$BTC

Trading in cryptocurrencies involves a range of risks related to protecting your account from potential breaches or ongoing hacking attempts, especially since these currencies are not just digital but encrypted. Therefore, hacking operations are difficult to trace back to their owners. For this reason, we have dedicated a post titled 'Security and Protection of Cryptocurrency Accounts' to avoid scams and falling into phishing sites.

Do not join closed groups or subscription groups; you will find many groups closed, and no one speaks in them except their owner. Every day, you will see them claiming that they hit their target, achieved a return on investment, and posting images of several currencies that have risen significantly. Do not be fooled by the number of views and subscribers, nor by likes and interactions with those posts; they are just fake bots to lure new victims.

Do not put all your eggs in one basket. Your emotions and enthusiasm for a cryptocurrency should not lead you to bet on a single currency. It is always better to invest in several cryptocurrencies. Distributing assets across multiple places protects you from significant losses in case there is a drop in the market of one currency.

The principle of not putting all your eggs in one basket is among the most important key points of risk management, and it refers to two main things. The first is:

Investing in more than one cryptocurrency, but the choice here should be well-considered. $BTC