Crypto has become the future of finance, and more industries are beginning to key into this advancement by utilising cryptocurrencies as a payment medium. More crypto traders are jumping onto the bandwagon, and more individuals are seeking ways to become part of the crypto community.
Behavioural biases can significantly impact your trading decisions, leading to poor and costly financial outcomes.
"If you invest in this project, you'll get daily returns of 20% or more!" Offers like this are a total red flag; you should simply run the other way.
Factors such as market sentiment, regulatory changes, and technological developments can influence prices, making crypto trading risky. As a trader, it's necessary to recognise these risks and implement strategies to reduce potential losses.
Here's what you can buy with crypto in 2024: Food Clothing Electronics Automobiles Travel Real Estate Entertainment and Digital goods or services
Copy trading means copying the moves of a more experienced trader. It’s a strategy that can work for you as a beginner trader or if you are interested in passively trading crypto.
Your investment is a personal decision because it is your money and responsibility. You must consider two key factors - your budget and risk tolerance.