What need to know to invest
Investment: An investment is the purchase of a currency or something with your capital. Investing will be profitable for us. But, I like to invest in crypto. So, today I will discuss in detail with you about crypto investing.
Everything you need to invest: 1. Capital 2. Crypto experience 3. Choosing cryptocurrency 4. Patience 5. Greed control If you know all these things to invest in the crypto world, then you can make a profit by investing. I will discuss 5 topics in detail below.
1. Capital>>: First of all, you need capital to invest in the crypto world. You can't invest if you don't have capital. However, you can start investing with a small amount of money. You must have capital to invest. If you do not have capital, there are many sites to earn cryptocurrency. You can earn by working in them. So, you start investing with less money and if you make a profit, your capital will increase. Therefore, capital is required to invest.
2. Crypto experience>>: Without the experience of the crypto world, you can't make a profit by investing. Because without experience, you don't know which coin to invest. There are many scammers in the crypto world, and if you buy scam coins anyway, you will lose your capital. If you have experience in the crypto world, you will know about all the coins. You can find out from which wallet or exchange site, coins can be bought and sold. In a word, without experience in the crypto world, you will not be able to make a profit by investing, and even if you do, you will face losses.
3. Choosing coin>>: Choosing a currency for investing is a very important issue for me. You have capital, and you have experience in crypto, and then you will select to invest good coins, then you will get good profit. You can also decide to invest in new project coins and popular coins. However, before investing in currency, you should invest by researching all the currency websites and all the information. However, you can take the advice of those who have a crypto expert near you. However, it is better to invest and select the currency by doing own research. You can select Bitcoin cash (BCH) to invest. However, currently the price of BCH is much lower, so you can DCA.
4. Patience>>: You need patience to invest. The price of cryptocurrency fluctuates. And, if you can't control yourself by watching the fluctuations, then you can't make a profit by investing. You can invest for long term or for midterm. If you invest for a long time, then you must be patience for over 1 year. But, keep investing for more than six months. As a result, there is a possibility of profit. Do it for long term investment time. By long term, I mean 1 year or more. However, if you get a good return within a few days of investing, you can sell the coins. You can sell it when you get a good profit.
5. Greed control>>: Many people in the crypto world fall into greed and lose everything. This has happened to me too. I invested $150 on a coin and its value increased to $1200. But, I fell into greed, and gradually the price of the coin went down further than before. As a result, I have made many mistakes out of greed and lost money. So, when you get a good return on your investment, you will sell those coins. But, another thing, you should never invest all your capital on one coin. You should always invest in a few currencies. As a result, even if you lose one coin, you will be in profit from other coins.