How do crypto sell orders work?

Think of it like a continuous auction. Buy orders (bids) represent the price people are willing to pay for Bitcoin, while sell orders (asks) are the prices sellers are willing to accept. The interplay of these bids and asks, the order book, dynamically sets the market price. Your sell order, your ask, sits waiting to be matched with a buy order at or above your specified price. The higher your ask price, the longer it might take to fill. Consider factors like order type (market vs. limit) – market orders execute immediately at the best available price, while limit orders only execute when the market reaches your specified price. Understanding the order book’s depth (the volume at each price level) gives insights into potential price movements. A deep order book suggests significant buying or selling pressure at various price points. Execution speed depends on the exchange’s infrastructure and the order’s size – large orders might take longer to fill than smaller ones.

Fees are another crucial consideration. Exchanges charge fees on both buying and selling, directly impacting your profit. Factor these into your price calculations. Furthermore, slippage – the difference between your expected price and the actual execution price – can occur, especially with market orders or during volatile periods. Always be mindful of market conditions and consider setting stop-loss orders to limit potential losses.

How do I buy and sell on crypto exchange?

Navigating the crypto exchange landscape requires a strategic approach. Begin by selecting a reputable exchange, considering factors like trading fees, security measures (look for two-factor authentication and cold storage), available cryptocurrencies, and user interface. Binance, Coinbase, Kraken, and Gemini are popular choices, but research thoroughly to find the best fit for your needs and risk tolerance.

Account creation involves KYC (Know Your Customer) verification, a crucial anti-money laundering measure. This process typically requires uploading identification documents. Be prepared for potential delays in verification depending on the exchange and your location.

Funding your account is next. Most exchanges accept bank transfers, credit/debit cards, and sometimes even peer-to-peer (P2P) transfers. Be mindful of deposit fees and processing times; these vary significantly across platforms.

Once funded, familiarize yourself with the exchange’s trading interface. Most offer both limit orders (setting a specific price) and market orders (buying/selling at the current market price). Understand order types, fees, and slippage (the difference between the expected and executed price) before placing your first trade. Practice with smaller amounts initially to get comfortable with the process. Actively monitor your portfolio and understand the risks involved in volatile cryptocurrency markets; never invest more than you can afford to lose.

Finally, consider diversifying your portfolio across different cryptocurrencies to mitigate risk. Regularly review your investment strategy and stay updated on market trends and news to make informed decisions. Security is paramount; use strong, unique passwords, and enable two-factor authentication wherever possible.

What is the best crypto day trading strategy?

There’s no single “best” crypto day trading strategy, but consistent success hinges on a robust, adaptable approach. Forget get-rich-quick schemes; focus on these fundamentals:

Master Market Trends: Don’t just chase pumps and dumps. Deeply understand macroeconomic factors influencing crypto (regulation, inflation, interest rates) and on-chain metrics (exchange inflows/outflows, whale activity) to predict market direction. Ignoring the bigger picture is a recipe for disaster.
Technical Analysis Mastery: Charts are your compass. Become proficient in identifying support and resistance levels, candlestick patterns (hammer, engulfing), moving averages (EMA, SMA), RSI, MACD, and Bollinger Bands. Backtest your strategies rigorously. Don’t rely solely on indicators; understand their limitations.
Precision Entry & Exit: Pre-determine your entry and exit points based on your technical analysis. Use stop-loss orders to limit potential losses, and take-profit orders to secure gains. Emotional trading is your enemy.
Diversification: Don’t put all your eggs in one basket. Spread your investments across multiple cryptocurrencies with varying market caps and risk profiles. Correlation isn’t always consistent.
Rigorous Risk Management: Never risk more than you can afford to lose on any single trade. Position sizing is crucial. A well-defined risk tolerance is non-negotiable.
Stay Informed: Constant learning is paramount. Follow reputable news sources, analyze market sentiment, and understand regulatory developments. Ignorance is expensive in this space.
Leverage Trading Bots (Cautiously): Automated trading bots can execute trades faster than humans, but require careful programming and monitoring. Backtesting is absolutely crucial, and never use excessive leverage.
Focus on Liquidity: Trade only highly liquid assets. Illiquidity can lead to significant slippage and difficulty exiting positions.
Psychological Discipline: This is often overlooked, but crucial. Fear, greed, and FOMO can derail even the best strategies. Develop a disciplined trading plan and stick to it.
Continuous Improvement: Day trading requires constant adaptation. Regularly review your trades, identify weaknesses, and refine your strategies based on performance. Journaling your trades can provide invaluable insights.

