The crypto winter is upon us!…Lol ok its not that serious, the market moves in cycles and right now its in bear mode and hibernating…
But these are the best times to get involved…Here's a few tips i thought you might find handy!
:Get involved while everyones asleep – The time to buy into any cryto project is while the bear market is active and everyones else has lost interest becuase thats when prices are at their lowest and if you get into the right projects at the right time before the bull market kicks in you can literally make life changing money!…So get involved while things are boring!
:Only focus on projects with big utility – Where alot of people go wrong is buying into any project where theres fomo(fear of missing out) and dont even take the time to research if theres any real utility and usecase behind the project…Dont make that mistake and only ever get involved with projects that have strong utility and bring something new to the space.
:Never put all your eggs in one basket – Having all your eggs in one basket and everything in one project isnt a very smart move as if anything happens to that project everything you have is gone…Diversification is key as if one project dont perform well others will.
:Slow and steady wins the race – Many people lose money trying to hit the jackpot by going all in on a project that looks hot trying to become millionairs overnight…But slow and steady wins the race, take your time researching and never go all in and invest money you cant afford to lose.
You dont want to wait till everyone catches fomo again and prices are high get in at the ground floor and ride the move up when the market go's nuts again…Just make sure to always do your own research before investing in anything!
Hope you enjoyed the read 🙂