Questions are:
Can I afford to lose this money?
Do I understand marketcaps?
Am I investing because I can see how valuable this idea can become or because people are saying it's great?
I think the third one is not important in trading. One has to be a good trader and that's it. In such kind of business, if you sell apples you don't need to love and be expert on apples. You just have to be sure people will buy them. And people don't always buy the best. Indeed, people buy something a lot because of other people saying that it's worth buying.
Actually many things :
- Am I sure to really understand what crypto money is?
- what are the risks of crypto-investment ?
- How much FIAT money can I afford to invest on a monthly basis ?
- What could be the possible outcomes of a state regulation of the crypto world
- Why do I want to get involved in crypto world ?
So you really have to invest fiat money every month? No chance to earn something and then continue with the profit you've made, instead of investing more cash?
No, I guess if you're doing good you can increase your funds for investments from the profit you made. It's just that mostly profit is not high enough, whereas additional fiat might help to earn more.
By the way, I think a very important question is whether you are obsessed with coins and money in general. You have to be rather calm and cold about coins to be a good trader. Otherwise you will not overcome your losses and won't sell coins when necessary.
