You can reduce investment risk and the negative impacts of the investment by focusing on a few things. 1) Research constantly, but if you are the kind of person who gets swayed easily, don't check prices constantly. Have confidence in your approach. There will be bumps in the road. 2) Don't purchase Crypto with money you 'need' in any sense that directly impacts your quality of life. Crypto is highly risky and any money you actually need should be invested in much safer places. 3) Look at the fundamental use-case of the project, and only invest if you have a good reason to. 4) Whatever you do, wait longer than you feel comfortable waiting. Whatever a project is or isn't, it nearly always takes longer to become that thing than we imagine it will. Don't rush into buying unless there's a good reason. 5) Don't be afraid to take profits. profits are always a good reason to sell.
All of these are good points.
As am reading this, as meaty as it sounds. I was confused midway because I am not sure if you're encouraging me or discouraging me. After I read the whole thing, I was more convinced about not even bothering on being interested in any projects at all. Considering that the intentions of the project aren't as clear as it was laid out.
So I was thinking about making profits elsewhere. Since this one has a lot of risks.
