So you're new?
Or maybe a veteran in this game?
Either way, hopefully you'll get something from my list of tips & pointers on the crypto game.
My general thoughts on the crypto market after lots of extensive research, reading, message board/group following and analyzing of trends:
Only invest what you can afford to lose. Not only is this good life advice in general, but it'll also make you a better and less emotional investor/trader.
Buy low and sell high. This one's key!
Caveat: If you like the investment and you think the tech and idea is a solid one: HODL. Hold for the longterm and don't listen to negativity around it unless the huge wash of evidence mounts against it over time.
Never buy at an all time high! :-P Be surprised how often I read about people doing this on forums.
See a recommendation for a coin on a forum/FB group/etc? Check that it's being recommended elsewhere. What are the motivations that this person might have for recommending it? What is their background? If this is an FB group, check their FB profile. Is it full of weird pictures and memes? Don't take their recommendations too seriously!
Don't believe the negativity (aka FUD). Bitcoin (and crypto market cap in general) will continue to rise.
China isn't to be trusted. Take everything they say with a pinch of salt. Very corrupt regime, release news to suit themselves. They've "banned" (or claimed to have banned) Bitcoin and crypto exchanges multiple times throughout history. The world keeps spinning and crypto has kept moving upwards.
It's easy to critique and judge someone's investment and feelings on an investment without walking a mile in their shoes. Until you have real skin in the game (aka, big money for you), then you won't know what it's like to have those strong hands tested in the cauldrons of FUD/FOMO.
Sometimes it's best to just delete Blockfolio and stop yourself refreshing it every two minutes. ;-)
Don't trust FUD from banksters like Jamie Dimon. They naturally have their own interests and are probably shorting BTC and cryptos in general for their own gain (whatever that might be longterm).
If cryptocurrencies (and their related tech) don't change the world, they're certainly going to put a huge dent in it.
Day trading is incredibly risky. You hear about the good investments, but never the bad ones (for obvious reasons). Most experts I've read and people I've spoken to agree that day trading is a bad idea for 99.999% of people. If you're tempted, swing trade instead.
Keep your money off exchanges in the longterm, even if you think the exchange is safe. Nano Ledger S is a great investment to store your crypto in cold storage. Exchanges and online/desktop wallets are not worth the risk if you're dealing with large amounts of money (whatever large is to you).
Don't believe anything I (or anyone else) says. Trust your own research (aka DYOR). This is your money and you should take full responsibility for everything you do. In this game, never blame anyone else for bad advice.