• About Us
  • Disclaimer
  • Privacy Policy
  • Contact Us
Best Digital Mate
  • Home
  • Business
    • All
    • Cryptocurrency
    • finance
    Why should you invest in Tata Motors Shares?

    Why should you invest in Tata Motors Shares?

    Bitcoin Investment Progress for this Decade in Seychelles

    Bitcoin Investment Progress for this Decade in Seychelles

    Dogecoin Trading Strategies: How to Profit from Volatility

    Dogecoin Trading Strategies: How to Profit from Volatility

    Vintage maps

    Why are Maps and Vintage Maps so Popular?

    Decoding Bitcoin: How it works, and it's Potential

    Decoding Bitcoin: How it works, and it’s Potential

    Crypto Wallet App for Secure Online Transactions

    Crypto Wallet App for Secure Online Transactions

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • finance
  • Digital Marketing
    • SEO
  • Technology
  • Health
  • Travel
  • Education
  • Gaming
  • Real Estate
  • More
    • Gadgets
    • Event
    • Entertainment
      • All
      • Celebrity
      1337x Proxy Site List in 2022: Free Access to Premium Content

      1337x Proxy Site List in 2023: Free Access to Premium Content

      13377x Movies

      13377x Search Engine for Movies, Games, Software, Applications in 2023

      Movierulz ps Website for Telugu Movies, TV Shows and Webseries in 2023

      Movierulz ps Website for Telugu Movies, TV Shows and Webseries in 2023

      MKVCinemas - Watch Bollywood, Hollywood, Hindi, and Bengali Movies Online

      MKVCinemas – Watch Bollywood, Hollywood, Hindi, and Bengali Movies Online

      Desiremovies Website for Watching Bollywood Hollywood Movies for free

      Desiremovies Website for Watching Bollywood Hollywood Movies for free

      Rainierland

      What is Rainierland? and its Alternatives Websites in 2022

      Trending Tags

      • Golden Globes 2018
      • Grammy Awards
      • Explore Bali
      • Champions League
      • Harbolnas
    • Electronics
    • Training
    • Outdoor
    • Fashion & Beauty
    • Lifestyle
No Result
View All Result
  • Home
  • Business
    • All
    • Cryptocurrency
    • finance
    Why should you invest in Tata Motors Shares?

    Why should you invest in Tata Motors Shares?

    Bitcoin Investment Progress for this Decade in Seychelles

    Bitcoin Investment Progress for this Decade in Seychelles

    Dogecoin Trading Strategies: How to Profit from Volatility

    Dogecoin Trading Strategies: How to Profit from Volatility

    Vintage maps

    Why are Maps and Vintage Maps so Popular?

    Decoding Bitcoin: How it works, and it's Potential

    Decoding Bitcoin: How it works, and it’s Potential

    Crypto Wallet App for Secure Online Transactions

    Crypto Wallet App for Secure Online Transactions

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • finance
  • Digital Marketing
    • SEO
  • Technology
  • Health
  • Travel
  • Education
  • Gaming
  • Real Estate
  • More
    • Gadgets
    • Event
    • Entertainment
      • All
      • Celebrity
      1337x Proxy Site List in 2022: Free Access to Premium Content

      1337x Proxy Site List in 2023: Free Access to Premium Content

      13377x Movies

      13377x Search Engine for Movies, Games, Software, Applications in 2023

      Movierulz ps Website for Telugu Movies, TV Shows and Webseries in 2023

      Movierulz ps Website for Telugu Movies, TV Shows and Webseries in 2023

      MKVCinemas - Watch Bollywood, Hollywood, Hindi, and Bengali Movies Online

      MKVCinemas – Watch Bollywood, Hollywood, Hindi, and Bengali Movies Online

      Desiremovies Website for Watching Bollywood Hollywood Movies for free

      Desiremovies Website for Watching Bollywood Hollywood Movies for free

      Rainierland

      What is Rainierland? and its Alternatives Websites in 2022

      Trending Tags

      • Golden Globes 2018
      • Grammy Awards
      • Explore Bali
      • Champions League
      • Harbolnas
    • Electronics
    • Training
    • Outdoor
    • Fashion & Beauty
    • Lifestyle
No Result
View All Result
Best Digital Mate
No Result
View All Result
Home Business Cryptocurrency

How to Start Investing in Cryptocurrencies From Scratch?

