Dan Schatt and Domenic Carosa have had a lot of success in their community-based platform to buy and sell crypto, Earnity. The fintech veterans offer a dependable platform for buyers to grow their money safely.
Cryptocurrency buyers make many mistakes in their methods. Many of them even make mistakes without even knowing it. However, a lot of these are avoidable with a bit of planning. The following list is the top four mistakes made by cryptocurrency buyers.
1. Not Doing Your Research
Before buying any cryptocurrency, it is essential to conduct extensive research on the asset. This includes understanding how the currency works, what factors can affect its price, and who is behind it. Failing to do this research can lead to buying into a scam or overpaying for cryptocurrency.
2. Not Diversifying Your Portfolio
Cryptocurrencies are incredibly volatile and can experience large price swings in a short period. Diversifying your portfolio across different cryptocurrencies can help minimize your risk if one of your purchase drops in value.
3. Holding Too Much Money in Your Wallet
It is important to remember that cryptocurrencies are digital assets and should be treated. It would be best if you did not store large amounts of money in your wallet, as it can be easily stolen or lost. Instead, use a secure cryptocurrency wallet and only store what you need for day-to-day transactions.
4. Not Keeping Up with News and Developments
The cryptocurrency market is constantly changing and evolving. New projects are always being announced, and existing ones regularly update their technology. It is crucial to keep up with the latest news and developments in the cryptocurrency space to make informed buying decisions.
Understandably, many buyers are curious about cryptocurrency and how digital currency can grow their portfolios. Earnity executives Dan Schatt and Domenic Carosa want to help the people make informed crypto purchases. Because an intelligent approach to crypto is needed to make the most of your purchases.