Cryptocurrency is a lucrative Business that can make you serious money online without any stress….or at least that's what the experts would want you to believe.

The truth is that trading crypto is a very serious business that has high risks.

Here are a few of the things you should know about cryptocurrency business before you start:

1. You need to learn about which coin is valuable enough to buy:

There are hundreds of crypto coins on the net today – with new ones created everyday – but the truth is that only a handful are actually capable of appreciating and making you millions.

Most expert traders are well aware of which coin has the ability to peak, from studying the growth projections of those coins – many of which have lost millions before they realized the secret behind knowing which coin to pick.

But you as a newbie will not know how to pick.

Of course they are many prediction forums and Facebook group that will "guess" which coin might do well or not, but are you willing to invest your hard naira on a guess?


2. You need to know the best time to buy:

After deciding what coin is best to buy, you need to know "when to buy".

Some coins rise exponentially then drop drastically without any warning. And when they dip, they could stay at that position for a long time or they could start increasing almost immediately.

Other coins never drop to their previous dip, but instead keep increasing with every little dip.

As a newbie you might be waiting for a coin's price to drop very low before you buy, but if Bitcoin has taught us anything, it's the fact that you never know the lowest point a coin can drop or how much it can rise in price.

Expert traders spend every second of their day closely observing the rise and dip of top coins and they buy at the lowest dip and sell when it rises.

They can do this because they have studied it critically and can determine when to buy and when to sell.

As a newbie you would mostly rely on assumptions which could cause you to loose hundreds of thousands.

Because sometimes you could sell off your coins at a wrong time, just before a major bull market.



3. You need to constantly monitor the rise and fall of prices

Knowing when to sell your coins or buy your coins is determined by the bull and bear market.

Some coins are highly flexible and can rise and fall without any notice, but others rise gradually within a period of 3-6 months and require little monitoring.

Expert crypto traders are constantly monitoring their Crypto coins to know when they should dump their coins or when they buy more.

Most self-proclaimed gurus might tell you to hold your coin for some few months before selling, but the truth is that most coins might increase very little in value within that 6 months period.

But If you are constantly buying and selling during its drastic rise and fall, you could make 5X your capital Investment.


4. Don't Buy Just one coin:


Because of the hundreds of coins available, you might be tempted to buy just one coin that has promise and put all your money in it, but to earn more you need to invest into a few coins that are valuable and have had a history of increased profits.

Even experts don't ever put all their eggs in one basket. They diversify their capital into three or four coins that can blow up in a few months or years.


5. Invest only what you can risk:

This should be the number one you learn, but I feel like everyone should know this.


DON'T INVEST YOUR LIFE SAVINGS especially as a beginner that doesn't know the ins and out of running a Crypto trading business, no matter how tempting the profits might be.

Most self-proclaimed gurus will tell you that a particular coin that did well in the past is a sure banker, but remember that crypto is not your mate; a particular coin that did well in the past can still flop at some time.

So to be on the safe side, invest only what you know you can lose.


Now these are just a few things that you should know before you start your crypto coins trading, there are still a lot of things that experts follow religiously to earn their millions that they get from crypto.

If you want to learn those things, then your best means to do that, is to learn directly from the experts.

Take this cryptocurrency trading course from expert crypto traders that will teach you how to earn as much as N1.2 Mill in the next 30 days... for the price of N40k.

Get the course now before the price increases.

But even if you don't get this course, please still learn how to trade properly before you invest your hard earned money into crypto.

And follow me for more tips on how to make money online.

Nice one

mgdimagaladima:
Nice one

Thank you.