Ways to manage your finances when entering the cryptocurrency market

[SamboNZ]

Many investors just want to earn a lot of money in a short time, so they just pick whatever they want to without understanding and without studying it.  Most investors who are like that are probably the ones who lost a lot. Some people who have lost a lot are probably spreding bad news and other stuff that would ruin the reputation of crypto.

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[raitsuk]

It's thanks for the sharing, also i had some of my own rules :
* Never put all our wealth to invest on cryptocurrency, spare some as a backup when ever bad things happen.
* Never put investment in a single project, just in case the project isn't going well.

[mahilchii]

Many investors just want to earn a lot of money in a short time, so they just pick whatever they want to without understanding and without studying it.  Most investors who are like that are probably the ones who lost a lot. Some people who have lost a lot are probably spreding bad news and other stuff that would ruin the reputation of crypto.

Yep this is how it creates a bad impression on crypocurrencies be logical if you are investing some money research about the project and how it works and check their white papers then check their previous projects this will help to find out a right coin. Most of them are already spreading false rumours like it's a risky one. People's who took risk are millionaires today. Think about it.

[auliahr]

the most important thing is the product or platform, see how far they can solve the problem and how much interest or response the user has to the product or platform, if everyone is enthusiastic then you can consider it.

[BITSPANISH]

Said is much easier than done . You should know that there are so many investors and traders already knew all these rules but they still fell into trap of the whales and lost so much money ))). I only wanna say that don't join if you guys don't have enough knowledge, don't risk your money if you don't understand about what you're going to invest in.

[bitcoinbuyer]

The general rule here is not to put all money in the one project. Other rules are not so significant so I think you can do it how you like and be confident.

[Cryptomilz]

Never invest more than you're willing to lose is the golden rule and if people should adhere to this rule, almost everyone will be fine. Should you invest in a project, ensure to follow at their communities and social media platforms for updates. Set a target for yourself and don't throw in money indefinitely.

[kenel]

because there are a few rules that need to be followed. the main thing is not to invest credit funds.

[Fatunad]

Rule #2: Do not Trust Others

Rule #3: Do not invest in promises

Among those rules then these two would be the best thing for you to focus first but other factors are mainly needed well but you should really mind that
much about this kind of behavior.Never ever trust others on making decisions for you when it comes to investment.Always based up on your own analysis and
dont intend for you to easily believe on what others been suggesting and claiming because you dont know on whats the motive and intention behind those calls.
Just mind that every investor or person into this market doesnt really know on where do prices go.

[usekevin]

In comparison with other markets, the cryptocurrency market is relatively new. This is the main reason why there are so many unknown things about the way it works. When investing in digital assets like cryptocurrencies, it is important to follow a strict strategy and focus on understanding the key drivers of a coin's value. If you're a lucky person, you might be able to succeed without any help from outside. If not, a financial counselor could be the key to your success, because they have the skills to assess your goals and build a customized plan for you.

It's essential to deep invest on investment.Without investing on a coin, if you made a investment. It's like a blind luck, the profit is based on the luck. If you have a bad luck, it's sure to lose the money. So it's essential to make a investment after a deep analysis about the project. You can also follow them on a social media, it's easy to get more update about that coin.