Traditional investments are generally considered safer when compared to crypto investments. However, the last decade has changed this perception. Despite some setbacks, investors are looking at crypto assets to add to their portfolios due to the huge gains they can provide. Knowing the right strategy can help in ensuring your investments carry lower risk. Here are seven strategies you need to remember before you invest in cryptos.
Strategy #1: Safe Storage
If you are considering crypto investments, choosing safe storage options like hot wallets or online storage and cold wallets or offline storage is important. As per experts, cold wallets are safer for long-term holding, while a hot wallet is best for making short-term investments.
Strategy #2: Liquidity
Liquidity is essential as it decides the right time to enter or move out of a trade. For liquidity to be important, there needs to be a demand and sufficient supply of particular crypto to ensure high returns. The amount of crypto traded or the trading volume and overall interest the crypto attracts also impact its liquidity.
Strategy #3: Volatility
For an emerging asset like crypto, the hype and speculation are high, leading to increased volatility. Daily volatility in crypto is an opportunity to generate profits.
Strategy #4: Affordable Risk
Investment is generally linked to investing money that you can afford to lose. This applies to the crypto market too. Newbie traders should invest 5%, while a crypto fan can invest 10%, and an expert can consider 20% of the income.
Strategy #5: Frequent Profits
Taking gains frequently is an important strategy. You should have clear trading goals with well-defined entries and exits.
Strategy #6: Look At Early Projects
Early projects like Uwerx can help in generating big returns, especially if they have high-growth potential. Uwerx presale is in progress now, and the crypto will focus on providing tangible benefits and real-world value to the highly resilient freelance sector. As per reports, more than 90% of companies rely on freelancers.
Strategy #7: Diversify
Investing in a wide variety of crypto projects helps to minimize risk. Diversify across varying cryptos, including DeFi projects and early projects. This will help include stable and speculative assets.
Uwerx (WERX) Presale: A Splendid Investment Opportunity You Should Not Miss
We hope the above strategies help you in investing safely and wisely. Of particular interest is the Uwerx presale, as the crypto has strong fundamentals that could make it a future blue-chip crypto.
It is fully audited by InterFi Network and Solidproof and will have a 25-year liquidity lock when its presale ends. The ownership of smart contracts has also been renounced by the team. Available now at $0.005, its price could escalate to $1.20 by Q3/Q4 2023. Now may be the right time to hold this crypto. Click on the links below to know more.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
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