- Don’t invest more than you can afford to lose: Cryptocurrencies are highly volatile, and their prices can swing dramatically. Only invest money you’re willing to lose entirely.
- Dollar-cost averaging (DCA): Instead of making a large lump-sum investment, consider buying small amounts of cryptocurrency regularly (e.g., weekly or monthly). This strategy helps mitigate the risk of buying at a market peak and averages your purchase price over time.
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