HOW TO SUCCEED IN CRYPTO

Today, in this blog, I’ll be focusing on discussing a few of the observations and how we can grow in cryptocurrency.

We all know that cryptocurrency is changing the way we think of money. It’s a perfect example of integrity, transparency, consistency, and security. Cryptocurrency was created for only one purpose: To have a distributed financial system, where there is no central authority. Bitcoin is dominating the market for more than a decade and that is for a reason.

There are 9324 cryptocurrencies or tokens out there as of today according to Coinmarketcap.

We have seen a lot of coins pumping all of a sudden and generating more returns than S&P since inception. Most of the time these tokens are being manipulated by the market makers and sudden price skyrockets generally make people FOMO and people don't want to miss out on opportunities and start investing in them without any understanding of how that company works, what are the principles that company is working on. and they lose money quickly. This is what we call a bull trap.

There are more scams out there than meaningful projects. If there are good people, there are bad as well to maintain the balance in the society. Everyone has their own perspective of good or bad.

HERE ARE A FEW POINTS THAT YOU CAN FOLLOW/AVOID BEFORE INVESTING YOUR HARD-EARNED MONEY:

• Do not time the market.
• Don’t fall for every new token being launched.
• Don’t fall for GIVEAWAY scams.
• Stop taking advice on Social media.
• Do your own research.
• Give it some time.

I’ll be releasing further parts to this blog to cover a depth understanding of basic things to keep in mind to succeed in the crypto market. Stay tuned :)