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10 Cryptocurrency Investment mistakes to avoid (don’t be a victim of #3)

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10 Cryptocurrency Investment mistakes to avoid

Why do you want to trade? Is it for profit or for loss? Many come to cryptocurrency platforms with the mindset of making money quickly without knowing what it takes to earn and in the end, they get disappointed and in the next turn, they want to quit. 

Mistakes they say are inevitable, but you need not fall into the trap itself but you can learn from others and avoid the deepest pit that swallows money in crypto trading. 

What then are these mistakes to avoid? 

In this article, you will be enlightened on things to run away from and wise steps to take to earn today. 

1. Putting in too much capital

Greediness is next to huge crash when it comes to trading. If you are looking to making quick money in crypto and you invest your savings or even go ahead and take a loan from the bank, I’d be honest to tell you that chances are you will lose all big time. Even when it comes to professional traders; they tend to fall victim of financial losses. 

One thing to take note of here is the fact that in your trading journey there would be losses and mistakes but it should be minimized. Never put money you are not comfortable losing. We advise you to take some information from crypto experts before going ahead to invest. 

2. Refusing to do your personal research 

Doing your own research after gathering other people’s say about a particular coin or investment platform is very crucial and vital. The internet is a marketplace where different individuals come to say different things but if you aren’t handicapped get on there and do your own research before you go into any trade. 

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News articles on cryptocurrency, YouTube, or Reddit are some places to go to research for more details to help you out and to give you an insight of what next step to take in your crypto journey to avoid those pits.

Researching personally will help you jump over these holes and you will be you did. 

3. The habit of not using stop loss

When it comes to the management of risk in cryptocurrency, falling back on the STOP LOSS tab can help and rescue you big time. This helps you to minimize your trade loss when it is going haywire. You might be so certain about a particular trade going to giving you that green light but the habit of refusing to stop loss will be the greatest mistake you’ll ever want to make in such a scenario. 

If you have never used stop loss while trading, I’d advise you to start today. It will help you big time and save you from messy trades. 

If you use Binance; watch this video below to know how to use stop loss:

4. Not having a trading plan

Having a plan and executing them will save you some bucks and dollars. Your entry and exit plans, capital to invest, and the maximum loss to take must be in place before opening a trade. If you don’t have a plan then you are on the verge of planning to fail. 

Don’t be a novice, think like an expert and map out your plans today. 

5. None use of the 2-FA Cybersecurity

The use of two-factor authentication must be the #1 on your list while starting out in any crypto platforms. Hackers and scammers are everywhere seeking for money to pick, don’t fall a victim. Hundreds of millions of dollars have been lost because a lot of people neglect or even ignore this simple mistake and in the end cause them heartache. 

crypto scam losses in 2021

Write out all your passwords, secret keys, print them, and hide in a safe place. You don’t need to have huge money in your wallet before you encrypt your data. Prevention they say is better than cure. 

Related  How do I start my crypto journey as a beginner?

In addition, it is unwise to talk about your assets when discussing crypto investments in online forums and on social media, “A closed mouth they say is a closed destiny”. 

6. Buying at a high price and selling at a low rate

Are you looking to get wrecked? C’mon crypto is extremely volatile and with large gains comes very high risk. You mustn’t fall into this trap because there are some patterns to follow to maximize your profit and minimize loss. 

The two biggest mistakes are FOMO (Fear Of Missing Out) and FED (Fear, Uncertainty, and Doubt). The disheartening part of trading is seeing your trade heading down and sucking low to red. Keep this at the back of your mind, the last thing you want to do is sell at a loss, just to see that coin going massively up a few days or weeks later. 

In summary, there is light at the end of the tunnel. 

7. Not diversifying your portfolio

A common say has it “do not put all your eggs in a basket”, this is the same for crypto. It’s unwise to invest in one platform. It’s advisable you have your stocks on various platform should in case one begin to decrease or fall in value as you know investment on these platforms are very volatile. 

Diversify your stocks today and escape from the grip of downfall. There are about 19000 investment platforms so do your research and get into them and in the end, you’d be glad you did. 

Related  How to protect your cryptocurrency funds when the market crashes

8. The Pump and Dump trading style

This is one of the schemes where people are being manipulated through some social media channels and in the end receive false or misleading information to trade or jump into trades. 

The traders who share this information are all out to scam people and many fall victim to it, remember the squid crypto game where the creators inflated its price and later disappeared into the thin air with about $3 million dollars. 

Pump and dump trading styles happen as a result of lack of information to crypto traders and the easiest way not to make this huge error is to do thorough research, get its white paper, and go through it. 

9. Using margin trading

This term simply means ”Borrowing money that you don’t own to trade in crypto”. This is also a two-way something. If you spot the right trade and enter your make more money and on the other end if your cards fail then get ready for a huge loss. 

Unless you have got the right spot to jump on, Do not use Margin trading. 

10. Taking revenge on trades

This came as the last on the list because humans often times don’t know how to live with loss and this can harm their trade, getting them off the top and turning them into frustrated beings. 

As a trader, beginner, or even an expert, you need to understand that loss are inevitable when it comes to trading with cryptocurrency. Never trade out of fear and loss, this will hurt you so badly In order words never be on the lookout to revenge on a trade because you lose in the previous. 

Conclusion

Nobody ever won 100% of trades, instead, do a take profit and escape that hurtful loss today. 

In summary, the way out of these mistakes is to know your crypto lingo.

