A guy walks up to you and asks you how can they make money through crypto what do you say? Even though the crypto technology is great its also great to make money from it. At least that was what attracted you here right? I got into crypto because someone I admired told me that they made their money through crypto and that motivated me to want to make money from it. All he told me to do was buy bitcoin cheap and sell high, gave me the assurance that bitcoin will always pump so I should buy. That motivated me and I bought some bitcoin and ethereum, did I make money from it, No. Why? Because I didn’t know that there was something called the bear market that will test your patience of HODLing. After few months of getting tired of watching my money lose its value I sold and took my loss.
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Few years later after experiencing little of how crypto works I get to understand some things, one of the things to learn while investing in crypto is learning to not lose all your money. You become a very good investor when you learn from your mistakes and you become one of the best investors if you can learn from both your mistake and mistakes of others. As a newbie, focus on some of the mistakes in crypto that people make that makes them lose their money fast. One of them is chasing quick money coin, which is shitcoins or memecoins that have no value, the only value they have is to pump and dump. Personally I think you can only be in that position to start gambling on shitcoins when you have a solid portfolio filled with great crypto projects. So as a newbie, focus on building solid strong portfolio with great utilities and use case. While doing that buying low cap coins with that quality will be great.
Avoid marrying a coin, everyone is regretting they didn’t invest in bitcoin when bitcoin was valued really low, so everyone is looking for the next bitcoin because they feel that they lost their opportunity so the next bitcoin will give them the second chance. This is why a lot of people marry a coin and hodl for a very long time even though the value of the coin keeps depreciating. Learning to your own research is also very important as it gives you the opportunity to find information about the project and decide for yourself if its worth investing. And last, investing and making money is not as easy as people say it is, it is also not as hard as people think it is, its a journey and a process, enjoy it and make the best you can out of it.