@barbie.doll Then be careful, you can make a lot of money but you can also lose everything. Maybe first study it all before you go into it (if you want to go into it).
Basic rules that are obvious but hard to maintain as we are emotional beings:
Never invest what you can't lose.
Don' lose money! Means: Buy low, sell high, never go with the hype.
Don't panic sale, if you lose on a coin hodl (hold) long term until it is over the price you bought, no matter if it takes hours, months or years. (This is actually the hardest)
Don't be greedy try to sell before the highest price and don't mind what winnings could have been.. if you don't you'll eventually miss the peak and then get into denial and hodl while hoping it will go up one more time for a second chance and then get into panic and sell to not even lose more, recognizing later that you sold at the lowest price and really lost your coins. If price goes up by 100% for example and you sell and it goes up another 100% look at the 100% you made and not what could have been. It's better to take the 100% than to go over the peak get into denial and end up at 50% or even at -50%
@barbie.doll Then be careful, you can make a lot of money but you can also lose everything. Maybe first study it all before you go into it (if you want to go into it).
Basic rules that are obvious but hard to maintain as we are emotional beings: