Things you should avoid when it comes to cryptocurrency

As we all knows, there is nothing in this world that has the good side and doesn't have the bad side. Since this is normal we surely have to make sure that we should be cautions of some certain step to take when it comes to cryptocurrency or rather still anything that we are doing in this life. I was triggered to make this type of post after seeing a lot of persons talking about some certain steps which they took that has impacted their life so negatively when it comes to their cryptocurrency journey. The reason it is cool to discuss about something like this is to get other people educated following what lies ahead.

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For the fact that I have always stated that cryptocurrency is the future does not mean that it doesn't have it negative side. They are some certain things that we should take note of and failure to do that might result to us getting burnt deep along the line. Cryptocurrency is just too sweet that at times you can be carried away to the extent that you might forget about the path that you can take that will ends up hurting you badly. This is the more reason why you should never neglect the main things that can impact your cryptocurrency journey badly.

• Spare cash; When it comes to cryptocurrency you should makes sure that whatsoever thing that you are doing, you have to make sure that you have a good working knowledge of it. The first thing to do is to never in your life invest money that is not spare cash. By spare cash I mean that when it comes to cryptocurrency no matter how the project looks promising, don't be force to invest money that is meant for your important goal. Take for example, imagine you have money that you want to use to start an important business or permit me to say you needed the money to offset your house rent bills. You already knows that your house owner has been giving you sleepless night because you are owing him or her some money. Now that you have such money, why on earth will you invest it into something that is not certain. You knows that cryptocurrency is mirage, you can invest just now and you will start loosing money. It is better you give the money to the house owner than investing it in cryptocurrency. Always knows that nothing is certain when it comes to cryptocurrency. Since that money is not a spare cash don't invest it into any cryptocurrency project, endeavour to make sure that you save it and use it for the important thing that it is meant for. As per investment you should make surely that you invest money that you will loose to cryptocurrency and still be okay, if you have such money then you can invest it into cryptocurrency.

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• Research before buying, avoid Fear of Missing out (F.O.M.O); This is very common when it comes to cryptocurrency. The moment you see people rushing or keying into a certain cryptocurrency project you should not rush and take side with them by simply buying into such cryptocurrency project. Mind you, it might favours you at times and also it might goes the other way too. This is why it is very vital for you to research about the cryptocurrency project and observe why there is hype around it. If what you saw impresses you then you can play along by investing but if you found out that there is nothing positive driving the price of the project please have a rethink or invest spare as always.

• Be cautions of referral: There is every tendency that once people sees you progressing when it comes to cryptocurrency they will love to ask you to carry them along. It is good you introduce them to cryptocurrency since we all knows that cryptocurrency is the future. Despite that, one thing to do is to make sure that you should never advice or forces them to invest into any cryptocurrency project. Please endeavour to make this a red flag because if you advice them to buy into any cryptocurrency project, if at the tail end things goes not to plan, your friendship with that person might has issues. It is only those that understand cryptocurrency that will over look this why they loose their hard earned fund. I have seen a situation where you will eventually pays the person you referred to buy into a given cryptocurrency project if it fails. So always use your brain in other to avoid what I said above.

• Don't advice them to sell or buy into any crypocurrency project. You can advice them to sell and the cryptocurrency project will keep rising, once they saw that they were suppose to make $100,000,000 and because you advice them to sell and they did, with them making just $5,000,000 instead of $100,000,000, they will eventually gets mad at you. They have forgotten that things can also goes the negative way. You knows how humans behave when it comes to money.

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• Don't journey alone: No matter how and what you do when it comes to cryptocurrency don't in any way tries to do it alone. Cryptocurrency is not a one man gang stuff. The one man gang might not help you in a long run, always make sure that you surround yourself with positive thinkers who are far better than you thank trying to do things alone. The above advice will help to better up your crypocurrency journey as you progresses. Always remembers that nobody is an Island so don't in any way wants to be one. This is simply because you will never enjoy the journey alone. Cryptocurrency is for team work.

Conclusion

I will end the post here but please endeavour to work with what I stated above, they will surely impact your cryptocurrency journey positively.

            Tfame3865  
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