We must understand that investing cryptocurrencies is so risky that it can make our money run out in a short time, the best way to avoid big losses is to divide the money into various coins so that if there is a coin that goes down then we can still hope with another coin.
But as far as i can see, that doesn't really reduce the risk(maybe a little) but overall once you decide to invest, there is always risk involved and we cannot deny it. All i can suggest is that, keep on learning and study more about those coin you are investing, because behind each of those coins have their own platforms and their purposes why they decided to produce such kind of tokens, aside from it, you are also aware of their news and you keep tabs about what are the current events of their team and how they are doing, so you have the upperhand of what will be the next move of the market.
Exactly, I completely agree with you guy. In general, we don’t have any fixed way to avoid the risks. Honestly in crypto market, it basically requires risks, not only investing but also trading. Personally, I think that knowledge plays an important role in reducing the risks. Because as I know that when you have more understanding about coin which you want to invest, you will probably analyze the market easily. Besides, to keep an eye on market and take some research currently is also necessary for you. In brief, you’d better face with the risky and then finding the way to resolve it, that will be more useful than hiding the risk.