HAVE A DEEP KNOWLEDGE OF CRYPTO BEFORE INVESTING IN IT

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Did you know it's not good to use all your money to invest when you know you don't have any left to feed yourself or take care of your expenses or emergency needs?

A coursemate of mine in college read an article online on how people are cashing out online with the help of crypto, and he went ahead to use all his savings and money meant for feeding to invest in crypto. The business is not illegal, so I can't blame him for investing in it, but I blame him for using all his money to invest without doing any research.

Growing up, I learned that the best money that a person can use for investing is the money he gets from his other business. What I mean is that you can't just wake up one day and decide that the first business that comes to mind is investing in crypto when you don't have any other source of income. What if, at the time you invested your money, the price went down? That's why it's good to have other sources of income or have the mindset of bearing a loss in case the price goes down in the market.

Crypto has its disadvantages and its advantages, and it deals with you making money and likely losing money too. How smart you are in trading will determine the amount of money you will gain and lose.

Another thing you should do when you want to go into crypto is to look for a person who has deep or thorough knowledge about it to put you through it so that you will understand everything about it before going into it. With your mentor's help, I know the journey will be easy for you, unlike when you want to start alone without any help.

There are even a lot of courses online that teach people the basis of cryptography and what they have to know about it from the beginning to the end. A person who takes a course like that and learns it thoroughly, not just leaving it on his mobile phone, will definitely gain a lot of knowledge about cryptocurrency.

Thank you for reading.

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