As millions across the globe now begin to make their first foray into the world of crypto, this new world might seem exciting, but much more than just a game.  

Here are seven key tips to help get you started in the crypto market.

1. Make sure you understand not just how to buy but also how to sell and exchange crypto to your flat currency.

It’s not exactly easy to walk into a grocery store with 100 Dogecoin and pay for your groceries, so it’s fundamental you’re aware of how to buy, sell and withdraw your cryptocurrency so it’s easy to access.

Many crypto platforms make this process easy to do, but it’s not always clear cut. 

2. Diversify your portfolio, don’t put all your eggs in one basket.

This is one of the most common rules when it comes to any form of investment – it’s important that you aren’t relying on just one investment to give you a return on your cash. If this one investment goes big, great, but if it doesn’t, you could come out wearing a loss, and a big one at that. 

Investing is a game of risk, and when you do it right, the reward can be astronomical. But if you do it wrong, you could find yourself in a much worse spot than you began. Be smart about where you put your cash.

3. Always do your due diligence.

Crypto isn’t just Bitcoin. There are thousands of different varieties of currency out there – some with very different methods of management and levels of return. 

Don’t ever buy something simply because it looks good. Do your background, chat to some people, read some forums and make an informed decision.

4. Check the price history and developer activity before picking a project to invest.

Some of the best due diligence you can take is looking at the detail behind a particular project. Price histories are usually a great place to start. Are you buying in a dip? What’s the recent trajectory of the stock?

Developer activity is always key. Is the project simply artificially inflated?

5. Timing is everything.

Beware of FOMO and FUD – don’t buy because of FOMO and don’t sell because of FUD – always check the factors before you buy or sell.

With a growing market comes a growing investor base. While you may be seeing indications a certain currency might be rocketing towards the moon, a lot of this might simply be hype. 

Always make smart investment decisions, and don’t rely simply on Reddit to tell you where you should be investing.

6. Never invest more than what you can afford to lose.

Another key tip when it comes to any form of investment. If you’re relying on what you’re investing to put food on the table, chances are you probably shouldn’t be investing in the first place.

The world of crypto trading is rewarding and exciting, but it’s also risky. The risk of losing everything can never be eliminated, and it’s important you don’t find yourself in a position of struggling to afford to live.

7. Think long term.

Avoid keeping all your money in exchanges if you would like to trade on a day to day basis, do that with only a portion of your portfolio and keep the rest in a secure wallet. 

Choose only a trusted exchange for trading and always secure your wallet’s private keys. Trading is perfectly fine, but you shouldn’t, ideally, trade more than 30% of your crypto assets.

Often the best returns will be seen from longer-term investments. Keep an eye on your portfolio, but know that sometimes things take time. 

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In this video, we are talking about the benefits, of Press Release Distribution.

So, why do you need to send out a press release?

Well, Press releases are the most commonly used marketing tool by thousands of entrepreneurs and businesses, to improve their exposure, branding, reputation, and to build credibility. It offers an incredibly effective way to reach your target audience.

Comparing to the other marketing strategies, press releases are easy to prepare, and it’s not very expensive either.

Press releases can also help to improve your search engine rankings. Because your website will get plenty of high authority, high PR backlinks from established news websites. This will increase your traffic, and more visitors means more business, right?

Press releases work brilliant, to take care of your online reputation. You know, some bad reviews, or web pages by competitors talking negatively about your business, could harm your business, especially if those links come up high on Google results. But, since press releases are published on well established, and high authority news websites, once it’s published; these new pages will show up higher on Google, when someone searches for your company or services. Yeah, that can be a life saver.

Another important thing to note is, once you get your news published on major news platforms like Yahoo, Forbes, Business Insider or MarketWatch; you can add these published links to your website, with their logo, in your press coverage section. This will boost customer confidence and their trust in your brand. For example, when a potential buyer is searching for your brand online; if the top results are pages from established news websites; that’s a great conversion factor, isn’t it? Absolutely, yes.

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