Some things to keep in mind:
- Avoid buying when the price continues to rise, crash will happen sooner or late.
- Reduce your risk by diversifying your investment: It may not be investment advice but put a significant limit on your risk.
- Nothing rises to infinity.
- Avoid panic and emotions trading
1. A good advice. Markets are moving in cycles and all investors must know this. I've seen many markets going up and down throughout the years already. I've seen Bitcoin in 2017 went up to $20k and months after 2018, went down to $3k. Another is the recent pandemic crash that made Bitcoin's price down by almost 50% in just 1-2 days. Just be patient and wait for a correction to happen because anytime, it will happen. Just be ready
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2. Diversification might be good but on the other hand, if you have a limited amount of money or a small amount of money then just investing into 1-2 coins that you know the safest investments will be a better choice.
3. Almost the same as the first one. No market will go upwards forever. Investors will always have a target price to sell that will cause the market to go down.
4. The best advice that you can give to any trader/investor out there. Being emotionless is the one that I've learned within this past years. I panicked when I'm still starting in crypto but throughout the years, I've learned to become emotionless that is why I don't panic when I see my portfolio going down whether it is a stock market port or crypto port.
These tips might help people but especially newbies out there but overall, there will still be investors who will take the risk and in the end lose their money.