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Here are the 10 golden rules to ALWAYS follow when investing in cryptocurrencies 👇

Here are the 10 golden rules to ALWAYS follow when investing in cryptocurrencies 👇

1/ Invest with conviction ⚔️

Don’t invest in cryptocurrencies if you don’t understand the revolution they represent.

Don’t jump from crypto to crypto. Pick a project you sincerely believe in because you’ve done your research. Be a wise investor.

2/ Don’t get into trading if you’re not an expert 👨‍💻

95% of retail traders lose over the long term. Only trade if you are willing to put in the time to become an expert. Otherwise, abstain!

3/ Always analyze the tokenomics of a project before investing 🔍

Valuation mechanisms, utility, distribution of tokens… All these aspects are crucial to assess the viability of a project.

4/ Always enter and exit in stages 📈

The goal is to optimize entries, exits and profit-taking as much as possible.

Use the DCA to buy your cryptos but also to sell them!

5/ Do the opposite of your emotions 🧠

In most situations where the emotion is high, it’s often best to do the exact opposite (or do nothing to avoid FOMO).

6/ Taking profits is essential 💰

If you have invested wisely and your investment has been profitable, don’t forget to sell!

Don’t be the guy who made an x80 but didn’t sell while waiting for an x100

7/ Diversify your investments 💸

Don’t expose too much of your capital to a single project. Diversify, but not too much. A maximum of 15-20 projects is recommended to keep control.

8/ Always keep some stablecoin aside 🐿️

You will always have times when you need funds.

Don’t be that person who is forced to sell a position they didn’t want to sell because they need the cash.

9/ Don’t lock up your cryptos for too long 🔓

Making your cryptos work is good, but don’t block them for too long. Seize opportunities when they arise.

10/ Don’t be too attached to a project

It is essential to avoid bias and not to become too emotionally attached.

What do you think?

Written by FijCFNf8Pz6X

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