Eight Tips Every Cryptocurrency Investor Must Know

1. Brugu Software Solutions pvt ltd TIPS EVERY CRYPTOCURRENCY INVESTOR MUST KNOW Trading or storing large sums of any cryptocurrency via mobile phone is simply too great a risk. 1. IGNORE THE "NOISE" 2. EXPECT THE UNEXPECTED Many naysayers in the media and financial sectors may preach that cryptocurrency is simply a fad, over- hyped speculation, or even a pyramid scheme. However, significant volatility does exist in cryptocurrency markets which cannot be ignored. Experienced cryptocurrency investors are accustomed to huge price swings that you often don’t find in traditional markets. 3.AVOID A BAD TRADE OR INVESTMENT STRATEGY 4. LAUNDRY SERVICES Offer to wash clothes of disaster victims instead of donating clothes. Getting clean clothes to victims that actually fit them is important in a difficult time. You should avoid these types of places at all costs; when travelers go down these roads, they don’t often come back. 6. DON'T PLACE ALL YOUR CRYPTO-COINS IN ONE BASKET 5. PERFORM YOUR DUE DILIGENCE In this modern digital age, there is even wifi on the path to crypto investing enlightenment, hence there is no excuse to make an investment with little to no understanding of the underlying asset. Almost every single coin has easily accessible whitepapers online. And just like having maps in the car, the savvy traveler must be prepared. Common investment wisdom prevails when it comes to cryptocurrency investment: diversification is key. Just as financial advisors recommend taking positions in multiple types of stocks and other investments, diversification is also essential for any healthy cryptocurrency portfolio. 7. OPT FOR AN ALTERNATIVE PERSONAL EMAIL Using a regular email account places an investor at unnecessary risk of exposure for a data breach. To overcome this risk, it is recommended to create a unique account just for trading, especially with added two-factor authentication password security. www.brugu.io | Info@brugu.io | +919003444928