4. Only Invest Money you can afford to lose

Cryptocurrencies are very volatile. Since Bitcoin was launched 10 years ago it went from zero value to thousands of dollars. It has also dropped by thousands of dollars as well. You have to accept this volatility and know that cryptocurrency investing is a high risk occupation.

But where there is risk there is reward. There have been times when cryptocurrencies have seen dramatic rises and if you get the timing right you can make a lot of money. You can also lose a lot of money if you make the wrong decisions.

Any money invested in cryptocurrencies should not dramatically affect your life. Never invest your last dollar in cryptocurrencies hoping that you will make a profit. We strongly advise that you don’t borrow money from banks or anywhere else to make investments either.

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