It was around this time last year that I started getting into the world of Cryptocurrency.
There’s been a few personal developments of late which resulted in me selling my crypto assets. I’ve recently been able to start getting back into the world of crypto.
My Key Takeaway’s
- Don’t believe the hype:- Just because it’s in the media doesn’t mean its going to effect the price of your coin;
- Play the long game:- It’s not a get rich quick scheme;
- Know when to cash out.
I think an area that I lack in is knowledge around how it all kind of works in terms of what makes the price increase and what can make the price fall.
For instance Shiba went through the roof not to long ago, I’d invested a couple of quid in the currency and no to long after the price rose. However, rather than deciding now was a good time to pull out I left the balance in there and the price dropped.
I think there is a way in which you can make money through the crypto world, however, knowledge around the area is important if I’m going to get anywhere with it.
I’ll spend a bit of time looking into various websites, resources and communities to find out how I can make Crypto work for me.
Perhaps organising ones bookmarks folder would be a good idea as well, that way I can easily reference sources of information that is credible.