Expert Tips for Earning Money and Avoiding Losses in Cryptocurrency Investing
Sunday, 21 April 2024, 13:00
Top 3 Rules for Profitable Cryptocurrency Investing: Expert Advice
Cryptocurrencies are volatile, and many investors lose money on them. Check out the rules I've followed to come out ahead with crypto.
The crypto market is an unforgiving place
- A study by the Bank of International Settlements estimates that 73% to 81% of Bitcoin (BTC) investors have lost money on their initial investment.
- Patience is a virtue, especially when you invest in crypto.
- Focus on the largest cryptos: Bitcoin and Ethereum.
- Don't overcommit: Put no more than 5% to 10% of your portfolio in crypto.
If you're a current or future crypto investor, following these rules could significantly improve your odds of success.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.