I want to give a little value to people who are starting in this world or want to enter, they are advice, recommendations and realities that could be helpful.
The first thing you should know is that there must be a balance, for one person to win another has to lose, that's where your gain or loss comes from.
Related to the previous point, in this market there are many experienced people, if you are new it is very likely that when investing you will lose part of your money, I recommend investing an amount that you are willing to lose in the worst case scenario without it making you financially unstable.
If you are going through a bad economic time and want to enter this market to compensate for that lack, I recommend not doing so, in this market you have to be patient when investing.
Investments should not be made based on emotions or needs, you must design your own strategy based on many aspects that you consider favorable, for this it is necessary to study the market before investing or use a very small amount of money to experiment. Learn basic trading concepts so that a red candle does not make you panic and sell your cryptocurrencies at a lower price than you bought them.
You should know that the best investments are made in the long term, preferably with altcoins if you are not willing to risk. Additionally, the market moves by Bitcoin, it is a good guide to know when it is favorable to invest, if Bitcoin is cheap it is very likely that the other currencies will also be cheap, if Bitcoin is expensive it is very likely that the other currencies will break their all-time highs.
I recommend you study the market in high season so that you know how much a token can grow and in low season so that you also know how much a token can go down, so you will have a reference when investing.
If your investment is worth 10-20% less and you sell just lost, do not panic and hold, making a bad investment is not always losing, sometimes it is having to wait longer to receive a return.
The first thing you should know is that there must be a balance, for one person to win another has to lose, that's where your gain or loss comes from.
Related to the previous point, in this market there are many experienced people, if you are new it is very likely that when investing you will lose part of your money, I recommend investing an amount that you are willing to lose in the worst case scenario without it making you financially unstable.
If you are going through a bad economic time and want to enter this market to compensate for that lack, I recommend not doing so, in this market you have to be patient when investing.
Investments should not be made based on emotions or needs, you must design your own strategy based on many aspects that you consider favorable, for this it is necessary to study the market before investing or use a very small amount of money to experiment. Learn basic trading concepts so that a red candle does not make you panic and sell your cryptocurrencies at a lower price than you bought them.
You should know that the best investments are made in the long term, preferably with altcoins if you are not willing to risk. Additionally, the market moves by Bitcoin, it is a good guide to know when it is favorable to invest, if Bitcoin is cheap it is very likely that the other currencies will also be cheap, if Bitcoin is expensive it is very likely that the other currencies will break their all-time highs.
I recommend you study the market in high season so that you know how much a token can grow and in low season so that you also know how much a token can go down, so you will have a reference when investing.
If your investment is worth 10-20% less and you sell just lost, do not panic and hold, making a bad investment is not always losing, sometimes it is having to wait longer to receive a return.
