What are the dos and donts of cryptocurrency investing in 2024

As bitcoin continues its rise and more and more institutional money begins to flow through and more ETF's (exchange-traded funds) come on the market. People should be aware of the dos and dont's just like any investment.

Dos of crypto investing

• Make sure your wallet is secure but using the best wallets and exchanges out there which are secure and have solid ratings
• Buy only what you are prepared to loose
• Look for long term investing
• Keep your self informed of any news
• Diversify

Donts of crypto investing

• Do not chase immediate profits.
• Avoid quick decision-making based on the fear of missing out. Conduct thorough research and analysis before investing in any of the cryptocurrencies.
• Overleverage your positions
• Beware of phishing emails, scams, and only deal with validated companies.

Check out revuto for some of the best exchanges out there

Crypto investing is very risk so be potentially prepared to loose all of your investments. Unlike an underlying stock where the company actually produces something, crypto some people say has no real value.

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