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New to Binance and crypto : Here is what I learned - Suggestions welcome!

Binance

Cryptocoins Exchanges / Binance 328 Views

I have been using crypto for a little over 2 weeks now. I started off with a 60 usd and then added another 100. Currently I have a little over 230. Here is what I ld suggest everyone else who wants to join the roller coaster ride of crypto currencies.

  1. Invest small to learn the basics and familiarise yourself with market.

  2. This is not a "get rich overnight" scheme. You have to grind to get almost assured results, but they are possible.

  3. Diversify your investment.

  4. Buy the dip and then have the faith to hold it till a specific price. Once that price is reached, don't get GREEDY, sell and invest in something else.

  5. Dont lose heart if the dip keeps dipping, it will eventually rise.

  6. If you get FOMO (fear of missing out) on a low price or a particular pump, stay away from it. It will most likely eat up your investment due to flawed judgement.

  7. This is NOT FINANCIAL advice, it is something I did and have so far survived although these are early days.

The post is just to get advice in early days if I am not drawing the right inferences. Any suggestions are welcome. If it helps someone, I am glad I could be of any use.

submitted by /u/johnybravo42
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