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Cryptocurrency investing, like other investments, involves buying at a certain price with the expectation of future value appreciation. However, digital assets are highly volatile and require a disciplined approach.
Prepare for volatility
Cryptocurrency prices can rise or fall rapidly. Have a clear strategy for managing market fluctuations. Cryptocurrencies are still developing, and external factors may impact prices in unpredictable ways. Approach assumptions with caution and plan for uncertainty.
24/7 market
Unlike traditional markets, cryptocurrencies trade continuously. Be aware that price changes can occur at any time, day or night.
Risk management
Only invest what you can afford to lose. Cryptocurrencies are risky, and managing your exposure is essential.
Cryptocurrency investments involve significant risk. Assess whether they align with your financial goals and risk tolerance.
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