What are the dos and donts of cryptocurrency investing in 2024

What are the dos and donts of cryptocurrency investing in 2024

As bitcoin continues its rise and more and more institutional money begins to flow through and more ETF's (exchange traded funds) come on the market. People should be aware of the dos and dont's just like any investment

Dos of crypto investing

  • Make sure your wallet is secure but using the best wallets and exchanges out there which are secure and have solid ratings
  • Buy only what you are prepared to loose
  • Look for long term investing
  • Keep your self informed of any news
  • Diversify

Donts of crypto investing

  • Do not chase immediate profits.
  • Avoid quick decision-making based on the fear of missing out. Conduct thorough research and analysis before investing in any of the cryptocurrencies.
  • Overleverage your positions
  • Beware of phishing emails, scams, and only deal with validated companies.

Check out revuto for some of the best exchanges out there

Crypto investing is very risk so be potentially prepared to loose all of your investments. Unlike an underlying stock where the company actually produces something, crypto some people say has no real value.

Disclaimer

This article is for general information purposes only and is not intended to constitute legal or other professional advice or a recommendation of any kind whatsoever and should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. We make no warranties, representations or undertakings about any of the content of this article (including, without limitation, as to the quality, accuracy, completeness or fitness for any particular purpose of such content), or any content of any other material referred to or accessed by hyperlinks through this article. We make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date.

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Articles are for general information purposes only and is not intended to constitute legal or other professional advice or a recommendation of any kind whatsoever and should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. We make no warranties, representations or undertakings about any of the content of these articles (including, without limitation, as to the quality, accuracy, completeness or fitness for any particular purpose of such content), or any content of any other material referred to or accessed by hyperlinks through these articles. We make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date. The content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers.
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