#MiddleEastTensionsEscalate BEGINNER 3 SIMPLE STEPS TO CRYPTO

I'm a beginner and I want to start investing in crypto. What should I do?

(1) Be realistic about the expected returns

You’ll hear exciting stories about people making insane 1000x returns. These are called moonshots and typically involve buying small-cap coins - most of which fail. You should just put a small percentage of your crypto portfolio in moonshots and consider them “gone”. If they fail, at least you expected it. In the off-chance they soar, good for you!

(2) Do proper research and invest in coins with good fundamentals

Identifying cryptocurrencies with high potential is not straightforward and requires extensive research. There are a few factors you can consider to help, such as the core team members (what are their credentials, have they successfully built tech before), adoption metrics (e.g. number of users, revenue), quality of technology, and token velocity (i.e. percentage of tokens staked or locked up). My personal picks would include BITCOIN, ETHEREUM, SOLANA, LUNA, VET, ENJ, ALGO, AAVE, THETA.

(3) Take time to read and learn about crypto developments

The world of crypto is constantly developing. Other than sending money, cryptos are being used for purposes like decentralized finance, NFTs (non-fungible tokens) and web 3.0 applications. For example, PRE is a Web 3.0 decentralized search engine with a market cap of only $114M, but Google has recently announced that it will be adding Presearch as a default option on all new An