Remember: Past performance is not indicative of future results. Crypto markets are volatile. Day trading is inherently risky.

Can you cancel a sell order on Crypto com?

Yes, you can usually cancel a sell order on Crypto.com. To do this, go to the app’s menu and find your “Open Orders.” You’ll typically see a list of your active buy and sell orders there. You can then select the sell order you want to cancel.

Important Note: You can only cancel an order before it’s been filled (executed). If your order to sell has already been matched with a buyer, it’s too late to cancel. The sale will go through, and you’ll receive the cryptocurrency equivalent of your order.

Here’s a little more about order statuses:

Open: Your order is waiting to be matched with a buyer or seller.
Partially Filled: Some of your order has been executed, but some remains open.
Filled/Completed: Your entire order has been executed.
Cancelled: You successfully canceled the order before it was filled.

Understanding these statuses is crucial. Think of placing a sell order like putting an item up for sale. Until someone buys it, you can take it off the market. Once it’s sold, the transaction is complete.

Tip: If you’re unsure about the price you want to sell at, consider using a limit order. This lets you specify the minimum price you’ll accept. This minimizes the risk of selling your cryptocurrency for less than you’d like. A market order, on the other hand, sells immediately at the current market price.

Can you make a living day trading crypto?

Day trading crypto can be lucrative for experienced traders employing rigorous, well-defined strategies and sophisticated risk management. However, consistent profitability requires exceptional discipline, deep market understanding, and a high tolerance for risk. Beginner success is exceptionally rare; most lose money initially due to a lack of crucial skills like technical analysis, understanding order book dynamics, and emotional control. Successfully navigating the volatility inherent in crypto markets demands constant learning and adaptation. Factors like market cycles, regulatory changes, and unexpected events significantly impact trading outcomes. Successful crypto day traders often utilize advanced charting techniques, leverage algorithmic trading, and diversify their portfolio across different cryptocurrencies to mitigate losses. Crucially, they meticulously track performance, adjusting strategies based on data-driven analysis, not gut feelings. The potential for substantial gains is balanced by the considerable risk of substantial losses; consistent profitability is a testament to skill, not luck.

Consider the psychological aspects; emotional trading often leads to poor decision-making. Develop a robust trading plan encompassing entry and exit strategies, stop-loss orders, and position sizing. Backtesting strategies on historical data is also essential before live trading. Don’t overestimate your abilities; start with paper trading to hone skills without risking capital. The path to successful day trading requires significant dedication, continuous learning, and a realistic understanding of the inherent risks involved. Remember, many attempt this and fail; success is not guaranteed.

Can you make $100 a day trading crypto?

Making $100 a day consistently in crypto day trading is achievable, but far from guaranteed. It hinges critically on sufficient capital – a smaller account will require proportionally higher percentage gains to reach that target, significantly increasing risk. The 8% daily return mentioned is exceptionally aggressive and unsustainable in the long run. Most profitable day traders aim for far more modest, consistent returns, compounding over time. Expect volatility and drawdowns; managing risk effectively through proper position sizing and stop-loss orders is paramount. Successful day trading also necessitates deep market understanding, technical analysis proficiency, and rigorous discipline – emotional trading is a recipe for disaster. Furthermore, transaction fees and taxes significantly eat into profits, and you need a robust trading strategy, regularly backtested and adapted to market changes. Consider exploring different trading strategies, like scalping or swing trading, depending on your risk tolerance and time commitment.

Successfully navigating market fluctuations and avoiding emotional decisions are key to long-term success. Thorough research, including understanding fundamental analysis alongside technical analysis, is essential. Remember, past performance is not indicative of future results; a winning strategy today might fail tomorrow. Continuous learning and adaptation are crucial for survival in this highly dynamic market.

Never invest more than you can afford to lose. The cryptocurrency market is notoriously volatile, and significant losses are possible even with the best strategies.

What does buy and sell mean in cryptocurrency?

