The right steps to enter the crypto space for a newbie:
- Put only the money that you are ready to lose 100%
- Once you have some crypto, you will be motivated to know more about that crypto and its community
- Join those communities and read more about that project
- If you feel that crypto is stupid, remove your money into a stable coin
- Search for other projects and communities - you will eventually reach the diamonds hidden under the social noise
- Put that money into this project and participate in that community (if you reach step 4 again, continue with steps 5 and 6)
- Only when you become a believer of that crypto, put more money into the investment. Keep engaging with your community now.
You will finally realize that crypto is NOT about money, it is about a revolution. An opportunity to be a part of a collaborative global financial decision!
If you think you cannot do this, DO NOT ENTER in crypto, stay safe and just observe - just buy your 3rd smartwatch and be happy. It’s alright! But don’t spoil the space.