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Wheel of Dharma which represents the path of the eight folds taught by the Shakyamuni Buddha.religionfacts.com/buddhism/symbols
The eightfold path to enlightened cryptogonal investment
As a new investor of cryptocurrencies, throwing down your shoes and taking your first steps along the Path of The Blockchain, you probably found yourself asking the following questions: the bitcoin bubble really exploded, it's too late to get started and what the best tips are to succeed in this emerging investment space?
While you are asking these questions, along with many others, you have probably noticed that the prolonged bear market cryptocurrencies have been dealt with in the last year, with last month the worst month for Bitcoin since 2011. Taking a more historic view , we see that this is only the most recent bear market, of which there have been many before. Likewise, for every bear market, there is a bull market; an infinite cycle of perpetual equilibrium, similar to the yin and Taoist yang. Therefore, despite recent significant declines, cryptocurrencies are far from being over and the path to nirvana investing cryptocurrency is stronger than ever.
Indeed, the SharesPost securities platform reported that 72% of cryptocurrency investors plan to buy more participations in the next 12 months. You should therefore expect a little traffic on your trip and pack your bags accordingly. As with any successful journey, it is best to be as prepared as possible. In this article, we'll give you the eight tips you need to achieve your desired cryptocurrency state by investing in lighting.
1. Ignore the "noise"
Many opponents in the media and financial sectors can preach that cryptocurrency is simply a fashion, excessive speculation or even a pyramid scheme. On the other hand, a growing population increasingly embraces the financial perspectives and practical applications of cryptocurrency assets. Both sides have loud voices and they like to make a lot of noise.
This noise level is expected to increase, as expected by the Satis Group Cryptocurrency trading for private investors will increase by 50% in 2019. To be a successful investor in this space, it is better to buy and hold back what you believe (see suggestion 4!) Ignoring all the noise that surrounds you.
2. Expect the unexpected
However, there is significant volatility in the cryptocurrency markets that can not be ignored. Experienced cryptocurrency investors are accustomed to huge price fluctuations that are often not found in traditional markets. By mentally preparing for these unfavorable, and sometimes terrifying, investment performance, the clever crypto-investor will be able to act rationally rather than emotionally in periods of unforeseen price declines.
3. Avoiding a bad trade or investment strategy
A common mistake for beginners cryptocurrency investors joins what is known as a "pump and exhaust" group. Some social media or "guru" communities could even promise investment suggestions for a particular currency. You should avoid these types of seats at all costs; when travelers travel these roads, they often do not come back.
The problem is that since derivative trading is a zero-sum game, there is always a winner, but above all a loser. Unless a solid trading or investment strategy is in place, following this advice is recklessly the quickest way to lose your money to modern snake oil sellers.
If you are interested in learning more about strategic trading and algorithmic strategies, take a look at our series of articles on our Alpha Predator Model.
4. Perform your due diligence
In this modern digital age, there is also wifi on the way to encrypt lighting, so there is no excuse for making an investment with little or no understanding of the underlying asset. Almost every single currency has white papers easily accessible online. And just like having the maps in the car, the experienced traveler must be prepared.
From the heavily traded to the most niche, resources like the All cryptographic white papers will help anyone to brush up on their knowledge of potential future investments. If it is impossible to understand how money works and, more importantly, it earns, then it would be wise to look for another investment opportunity. From the largest initial coin offerings (ICOs) to more niche altcoins, this site will cover you.
5. Do not put all your crypto-coins in a basket
The wisdom of common investment prevails when it comes to investments in cryptocurrency: diversification is the key. Just as financial advisors recommend taking positions in multiple types of stocks and other investments, diversification is also essential for any healthy cryptocurrency portfolio.
You have done your research, so now you have the opportunity to invest in more coins. For example, you can invest in different sectors that need different use cases. Just as it is always safer to travel as a group, then as a single person when you are in an unknown territory, the creation of a diversified portfolio will help you along your path towards the realization of potential future earnings in cryptocurrency.
