Tips for beginners before entering Crypto Industry in India!

There is a sudden boom in the Crypto industry this year. Many new comers fall prey to scammers and end up losing. Below is a gist of my experience in this flattering industry!

• No matter how much TAs (Technical Analysis) you do, if you don’t have control over emotions, all you’ll do is regret.
• Paid subscriptions is a Big NO. You’ll find plenty of Genuine Helpful people on Twitter/ YouTube. Study their material.
• Ask doubts, people will help. (Beware of scammers) Don’t fall for Quick Rich Schemes.
• Make a plan and work on that. Don’t rely on TIPS.
• You can’t be a part of every winning coin so don’t be desperate.
• If someone with “nk followers” tells you to buy a specific coin. Research the coin. Look for the reasons why they are suggesting the coins rather than buying it blindly.
• Entry positions should only be when it aligns with your strategy. Not when everyone’s shilling. (I know it’s hard to resist but you’ve got to have patience.)
• Invest only in those coins which have strong fundamentals because even if they go 40% down in a crash, they’ll be the ones to bounce back hard.
• Don’t expect anyone to spoon feed you. You can’t BLAME someone else for your Loss. It is your money and only you are responsible to protect it.
• Exit Plans look simple but honestly they’re the most difficult part.
• Even the best of Crypto Traders can’t be 100 % right, so don’t worry if you make mistakes or if things don’t go your way.
• Leverage Trading is very risky as this market is highly volatile. If you’re new to this industry, try to avoid it.
• Regular price pullbacks are very healthy.
• If you read “This is the last time you’re seeing these price levels, buy now or regret.” This is just HOPE not a FACT. (For reference just look at the current charts of any coin :D )

If you’re new to this industry and questions like- ‘How to buy cryptocurrency in India?’, ‘How can I invest in Bitcoin in India?’ etc come up in your mind, I’m sure this post of mine- What is the best platform to buy cryptocurrency in India? , will help you out!

P.S.- This thread was originally posted on my Twitter account.