#1.Never go all-in. After you have decided the total amount, you want to invest, for your first-time investment only spend part of it to buy whichever cryptocurrency you have researched and think is promising. Always have some cash at the side to buy the dip. This also reduces your risk of losing all the money when your expectation does not work out.
#2.Keep your cryptos in your hardware wallet and keep your private keys and seed phrases safe. Never leave your crypto in exchanges, because they might get hacked or go bankrupt. In those cases, you will lose everything and never get it back.
#3.Do not panic sell when the price is experiencing a fast drop unless you are already in significant profit and thinking about exiting. Normally whales use this strategy so that they can get cheap coins. Do not fall for that trick. Also, negative news affects the price of crypto, such as bankruptcy of exchange, some country bans the use and mine of crypto. In the past, prices tend to recover after some time.
#4.Know the risk-reward ratio. A coin is more likely to go from $1 to $2 than from $1000 to $2000, even though the increase is 100%. If your profit goals have been reached, there is no point to wait for some coin to go from 3k to 6k, while it could actually reach 6k, you are also taking a risk of losing your profit because the market is unpredictable.
#5.Diversify. Do not put all your eggs in one basket. In order to reduce risks, focus on large-cap cryptos which actually have real use cases. It also does not hurt to diversify into other assets, such as stocks and gold.
Most of people asking me which are best coins to invest Now when Bitcoin is standing at All Time high.So my opinion is you can invest in
$ADA which is currently standing at $0.36.
$PEPE is best investment it is going to set it's All time high if Trump wins election .and
$SUI which is already high But a safe investment.
#BTCBreaksATH #USElections2024Countdown #NovemberMarketAnalysis