Yes, You Still Need an Investment Plan for Trading Cryptocurrencies

Here’s how to create a cryptocurrency investment plan.

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The cryptocurrency market is understandably tantalizing. You hear stories about average joes making insane, life-altering fortunes. There’s an unparalleled sensation of missing out.

But if you’re going to place your money and faith in crypto, you have to treat it like an investment — not a mindless gamble.

Otherwise, you jeopardize your financial wellbeing. You could make catastrophic mistakes, dry up your liquidity, dig yourself into suffocating debt, and lose a fortune.

For every instant-millionaire the media glamorizes, there are dozens of people who dumped their life savings into a ticking time bomb. These people bought into the idea of something greater and envisioned financial windfalls. However, being an early adopter or a visionary isn’t enough.

You need a plan.

Even though digital currencies are volatile and harder to evaluate, you still need an investment plan that ensures you (a) understand your investments and (b) don’t sell too early or too late. Fortunately, you don’t need to be a software engineer or financial wizard to assess cryptocurrencies and formulate a cryptocurrency investment plan. (I’ve…