Learn more about moneyandinvestments with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
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 focusing on “getting the best deal”, go with the exchange with the best reputation.
- Once you have sent a cryptocurrency payment, there are no charge backs, no banks you can call, and absolutely no way to become reimbursed.
115
493 reads
MORE IDEAS ON THIS
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 ...
116
379 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...
116
441 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...
118
469 reads
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
140
3.73K 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
431 reads
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...
119
443 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 ...
117
374 reads
CURATED FROM
IDEAS CURATED BY
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates