The crypto market is uncertain. As strong as the prospects for profits are, investments can be disastrous. So before investing in cryptocurrency, keep in mind a few specific things. Don't forget to walk the path of investment inspired by experts or celebrity tweets. Use all these tricks. Cryptocurrency is notoriously volatile.


And where there is instability, both earning and losing money can become big If you're investing based on what a celebrity tweets or a self-proclaimed expert tells you to do, you're at a disadvantage. So here are 10 simple rules to help you understand and understand why common mistakes happen and how to avoid them.


The best way to plan cryptocurrency investment?


1) Do not blindly follow the "expert" but always collect information by your own research You will find many crypto "experts" on the Internet. It may seem hard to believe but it is also a fact that there is no real crypto expert at all. Because cryptocurrencies are so volatile, no one will be able to accurately predict their value. So, pay attention to your own research


2) Don't get low liquidity in crypto. In that case, you can get stuck in this investment badly Money liquidity is the ease with which crypto can be bought and sold. If crypto has low liquidity, you will not be able to sell it easily even when the time is right. And instead of making a profit, you get stuck with it.


3) Do not try to market "on time" When you look back in time everything seems very logical and clear. You may regret not being able to buy Bitcoin at a lower price or selling it at a higher price. There must be this regret. Do your research and if you think certain crypto is cheap then buy it. Or if you think it's too expensive now, sell it.


4). Buy rumors, sell the truth. This word works in most financial markets. Suppose a special crypto project is expected to announce some strategy-changing new features. When you first hear it, buy crypto.


As more and more people begin to hear about this, prices will continue to rise. And when the implementation of those features is announced, the price will suddenly go down! Why? The reason is that those who bought it first will sell it and take their profits home. The caveat here is - make sure the rumor is based on reality!


5). Don't play with derivatives unless you are a professional. Derivatives are financial instruments that derive their value from certain assets, such as interest rates, cryptocurrencies, and so on. Futures and options are common types of derivatives that are used to reduce risk and hedge against uncertainty. But if taken in the wrong hands, the derivatives can cause financial catastrophe. So don’t play with derivatives unless you really know what you’re doing.


6). Don't buy non-fungible tokens (NFTs) unless they give you exclusive rights. People are running after non-fungible tokens. We often hear that pixelated graphics are selling for millions. Don't be upset when you hear such propaganda. Unless an NFT gives you some exclusive rights, it's worthless.


7). Never do short selling. Short selling is when you sell crypto even if you don't have anything in hand, hoping that the price of crypto will go down. Never sell bitcoin short ৷ Crypto actually bankrupts an investor and pushes him towards short-selling ৷Lord Ashdrek was a Romanian bitcoin trader who made money by selling lots of bitcoin. He then made a short sale at 300, and within a few weeks, Bitcoin reached 800. Due to this, he went bankrupt


8). Don't leave your crypto on an exchange There is a saying in the crypto world - "If you don't have keys, you don't have coins". When you place your crypto on a centralized exchange, you no longer have any control over it. If the exchange is hacked or the owners disappear, you lose all your crypto! So always store your crypto in your own wallet - on paper, hardware, or software.


9) Learn to use the wallet - it can be paper and HD Would you lose your money if you accidentally deleted your mobile banking app? No. You can easily reinstall the app because your money is with the bank. With that, crypto is completely different. If you delete your crypto wallet without backing up, you will lose all your crypto! So, learn how to use crypto-wallets, paper, hardware, and software.


10) Read the Future Money Playbook before you start investing. Crypto investing is not easy. There are many technical and financial issues that you need to learn first. Future Money Playbook is especially needed for new investors. It can be downloaded for free.