For you to stay popular in crypto currency, you must first be committed and determined to continue in the crypto world. There may be up and down, fall in price, but consistency is the key. I have outlined a number of key things to do to remain popular.
- AVOID LISTENING TO RUMOURS
You may hear countless rumour on pages of media, that crypto currency is a scam; accordingly Forbes put it this way ‘Many naysayers in the media and financial sectors may preach that cryptocurrency is simply a fad, over-hyped speculation, or even a pyramid scheme. On the other hand, a growing population increasingly embraces the financial prospects and practical applications of cryptocurrency assets. Both sides have loud voices and like to make a lot of noise.’ Listening to all the stories you here can make you lose investment worth millions.
- BE READY FOR ANYTHING
This simply means be ready for profit and also lost of money, in crypto, prices can hardly be predicted; your little coins can make or mar you. Forbes put it this way ‘By mentally preparing for these unfavorable, and occasionally terrifying, investment performances, the intelligent crypto investor will be able to act rationally instead of emotionally in times of unexpected price drops.’ This simply means be ready to accept the fall or rise in price.
- KNOW WHEN TO TAKE RISK
To be popular in the crypto world does not mean you must buy every coin in the market, no, you have to invest wisely, Unless a solid trading or investment strategy is in place, heedlessly following such advice of buying every single coin in the market, is a fast track to losing your money to modern-day fall or delisting of such coins.
- USE MORE THAN ONE WALLET IN SAVING YOUR COINS
It is more like saying, have more than one bank account, this is important in case there’s a drop or increase in rates, additionally ‘you can invest across different sectors which serve different use cases. Just like it’s always safer to travel as a group then as a single person when you’re in unfamiliar territory, establishing a diversified portfolio will help you along your path toward realizing potential future cryptocurrency gains.’ This is accordingly to Forbes.
- HAVE A GOOD BARGAINING SKILL
The important of this point cannot be overemphasized, trading or buying of coins in different platform involves a good strategic bargaining skill in other not to be on the losing side.
- HAVE A SAFE RECOVERY OPTION FOR YOUR WALLETS
You have to protect your wallet, by saving your recovery options in a safe place to avoid losing your coins. For example storing recovery option via mobile phone is simply too great a risk. Mobile phones are more prone to being compromised electronically or physically by any other third party.
Holding is the process of keeping a coin for a longer period to accumulate more values; those who hold longer are bound to be richer.
These points above if strictly followed will not only give you an edge in the crypto world but will make you more popular, richer and smarter while trading.