7 Lessons Learned From Investing In Cryptocurrencies

I have been investing in cryptocurrencies since 2018. Here are my lessons learned from investing in cryptocurrencies.

1. Understand What You’re Investing In

The first thing you need to do is understand the basics of cryptocurrencies.

2. Get Your Emotions Under Control

When you’re investing in cryptocurrencies you are in for one hell of a ride.

3. Beware Of Confirmation Bias

Confirmation bias is when people only search for information that confirms their current beliefs and current thinking. When there is information that is not aligned with that, they disregard it altogether.

4. Never Invest More Than You Can Lose

This is the number one rule for investing your money. Never invest more than you can afford to lose.

5. You Only Have Money If You Cash Out

If there is one lesson I learned from investing in cryptocurrencies, it’s that you only have money once you cash out.