Admin by Admin
May 27, 2022
in Cryptocurrency
0
How to Start Investing in Cryptocurrencies From Scratch?
586
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

Investing in cryptocurrencies is no different from investing in stocks, it is even easier to invest in cryptocurrencies. Its main advantage is that the entry threshold is very small, unlike the Stock Market.

Introduction

Table of Contents

  • Introduction
  • What a beginner needs to know before starting to invest in cryptocurrency?
  • Fundamentals of investing in cryptocurrencies
  • How to select cryptocurrencies
  • Fundamental analysis
  • Technical analysis

You already know that you can invest in a project before entering the stock exchange, but what if you don’t want to or don’t get into such projects?

This is where good old investing comes in. The problem is that beginners only know about BTC, ETH and meme coins, and there are about 16,000 different coins on the market, in different networks and with different purposes. How to choose coins and where to look for them, we will analyze in this article.

What a beginner needs to know before starting to invest in cryptocurrency?

First, you need to know the basics of the crypto market.

  • The crypto market works 24/7
  • The rate of all cryptocurrencies is mainly dependent on Bitcoin
  • Investments are a high risk, but investing in cryptocurrencies carries even more risk, because the rates of some cryptocurrencies can easily grow by hundreds of percent in a day, or fall to zero in an instant
  • Not all assets are highly liquid
  • Not all assets are on the same exchange (Here you will need to be flexible or use the Letsexchange crypto exchange to change LTC to NEO, for example)

And so you already know the basics of cryptocurrency, now let’s move on to the basics of investing. The most important thing in investing is to have a clear plan, without a plan you will be doomed to failure in investing.

Fundamentals of investing in cryptocurrencies

The most important thing you need to start investing is:

  • Account on one of the CEX-exchanges;
  • Either a wallet to access DEX exchanges.

For beginners, it is better to get an account on one of the CEX exchanges.

Next, you need to decide on the allocated amount for investment. You should not immediately carry all the money into the market.

Next, you yourself need to allocate an amount that will not be critical for you, for example:

  •       Every month you earn $1000, and after calculating how much you need for life, for the next month, you have, for example, $500, and from these funds you allocate no more than 10-15%

In general, it is better to adhere to such a strategy, when a certain percentage of the funds that remain are invested in an investment portfolio.

Rules to follow:

  •       Do not buy at all one asset (Do not put your eggs in one basket, for example, you can change part of your ETH to BITCOIN)
  •       Buy assets because of what someone said (Example, recently a famous singer advertised a TON coin that flew by 80% in a day, but most went already at the peak of growth)
  •       Adhere to the rules: Asset selection, portfolio management and always take risks
  •       Don’t get carried away by emotions (Invest and make portfolio decisions with a cool head)

How to select cryptocurrencies

Fundamental analysis

  •       It’s worth starting with Whitepaper (What the project creates and what problems it affects)
  •       Team (Who, where, where they worked, and what they did)
  •       Investors and partners (What kind of investor, where did they invest before?)
  •       Roadmap (Development Plan, here it is important to study which products and when they will be released and in what period their project will be implemented)

Technical analysis

It’s already to each his own, but is it worth using it?

Rather, yes than no!

Technical analysis is a separate world, and it will take a lot of time to learn everything by heart, but we will help you to reduce it!

What is worth knowing and studying from technical analysis for investing?

Sideways trading is what I myself use because the market spends most of its time in the sideways, and in the sideways there is a set or unloading of Big Holder’s positions

  • Fibonacci lines (Used for false takeaways)
  • Level of maximum volume (Used in conjunction with Fibonacci to find TBX)

Here’s what you need to know to trade sideways

Trend trading is the phase of the market where many lose

  •       Horizontal volumes
  •       And trade sideways

I would not study anything else for investing, because different lines will not give you an advantage, because usually these are manipulation patterns from where you can only take a loss.

