REVEALED: Crypto Success Recipes - Only 4 Ingredients
While thinking of making money with cryptocurrency, selecting coins/tokens and expanding your portfolio, you have to keep in mind these 4 things
Look for utility/value- not fluff/hype: Before you invest in any crypto project, one of the first things you should look out for is the use case(s) of the coin or token. The product (which could be the coin or the token)/the company/app should have a long-lasting vision- it should be solving a problem, if not, you'll observe that they are over-selling, based on hype, which isn't good for your portfolio. Run! Don't buy into it.
Diversify: Don't put all your eggs in a single basket. Generally speaking, expect the 80:20 rule to work. 20% of your investments will be a HIT and give you 80% of your income.
Think Long term: Crypto is all about people, just like it took time for people to understand the internet, it may take some time for people to understand blockchain & crypto. As long as Point #1 condition is met, give it time. The market is volatile, but we have to be optimistic- blockchain & crypto is the future.
Don't ignore your gut: This is debatable. But you'll observe that as you begin to get the 'sense' of the
market and crypto economy, your 'gut feeling' about cryptocurrency will change, for good.
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