Over the years, the cryptocurrency market has garnered a lot of popularity. So many people are embracing digital currencies, but not all are familiar with the industry or how it works. Tedi Ticic, a professional in the industry, shares his expertise related to the crypto market.
Having been in the industry for over five years, Tedi is well-acquainted with cryptocurrency. Tedi is a crypto trader and entrepreneur known for helping budding entrepreneurs and investors find their own success in the cryptocurrency market. Born in Croatia, Tedi has defied all odds to become one of the few successful entrepreneurs in the crypto world.
Here is what you should know about the cryptocurrency market, according to Tedi:· ● Don’t invest more than you can afford
This is where many crypto traders tend to mess up. While you may be proud of yourself for getting a few wins and feel tempted to invest more than might be wise, it is essential to have a plan on how much you will invest and to stick to it. Having a plan will prevent you from making mistakes that you might regret later on. Tedi notes that the good thing about cryptocurrency is that you can invest whatever you can afford into it. It doesn’t have to be a huge investment, just whatever works for you.·
● Understand the market
Tedi stresses the importance of exhaustive research before making any investments. He says he made his first investment only after gaining an extensive understanding of the cryptocurrency market. When you have an understanding of the market, you can be more confident when making decisions. The crypto market is ever-changing, and Tedi emphasizes the importance of keeping up to date with market trends.·
● Be patient
Tedi notes the importance of monitoring the market before investing. To do this, you should be up to speed with the current market trends and how they could affect the crypto market. With cryptocurrency, people tend to base their decisions more on speculative than factual evidence. When they hear of a potential opportunity, many tend to be overzealous with their investments. Tedi’s advice is not to rush and to always make investments with a clear mind.·
● Manage your risks
It is better to work towards small but safe profits, rather than to take huge risks. As a newbie, it takes time before you can gain a full understanding of the market. A problem with many new crypto traders is that they tend to rush into investments. Tedi notes the decision to invest in any kind of cryptocurrency should be based on the market cap and supply.
Tedi’s advice to young investors is to not waste time waiting for the “perfect” moment to get into crypto. It’s better to take the risk and go forward with what you have. Failure is not fatal but rather a stepping stone to come back stronger and better. Knowledge is power, and Ticic uses the power of his knowledge to help new entrepreneurs and investors by guiding them through their journey.