Rules

DON'T invest if you can't afford to lose!
Try before you buy
Know what YOU want
Diversify (Get your fingers sticky!)
HODL
Have fun!

DON'T invest if you can't afford to lose!

The countless horror stories of people spending their hidden stash of life savings or even selling their house just to buy into the 'get rich quick scheme' is increasing more than ever. We have all seen it, heck we might of been through it! Too many of us have bought into the idea of high investment always equals high return, this is never the case especially in the market of cryptocurrency. I must warn you, investing young should only be considered as a hobby. Like me, you are still learning the ropes on what to invest. Which brings me onto my next rule.

Try before you buy

Not to take the name of this rule literally but my point will still stand. Always, always research before you buy. The cryptocurrency market is very volatile and investing in a currency with your eyes closed will either make you rich beyond your wildest dreams or like the 99% of us, empty pocketed. Just because you see a particular coin doing well at this current moment does not mean it will look the same in the following week. The marketplace isn't your average supermarket, you wont be able to return your loss to an exchange and get your money back. Always research.

Know what you want!

The internet is a marvelous tool that enables all of us to speculate and find information on how successful something can be. Apply this same principle to investing. There are countless forums and websites dedicated to each individual coin on the marketplace. Find the coin you want, decide if the technology is future proof and move onto the next coin. Repeat this until you have at least 10 currencies in mind.

Diversify (Get you fingers sticky!)

Now that you have your proposed currencies in mind, it now takes real confidence to invest using your own money. Never invest fully into one coin, we want, as the rule states, to get your fingers sticky! What I mean by this is to diversify your investment funds into a number of different currencies. You as an investor will find it less terrifying to see four out of ten investments lose value than just one completely failing. The remaining six investments could turn out to be very successful covering your losses.

HODL

Hold! Always be confident in your investment, the market is a volatile place, prices can always change within hours or even seconds. You may see a massive loss or gain on your investments but refer to rule one. Money that's lost or gained should not impact your lifestyle. No matter how tempting it is to sell when witnessing a 20% decline or a 50% increase, just keep holding! The price can always double or triple in value in a few days.

Have fun!

Investing should always be a fun platform for learning and socializing with others who share the same interest. Who knows you could be talking to the next millionaire!