In cryptocurrency, “buy” and “sell” refer to taking a long or short position, respectively, on the price movement of a digital asset. A long position (buy) is a bet that the price will increase. You purchase the cryptocurrency, hoping to sell it later at a higher price, profiting from the difference. A short position (sell) is a bet that the price will decrease. This involves borrowing the cryptocurrency, selling it at the current market price, and then repurchasing it later at a lower price to return to the lender, again profiting from the price difference.

Both long and short positions are commonly leveraged using margin trading. This means you borrow funds from an exchange to amplify your potential profits (and losses). For example, a 5x leverage means you control five times the value of cryptocurrency with your initial deposit (margin). While leveraging magnifies gains, it also significantly increases risk. A small price movement against your position can lead to substantial losses exceeding your initial investment – a phenomenon called liquidation.

Long Position Risks: Market downturns, unexpected negative news, regulatory changes.
Short Position Risks: Unexpected price rallies (short squeeze), difficulty in covering the position if the price moves unexpectedly against the bet.

Several factors influence the price of cryptocurrencies, including:

Market Sentiment: Investor confidence and hype significantly impact price volatility.
Regulatory Developments: Governmental actions and policies can have major effects.
Technological Advancements: Upgrades, new features, and wider adoption can boost or hinder a cryptocurrency’s value.
Adoption Rate: The increasing or decreasing use of a cryptocurrency influences its demand and price.
Mining Difficulty & Hashrate: Particularly relevant for proof-of-work cryptocurrencies; increasing mining difficulty can affect the rate of new coin creation and circulating supply.

Disclaimer: Leveraged trading is inherently risky and may not be suitable for all investors. Always conduct thorough research and understand the risks before engaging in any cryptocurrency trading activity.

Can you make $1000 a month with crypto?

Yes, earning $1000 a month from crypto is achievable, but it’s not a guaranteed outcome. Profitability hinges on several key factors: trading skills, risk management, market knowledge, and capital allocation. A successful trader leverages technical and fundamental analysis, understands market cycles (bull and bear), and employs strategies like day trading, swing trading, or long-term hodling, each with varying risk profiles. Consistent profitability requires meticulous risk management, including setting stop-losses to limit potential losses and diversifying your portfolio across different cryptocurrencies to mitigate risk. The amount you can realistically earn depends heavily on your starting capital; larger investments inherently offer the potential for higher returns (but also higher risks). While some traders might earn significantly more, others may struggle to break even. It’s crucial to approach crypto trading with realistic expectations and a thorough understanding of the inherent volatility.

Furthermore, factors like trading fees, taxes, and the potential for unforeseen market crashes significantly impact your bottom line. Thorough research, continuous learning, and practice are essential. Consider paper trading (simulated trading) to develop your skills before risking real capital. Remember, consistent profitability in crypto requires dedication, discipline, and a well-defined trading plan.

Can you make a living off day trading crypto?

Day trading crypto for a living? It’s possible, but far from guaranteed. Success hinges on a rock-solid, disciplined strategy, meticulous risk management, and consistent learning. Many fail because they underestimate the learning curve and the emotional toll. Think advanced technical analysis, understanding market cycles (like bull and bear markets), and mastering chart patterns – you need to be able to read the market like a book.

Don’t jump in expecting quick riches. Start with paper trading (simulated trading) to hone your skills without risking real capital. Focus on building a strong understanding of blockchain technology, various cryptocurrencies, and market dynamics. Only once you consistently show profitability in paper trading, should you consider venturing into live trading with small amounts.

Risk management is paramount. Never invest more than you can afford to lose. Diversification across different crypto assets is crucial to mitigate losses. Learn to use stop-loss orders to limit potential damage. And remember that even experienced traders experience drawdowns – it’s a part of the game, and how you manage those periods will define your success.

Continuous education is non-negotiable. The crypto market is constantly evolving, with new coins, regulations, and technological advancements emerging regularly. Stay informed by following reputable news sources, engaging in online communities, and continuously refining your strategies based on market conditions.

It’s not a get-rich-quick scheme. Building a sustainable income through day trading requires dedication, patience, and a deep understanding of the market. Treat it like a business, not a lottery ticket.

How do people know when to buy and sell crypto?

There’s no magic formula, but experienced traders utilize a multi-faceted approach. Low trading volume can indeed indicate a period of consolidation, potentially offering a better entry point, but it’s not a guaranteed signal. Look for periods of low volatility *following* a significant price drop, suggesting potential bottom formation. This often coincides with bearish sentiment – a contrarian indicator.

