The cryptocurrency market is abundant with coins and tokens seeking your attention to park some of your capital. As an investor, you will encounter a dilemma over which assets to pick in your portfolio. While it is subjective and varies according to individual risk appetite and financial needs, there is always a balance that you can achieve to protect your investments with lower risk while maximizing returns over the long term. Before one jumps into the crypto world, there are certain facts that they should be aware of.
According to IBCIG, the overall markets for crypto are extremely volatile and it is difficult to predict the movement of the prices. Crypto prices do not follow a trend and can shoot up or fall down to any amount within seconds. This makes it highly risky as an investment, and a close watch on the prices is a must. Hence, you should only invest the amount that you can afford to lose. The prime purpose of investment, be it traditional or digital, is to add more value to your existing wealth and not to lose it entirely. Therefore, it is cautious and one of the smart ways to invest in crypto. This way, even if you suffer losses, they won’t completely strip you of your wealth and won’t be destroyed.
IBCIG also mentioned that a healthy crypto portfolio involves investing in more than just Bitcoin. Asset diversification is one of the strategies that helps to minimize losses and maximize profits. Yes, it has its complications, but it is better than investing in just one coin. “Cryptocurrencies are extremely volatile in their pricing, but all of them simultaneously failing doesn’t seem likely”, says IBCIG. To mitigate such levels of risk exposure, it is advisable to spread one's funds across a range of digital assets. This investment strategy reduces the magnitude of losses incurred in times of market downturn.
“Do not invest in Hype Coin, FOMO will only destroy you” says IBCIG. Just like with any other traditional investment, ignoring the hype and filtering out the noise regarding Crypto will be crucial. Where investment in Crypto is concerned, your decisions should not be based on what others are saying. A smart Crypto investor never makes decisions based on hype and noise as it is highly risky. Relying on only what the crowd says about Crypto is not wise at all.
All these crypto investment tips pointed out by IBCIG could help investors and traders to maintain a better position in the market. IBCIG, which is a well-known social media influencer, consistently interacts and engages with the Twitter audience to talk and discuss about Crypto. With over 510,000 Twitter & Instagram followers, IBCIG has built a strong crypto community online by regularly sharing useful trading tips, techniques and educational postings that may attract people to learn more about cryptocurrencies. IBCIG recently launched an informative website that focuses on new ICO, IDO, PreSale, and Market Updates. With sites like www.ibcig.com, developers have a place to list information regarding their upcoming pre-sale and public sale crypto project. They can also list other information like tokenomic, whitepaper and team profile that could be useful to investors to get the information.