As you get involved with trading cryptocurrency, when things happen for the worst, this is the best time to analyze what happened and see what you can learn.

Once general lesson is that cryptocurrency is pegged as "high risk" for a good reason.

As a general rule, beware high excitement. It's often a sign that the crypto is headed by a skilled promoter, which is not the same thing as a good developer or good entrepreneur. This rule kept me out of Paycoin (a notorious scamcoin in its day.)