When planning crypto investments, preparing yourself for this risky type of earning is crucial. Here are the main things to know before investing:
- Pick an asset thoroughly
- Pick a reliable investment platform
- Do not spend your last funds on investments; otherwise, you will not be able to make decisions without emotions
- Diversify your investment portfolio
- Analyze the market on your own.
Many people ask, “How much should I invest in cryptocurrency?”. Better allocate 10% of your total income monthly and put them in crypto. Such a sum will not be critical for your everyday life, and on the other hand, it will allow collecting investments monthly, increasing your capital.
I Want to Buy Crypto: Which to Pick?
All crypto assets are conditionally divided into mega, large, middle, and small-cap coins. Experienced investors advice buying mega, large, and middle-cap assets. The matter is that mega and large-cap coins (such as Ethereum, tether, etc.) are suitable for long-term investments, while small and middle-cap coins (such as Dash) are much more sensitive to market trends, so they are more likely to skyrocket when the market uprises. Choose a DASH crypto – the token of the popular decentralized platform that provides cheap and speedy currency conversion and transfers. As of mid-January 2023, the DASH crypto price is $48.26, and the forecast is quite optimistic – $65 by the end of the year.
How to Start Investing in Cryptocurrency?
Choosing a platform is key to successful investment, for you need to be sure that your funds are in a safe place. Use, for example, the WhiteBIT exchange – the largest platform for crypto trading in Europe, operating in over 150 countries. To start investing, register an account and pass verification. Then attach your bank card if you want to buy coins with cash and move the needed amount of fiat money to your account. Using the trading calculator, select the DASH token and the currency you have, enter the amount, and pay the fee. The DASH tokens will arrive in your account as soon as the commission is paid.