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How to make money online with your WhatsApp status | Earn $15 weekly doing this

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Earn $15 from whatsapp status

In our previous article; Earn $100 daily from your Whatsapp status, today you are going to learn other methods on how to make money online using your Whatsapp status.

Table of Contents

What you need to get started

  • A phone
  • Whatsapp
  • Access to the internet

You can make use of any Whatsapp but I will recommend the Whatsapp Business app, Whatsapp Business has more features than the regular Whatsapp. Let’s get started.

Method 1: Druve

Druve is the first app we will talk about. Druve is a solution that strives to leverage WhatsApp status to earn or spread the word about your product, service, or event.

Druve - earn money placing contents on whatsapp status

Druve pays you to post advertisements on your Whatsapp status. Druve currently caters for two categories of people:

  • The first category is people who want their business, products and services to be seen and interacted with by a large audience at an affordable rate.
  • The second category is for those who want to earn by posting content about businesses on their Whatsapp status.
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For either categories, using Druve starts with downloading and installing the app from playstore using the link below.

Download Druve: https://play.google.com/store/apps/details?id=com.druve.druve&hl=en&gl=US

After downloading, you are expected to set up your account and boom, you are ready for business.

After you have created an account on the app, you will be notified as soon as ads are available to be promoted in your location. You earn from every ad you post on your status from druve app as long as you have at least 42 status views on each post.

The payment is made directly to your registered bank account based on view grade. All Ads on Druve come as an image and a link. You will be paid for posting the link and image.

Method 2: WhatsAd

The second method is WhatsAd, WhatsAd operates basically the same way as Druve.

WhatsAd - earn money from Whatsapp status

WhatsAd pays you for sharing content on your Whatsapp status. Download their App and get started.

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Download WhatsAd: https://play.google.com/store/apps/details?id=com.whatsad.app

Conclusion

That’s all you have to know about earning money from Whatsapp status in this article, you can also make money from other affiliate websites, to know more about this visit our affiliate section.

If you learnt something from this Article kindly share it with your friends.

Notice: We put a lot of hard work and research before writing this article, if you must copy make sure you link back with a do-follow link.
You will be reported to DMCA and other relevant authorities if you copy this article and ignore to link back to the original source.

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What are the best jobs for girls?

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What are the best jobs for girls?

If you are looking for the best job for girls, stay-at-home mum, profession for women, or home jobs for women then you need not look any further because, in this article, we shall be disclosing them to you. 

Which job pays the most money

Table of Contents

Introduction

As a lady, you can make a mark for yourself, work in places or organizations that are being dominated by men and make waves therein. 

There are a lot of jobs out there and ladies should be able to stand shoulder to shoulder with men occupying these spaces at all cost, as a lady, you can leverage your passion, creativity, and love for any job at all thereby standing out and be financially independent and successful in all facet. 

As a student, job seeker, or even a working woman, you can get your dream job and create a name for yourself in the long run. 

Below is the list of jobs that are best for girls, ladies, and working women:

  • Freelancing Job
  • Teaching Job
  • Sports
  • Beauty and Cosmetics
  • Fashion designing
  • Proofreading 
  • Sales and Marketing 
  • Digital Marketing 
  • Content writing
  • Online tutor
  • Yoga trainer jobs
  • Accounting Jobs
  • Law Jobs 
  • Medical Jobs
  • Counseling Jobs
  • Software developer amongst others. 
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Which Job is best?

This list goes endless and if we are to consider others then the ranking might be equal nevertheless here is our final note on the best jobs to go into today:

1. Anesthesiologists: 

The BLS defines anesthesiologists as physicians who “administer anesthetics and analgesics for pain management prior to, during, or after surgery.”

2. Gynecologist 

They are doctors specializing in vaginal, ovarian, uterine, and cervical reproductive health and childbirth, known as obstetricians-gynecologists. 

3. Surgeons

Surgeons perform operations to treat broken bones and diseases, such as cancer. Surgeons help manage the patient’s care before and after surgery. 

4. Orthodontist 

Orthodontists specialize in corrective measures for the teeth and are often referred out by the patients’ dentists. High-achieving orthodontists require good communication skills, as they work with patients directly, plus strong analytical and problem-solving abilities.

5. Psychiatrist 

While all psychiatrists help treat mental health issues, it’s a field with a vast range of specialties. Some work on child and adolescent psychiatry, for example, while others specialize in forensic (legal) psychiatry, addiction psychiatry, or consultation psychiatry, which occurs in a medical setting. 

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6. Air pilot and Flight Engineers

Working in the aviation industry can mean a lot of time away from home, but it also leads to a nice paycheck in many cases. Flight engineers do preflight checks, monitor the plane’s cabin pressure, assess how much fuel is being burned, and perform other important duties.

7. Computer and IT managers 

Computer and information technology managers function to oversee electronic data processing, information systems, systems analysis, and computer programming. They evaluate the information technology (IT) needs of a business or government body and work with technical staff to implement computer systems that meet those objectives.

Which job pays the most money?

Are you interested to know which job pays the most money and spicing up your daily diet, this article unravels those listings for you? Everyone wants to be successful and to become this we need to follow a career path that will lead us to achieve those results. 

Now, it’s time to take sit on your sofa, get a coffee to sip, and lower your back as you read on. 

1. Surgeons

2. Pilots

3. Sailor 

4. Judges

5. Medical doctors

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6. Medical Laboratory Scientist 

7. Radiographer

8. Physiotherapist

9. Petroleum engineer

10. Lawyer

11. Military officer

12. Software engineer

13. IT

14. Entertainment 

15. Nurse 

16. Pharmacist 

17. Graphic designer. 

18. