🧙 What to know before buying crypto
Cryptocurrency attracts people with its opportunities and success stories, but also requires careful thinking. Before buying, it’s important to pause and ask yourself a few simple questions to avoid unnecessary risks and disappointment.
● Why do you want crypto
Are you saving for a long-term goal, exploring a new technology, or hoping to benefit from price growth? Understanding your motivation helps you stay rational and avoid emotional, impulsive decisions.
● Be prepared for volatility
Crypto prices can change significantly in a short period of time — both up and down. Define your investment horizon in advance.
● Don’t put everything into one asset
Avoid investing all your funds in a single asset, even if it looks especially promising. Spread your funds across different assets and use only the amount you can afford to lose without impacting your finances.
● Take care of security
Blockchain transactions are irreversible, so attention to detail matters. Always double-check addresses before sending, make smaller test transactions and avoid suspicious links.
● Consider taxes and regulations
Crypto transactions may be subject to taxes depending on your country. It’s best to understand local rules in advance and keep a record of your transactions.
The main rule: invest only what you can afford to lose without affecting your everyday life. Start small, learn as you go and move at a pace that feels comfortable for you 👩
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