Some quick advice for people getting into crypto!

in #crypto7 years ago

In crypto, whether you bought bitcoin in 2013 or 2018, it is important to allow yourself to be a beginner.
Your willingness to learn and consider other perspectives while keeping an open mind is the key to this game.

Too many people lately have just been blindly following what people tell them to invest in. It's the blind leading the blind.
This kind of sheeple, 'spoon feed me' mentality is gambling and will likely cause you to lose money.
Don't go rushing into trades just because someone told you to, this is called FOMO (fear of missing out).
Just be patient and look for solid projects you can enter cheap. This is where the money is made.

Focus on learning and acquiring an understanding of market cycles, coin fundamentals, basic TA, etc.
This will put you way ahead of most people invested in crypto.
Most people in this space are lazy and they rely on everyone else to tell them what coins to buy and when.
Don't be one of those people.

Remember, the more effort you put into this space, the more you get out of it.
Do your own research, this game is long, be patient.