Technical analysis plays a crucial role. Identify support and resistance levels using charts. Look for patterns like head and shoulders, double bottoms, or flags, indicating potential price reversals. Study moving averages (e.g., 50-day, 200-day) to gauge momentum and trend.

Fundamental analysis is equally important. Examine the underlying technology, adoption rates, regulatory developments, and market sentiment surrounding specific cryptocurrencies. Positive news can fuel price rallies, while negative news can trigger sell-offs.

On-chain metrics: Analyze metrics like transaction volume, active addresses, and miner behavior to gauge network activity and potential future price movements.
Macroeconomic factors: Consider broader economic trends (inflation, interest rates) as they significantly influence cryptocurrency markets.

The “buy low, sell high” strategy is simplistic. Timing the exact bottom or top is nearly impossible. Instead, focus on risk management. Use stop-loss orders to limit potential losses and consider dollar-cost averaging to mitigate the risk of buying at a peak.

Diversification: Don’t put all your eggs in one basket. Spread your investments across various cryptocurrencies to reduce overall portfolio risk.
Patience: Crypto markets are volatile. Long-term strategies often outperform short-term trading attempts.

Remember: Past performance is not indicative of future results. Thorough research, risk management, and a disciplined approach are essential for successful crypto trading.

How much do I need to invest in crypto to become a millionaire?

Becoming a crypto millionaire isn’t about a single magical investment. It’s about consistent investment and time in the market, alongside a healthy dose of luck and risk tolerance. The numbers below illustrate this, assuming a 30% annual return (which is highly unlikely and should not be expected).

Important Note: A 30% annual return is extremely optimistic. Crypto markets are volatile, and past performance is not indicative of future results. Significant losses are possible, and you could lose your entire investment.

Here’s a breakdown of yearly investment needed to reach $1 million, based on a hypothetical 30% annual return:

5 years: Approximately $85,500 annually. This is a very aggressive strategy with high risk.
10 years: Approximately $18,250 annually. Still a significant investment, carrying substantial risk.
20 years: Approximately $1,225 annually. While seemingly low, this still requires consistent investment over a long period and involves significant market risk.

Things to consider beyond just the investment amount:

Diversification: Don’t put all your eggs in one basket. Spread your investment across different cryptocurrencies to reduce risk.
Risk Tolerance: Understand your risk tolerance. Crypto is highly volatile. Only invest what you can afford to lose.
Research: Thoroughly research any cryptocurrency before investing. Understand the technology, team, and market potential.
Tax Implications: Be aware of the tax implications of cryptocurrency investments. Consult a tax professional.
Security: Securely store your crypto using reputable wallets and exchanges.

Remember: These calculations are based on a highly improbable 30% annual return. Realistic expectations and a long-term perspective are crucial for success (or even just avoiding significant loss) in the crypto market.

What is passive income in crypto?

Passive income in crypto refers to generating earnings without actively trading or managing assets. It’s crucial to understand this isn’t truly “passive” as it requires initial investment and ongoing monitoring, though less actively than day trading.

Staking involves locking up your cryptocurrency to support a blockchain’s network, earning rewards in return. The rewards vary significantly depending on the coin, network congestion, and validator participation. Delegated staking allows participation with smaller holdings through a third-party validator.

Yield farming is a more advanced strategy leveraging decentralized finance (DeFi) protocols. It involves lending or providing liquidity to various platforms, earning interest or trading fees. Risks are considerably higher due to the complexity and volatility of DeFi protocols; smart contract vulnerabilities and impermanent loss are significant concerns.

Crypto lending platforms offer interest on deposited crypto. These platforms vary drastically in risk profiles. Centralized platforms offer higher returns but introduce counterparty risk – the risk of the platform itself failing. Decentralized lending platforms offer more transparency but often come with higher technical hurdles and still expose users to smart contract risks.

Masternodes are specialized nodes on certain blockchains that provide services like transaction validation and governance, receiving rewards in return. The entry barrier is typically higher, requiring significant capital investment and technical expertise.

Risks inherent in all passive crypto income strategies include market volatility impacting asset values and liquidity issues which can make it difficult to quickly access funds.

Important Considerations: Diversification across multiple strategies and platforms is crucial to mitigate risk. Thoroughly research and audit any platform or smart contract before participating. Understand the tax implications in your jurisdiction, as passive crypto income is usually taxable.