Tags: Crypto ExchangeCryptocurrenciesInvesting In Cryptocurrenciesportfolio managementTechnical analysis
Previous Post

1xBet for Online Betting in Bangladesh

Next Post

Most Alluring UK Villages You Must Visit This Summer

Admin

Admin

Related Posts

Bitcoin Investment Progress for this Decade in Seychelles
Cryptocurrency

Bitcoin Investment Progress for this Decade in Seychelles

by Daniel Watson
July 25, 2023
Dogecoin Trading Strategies: How to Profit from Volatility
Cryptocurrency

Dogecoin Trading Strategies: How to Profit from Volatility

by Admin
May 1, 2023
Decoding Bitcoin: How it works, and it's Potential
Cryptocurrency

Decoding Bitcoin: How it works, and it’s Potential

by Admin
March 20, 2023
Crypto Wallet App for Secure Online Transactions
Cryptocurrency

Crypto Wallet App for Secure Online Transactions

by Admin
February 2, 2023
Next Post
Most Alluring UK Villages You Must Visit This Summer

Most Alluring UK Villages You Must Visit This Summer

Free Slot Tournaments - Win Prizes Without Paying Entry Fees!

Free Slot Tournaments - Win Prizes Without Paying Entry Fees!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

ADVERTISEMENT

Recommended

business expenses

Business Expenses You Can Save With Utility Audits

April 22, 2021
Gut Greens

Should you include ‘Gut Greens’ as part of your diet?

January 28, 2021
Cryptocurrency And Taxation System

Cryptocurrency And Taxation System

July 18, 2022
Filter Facts: Are Air Filters Worth It?

Filter Facts: Are Air Filters Worth It?

November 26, 2021
How To Become A More Effective Nurse

How To Become A More Effective Nurse

May 5, 2022

Categories

  • Automobile
  • Business
  • Celebrity
  • Cryptocurrency
  • Digital Marketing
  • Education
  • Electronics
  • Entertainment
  • Event
  • Fashion & Beauty
  • finance
  • Food and Drink
  • Gadgets
  • Gaming
  • General
  • Health
  • Home improvement
  • Internet
  • Law
  • Lifestyle
  • Outdoor
  • Pet
  • Photography
  • Real Estate
  • SEO
  • Technology
  • Training
  • Travel

Don't miss it

5 Ways to Stop Receiving Spam Emails
Digital Marketing

5 Ways to Stop Receiving Spam Emails

August 23, 2023
Boost Productivity and Ensure Brand Consistency with Digital Asset Management Software
Technology

Boost Productivity and Ensure Brand Consistency with Digital Asset Management Software

August 10, 2023
Barn Paints: Preserving the Charm of Agricultural Buildings
Home improvement

Barn Paints: Preserving the Charm of Agricultural Buildings

July 31, 2023
Why should you invest in Tata Motors Shares?
finance

Why should you invest in Tata Motors Shares?

July 27, 2023
Bitcoin Investment Progress for this Decade in Seychelles
Cryptocurrency

Bitcoin Investment Progress for this Decade in Seychelles

July 25, 2023
Ecommerce Website development
Technology

Ecommerce Website development Trends 2023

July 16, 2023
Best Digital Mate

Welcome to Best Digital Mate, your number one source for all information about Digital Marketing, Events, Health and Fitness, Technology, Travel, Fashion & Beauty, Gadgets and more. We’re dedicated to giving you the very best information about all these categories, with a focus on quality, relevancy and timely update.

Contact: [email protected]

Categories

  • Automobile
  • Business
  • Celebrity
  • Cryptocurrency
  • Digital Marketing
  • Education
  • Electronics
  • Entertainment
  • Event
  • Fashion & Beauty
  • finance
  • Food and Drink
  • Gadgets
  • Gaming
  • General
  • Health
  • Home improvement
  • Internet
  • Law
  • Lifestyle
  • Outdoor
  • Pet
  • Photography
  • Real Estate
  • SEO
  • Technology
  • Training
  • Travel

Recent News

5 Ways to Stop Receiving Spam Emails

5 Ways to Stop Receiving Spam Emails

August 23, 2023
Boost Productivity and Ensure Brand Consistency with Digital Asset Management Software

Boost Productivity and Ensure Brand Consistency with Digital Asset Management Software

August 10, 2023

Contact Us

    • About Us
    • Contact Us
    • Disclaimer
    • Home
    • Privacy Policy

    © 2021 bestdigitalmate.com. All rights reserved.

    No Result
    View All Result
    • Home
    • Technology
    • Gadgets
    • Digital Marketing
    • Fashion & Beauty
    • Business
    • Event
    • Travel
    • Entertainment
    • Lifestyle
    • Lifestyle
    • Health
    • Electronics

    © 2021 bestdigitalmate.com. All rights reserved.