🌊 The 🦈 shares interesting facts🌊
about the crypto sea
For anyone starting out or who is still fairly new to the business, there are a few things you should know to avoid the mistakes that many of us have probably made before. If you throw yourself into the market without any prior knowledge or information, you quickly make wrong decisions and the market usually leaves you with a loss. In the worst case, everything you have invested is gone. That's why I've put together some information that might be helpful for many of you.
Don’t put in more than you can afford to lose The complete crypto sea is riskier than many other investments. Nothing is guaranteed on that stormy seas. The prices of crypto coins swing wildly from minute to minute. While the market is basking in the glow of bull run, it has endured painful and protracted corrections and almost certainly will again
Probably the most important and at the same time most obvious, you have to know what you are doing. understand what you see, act thoughtfully and not emotionally. Keep a clear head, don't be scared straight away if you've bought something too high, the important thing is to see and understand. Can the tide turn again for me? how long is it going to take? You therefore have to be very careful, especially these days, because it may well be that current investments will only pay off again in a year or two.
Resarch is the Key Before you invest a significant amount of money take your time and researching the technology so you understand the value proposition and the risks. Read everything you can find on the topic. Lurk on community forums and developer mailing lists. Ask lots of questions. If you don’t understand what you're hearing, don’t be afraid to ask someone to explain. The sincere ones will take the time to help, but even then be wary of people “talking their book” (telling you to buy what they own so the price goes up). Once you think you’ve researched everything there is to know, do even more work. You’re probably not done yet