What is the safest crypto exchange for beginners?

Choosing a crypto exchange as a beginner can be tricky. Here’s a breakdown of some popular options based on TrustPilot ratings (remember, ratings can change!):

Coinbase: Widely considered user-friendly with a good reputation and strong security. It’s regulated in many countries, offering a degree of added comfort for newcomers. Expect higher fees compared to some others. 260+ TrustPilot reviews, 3.8 stars.

OKX: A larger exchange with a wider variety of cryptocurrencies available. It may be slightly more complex to navigate than Coinbase, but still generally regarded as beginner-friendly. 350+ TrustPilot reviews, 3.7 stars.

Bybit and MEXC: These are more advanced exchanges with a greater selection of trading options. They’re not necessarily *bad* for beginners, but their interfaces might be overwhelming initially. They’re better suited once you have a foundational understanding. Bybit has 1,300+ TrustPilot reviews (2.7 stars), and MEXC has 2,700+ (1.5 stars). Note the lower ratings compared to Coinbase and OKX.

Important Note: No exchange is completely risk-free. Always research any platform thoroughly before using it, and only invest what you can afford to lose. Never share your private keys with anyone.

Can I buy crypto on one exchange and sell on another?

CoinSwitch PRO is a prime example of a platform designed for this purpose. Their desktop and mobile app provides a single account interface allowing traders to seamlessly buy cryptocurrency on one exchange and sell it on another. This streamlines the process, minimizing transaction complexities.

Consider this example: BTC might be trading at $29,900 on CoinSwitch, while WazirX lists it at $30,000. By purchasing on CoinSwitch and simultaneously selling on WazirX, you could pocket the $100 difference per BTC, less fees, after accounting for transaction costs. This seemingly small difference can accumulate into substantial profits with larger trades.

However, several factors need consideration:

Transaction Fees: Always factor in the fees charged by both exchanges, as these can significantly eat into your profits. Some exchanges offer lower fees for larger trade volumes.
Withdrawal Fees: Transferring crypto between exchanges involves withdrawal fees from the initial exchange. This can influence the profitability of an arbitrage opportunity.
Price Volatility: Crypto prices fluctuate rapidly. The price differential you identified might vanish before you complete the transaction, resulting in a loss instead of a profit.
Liquidity: Ensure sufficient liquidity on both exchanges to execute your buy and sell orders without slippage (buying or selling at a less favorable price than intended).
Security: Only use reputable and secure exchanges. Thoroughly research and understand the security measures of any platform before entrusting your funds.

To maximize arbitrage opportunities:

Utilize arbitrage trading tools and bots: Several tools automatically identify and execute arbitrage trades, though caution is advised given the inherent risks.
Monitor multiple exchanges simultaneously: Stay informed about real-time price fluctuations across different exchanges.
Develop a robust trading strategy: Define clear entry and exit points, risk management parameters, and profit targets.

Disclaimer: Cryptocurrency trading involves significant risk. Arbitrage trading, while potentially profitable, is not without its challenges. Always conduct thorough research and proceed with caution.

Does crypto com take a cut when you sell?

Yes, Crypto.com charges fees on every trade, both buys and sells. These are expressed as a percentage and can be positive (you pay) or negative (you receive a rebate), depending on your trading volume and CRO staking status. The fee schedule is tiered; higher volume generally leads to lower fees. Crucially, understand that maker-taker fees apply: makers (placing limit orders) often receive rebates while takers (placing market orders) pay fees. This is standard practice across most exchanges.

Beyond standard trading fees, be aware of a significant hidden cost: the 0.5% liquidation fee applied during forced liquidations. This occurs when your margin trading position hits a predetermined stop-loss level. This fee can substantially reduce your recovery amount, especially in volatile markets. Therefore, careful risk management and appropriate leverage utilization are paramount.

Before engaging in any trades, thoroughly review Crypto.com’s detailed fee schedule to fully understand the cost implications of your trading activities. Consider your trading style and volume to optimize your fee structure, potentially leveraging CRO staking to minimize trading costs. Always factor in liquidation fees when assessing your risk profile and calculating potential profits.

Should you buy and sell crypto daily?

