What Is the Best Advice for New Crypto Investors?

683 viewsGeneral Discussions

What Is the Best Advice for New Crypto Investors?

A lot of beginners enter crypto every day without much knowledge. What advice would you give to someone who is just starting in crypto?

Lashini Fernando Answered question
0

Never invest money you can’t afford to lose. This is basic advice for all investors across crypto, stocks, etc.

Bulls/bears make money. Hogs get slaughtered. Don’t be too greedy. This is basic advice for all investors across crypto, stocks, etc.

Get some type of hot or cold wallet. CEXs can have their issues. Having an extra layer of security is better for you over the long run.

Follow institutional investment and diversity your portfolio. You can take some risk in other stuff like memecoins, microcap tokens, etc. but understand that they can end up in rugpulls that cause you to lose most of your money if you aren’t well-positioned. Institutional investment means liquidity is likely to flow into those coins/tokens from deep pockets and give you a better chance and walking away with some type of profit if you aren’t too greedy.

Lashini Fernando Answered question
0