Things to Learn before buying a Cryptocurrency

[Kyoshiro]

I would like to add one:

Understand WHY you are entering the crypto market. So many new people have joined the crypto world out of curiosity, a desire to "get rich quick". Or an ill-informed conviction that crypto is the answer to "life, the universe, and everything". Even experienced traders that have made the leap from stocks/shares/forex can find the transition difficult to navigate. 

I can think of several reasons to enter the market:


Investment for the future
Investing in a monetary structure that will (maybe) replace the existing fiat one.
Speculation - Trading on short or long-term price movements.
Conviction of "to the moon" (
Get rich quick

The first three are valid, they just require a lot of research, if you think for one minute that the bottom two are good reasons to enter the market - stop yourself.

Thanks for the add-ons. Well, most people really want to get rich as easy as possible not knowing that they are only digging up the dungs of losing their money. Your statement is a good help for beginners. Keep up the good work.

[Areding]

Before investing in a crypt, I began to find, how I could make money on it. It turns out that there are many interesting variants.

[M.bhussaini]

This is the very heart of crypto basis. Market caps are all around revolving inctypto and we should learn how to avoid any mistakes on investing.

[Rehan]

Yes, the topic of a cryptocurrency wallet would not interfere here. I am just starting my journey and while I study cryptocurrencies themselves, but I am already looking after a wallet where i can keep funds

[M.bhussaini]

mate, I appreciate the effort and time you put into writing this post, with the purpose of education. Even season cryptosiast still learned something.