Day trading crypto involves buying and selling cryptocurrencies within a single day to profit from short-term price fluctuations. It’s tempting because crypto is incredibly volatile – prices can change dramatically in hours, even minutes. This volatility offers huge potential profits for skilled traders who can predict these swings. However, it’s extremely risky. A wrong prediction can lead to significant losses very quickly. The market is influenced by many factors, including news events, social media trends, and regulatory changes, all of which can cause unexpected price jumps or drops.

Before you even think about day trading, understand you need more than just luck. You need to dedicate considerable time to learning technical analysis (chart patterns, indicators) and fundamental analysis (market trends, news). You’ll also need to develop a solid trading strategy, risk management plan (including stop-loss orders to limit potential losses), and emotional discipline to avoid impulsive decisions. Successful day trading involves understanding order books, trading volume, and various trading platforms and their fees.

Many day traders use leverage, borrowing funds to amplify their potential profits. While leverage can magnify gains, it also significantly magnifies losses. A small move against you can wipe out your entire investment. Consider practicing with a demo account (paper trading) before risking real money. This lets you test your strategies without financial consequences.

Taxes are a crucial consideration. Day trading crypto generates short-term capital gains, which are usually taxed at a higher rate than long-term gains. Factor this into your profit calculations.

What if I invested $1000 in Bitcoin 10 years ago?

Imagine investing $1,000 in Bitcoin a decade ago, in 2013. While precise figures fluctuate depending on the exact date of purchase and exchange used, a $1,000 investment would likely have yielded a substantial return. Many sources suggest a return in the range of tens of thousands of dollars, significantly outpacing traditional investment vehicles over the same period.

But let’s rewind further. If you’d been incredibly prescient and invested $1,000 in Bitcoin in 2010, you’d be looking at a return in the tens of billions of dollars today – a truly life-altering sum. This highlights the astonishing growth of Bitcoin, showcasing its volatility and potential for both massive gains and equally significant losses.

The early days of Bitcoin saw incredibly low prices. In late 2009, a single dollar could buy you over 1,309 Bitcoins! This underscores the exponential growth the cryptocurrency has experienced. However, it’s crucial to remember that past performance is not indicative of future results. The cryptocurrency market remains highly volatile, and significant price swings are common.

The success of an early Bitcoin investment was heavily reliant on timing and risk tolerance. Holding through periods of considerable price drops required significant patience and faith in the underlying technology. While Bitcoin’s price has reached unprecedented highs, it has also experienced dramatic crashes, emphasizing the importance of thorough research and understanding of the risks before investing.

Investing in Bitcoin, or any cryptocurrency, requires a deep understanding of the technology, market trends, and associated risks. Consider diversifying your investment portfolio and never invest more than you can afford to lose.

How can I make $1000 a month in passive income?

Generating $1000/month passively requires significant upfront effort and carries inherent risk, especially in volatile markets like crypto. While traditional methods like affiliate marketing, blogging, and rental properties remain viable, crypto offers unique opportunities, albeit with higher risk profiles:

Staking: Stake your crypto holdings on reputable platforms to earn interest. Yields vary significantly based on the cryptocurrency and the platform, requiring careful research into security and APY (Annual Percentage Yield). Consider the potential for smart contract vulnerabilities and platform risks.

Liquidity Provision (LP): Provide liquidity to decentralized exchanges (DEXs) to earn trading fees. This strategy requires a deep understanding of DeFi (Decentralized Finance) and carries impermanent loss risk – your assets’ value can fluctuate compared to simply holding them. Thorough understanding of smart contracts and DEX mechanisms is paramount.

Crypto Lending/Borrowing: Lend your crypto assets to earn interest or borrow against them to leverage investments. This approach involves substantial risk, especially with high leverage. Interest rates can fluctuate widely, and careful risk management is crucial to avoid liquidation.

Masternode Operation (Specific Coins): Some cryptocurrencies allow you to run a masternode for rewards. This often requires substantial upfront investment in cryptocurrency and technical expertise in server management and network security.

NFT Royalties: Creating and selling NFTs (Non-Fungible Tokens) can generate passive income through royalties on secondary sales. However, the NFT market is highly saturated and unpredictable, requiring creativity and a strong understanding of the market to achieve success.

Disclaimer: All crypto investments involve significant risk, including the potential for total loss. Thoroughly research any investment opportunity and only invest what you can afford to lose.