5 IMPORTANT CRYPTO LESSONS I LEARNT FROM 2022

It is a new year and I ve been on hive for about a year and half. This new or seeming new technology has me still in bewilderment but I have open my mind to it and chosen to learn from it. It is a slow process rushing it will be at ones peril. This is one of the reasons I think we are on the edge of the future. The power of community, decentralized, and utility centre can be applied for almost anything or niche of creativity on the blockchain

However, as I grow there are certain ideologies I'm choosing to inscribe in my mind for sake of sanity and continuity and I m also sharing this for me to comeback to and for others to read and possibly scrutinize.

"In crypto, you can loose all your money" this is one of the statement that scares people away from the blockchain and they wrongly generalist crypto to be the whole blockchain.

The recent fall of the UST cryptocurrency has been a major talking point in the crypto community, with many speculators and investors wondering what went wrong. And the fall back comes to affect other block chain para Stata which are working well and progressive. While it's always difficult to pinpoint the exact causes of sudden mishaps there are several key lessons that can be learned from Crypto 2022 in general. Here are five key crypto lessons I learnt to always consider:

1. Diversify your portfolio: One lesson that can be learned from the UST fall is the importance of diversifying your cryptocurrency portfolio. While UST may have seemed like a promising investment at one point, it's always wise to spread your risk across a range of different cryptocurrencies. This way, you can minimize the impact of any one currency's performance on your overall portfolio.

2. Don't put all your eggs in one basket: Another key lesson to take away from the UST fall is the importance of not putting all your money into one cryptocurrency. Even if you believe that a particular currency is a sure thing, it's always wise to invest a smaller percentage of your portfolio in order to reduce the risk of total loss.

3. Do your own research: While it's important to listen to the advice of experts and analysts, it's also important to do your own research before making any investment decisions. This means reading up on the technology behind a particular cryptocurrency, understanding its use case and market demand, and considering its long-term potential.

4. Don't chase the hype: The crypto market is known for its hype-driven cycles, with some currencies experiencing sudden spikes in value only to fall just as quickly. It's important not to get caught up in the hype and to make investment decisions based on solid research and analysis rather than short-term hype.

5. Be prepared for market volatility: Finally, it's important to remember that the crypto market is highly volatile and that prices can fluctuate dramatically in a short period of time. This means that it's important to be prepared for market ups and downs, and to have a long-term investment strategy in place rather than trying to make quick profits.

I hope newbies will learnand oldies will consider this things to be through, many of us are usually between the greed and fomo lines and I we pray to catch the good pumps and miss out on the dips, of course being on the safe side.

@jaydr

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