You DO NOT lose money until you sell
This is an important tenet to remember!. Especially when you are playing in a speculative market like crypto currencies.
You have to decide if you are investing or speculating. There is money to be made on both sides of this, but you have to be clear what your strategy is.
A lot of folks get actually end up buying high and selling low because of FUD (Fear Uncertainty and Doubt).
Personally I am not into speculating in this market. In order to win at speculating you probably have to dedicate more time to try to anticipate the market.
Investing, you can actually buy something and trust your instincts. But you have to do your homework.
I typically look for more than just a proof of concept. Hopefully there is some working tech and good people behind it.
Remember what Marcus Lemonis says: A Business has 3 components: People, Process and Product. You need all three to make a solid winner.
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Hopefully this helps some in framing your thought process.
Pura vida,