6. Opt for an alternative personal e-mail
The use of a normal e-mail account puts an investor in a useless risk of exposure due to a data breach. To overcome this risk, we recommend that you create a unique account for trading only, in particular with the addition of two-factor authentication password security. Regardless of what, make sure that two-factor authentication is used for each service that offers it (for example, both the email account and the exchange account should require two-factor authorization. for access). Similarly, be sure to use an application dedicated to two factors (such as Google Authenticator or Authy) instead of using text messages for two-factor authorization (these are subject to social engineering hacks).
Also, when setting up your accounts, be sure to select a unique username and password that does not contain personally identifiable information that could be tracked down by hackers.
7. Understanding uses for both cold and hot portfolios
Cryptocurrency can be archived via offline "cold" wallet or an online "hot" wallet. The ease of access makes hot wallets a more desirable option for the novice investor. However, as costly as hot wallets are, they are likely to be hacked, while cold wallets are not able to be hacked (if properly prepared). Ideally, it is better to store the cryptocurrency that you plan to save for a long time in a cold wallet, and store only a small amount that you can use daily in a warm wallet.
Furthermore, a common mistake made by many new investors is incorrect exchanges for portfolios. Although it might seem convenient to keep everything online in an exchange, a common mantra that you might hear singing others goes like & # 39;if you do not own your keys, then you do not own your bitcoin'. And when you keep your digital assets on the stock exchange, you do not own the keys. This can become important when trades fall, are violated or both (for example, the famous Mt. Gox incident for a few years back). Take the time to look for different wallet providers. There are many great options available today and you can start learning more by clicking Here.
8. Stay cautious around the mobile wallets
Negotiating or storing large sums of any cryptocurrency via a mobile phone is simply too big a risk. Mobile phones are more prone to being compromised electronically or physically. Although convenient, convenience should not outweigh security problems that abound in performing operations or storing resources on mobile devices.
It is hoped that these eight tips will help you build a solid foundation on the road to nirvana crypto-investor. Are you looking for other suggestions? For more information on security practices, investment strategies or other best practices in the cryptocurrency trading space, & nbsp; please contact me by email at the address [email protected].
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Wheel of Dharma which represents the path of the eight folds taught by the Shakyamuni Buddha.religionfacts.com/buddhism/symbols
The eightfold path to enlightened cryptogonal investment
As a new investor of cryptocurrencies, throwing down your shoes and taking your first steps along the Path of The Blockchain, you probably found yourself asking the following questions: the bitcoin bubble really exploded, it's too late to get started and what the best tips are to succeed in this emerging investment space?
While you are asking these questions, along with many others, you have probably noticed that the prolonged bear market cryptocurrencies have been dealt with in the last year, with last month the worst month for Bitcoin since 2011. Taking a more historic view , we see that this is only the most recent bear market, of which there have been many before. Likewise, for every bear market, there is a bull market; an infinite cycle of perpetual equilibrium, similar to the yin and Taoist yang. Therefore, despite recent significant declines, cryptocurrencies are far from being over and the path to nirvana investing cryptocurrency is stronger than ever.
Indeed, the SharesPost securities platform reported that 72% of cryptocurrency investors plan to buy more participations in the next 12 months. You should therefore expect a little traffic on your trip and pack your bags accordingly. As with any successful journey, it is best to be as prepared as possible. In this article, we'll give you the eight tips you need to achieve your desired cryptocurrency state by investing in lighting.
1. Ignore the "noise"
Many opponents in the media and financial sectors can preach that cryptocurrency is simply a fashion, excessive speculation or even a pyramid scheme. On the other hand, a growing population increasingly embraces the financial perspectives and practical applications of cryptocurrency assets. Both sides have loud voices and they like to make a lot of noise.
This noise level is expected to increase, as expected by the Satis Group Cryptocurrency trading for private investors will increase by 50% in 2019. To be a successful investor in this space, it is better to buy and hold back what you believe (see suggestion 4!) Ignoring all the noise that surrounds you.
