How to Maintain your Cryptocurrency

After you have made that decision to buy cryptocurrency and you buy it, what next?
Well you have to ask yourself, do you want to be a one off buyer or a crypto accumulator. A one off buyer just buys and doesn’t think of buyer more. Why a crypto accumulator keeps adding more quantities to his current holding no matter the price.

Well if you are a crypto accumulator these are the little advice I have for you.

Always Diversify your crypto investments. Don’t literally put all your eggs in one basket. For instance, those people that bought only XRP, didn’t expect the SEC law suit and the price of XRP fell massively. They panicked and sold their coins off with a big loss.

Don’t misplace your private keys and always store in a safe place. It’s a decentralized world and you are responsible for every mistake you make. If you lose your private keys, you will lose access to your wallet and there will be no one to help you out.

If you want to keep to your goal by accumulating more crypto then you need to eliminate any bad spending habits you may have. If you spend $500 on irrelevant things, reduce to spending $150 and reinvesting $350 on crypto. Subsequently you may reduce it further and acquire more bag.

This is my own way of maintaining my cryptocurrencies.

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