Crypto for beginners

#cryptoforbeginners Can a bull run like 2017 possibly happen again? Maybe, but there are a lot more coins than there were in 2017. So you have to research to buy into the right projects. Even now sh$tcoins can still pump, but they'll probably dump as fast as they pump too.

#cryptoforbeginners buy low, sell high! That's easy, but in reality most buy green candles and sell the red ones. Marketpsychology is a weird thing. Learn to control your emotions, follow your plan. Don't fomo and don't hold for too long. Take profit (TP) at your target price.

#cryptoforbeginners When you choose to invest in coins with a real usecase the chance that your investment will appreciate is much bigger than when you just buy the hype of the day coin. Maybe it will pump but will it still be worth something in a year?

#cryptoforbeginners what is leverage trading? It is a way to invest more money than you have, by increasing leverage from 2x up to 125x. To get involved with that is very dangerous for beginners, as the risk to lose your entire investment is equally increasing.

Nice guide for starters!

What does DCA mean? It means dollar cost averaging. When you invest in a coin you can buy a little bit of it every month, so your total stack has a fair average price. When your coin dips you can buy more instead of feeling bad 😜