What mistakes should be avoided while investing in cryptocurrencies?


This is an interesting topic and I share my opinion about it. View the original post written by me on Quora.com.

Cryptocurrency market is very volatile. Blockchain technology and Cryptocurrency are at very beginner stage of adoption. We have seen that most of the project got failed after last bull run, so before investing do your own research. you may consider following points.

1. As I said Crypto market is very volatile so invest what you can afford to loose. Never take a loan or use your credit card to invest in crypto.

2. Invest in solid Project that have ability to change the future technology. Follow the road map of crypto project you are planning to invest.

3. Never Invest in Bull Run, Invest when market crash and hold your investment for long time.

4. Sell certain amount of your investment in bull Run to take some profit. It will make you better investor.

Please note this post is not an Investment advice in Crypto market through this post I am sharing my study and research on crypto market please do your own research and study before make an investment in the crypto market as crypto market is very volatile.

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