths stopped many first-time investors from putting their money in the crypto. These myths can result in you missing out on growth opportunities and trading cryptocurrencies.
Well, it is time to reveal the truth behind the myths that may be holding crypto investors back.
Invest at the Right Time
You feel tempted to dive into crypto when everyone talks about how coins X or Y are a winner. Some experts say that is the right time to buy crypto coins.
The investor reality is that there is no “right time” for crypto investing.
The truth is that the market is impossible to predict. The market’s short-term ups and downs become far less relevant if you know this.
Pro-tip: The best time to invest is when you’re prepared.
Know Everything about the Crypto Before Start
The idea of knowing everything about crypto investing sounds like common sense because gathering information and doing research is an important part of investing.
The investor reality is this idea is so misleading.
In practice, crypto markets can sometimes move in ways that take crypto veterans by surprise. So if a new investor hopes to acquire the ideal amount of information, he or she isn’t ever going to get there. You have to take a leap of faith based on the knowledge you do have and keep a long-term strategy.
Pro-tip: Start with what you do know about crypto and keep learning from there.
Never Invest When the Market Is Down
When the market dips due to external factors like global disruptions or a spike in interest rates, unemployment, etc., buying on a dip seems bad. Crypto market downs raise the fear of further losses.
The investor reality is a down market could be the best time to invest!
Investing when the market is down is often known as a buying opportunity. Because when the dust settles, cryptocurrencies with solid underlying fundamentals and high potential price growth will return to and even exceed their earlier highs.
Pro-tip: Buy low and sell high.
Don’t Need to Invest Outside Retirement Account
Investing for retirement is incredibly important and should be a priority in our world. But retirement savings may not be the only investment and you may find you want more choices when targeting financial goals.
The investor reality is people may find more opportunities outside of your retirement account.
Crypto investing can offer many more investment choices and flexibility over a retirement portfolio.
Pro-tip: Understand your risk tolerance and identify your financial goals to invest in crypto.
It is Difficult to Become a Successful Investor
Crypto Investing is an ongoing process and it can be intimidating for newcomers. But when you start with a long-term strategy, you won’t need to track all the daily ups and downs.
The investor reality is most successful investors learn as they get started in investing.
Start by choosing cryptocurrencies with the potential to grow over a long period to help fulfill long-term goals such as buying a house, paying for a child’s college tuition, retirement, etc. So you can get to know how different crypto coins and crypto-trading platforms perform over time. It seems boring, but it works.
Pro-tip: Investing doesn’t have to eat up your life.
How to start crypto investing most easily and safely? Use the reliable crypto exchange EvBlock. EvBlock offers a secure platform, user-friendly interface, and support for beginners https://evblock.com/
Well, it is time to reveal the truth behind the myths that may be holding crypto investors back.
Invest at the Right Time
You feel tempted to dive into crypto when everyone talks about how coins X or Y are a winner. Some experts say that is the right time to buy crypto coins.
The investor reality is that there is no “right time” for crypto investing.
The truth is that the market is impossible to predict. The market’s short-term ups and downs become far less relevant if you know this.
Pro-tip: The best time to invest is when you’re prepared.
Know Everything about the Crypto Before Start
The idea of knowing everything about crypto investing sounds like common sense because gathering information and doing research is an important part of investing.
The investor reality is this idea is so misleading.
In practice, crypto markets can sometimes move in ways that take crypto veterans by surprise. So if a new investor hopes to acquire the ideal amount of information, he or she isn’t ever going to get there. You have to take a leap of faith based on the knowledge you do have and keep a long-term strategy.
Pro-tip: Start with what you do know about crypto and keep learning from there.
Never Invest When the Market Is Down
When the market dips due to external factors like global disruptions or a spike in interest rates, unemployment, etc., buying on a dip seems bad. Crypto market downs raise the fear of further losses.
The investor reality is a down market could be the best time to invest!
Investing when the market is down is often known as a buying opportunity. Because when the dust settles, cryptocurrencies with solid underlying fundamentals and high potential price growth will return to and even exceed their earlier highs.
Pro-tip: Buy low and sell high.
Don’t Need to Invest Outside Retirement Account
Investing for retirement is incredibly important and should be a priority in our world. But retirement savings may not be the only investment and you may find you want more choices when targeting financial goals.
The investor reality is people may find more opportunities outside of your retirement account.
Crypto investing can offer many more investment choices and flexibility over a retirement portfolio.
Pro-tip: Understand your risk tolerance and identify your financial goals to invest in crypto.
It is Difficult to Become a Successful Investor
Crypto Investing is an ongoing process and it can be intimidating for newcomers. But when you start with a long-term strategy, you won’t need to track all the daily ups and downs.
The investor reality is most successful investors learn as they get started in investing.
Start by choosing cryptocurrencies with the potential to grow over a long period to help fulfill long-term goals such as buying a house, paying for a child’s college tuition, retirement, etc. So you can get to know how different crypto coins and crypto-trading platforms perform over time. It seems boring, but it works.
Pro-tip: Investing doesn’t have to eat up your life.
How to start crypto investing most easily and safely? Use the reliable crypto exchange EvBlock. EvBlock offers a secure platform, user-friendly interface, and support for beginners https://evblock.com/
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