Tips Every Cryptocurrency Investor Must Know | Mao Lal

Mao Lal is from Berlin, Germany and he is a big investor in Bitcoins. Mao Lal always thinks about being successful in life. As a new cryptocurrency investor, kicking off your shoes and taking your first steps along the Path of The Blockchain, you’ve probably found yourself asking the following questions: did the bitcoin bubble really burst, is it too late to get started, and what are the best tips to be successful in this newly emergent investment space?

While you’ve been asking yourself these questions, along with many others, you’ve probably noticed the prolonged bear market cryptocurrencies have been facing the past year, with just last month being the worst month for Bitcoin since 2011.

1. Ignore the "noise"

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.

This noise level is only expected to increase, as Satis Group predicted cryptocurrency trading activity for personal investors will increase by 50% in 2019. To be a successful investor in this space, it is best to just buy and hold what you believe in while ignoring all the noise around you.

2. Expect the unexpected

However, significant volatility does exist in cryptocurrency markets which cannot be ignored. Experienced cryptocurrency investors are accustomed to huge price swings that you often don’t find in traditional markets. 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.

3. Avoid a bad trade or investment strategy

A common mistake for novice investors cryptocurrency join what is known as a "pump and dump" group. specific social media communities or 'teacher' can even promising investment tips about the particular coin. You must avoid the kind of place at all costs; when tourists go down this path, they do not often come back.

The problem is that since derivatives trading is a zero-sum game, there is always a winner, but more importantly a loser. Unless solid trading or investment strategy in place, heedlessly following these suggestions is a fast track to lose your money for a modern snake oil salesman.

If you are interested in learning more about strategic trading and algorithmic strategies, check out our series of articles about our Alpha Predator Model.

4. Perform your due diligence

In this modern digital age, there is even crypto wifi on the road to enlightenment investment, then there is no reason to invest with little or no understanding of the underlying asset. Almost every single coin has a whitepaper easily accessible online. And like having a map in the car, savvy travelers should be prepared.

From often traded for most niche, resources such as All Crypto Whitepaper will help any person brush up their knowledge of the potential for future investment. If it is not possible to say how the coins to operate and more importantly, make money, it would be prudent to look for other investment opportunities. From the beginning of the largest offerings of coins (ICOS) to the most altcoins niche, this site will have you covered.