Crypto currency :
There is tool invented between crypto investor and investment in this market but it is a digital asset which is shows awesome up and down. So, before invest in this market we should remember some point .It is very common to invest in crypto as compare to previous time. Doubt, fear and uncertain is faced by investor between invest as a popular tool.
Now company is also accepted this new market “crypto currency”. Instead of all other crypto currency is highly volatile which is victim of digital asset. So ,before invest in this market we should know about crypto and ready for invest in crypto.
1.Deep research is necessary
First of all, before you invest ,you should sure that your research is right. It is very common in matter of money. Before you invest ,you should know the full details of that medium .But in the case of crypto currency, it is very necessary to collect the information because at present it is a new market and different medium from traditional investment. So, you should understand the various crypto currency such as block chain technology and also know how to work in crypto.
2. Verify every information :
Crypto currency is a decentralized market and no one regulate it. That means, there is neither agency nor person control. Just like traditional currency there is neither government nor government agencies and do not see rules. This is totally independent, in such a situation you give the answer and you are responsible. There is a fear of fraud and forgery.
How to be crypto investors ?
What is a market strategy?
3.Believe in your Research :
Normally say about crypto market that no one know about this .Beside of it, there are many market analytic, trend express and social media influencer who give strategy and tips on crypto market but it is necessary that you should not believe on everyone, see your research and build your strategy based on your personal finance.
4. Start with small investment :
To pay attention, while you start investment in crypto that in initial stage, invest in only one crypto. You should not invest here and there. In crypto currency, there is an awesome up and down. So, this will be smart that you should start with small investment.
Invest in one crypto and learn how to deal in crypto.
5. Take some patience :
Crypto is volatile means that unstable as it is warned. In such, this is necessary that you should take some patience and market move good or bad , change. Always make strategy with cold mind.
6. We should keep one new E-MAIL ID :
Crypto currency trading , crypto exchange or peer to peer is on network. For trading on platform you have to open Account through E-MAIL ID for protect the data.
7.Must know about crypto currency wallets :
Crypto currency can store in online and offline wallets. For new investor online wallets is best. However, there is more fear of hacking. In such a situation, understand both the wallets very well.
8. Do not store all your currency in mobile wallet :
There is no repetition that mobile wallet is very convenient but they are very easy to hack .In this situation never store your complete information in mobile wallet.
9. Don’t forget tax on crypto:
Because there is no regulation of any agency .In such situation, maximum profit from this is a taxable. In this, firstly know about rules of country regarding crypto investment and tax after that invest in crypto.
10.Don’t hurry :
Crypto currency is tempting medium and many people connect for invest and trading in this.
But this does not mean that you jump in . You should analysis your finances and know well about rules and regulations. Then begin investment and keep watch the news of crypto and see whether there is any change or not.