Fellow Steemians! This article contains the secrets on how to DOUBLE your money in the crypto space! And who knows, you may even come out with more than double what you started with!
Secret #1: Always do your research before you invest in a crypto. A good tip is to always check the buzz around a cryptocurrency you are thinking about investing in. High social presence = high volatility = massive gains.
Secret #2. Never put all your eggs in one basket. If you throw all your money into one crypto and things don't go as planned, you don't want to have a complete loss.
Secret #3. Always diversify your blockfolio with different sectors. I categorize cryptos into different sectors. Let me explain, some cryptos aim to develop new technology, some aim to scale a business, the uses for cryptos are endless! Having a good spread is a good way to ensure you make money.
Secret #4. Don't fall for traps. A lot of smaller cryptos experience 'pump and dump' schemes. Don't fall victim! If you hear about a pump and dump scheme, do NOT get involved! They are manipulated by whales and you will end up losing out.
Thanks for reading this post! If you like what you see, upvote and follow!
If my advice ever proves useful to you or you are just feeling generous, feel free to buy me a beer or some lunch!
BTC Wallet: 1NBqyFwT7E6YoTPrFbECgnirZMC7mnEdXa
ETH Wallet: 0x39ee69fae57b36e6a82638784c76a2bb90611611
LTC Wallet: Lg5q2dHVnq47kNaZGTKAPxR4smKQkbnEoA
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This is not professional financial advice. These are just my personal opinions