Cryptocurrency Trading Tips - Deepstash
Getting started with Cryptocurrency

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Getting started with Cryptocurrency

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Cryptocurrency Trading Tips

1. Pick a Reputable Exchange

2. Pick a Simple Strategy

3. Automate

4. Build a Portfolio

5. Keep assets in cold storage

6. Be patient

7. Ask for help

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1. Pick a Reputable Exchange

  • Before owning any cryptocurrency, it’s important to research the reputable brands in the market which provide exchange services.
  • As a beginner, it’s important to focus on buying your cryptocurrency from a trusted and reliable source. Instead of focus...

116

479 reads

7. Ask for help

  • When you feel lost or confused, don’t be afraid to ask for help from reputable groups. Countless people all around the world would be excited to help you.
  • Cryptocurrencies can change the world for the better, but we must all work together to ...

117

368 reads

4. Build a Portfolio

  • Putting all your eggs into one basket is a recipe for disaster.
  • Constructing a portfolio can reduce risk and provide stability in this volatile market.
  • Instead of buying a single asset and praying for a moon, distribute risk to a num...

117

426 reads

3. Automate

  • The cryptocurrency market never sleeps. There are no closing hours or holidays. Services are running every second of every day.
  • The constant requirement to be online drives people mad. Monitoring the market at every moment is exhausting. You don’t wa...

119

455 reads

2. Pick a Simple Strategy

The beginning of your journey into the cryptocurrency market will be hectic. You will quickly become bombarded with ideas for trading strategies. Find a strategy that’s simple to implement and maintain as you learn.

  • Remember there is no magic bullet. There has never be...

126

416 reads

6. Be patient

Although the market is volatile, that doesn’t mean the value of your portfolio will skyrocket over night:

  • Once you’ve implemented your strategy, let the strategy work.
  • Explore the intricacies of your strategy, engage with the strategy for some ...

118

361 reads

5. Keep assets in cold storage

5. Keep assets in cold storage

You never know when the sky might fall. The cryptocurrency space has a history of surprises when it comes to hacks. Funds can be lost in a hack at any moment, so it’s always encouraged to keep your assets off the exchange as much as possible. 

Being the guardian of your own bank is great, b...

120

426 reads

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