How to Buy and Trade Cryptos: A Beginner's Step-by
  • How to Buy and Trade Cryptos: A Beginner's Step-by-Step Guide
  • About Me
  • Content
  • 1- Manage Security
  • 2- Open a Bitcoin Wallet
  • 3- Buy and Sell Bitcoin / Cryptocurrencies
  • 4- Decide which crypto to buy
  • 5- Portfolio - Which Cryptos Manolo owns
  • 6- Strategies
  • 7- Turn Bitcoin into Money ($ £ € ...)
  • 8- DeFi - Decentralised Finance - Passive Income
  • 9- TAXATION
  • 10- How to stay updated with the cryptos
  • Conclusion
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6- Strategies

My top strategy is DCA (dollar-cost averaging) – consistently buying small amounts over time to accumulate without rushing.

Diversify! Mitigate risk in this volatile market by diversifying:

  1. Hold various cryptos – don't put all your eggs in one basket.

  2. Buy low, sell high – avoid doing the opposite (greed and fear are your enemies).

  3. Invest in quality cryptos – see step 6 for recommendations.

  4. Diversify across security, strategies, exchanges, wallets, coins/tokens, cards, and projects.

Greater investments warrant more diversification. For investments below $5,000, having different wallets may not be as crucial.

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Last updated 2 years ago