Cryptohopper Do’s & Don’ts Of Crypto Trading

Crypto trading. The wild-west of the investment world. There’s no denying it, the cryptocurrency markets can be a volatile place. The value of cryptocurrencies such as Bitcoin, Ethereum, and Litecoin skyrocketed back in 2017,

plummeted in 2018, and have seen a jagged-edged rise in their value during 2019.

Making sure you have a proper, well-thought-out strategy is crucial if you’re ever going to make a profit for trading digital currencies. In this article, we’re going to give you a rundown of the top do’s and don’ts when it comes to trading crypto.

The Don’ts

#1 Trade Without A Plan

You leave the house. Get in your car. You want to travel to the beach, but have no idea how to get there. So, you start your engine and being aimlessly driving without looking at maps, road signs, or asking the guy walking his dog with a newspaper under his arm. How long will it take? You’ll be lucky to even get close.

You wouldn’t aimlessly start a journey without looking at your map, so why would you aimlessly throw money into crypto trading without having a plan? The…