How to invest in cryptocurrencies without losing money ?

Do you take your first step in the market of cryptomoneds and do not know where to start? You understand it! In this article we will give you some valuable advice on what you have to do before investing.

First educate!

You must know what you invest! At this point you have to bet on education. The more you know, the better you can evaluate the project. If you do not understand something, do not be afraid to ask. There are discussion groups dedicated to Blockchain and Cryptocurrency technology, for example. Bitcoinckalk forum. Sometimes it is good to pay attention to what other people say.

Before investing in certain projects, ask yourself what problems are resolved, which stands out from the competition, which is the mission and plan for the future, which is behind it and if there is a suspicious controversy that surrounds it.

It also focuses on security problems, because the future of its assets depends on them. If you do not care about your cryptocurence wallet, or if you betray your personal key to someone, you could lose your money forever!

Remember also to never spend an amount of investment that you can not delete!

Avoid "Earning" method

This type of "business" has nothing to do with real investment. This is how the financial pyramids are promoted. They are looking for naive people who are ready to join the scheme, blinded by the rapid vision of benefit. Its age is usually short, although there are also those who have extorted user funds for years (for example, OneCoin). Remember that in such cases, technology is not behind the project, but a good marketing. So it has no intrinsic value. The benefit produced comes from new pseudo-project participants. Do not trust a scheme like that, you never know at the level of the pyramid, you will find yourself.

There are also proposals to register on several platforms. But do you think, is it worth selling your personal data to an unknown company? You are never sure where the company will use it.

We also have to mention out of fraud. The only purpose they are receiving a sum of money from the users and then fleeing from the market. By the way, the projects illegally use the image of public figures: celebrities, politicians or athletes to gain confidence. Do not be fooled by the main editor and gain guarantee.

Learn to control your emotions.

Emotions are the largest enemies of each investor. Renouncing them can guide you to destruction. Sometimes, when the market is flooded with panic, it is good to keep the head cold focus on rational decisions.

If you have chosen your own investment strategy, stay at it. Do not renounce a pomo (fear of not buying when your possibilities fear that you do not leave your position when the market pours blood). The investment is about selling its assets for profit, not a loss.

Learn about your mistake. Learn from your success and failure.

Source : Tokeneo.com