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How not to be a cryptocurrency investment fool

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Invest in what you can understand

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To understand a crypto project, one needs to have an understanding of technology and how it works, and if not, then one should get a reliable advisor for checking project viability

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Don’t invest too much money

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Financial planners suggest that one should have a very small part of the portfolio in crypto at present.

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Invest for the long term

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The only sensible way to hold crypto at the moment is investing in fundamentally good tokens

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Check where you are holding your crypto

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Self-hosted, non-custodial wallets are the safest bet. It’s advisable to own the keys to your digital assets and keep the backup

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Don’t try to dodge tax

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Crypto investors should not look for ways to dodge taxes on virtual digital assets and stay away from anyone suggesting a workaround to avoid taxes