The art of thinking for yourself: how to invest in cryptocurrencies wisely

EanB...n5vb
2 Jun 2023
310

Originally Posted On Publish0x



Cryptocurrencies are one of the most revolutionary and disruptive phenomena of recent years. They are digital currencies that operate in a decentralized manner, without intermediaries or central authorities, and are based on an innovative technology called blockchain. Cryptocurrencies offer advantages such as speed, security, transparency and financial inclusion, but they also involve risks such as volatility, uncertainty, speculation and fraud.


Against this backdrop, many people are attracted by the possibility of investing in cryptocurrencies and making a profit. However, not all of them do so with the necessary knowledge, prudence and common sense. Some get carried away by fads, trends or the recommendations of so-called experts, coaches or advisors, who in reality are only looking for their own interest or profit. These people can end up losing their money or falling victim to scams or deception.


Therefore, it is essential to learn to think for yourself and make informed and rational decisions when investing in cryptocurrencies. This implies developing a series of skills and attitudes that allow us to be more autonomous, critical and creative. Some of these skills and attitudes are:


📌 Researching and contrasting information about cryptocurrencies, their characteristics, operation, history and projection. Not to trust unreliable, biased or interested sources. Seek objective, verifiable and updated data.


📌 Analyze and compare the different investment options in cryptocurrencies, their advantages and disadvantages, their risks and opportunities. Do not be seduced by promises of quick, easy or guaranteed profits. Be aware that every investment involves a degree of uncertainty and that there are no absolute certainties.


📌 Define and plan your cryptocurrency investment objectives and strategy, taking into account your profile, needs, expectations and own resources. Do not copy or imitate what others do without further criteria. Be consistent with one's values, principles and personal vision.


📌 Evaluate and periodically review the results and performance of the investment in cryptocurrencies, as well as the context and market conditions. Not to hold on to an idea or position without questioning it. Be willing to learn from mistakes and adapt to changes.


📌 Seek and take advantage of training opportunities, guidance and professional advice on cryptocurrencies, provided they are of quality and trustworthy. Not to relinquish one's own judgment or delegate responsibility to others. Know how to listen, filter and value the opinions of others.


Investing in cryptocurrencies is an activity that requires thinking for oneself and not being influenced or manipulated by external or interested factors. This is the only way to take advantage of the potential of this new form of money and contribute to the development of a fairer, more democratic and innovative economy.


👉💯💲🎁 All of the Tools, Platforms and Applications that are promoted in this article have referral programs with which you can earn passive earnings without investment, however, I recommend that you do your own research.


⚜ Bitrefill - Living with crypto, a philosophy of financial freedom.

⚜ Invitation (1), Invitation (2) - Increase your traffic sources, share your referral code with the world.


⚜ AddmeFastBscAds - Advertise websites: Earn cryptocurrencies and boost your Referral Links and Social Networks.

⚜ StormGain - Trading - They can start without investment, capital is acquired with the Bitcoin Cloud Miner. The capital obtained in mining is not withdrawable, only to operate on the platform, profits withdrawable to the portfolio of your choice.

⚜ CoinInn - Trading - Bonus between $500 and $750, non-withdrawable, trading only, valid for 6 days, profits withdrawable to the portfolio of your choice (Need to complete KYC to extract).

⚜ QuantFury (JRRU2593) - Trading - Bonus in cryptocurrencies or company stock worth up to $250.

⚜ KuCoin,  BingXPrimeXBTCoinEX,  MoonXBTBiBoxBitYardZooMex - Trading - They offer different bonuses.

⚜ StormGain affiliate programWallet HandCash - Make money and/or cryptocurrencies with affiliate marketing.

⚜ CoinMarketCapTradingView - Indispensable tool for traders.

⚜ NFTify Store - To create your own NFTs store, without investment, no codes. 

⚜ LaMint ,  TakeItNFTs,  PowChessHasteArcade - Earn Bitcoin SV (Without Investment).

⚜ Books & Other Tools - Some things you may find interesting.

⚜ Ledger,  BixBox02Ellipal TitanKeystone - Hardware Wallet.

"You will ask yourself: And if I take a risk and lose...? I will ask you: AND IF YOU RISK AND WIN? Success begins with thought, because sooner or later the man who wins is the one who believes he can do it. Do not be afraid of mistakes or failure, winners are not afraid of losing, losers are, in most cases the risk comes from not knowing what you are doing, so trust yourself, learn, be patient, manage your emotions and above all, enjoy the journey, what the wise man does at the beginning, the fool does at the end" - Anonymous.

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Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.

“Everyone has their own forms of expression. I think we all have a lot to say, but finding ways to say it is more than half the battle" - Criss Jami.

"Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth" - Marcus Aurelius.


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5 Comments

B
andrewsaul
It's such the wild west in crypto and we don't have the safety provided by regulatory bodies. Until we have base standards any project must meet to be granted a licence we'll continue to have a situation where anyone can launch anything. However blockchains mean there is a lot of transparent data available to you. You don't need to be an expert on analysing data to make a reasonable assessment on investment. Take PulseChain for example. You can just look at the data on DeFi Llama and CoinMarketCap to see there's something terribly wrong about that blockchain and the main DEX. Nothing lines up with what PulseChain are reporting. That's your red flag.
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