Does Crypto interest’s you and you want to start investing in Crypto?
Here are the 5 things you should know about Cryptocurrency before investing in it if you’re new to Crypto.
5 Things You Should Know About Crypto Before Investing As A Newbie
• Crypto isn’t A Get Rich Quick Scheme
You may get burnt if you get into Crypto investing with such mindset.
• Crypto is highly volatile
Crypto isn’t risk free, investing in Crypto is highly risky most especially when you jump on it with out guide you may loss your money. So it is recommend to have proper mentorship, guide and only invest what you can afford to loss.
📌 It is not advisable to borrow money to invest in Cryptocurrency as a newbie or invest money you may want to use urgently in Crypto with the hope of making fast profits, it never ends well most times.
• Requires knowledge to Profit or Sustain
Having basic understanding and knowledge of Crypto what Cryptocurrency is and how it works is essential if you want to make money from Cryptocurrency, either by trading or investing.
• There are many and different types of Cryptocurrencies available, each has its own set of features and characteristics. Some of the well known cryptocurrencies includes Bitcoin, Ethereum, Litecoin & BNB.
Just like every real business, you need need patience to grow and have lasting success in Crypto, without patience you’ll make investments decisions that may go against you.
• Beware of scammer, they will come to you in the name of Crypto
Don’t lost or deceived, not all coins or stuffs tagged “Cryptocurrency” are real Crypto, they’re just bags of sh*ts, and the creators are just after your money.
Don’t invest blindly, do research and ask those in the game that already have visible positive track record about Crypto you intend to invest in so they can help you check it.
With this we’ve come to the end of the 5 Things You Should Know About Crypto Before Investing As A Newbie.
I hope this helps?
There are many more which we will be writing on here and on our Crypto community (Cryptopidia Forum) as the day goes by.
PS: if you have a question about this topic or related, you can asking by using the comment box below.