Important tips for newbies in cryptocurrency market

in #mgsc6 years ago

This is my first article on steemit ,i hope you all like it ,as these are some basic points that must be considered carefully while entering crypto market.
1- The most important point is you must not get panic whenever the market goes down or bearish mode, This is normal
phenomena in crypto world you can easily cover up your loss during next bull run or from any other coin.!
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2- Never get too greedy,This is behavior of human kind you always expect your coin to be 2 times or 4 times profit but it
won't always happens,You must book your profit step by step and remove your seed money meanwhile.

3- Patience-This is most fundamental quality that make difference between a successful trader and losers, you can see
huge amount of profit for long term holders that short term traders,for example ethereum- it is almost 3 times
value from last year November 2017.

4- If you are new and don't know much about it then join online community or youtubers who can guide you and
provide you up to date information.

5- Beware of Scammers there are lots of scameers who will allure you to give your coins to them,So be very cautious
while investing your funds.

6- Last point is use only top exchanges like Bianance, kucoin, bitrexx etc.

        Please like and comment if you like information above.
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@cosmicguru, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!

Thank you in advance!

@introduce.bot sure i would like to make friends.

i have made my part,i upvoted yo and followed you ,now its your turn...thankyou