🌊 The volatility of crypto is a double-edged sword, it can lead to life-changing gains but also huge losses.
Few months ago we had one-to-one calls with some of our investors.
We noticed 4 common things that made them successful.
let's dive into the details👇🔹They are advocates of doing your own research
If you can't explain why you're bullish on a project, don't invest. Understand the tokenomics, team, use case, and market conditions first before investing.
🔹Ever heard of the phrase "don't put all your eggs in one basket"?
Diversification is another thing they practice. Don’t invest everything in a single token or narrative, spread your risk across different assets and sectors.
🔹Becoming a successful investor isn't about catching 100Xs alone, but protecting your downside too.
Use stop-losses and hedging strategies, and hold yield-bearing assets for passive income.
🔹In place as volatile as the wild west of crypto, avoiding emotional trading is crucial.
Markets will rise and fall, but stick to your strategy, not your emotions. There is no zero-risk strategy in crypto; managing risk is what makes you a better investor.
📱
Show some love 📖 YAY Network Official Channels
Website | Twitter | Telegram chat | Announcements | Medium blog