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Whether you believe in cryptocurrencies or not, you can make good money on them. How to start investing in cryptocurrency? Should you invest in cryptocurrencies alongside traditional assets? How to invest in cryptocurrency to earn income? These are the questions most novice crypto investors have - how to invest if you are starting from scratch.
Even before you buy cryptocurrency, you need to decide how you want to grow your portfolio, to become profitable. Buy and sell? Maybe trading? Save up money for mining equipment or sign a cloud mining contract? Why it is important to decide on a strategy before the first purchase of a cryptocurrency: because it will depend on how much time per week you will devote to tracking the price movements. And if you are determined not to lose money, then you understand the importance of such awareness. Step 2: Define daily and long-term tasks For example, if you intend to trade, then you need to understand how actively: daily, weekly, or every single minute.
The most important thing is to evaluate the crypto assets you want to buy. You must give your definition of the cryptocurrency you want to buy. And obviously, the first step is to understand whether it is a reliable investment. To do this, answer some very simple questions:
Against what background did this happen? Yes, media monitoring is needed here. It's important if you don't want to screw up. Is this asset influenced by someone, such as Elon Musk or some celebrity?
For passive investment or a deposit with the possibility of earning interest, it is important to understand what suits you best: staking (accumulation of
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