How not to lose money in the cryptocurrency

lose money in the cryptocurrency

There is no secret that you can earn a high profit from cryptocurrency. And due to this particular reason, the crypto market is becoming famous among the masses. But you must also know that the crypto market is volatile, and due to this reason, you can lose millions of dollars within a fraction of seconds. You will notice that, at various times, cryptocurrencies are making breaking news due to their market volatility and fall in coin prices. Yes, it is true; it happened in 2020. 

In the first quarter of 2020, the price of cryptocurrencies fell by 30 percent. Not only that, in January 2021, the price of bitcoins fell by 7 percent. Thus, you can understand how much it has affected the market. And that is why we say to gather knowledge about the trend shift and the working pattern of cryptocurrency before you make any investment.

If you want to know how not to lose money in cryptocurrency? Then you can avoid your loss if you follow our blog post. Here we have discussed some important tips that you should do if you want to avoid any loss in the crypto market.

Things you should do to avoid any loss in the crypto market

1. Choose the right crypto exchange platform

It is important to choose the right crypto exchange platform. If you wonder why? Then let us explain; if you want to operate in the crypto market, you will need an exchange platform. But we have noticed that various platforms can take all your money by charging you with expensive brokerage fees or even a certain percentage of money when you make any profit.

And for that reason, we recommend you Bitcoin Loophole. This crypto exchange platform does not charge you a single penny, no hidden charges or brokerage fees whatsoever. Besides that, you can even create a free trading account on this platform. 

2. Never blindly follow any cryptocurrency expert 

We have seen various self-proclaimed crypto experts over the internet. But for your information, not all of the experts are real, many of them do not know much about cryptocurrency or blockchain technology, but they will give you different tips regarding the market trend. They will also recommend you to buy some coins that they don’t even know whether those coins will be profitable or not. And all this misleading information can affect your profitability. If you blindly follow them, you can lose a lot of money. Thus, it is better to do cross verification.

3. Do your market research 

We always suggest the public do their market research before investing any amount. You need to understand one thing; if you do the research, you will gain knowledge regarding the market trends and the potential market growth.

The bottom line

The crypto market has become very competitive with the rising number of cus. There are various people who own cryptocurrency at this moment. And misleading information by self-proclaimed experts can impact the trading process of people who are new to this sector. Therefore, we recommend all these key strategies to avoid any loss.

Other articles from – –

Dominique Ducharme

Dominique Ducharme relieved of his duties at Montreal Canadiens head coach

Mtl Wine Gal

Mtl Wine Gal bringing affordable high-end private imported wine to your table

Sonia Zarbatany

Pivot your life and business with life coach Sonia Zarbatany

SHAN Collection from Montreal

Hottest and latest bikini styles

Is it possible to get an A for a 5-paragraph essay assignment in 1 hour? We can safely say yes, a student can get an A+ mark if he turns to EduJungles


The ultimate guide to planning a long family staycation in Canada

To guarantee that everyone has an amazing time, careful planning is necessary when organizing a lengthy staycation. Here’s the ultimate guide to planning your family staycation in Canada. Canada, with its vast landscapes, diverse cities, and rich cultural heritage, offers endless possibilities for a memorable family staycation. Whether you’re exploring the stunning natural beauty of

Meal kits

Cost vs. Convenience: Analyzing meal kits and traditional cooking

In this modern world and modern times, convenience often takes priority over cost, especially when it comes to food. Meal kits and traditional cooking represent two different approaches to home dining, and each of them has advantages and disadvantages. Analyzing these methods through the lens of cost and convenience provides insight into why individuals might

Condo renovations

Condo renovations Dos and Don’ts: Expert Tips for a Successful Project

Embarking on a condo renovations journey can be both exhilarating and daunting. Imagine transforming your living space into a stylish haven that reflects your personality and meets your needs. While exciting, the process can be full of challenges and unforeseen hiccups. That’s why we’ve gathered some condo renovation dos and don’ts from the experts to

Terrific Hair

Terrific Hair Means Tamanu – Earth to Body

Curly, straight, thick, thin, kinky or silky, tamanu loves and makes terrific Hair.  And scalps. Nutritionally dense yet gentle, tamanu is an effective and versatile nut oil. It stimulates, helps promote growth. prevents hair loss, reduces scalp itch and irritations and adds a natural sheen! Make tamanu a part of your hair and scalp care

Understanding the 4 legal process after a DUI Crash

A single mistake can have serious consequences, especially when driving under the influence. The aftermath of a DUI crash extends beyond physical harm and property damage. It involves a complex legal process that may feel overwhelming. As a responsible citizen, it’s vital to grasp the legal system and your rights in such situations. This blog

personal injury lawyer

Pedestrian accident: How a personal injury lawyer can help you

Accidents involving pedestrians can be life-altering. You could be walking down the street or crossing a street. A vehicle’s sudden impact can change everything right away. If you’ve found yourself in such a situation, you might be wondering how to move forward. This is where a personal injury lawyer steps in, offering crucial help and

Mtltimes Subscription

The latest on what’s moving Montreal and the world – delivered straight to your inbox