Crypto land is a very confusing place to be, especially if you are new. There are so many things that can get in your way and drag down your progress (and sanity) while trading! Let me help walk you through the basics of crypto-land here on how to succeed–or at least make this journey more bearable. This post will help you buy cryptocurrency Singapore.
Tips to Succeed in Crypto Land:
-Keep your coins saved in a wallet (you don’t want to get hacked!)
-Don’t fall for the hype. No matter how much you believe in a coin, if it doesn’t have solid fundamentals, it won’t work out long term.
-Research! Don’t just buy things because everyone else is buying.
-Don’t be too emotional in your investments! If you panic when the market drops, that will add to your losses.
-Don’t panic, sell! If you do, after a certain amount of time has passed (like 30 minutes), then the market will inevitably turn around.
-Know when to hold ’em and know when to fold ’em. Again, this is like poker–if your coin isn’t doing what it needs to be doing right now, then it’s not worth holding onto.
-Know which coins have a solid future! Diversify your portfolio and only invest in cash that you think will do well long term (and don’t just pick the most popular ones).
In conclusion, crypto land is a very confusing place, but it can be pretty simple if you follow these guidelines and know what’s going on!