Learn more about moneyandinvestments with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
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 bring about this future.
- Join a passionate community which helps you learn something new each day, join Deepstash.
- Don’t Risk More Than You Can Afford to Lose!
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MORE IDEAS ON THIS
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...
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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...
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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...
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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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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...
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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...
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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 ...
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374 reads
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