Hi guys it's @skyehi,
A simple question, how many people want to become crypto traders?
Well crypto trading may seem like a lucrative venture with the potential to make anyone rich but it can be flipped and be what would cost you the most.
The same way your investment can exponentially rise is the same way your investment can significantly drop.
This is what makes crypto trading one of the most risky businesses to venture.
However there are still many people investing and trading with really volatile crypto tokens.
The reason they keep doing that while being aware of the risks is that they have a game play and they believe they can afford the risk.
These are the only two things necessary for a successful crypto trading experience.
You need to have a working game play. Do not just buy a crypto just because you feel by intuition that it would increase in value. If you do that, it's almost no different from gambling.
However, have a game game plan, join communities that discuss crypto trends and the reason why the crypto you're trying to invest into will succeed.
The second thing is to never invest money you can't afford to lose. If you're on a strict budget and can't afford to lose any part of your money, please don't go into crypto trading
It's better to invest into Treasury of your country or build a stable small business.