A Couple of Things to Know Before You Start Crypto Trading

Too many people are entering the crypto world thinking there is no way they can lose. And, sadly they learn a hard lesson.

It’s Not a Game

You need real money to start. You take your real earned hard cash and convert it into some crypto. When you lose you do not get a reset button or get to use a gimmie. The funds are gone.

Not a Stock

Crypto tokens are not stocks. While they are traded the similarly they couldn’t be more different. With a stock you are buying into a company that is publicly traded. Their financials are published and you can physically visit the company if you so desired. The information is available to you.

With crypto you are buying into an idea that may materialize into a token which serves a purpose. And, if it does, a company will grow up around it and the tokens will increase in value. Hundreds if not thousands of tokens are already defunct and worth less than a penny. If they were a stock, they would be listed on the OTC boards.

You Do Not Know What You Are Doing

Many people entering the crypto world are the newer tech generation and have no financial experience. Most believe they can make a lot of money by trading currency using…