Welcome to today’s cryptocurrency lesson. In this article, we want to share our top tips for cryptocurrency investing with you. We are doing this so that hopefully you can learn from the mistakes and experience that we and other members of the cryptocurrency community, have made before and have experienced before. You can also visit https://trustedbrokerz.com/broker-reviews/ for Bitcoin broker reviews. So, let’s get started.
First and foremost, you are responsible for your own investments – not your friend, not your mom, not some random person on Twitter or on YouTube. It is your money, so take it seriously, and accept the personal responsibility of not only making your own investment but also making your own trading decisions and of storing your cryptocurrency securely.
Secondly, remember DYOR – this stands for “do your own research,” and it is a mantra of the cryptocurrency community. Again, it is your hard-earned money – so, do spend the time to learn about a coin or a token before actually investing in it. Articles, YouTube videos, and other experts on the Internet can serve as an essential part of forming your own opinion. However, it is not a substitute for reading the white paper, visiting the websites, and doing your own market research for yourself.
Coming to number three, be hungry to learn. Read, study, get the crypto news, read the white paper, etc. Check out our articles later in this site for more information on the best places to find reliable cryptocurrency information. The market rewards the studious and punishes the lazy. Decide which you want to be and act accordingly.
Next is number four, be ready to make a mistake, it happens to all of us. Anyone who says that they have never lost a trade or never lost any crypto or never …