PHRenzkie_28 papz
Eternal Poster
✔RULES OF CRYPTOCURRENCY
1. ONLY INVEST WHAT YOU CAN AFFORD TO LOSE
You need to have a big heart when you plan to invest in cryptocurrency as you should be in a position to digest the fact that the money spent on cryptocurrency is lost forever. This belief will keep you calm and let you trade with your brain instead of your feelings. The lost will not only result from market dips but h.a.c.k.s, bugs, and government regulations will remain other important things that can cause you harm. Therefore, you are advised to invest the money you can afford to lose so always make a careful decision after reviewing the current financial situation.
2. ALWAYS PAY ATTENTION TO BITCOIN
Since all the cryptocurrencies are closely pegged at Bitcoin, therefore, direct impact of Bitcoin's price on all altcoins. If the price of Bitcoin is experiencing a drastic hike, the price of altcoins falls because people look to exit altcoins to reap the Bitcoin revenue. Similarly, if the price of Bitcoin is moving, people prefer to replace their altcoin with fiat money to avoid loss. Altcoin is highly likely to grow when Bitcoin shows organic hike or decay or stays unmatched.
3. DIVERSIFY YOUR INVESTMENT IN CRYPTOMARKET
Investing in a coin gives you the opportunity to earn but it comes in equal opportunity of loss as well. A smarter way of investing in cryptomarketing is to spread your investment to more than one coin. Do not just put all your eggs in a basket. The best way to safely get the overall growth of cryptocurrency is to diversify and reap the benefits of growth from multiple coins.
4. GREED MUST BE AVOIDED
Greed adds as a certain coin begins to grow. Earn profits when coin making is good and the green candles get bigger and better to get some of the profits even before reaching the goal set. It is called play safe and risk management. Waiting too long or following the greed of getting to the higher point, you risk losing the profit you earn or even making profit at a loss. Getting profit and re-entering the market again to earn some extra income seems to be sensible.
5. NEVER TRUST BLINDLY
The Cryptocurrency market is highly speculative, therefore, it is never trustworthy to others that may mislead you to invest in the market. A good investor should do his or her own research to take responsibility for potential outcome results. Information that comes even from most trusted sources does not promise success, so the blind trust is not advised.
6. FOMO IS HARMFUL
Greedy, investing blindly, and FOMO are the main factors that make an investor make a bid at a very high time. It should be clear now that if a coin is fast hiking, it will be correct because it is only a matter of time. Spurulative shoes are almost always followed by dips. FOMO will not help you.
7. LONG TERM INVESTMENT
Make some investments with some coins that you will handle even during dips. Holding should be a tactic for some convertible coins and wait patiently for the right time to reap the benefits.
8. MISTAKES ARE TUTORS
Yes! The mistakes are the best teachers and you should learn from you. When you do not repeat them you will be well. These mistakes are made by everyone but the truth is that if you want to be a better entrepreneur you need to learn from your mistakes and try not to repeat them.
9. USE STOP LOSES FOR ACTIVE TRADING
Always set losing loses for coins that you do not have your long-term investment should be held. Setting the loss of loss may light your losses and gives you the opportunity to re-enter the lower prices that are kept fresh and alive in the cryptomarket.
♡THANK YOU MGA KA PHC♡
1. ONLY INVEST WHAT YOU CAN AFFORD TO LOSE
You need to have a big heart when you plan to invest in cryptocurrency as you should be in a position to digest the fact that the money spent on cryptocurrency is lost forever. This belief will keep you calm and let you trade with your brain instead of your feelings. The lost will not only result from market dips but h.a.c.k.s, bugs, and government regulations will remain other important things that can cause you harm. Therefore, you are advised to invest the money you can afford to lose so always make a careful decision after reviewing the current financial situation.
2. ALWAYS PAY ATTENTION TO BITCOIN
Since all the cryptocurrencies are closely pegged at Bitcoin, therefore, direct impact of Bitcoin's price on all altcoins. If the price of Bitcoin is experiencing a drastic hike, the price of altcoins falls because people look to exit altcoins to reap the Bitcoin revenue. Similarly, if the price of Bitcoin is moving, people prefer to replace their altcoin with fiat money to avoid loss. Altcoin is highly likely to grow when Bitcoin shows organic hike or decay or stays unmatched.
3. DIVERSIFY YOUR INVESTMENT IN CRYPTOMARKET
Investing in a coin gives you the opportunity to earn but it comes in equal opportunity of loss as well. A smarter way of investing in cryptomarketing is to spread your investment to more than one coin. Do not just put all your eggs in a basket. The best way to safely get the overall growth of cryptocurrency is to diversify and reap the benefits of growth from multiple coins.
4. GREED MUST BE AVOIDED
Greed adds as a certain coin begins to grow. Earn profits when coin making is good and the green candles get bigger and better to get some of the profits even before reaching the goal set. It is called play safe and risk management. Waiting too long or following the greed of getting to the higher point, you risk losing the profit you earn or even making profit at a loss. Getting profit and re-entering the market again to earn some extra income seems to be sensible.
5. NEVER TRUST BLINDLY
The Cryptocurrency market is highly speculative, therefore, it is never trustworthy to others that may mislead you to invest in the market. A good investor should do his or her own research to take responsibility for potential outcome results. Information that comes even from most trusted sources does not promise success, so the blind trust is not advised.
6. FOMO IS HARMFUL
Greedy, investing blindly, and FOMO are the main factors that make an investor make a bid at a very high time. It should be clear now that if a coin is fast hiking, it will be correct because it is only a matter of time. Spurulative shoes are almost always followed by dips. FOMO will not help you.
7. LONG TERM INVESTMENT
Make some investments with some coins that you will handle even during dips. Holding should be a tactic for some convertible coins and wait patiently for the right time to reap the benefits.
8. MISTAKES ARE TUTORS
Yes! The mistakes are the best teachers and you should learn from you. When you do not repeat them you will be well. These mistakes are made by everyone but the truth is that if you want to be a better entrepreneur you need to learn from your mistakes and try not to repeat them.
9. USE STOP LOSES FOR ACTIVE TRADING
Always set losing loses for coins that you do not have your long-term investment should be held. Setting the loss of loss may light your losses and gives you the opportunity to re-enter the lower prices that are kept fresh and alive in the cryptomarket.
♡THANK YOU MGA KA PHC♡