2. Expect the unexpected
However, there is significant volatility in the cryptocurrency markets that can not be ignored. Experienced cryptocurrency investors are accustomed to huge price fluctuations that are often not found in traditional markets. By mentally preparing for these unfavorable, and sometimes terrifying, investment performance, the clever crypto-investor will be able to act rationally rather than emotionally in periods of unforeseen price declines.
3. Avoiding a bad trade or investment strategy
A common mistake for beginners cryptocurrency investors joins what is known as a "pump and dump" group. Some social media or "guru" communities could even promise investment suggestions for a particular currency. You should avoid these types of seats at all costs; when travelers travel these roads, they often do not come back.
The problem is that since derivative trading is a zero-sum game, there is always a winner, but above all a loser. Unless a solid trading or investment strategy is in place, following this advice is recklessly the quickest way to lose your money to modern snake oil sellers.
If you are interested in learning more about strategic trading and algorithmic strategies, take a look at our series of articles on our Alpha Predator Model.
4. Perform your due diligence
In this modern digital age, there is also wifi on the way to encrypt lighting, so there is no excuse for making an investment with little or no understanding of the underlying asset. Almost every single currency has white papers easily accessible online. And just like having the maps in the car, the experienced traveler must be prepared.
From the heavily traded to the most niche, resources like the All cryptographic white papers will help anyone to brush up on their knowledge of potential future investments. If it is impossible to understand how money works and, more importantly, it earns, then it would be wise to look for another investment opportunity. From the largest initial coin offerings (ICOs) to more niche altcoins, this site will cover you.
5. Do not put all your crypto-coins in a basket
The wisdom of common investment prevails when it comes to investments in cryptocurrency: diversification is the key. Just as financial advisors recommend taking positions in multiple types of stocks and other investments, diversification is also essential for any healthy cryptocurrency portfolio.
You have done your research, so now you have the opportunity to invest in more coins. For example, you can invest in different sectors that need different use cases. Just as it is always safer to travel as a group, then as a single person when you are in an unknown territory, the creation of a diversified portfolio will help you along your path towards the realization of potential future earnings in cryptocurrency.
6. Opt for an alternative personal e-mail
The use of a normal e-mail account puts an investor in a useless risk of exposure due to a data breach. To overcome this risk, we recommend that you create a unique account for trading only, in particular with the addition of two-factor authentication password security. Regardless of what, make sure that two-factor authentication is used for each service that offers it (for example, both the email account and the exchange account should require two-factor authorization. for access). Similarly, be sure to use an application dedicated to two factors (such as Google Authenticator or Authy) instead of using text messages for two-factor authorization (these are subject to social engineering hacks).
Also, when setting up your accounts, be sure to select a unique username and password that does not contain personally identifiable information that could be tracked down by hackers.
7. Understanding uses for both cold and hot portfolios
Cryptocurrency can be stored via an offline "cold" portfolio or a "hot" online portfolio. The ease of access makes hot wallets a more desirable option for the novice investor. However, as costly as hot wallets are, they are likely to be hacked, while cold wallets are not able to be hacked (if properly prepared). Ideally, it is better to store the cryptocurrency that you plan to save for a long time in a cold wallet, and store only a small amount that you can use daily in a warm wallet.
Furthermore, a common mistake made by many new investors is incorrect exchanges for portfolios. Although it might seem convenient to keep everything online in an exchange, a common mantra that you might hear singing others goes like & # 39;if you do not own your keys, then you do not own your bitcoin'. And when you keep your digital assets on the stock exchange, you do not own the keys. This can become important when trades fall, are violated or both (for example, the famous Mt. Gox incident for a few years back). Take the time to look for different wallet providers. There are many great options available today and you can start learning more by clicking Here.
8. Stay cautious around the mobile wallets
Negotiating or storing large sums of any cryptocurrency via a mobile phone is simply too big a risk. Mobile phones are more prone to being compromised electronically or physically. Although convenient, convenience should not exceed security issues that abound with the operation or storage of resources on mobile devices.
It is hoped that these eight tips will help you build a solid foundation on the road to nirvana crypto-investor. Are you looking for other suggestions? For more information on security practices, investment strategies or other best practices in the cryptocurrency trading space, please contact me by email at the address [email protected].
