TRYING TO GO IT ALONE
Once you’ve understood the fundamentals of a new cryptocurrency, remember that online crypto-communities can be helpful. Ask for advice, discover new trends and sound out new opportunities in a forum of like-minded people.
Of course, the communities you’ll want to join will depend on which currencies you’re buying. Most reputable currencies have dedicated pages on Reddit and Slack, which are great places to start familiarising yourself with the basics.
GIVING IN TO FOMO
The “Fear Of Missing Out” (FOMO) is a powerful psychological response that regularly creates losers on the crypto-market. You’ll eventually find yourself saying “If only I’d invested in Skycoin last month”. Unfortunately, the only antidote to this way of thinking is discipline.
Remember, there will be other opportunities for you to make money, so don’t jump into an investment too quickly just because you missed out last time.
Before you can get started with crypto, you need to decide where to buy your cryptocurrencies. With a Skrill digital wallet you can convert over 40 fiat currencies to cryptocurrencies instantly – ideal for beginners and the initiated alike.