Tips On What To Avoid When Investing In Cryptocurrency

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Via FX Leaders
Shiavon Chatman
June 13, 2021

Black people are far underrepresented when it comes to investing. But there’s a new, accessible investment opportunity we can jump on. “Cryptocurrency” can be confusing, but it's a BOOMING investment!

Crypto has a very low barrier to entry – investing small amounts can be a great start to building wealth. Here’s how.

#1: Never invest more than you’re willing to lose.

Investing is ALWAYS a gamble. There’s no easy and safe way to earn a fortune. Invest SMALL amounts to start, and you’ll be able to safely see how the market behaves.

#2: Buy low, sell high!

This is the essence of every investment, but crypto is especially volatile – prices rise and fall daily. Start with something cheap, and watch how the price changes. Buying “the dip” is standard for crypto – when the price falls, buy more and hope it will go back up again!

#3: Find the best app!

The standard app for buying and selling cryptocurrency is Coinbase, and you can earn crypto FREE just by learning more about how cryptocurrencies work! If you’re curious about new investing strategies, or want a more comprehensive experience, try eToro.

We have the opportunity to get in on this trend fairly early and learn how these systems work. This will help us become financially independent so the wealthy can’t hog all the profits!

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