1. Don't Invest More Than You Can Afford to Lose
Crypto is very volatile. Only invest money that you won't mind losing without affecting your daily finances.
2. Learn Before Investing
Don't follow trends without understanding the assets you're buying. Understand the fundamentals, technology, and risks behind each coin or project.
3. Use Risk Management Strategies
Use stop-loss to limit losses.
Don't go all-in on one asset, always diversify.
Take profit periodically.
4. Avoid FOMO (Fear of Missing Out)
Don't rush to buy just because prices are skyrocketing. Often, it's a peak before prices drop.
5. Think Long Term
Crypto is not a get-rich-quick scheme. If you want stable results, focus on long-term projects and don't panic when prices drop.
6. Security is a Priority
Keep your assets in a secure wallet (hardware wallet is better).
Don't easily trust investment offers that sound too good to be true.
7. Don't Forget to Stay Sane
Don't let crypto interfere with your mental health or personal life. Set time and emotional limits in trading or investing.
Success in crypto is not just about profit, but also how well you manage risk. Stay calm, keep learning, and don't rush.