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Beginner here. A few lessons I learned the hard way.

All Cryptocurrencies

by COINS NEWS 261 Views

  1. When making your intial investment, don't invest everything in one lump sum. Feel out the market and invest small amounts over a period of days/weeks. And then DCA after that.

  2. Don't chase pumps. Yeah, did this one too. Saw a coin going up and tried to get some quick cash. What happened? I caught it at an ATH. Now I'm in the red because I went all in on ETH. I know it'll come back up but it'll take me longer to see gains. But, with things going back up this evening I think I can see you all on the horizon headed back my way.

  3. If it goes up fast you better believe it can come down fast. It's volatile. Crypto is not a get-rich-quick thing. It can certain happen but there are no guarantees and there's a lot of risk. To be safer, understand that this is a mid to long term deal. Meaning, bare minimum you want to keep your money in the market for 6 months to a year. The longer the better. Invest in solid coins.

submitted by /u/AlarmingPawn
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