Investing in cryptocurrencies, in at least the last two years that have passed, was very profitable depending on where you have invested, and although you have to keep in mind the fact that it is a relatively new market, it points to still greater growth. However, it should be noted that just as you can have quite juicy profits you can also lose a lot of money, due to the same volatility in the market or even the scams that abound in the ecosystem.
There are many factors and analysis techniques that allow us to evaluate good or bad assets to invest or not in them, assuming a considerable risk-benefit. The key to having a better experience investing in cryptocurrencies in order to make a profit, in addition to patience, and risk management, is knowing what you are doing. For this reason, if among your goals for this new year that begins, is investing in cryptocurrencies, in order for you to start and be wiser in your decisions, I want to share with you six tips – they are not recommendations or investment strategies; I am not a financial advisor – that from my experience, successes and mistakes, I have learned, and that I would have liked to know from the beginning; not to waste time or money.
1-Educate yourself Education is essential when investing, especially in this technology that is relatively new and has concepts unknown to most. As the phrase goes: “A day without learning something in crypto, is a wasted day.”
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