Hello Hive

Source

Trading and investment in cryptocurrency is good and also risky, in which if you are not careful you may end up losing everything in life.
Before trading and investing in cryptocurrency the are some few things I will love you to take note and put into practices.

Cryptocurrency is not something that you just wake up one day and start investing and make gain instantly, maybe you see your friends making it and you think is that easy. Check out this few points I put down 👇👇 which will help you to know we'll before investment

Understand the process of buying, selling and exchanging cryptocurrency before investing

This is the first thing you need to put in consideration, before anything you have to locate the platform that can allow you to deposit and withdraw in you own local currency, ie moving funf to and flow cryptocurrency ecosystem.

And also understand how to consider the process of buying and selling so that if need arises it will be simple for you.

Don't invest more that what you can afford to lose

Some people use their business money, School fee's, house rent and even loan money to invest in cryptocurrency putting all their hope in it, and if the lost the money you can see some of them can commit suicide because to payback the money to the owner will not be easier.
I can remember the first day I use olymp trade to trade with my last money having hope that I will make it simple since I have been using the memo account and I make it, you know what I lose all my money, I almost kill my self. Since then I learn a lesson.

Keep the long term in mind

People think cryptocurrency is a place for fast money making, and the will become richer in few day, if you consider this you may end up being scam, so when investing keep long term in mind that you become richer with time not so fast.

Do your own research before investing

Before investing you need to do more research, study flexibility of the price and choose when to trade and when not to
. Don't invest because you see you friend doing so if not you will end up losing everything.
Crypto is very risky and it need mind, 80% of that exist today may go down to zero within some days.

Investing in a trusted platform

The are so many scammers all over the world and if you're not careful you my end being scam.
I fall a victim one day where I was ask to send money so that the can help me double my money for me and send about 10 dollar to the person just to discover my money I lost in trading and supprise I was block from contacting him. So one need to be very careful.

The are so more other things you need to know in which you can check for it online.
Thanks so much for your time and support. See you in my next post.