The quick and sharp rise and fall of Bitcoin cash(BCH) is one strong evidence of this unpredictable market.
So,do allow me to share some basic DOs and DONTs so that we can all survive in this market.
DOs
1)Invest in a coin with a strong management team and a well established roadmap
2)Invest in a coin with great social support(Telegram groups and Facebook pages are great benchmarks)
3)Set aside a majority of your portfolio for bitcoin investments.
4)Invest and HOLD long term investments like NEO and ETH
5)Set aside only a small sum of money for trying out/gaining from the market pumps
DONTs
1)Trusting the public community chats in various exchanges(E.g TrollBox in HitBTC)
2)Make rash decisions such as withdrawing investments from long term,stable coins
3)Riding on pumped coins
4)Investing in coins with no practical value or no products/services to offer to the public
5)Investing in coins that suffered great losses,thinking that it will see a price rocket soon.
Above are my suggestions on the basic DOs and DONTs that we should all abide in order to avoid losing money unnecessarily.I think in such a volatile market,we should all look forward to investing in coins with long term potential,which we are confident that it will profit in the future instead of betting on short term returns.What do you guys think? Do comment in the section below!