Crypto is all the rage right now. It’s a hot fever and it’s everywhere!
People are talking about it, people are investing in it and people are making gigantic profits. But the thing is when it comes to crypto, there are things that don’t get discussed enough. Even when they really should! These things could either help to improve your crypto-portfolio or could be your source of frustration and even financial ruin.
The problem is, the internet is full of crypto-content, which is why many feel lost and confused about what to believe and what not to! We’re all in the same boat! So, in order to make it a bit easier for our readers we are going to unravel some of the secrets of investing in crypto that no one else is talking about. We hope it helps you out in the best way possible! Are you ready for some hot crypto-investment secrets?
Your Goal Shouldn’t Be To Be Right All The Time
It’s a tip that is often overlooked in the crypto-community. Investors are sometimes silly enough to get their ego involved and often forget their main goal. The entire process of decision making is compromised and there are no profits made. It all just blows up in their faces! Sure, being right is so so comforting!
But, is it worth the price? Finding loopholes in events is what will make you money in the long run, stroking your fragile ego will only lead you to your inevitable doom. We know its sounds super harsh. But, what can we say the truth has always been bitter my friend!
Don’t Invest All Your Money In Crypto
If you’re someone who likes to live on the edge and it still works out in your favor. That’s great! However, the crypto-world won’t be the same experience for you. We can promise you that! The crypto-market is extremely unstable. Investing all your money in crypto could bring you on the street. Literally!
You have to play and invest smart. It’s a secret many people know, but often forget. A good rule of thumb is to invest 10-20% of your money in crypto. A common strategy would be to place half the portion of the investment money in Bitcoin and the other half in Ethereum. You will be less exposed to risk!
Keep Your Job
Thinking about leaving your permanent and stable source of income? Well, that’s just silly! Sure, there are so many success stories about crypto-millionaires who don’t have to work a single day because they are doing better than they did at their real jobs. But lets be honest, they are just a fraction of the crypto-community.
The rest are pretty much going to work everyday and choose to invest little in crypto. That’s exactly how things should be! The downside of leaving your job will be that you’ll find yourself far more emotionally dependent on the profits you make. You’ll be too emotionally involved and it won’t work in your favor.
You don’t know how important and necessary it is to read as much as you can about the crypto-space. We just can’t highlight it enough! Your aim should be to learn something new everyday. It’s so so important to stay up to date with what’s happening in such a fast moving space is critical.
You will realize you won’t be making mistakes just because you didn’t read up on the news. You’ll know everything and many rookie mistakes won’t take place. Follow @blockpublisher_ on Twitter and never miss out on any crypto-info ever!
So, were these hot crypto-secrets helpful for you? If you have more hotalicious secrets let us know! We can keep a secret!