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PART 2: TIPS TO FOLLOW BEFORE INVESTING IN CRYPTOCURRENCIES

The world of cryptocurrencies is vast. It does not stop at Bitcoin or Blockchain. You will need to train a minimum and use common sense to hope to grow your investments.

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PART 2: TIPS TO FOLLOW BEFORE INVESTING IN CRYPTOCURRENCIES

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  1. PART 2: TIPS TO FOLLOW BEFORE INVESTING IN CRYPTOCURRENCIES INTERCHANGEABLE TRANSFERS Did you follow our first 3 tips? Great! Now you will be able to start buying your first cryptocurrency! For this reason, we recommend that you use the cryptocurrency platform. This platform allows you to buy very popular cryptocurrencies such as BTC or ETH. If you want to buy more cryptocurrencies that are less popular but have more growth potential, you will need to convert your ethereum and bitcoin to so-called exchanges. Stock exchanges are platforms on which you can exchange your bitcoins for cryptomens, which we call altcoin. DYOR (DO YOUR OWN RESEARCH) Investing in the top 10 cryptocurrencies is never a big mistake. Investing in some of these cryptocurrencies is also a guarantee of security. Here we are interested in how to invest in a cryptocurrency with a smaller capitalization. Altcoins, there are about 2,000 of them. While some projects have huge growth potential,

  2. others are either frauds or projects that are destined for extinction. You will therefore need to be especially vigilant before investing in one of them. Our fifth tip is a very popular saying in the cryptoworld: DYOR! This comes from the English "Do Your Own Research" and means that you have to do your own research before investing in a project. Never invest according to the advice of people you don't know (for example, when you read a forum post). You can use the following different media to thoroughly analyze the cryptocurrency of interest: 1. Read the white paper 2. Specialized discussion forum 3. Using Twitter 4. Connect to a telegram, feud or Skype 5. Google Search - Find online reviews, Reddit, Steemit, etc. It is important to be well informed so that you can form your own opinion about the cryptocurrency. Do not hesitate to make time before investing in the project. It is better to miss a good opportunity from time to time to embark headlessly on projects that will lose money. BEWARE OF FRAUD Our sixth tip covers all the scams that exist in the world of cryptocurrencies. One should be especially vigilant in doing this and avoid them as much as possible. Here is an article we wrote about cryptocurrency fraud: Bitcoin And Scams - Find Out! We encourage you to read this small fraud guide in detail so that you do not fall into these traps.

  3. FIND TRUSTED PEOPLE THAT YOU CAN WATCH Our 7th tip is about finding reliable people who can help you with your investment. Some people don't necessarily want to spend hours analyzing a project or don't have the time. Then there is the opportunity to follow experienced people who can advise you. However, one must be vigilant and choose these people carefully. The environment is full of fraudsters or people who just want to manipulate the courses to their advantage. Here are some indicators to help you determine if a person is potentially trustworthy: • Seriousness and consistency • Humility of man • Explanation of all risks If a subscription is paid, it must be renewable. This will ensure that the person will have to provide interesting and serious advice in order for the user to renew their subscription On the contrary, here are some clues that try to show that an individual or a group is a fraud: 1. The promise of easy winning effortlessly. 2. Immaturity. 3. Pump groups. 4. Arrogance. 5. One-time subscription to become a lifetime member.

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