🔑 NEED TO KNOW NOW: 3 GOLDEN RULES BEFORE BUYING YOUR FIRST CRYPTO!
Welcome, you are ready to join the market! Don't rush to hit the "Buy" button. Let's equip ourselves with the 3 most important weapons for smart and safe investing.
1. 🛑 ONLY INVEST MONEY YOU CAN AFFORD TO LOSE (The Risk Rule)
The Crypto market is highly volatile.
• No All-in: Absolutely do not use borrowed money or basic living expenses.
• Goal: Treat your initial investment as a learning cost. If you lose it, your finances should still be fine.
• Practice: Start with a small amount of capital (e.g., 1-5% of your total investment assets).
2. 🧠 DO YOUR OWN RESEARCH (DYOR)
Don't blindly trust advice from anyone. The wallet is yours.
• Avoid FOMO/FUD: Don't buy out of fear of missing out (FOMO) when prices rise, and don't sell out of fear (FUD) when prices drop.
• Fundamental research: What problem does the project solve? Is the development team reputable? Is the community growing?
• Advice: Read the Whitepaper and official announcements from the project.
3. 🗓️ DOLLAR-COST AVERAGING (DCA)
Don't try to guess the top/bottom.
• DCA Strategy: Divide the total amount of capital you want to invest and buy at fixed intervals (e.g., buy 100 USD/month).
• Benefits: Minimizes the risk of buying at the highest price and helps you average your investment costs over time.
• DCA = Psychological Advantage: You don’t have to worry about timing the perfect moment.
🔔 Take action now! If you find this article helpful, please Like & Follow the channel to not miss upcoming analyses and lessons from Hưng. Knowledge is profit!
