If you like learn to invest in cryptocurrencies The basic line that you must take into account when doing so must go beyond the assets that you have in mind. They must be considered generally and strictly applied. For this reason, it is very important to learn to invest before making any movement or approaching any asset to avoid unpleasant surprises, whatever the number. And of course, so that you achieve the main objective, obtain high profitability.
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What are cryptocurrencies?
A cryptocurrency is a digital currency exchange that uses strong cryptography to secure transactions, control the creation of additional units, and use distributed ledger technology to verify the transfer of assets. This digital currency is bought in the hope that it will increase in value.
A cryptocurrency is a digital currency, a digital currency in which they do not physically exist. Cryptocurrencies are used as currencies of exchange, such exchanges are made at any time, any day and on any continent through instant transactions over the Internet.
First of all, the most famous cryptocurrency is Bitcoin, after this we find Ethereum, which is the second largest currency. In third place is Ether and consecutively you can find Cardano, Binance Coin, XRP, Polkadot, etc.
How to learn to invest in cryptocurrencies?
We show you some tips that you should keep in mind if you want to learn to invest in cryptocurrencies from scratch. These tips refer specifically to crypto assets, given the wave of investment unleashed before them and the general ignorance of them to date. Experts always point out that we should not approach people we do not know because we have an inherent risk of losing money. So knowing is never enough to invest in anything other than Bitcoin, Dogecoin or any cryptocurrency.
- Don't invest more than you can lose
This is the key to any investment, although in the cryptocurrencies has even more value given the volatile and uncertain conditions in which they operate. Professionals never put more than 1% of their capital into operations.
You should not believe everything they post about cryptocurrencies. You have to investigate for yourself and if you wish, contact an expert in the cryptocurrency in which you want to invest. Find out what their value proposition is and if they have a utility that could lead to market adoption. Where there is practicality, there is value.
- resist FOMO
FOMO refers to the fear of missing out on something. If you are going to invest with the feeling that you can lose something, the only thing you will lose is money. As we have mentioned before, it is very important that you inform yourself and investigate thoroughly first.
- If it sounds too good to be true, it most likely isn't.
There is a lot of smoke in the world of investments and cryptocurrencies they are no exception. There is no clear formula to succeed in this sector. It is important to keep in mind that you must be very informed.
- You must not believe, you must verify everything
Before investing, you must verify that everything that is said is true. There are many scammers in the cryptocurrency world who take advantage of unsuspecting investors.
- Don't trust a single bias
A cryptocurrency listed at 1 does not mean that it is cheaper. Why was the coin created? What role did it have? How many people are behind?
- There is no currency without keys
Leaving the keys in the hands of just anyone can lead to failure. Decentralized finance or DeFi platforms have been the target of numerous attacks in recent months.
We also recommend you take a look at this other post about the cómo empezar a invertir en criptomonedas and learn a little more about what it consists of!