Getting started with Crypto Investment?🙄
Crypto Investment?
Known as the investment system in cryptocurrencies and refers to having a money and expressing them in digital currencies such as BTC and ETH, this is carried out by means of a purpose, to obtain earnings this are composed of investors involved with digital assets.
For a long period of time hoping to increase their investment margins, in addition to an investor has the option of entering or leaving the market when fluctuations occur in the prices of cryptocurrencies where it is placed their investment is by this factor that most of investors prefer to keep their digital assets in short periods.
What should I keep in mind before making an investment?
Keep in mind that digital coins tend to do very volatile prices. It is real that there is the case of gaining profits, but there is also the risk of losing investment. Then as I must invest.
How to invest in digital currencies?
Open a cryptocurrency market account where the mechanism of purchase and sale of digital assets exists.
Study and locate popular cryptocurrency through ranks written with uppercase letters such as: Bitcoin, Altcoins, Ethereum, Ripple, Lumen, EOS, Litecoin, among others.
Use online encryption exchanges, where a due diligence is displayed when performing the personal record. We must make sure to make transactions with reliable encryption exchanges.
When an exchange of renown is used we must have knowledge of the process of registration of its customers or KYC, since the personal verification steps may vary according to the central entity rules. Keep in mind the payment option. Before making the investment of the virtual currency. Many exchanges accept to make purchases through debit cards and credit cards.
There is an infinity of digital currencies available at this moment in the market and this is where a time should be investigated and taken to study the currency of my choice, where the more use to invest are BTC and ETH, another election Ripple (XRP) and Litecoin (LTC).
On the most popular encryption exchange platform are known to have features where investors can establish and configure a loss limit, profit limit, stop limit and market market orders with the aim of maximizing profits and avoiding possible losses.
The proteguard of our investment in Crypto must be in the safest way. The nature of cryptocurrencies is decentralized and therefore are not supported by any central government or financial institution that is why we are responsible for all our investments including the storage and safety of it should be done in the exchange of best choice always and When it does not have a pirate history and you can lose our investment and never be able to recover it, for example, you can use a digital or active wallet or a cold or hardware wallet so that they are not exposed.
Negative factors that affect the price of an investment
Adoption
More and more people use the exchange of cryptocurrencies causing an increase in prices this has to also see with news a very recent one who shoots the current price of BTC was the announcement of MasterCard, PayPal as well as financial institutions that will accept BTC as a form of payment.
Offer and demand
How any financial system where it is developed around supply and demand These direct the movements of prices since when a setback occurs, high demand is made within the market, where it will be possible for the price of the digital asset to increase.
Regulatory changes
The news may reach affect the way cryptocurrencies are purchased, and their use or as they are sold as they can affect their prices, and regulatory changes that control of cryptocurrencies trade as the price impulse among others.
Always remember in Crypto Investments risk management should be topmost priority, and proper knowledge could help you make better choices. HODL and DYOR should be close to one's heart and mind in Crypto World.