- Research about the coin you want to buy, read the whitepaper and get additional information from reliable websites like bitcointalk.org, GitHub.
- Wait for a dip in the market before you trade so you buy low and sell high.
- Don't sell your coins so quickly when it hits a dip. Don't panic coins usually always come back from a dip.
- Set a period to hold your coin and have a price target.
- Don't be so anxious cryptocurrencies market is very volatile and changes tremendously. So make a plan and stick to it.
- If you want to be safe sell your initial investment when you can get your money back from the profit. With that your investment is safe and whatever the coin does after is just your gain.
I'm still new to trading cryptocurrencies but these are a few of the tips that can help in the beginning.
Please feel free to add your own tips and opinions which you think are important in trading and investing in cryptocurrencies.
-Abasi
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