The cryptocurrency market is a very technical and volatile one that needs to be well understood before investing in other to minimize your losses and maximize your profit
Well alot of strategies has been put out there some by expert some out of experience. So from my reseach here are a few tips
Start low and grow your self. It is best to start investment small and then gradually grow your self. Avoid being greedy it can cost you negatively
Keep a constant observation on the market. The cryptocurrency market is volatile and is prone to changes so make is a priority to always look into the market. A good observation on issues like; which coin is worth buying and holding for future purposes, which coin has the highest market cap, which has no value, which coin is constantly being shilled.
Try investing in not just only one cryptocurrency; it is
very wrong to put all your money into one coin. there are some coin in the cryptocurrency world like bitcoin and ethereum that are good for investment but statistics has shown how good ripple can be and the growth is quite OK. So you can diversify in investment and invest in more than one coins to minimize your risk and losses
For newbie is not necessary to start with huge money. A simple 200$ can be substantial. Your cryptocurrency wallet need to be set up then you can purchase bitcoin and ethereum why because this two coins are currently the biggest and has a higher level of safety. When you've begun exchanging and contributing, you'll see over some stretch of time a few monetary standards will improve the situation than others.
For example, you've watched Bitcoin's market and it has gone up though Ethereum has gone down, you can drag your assets to the higher money advertise. This implies, you can play around as indicated by what's working in the present market and always reallocate your cash
After you must have understood then you can increase you capital from 200$ to 500$ and the gradually you will get to the moon
Topic: Investment strategies (Read 115 times)
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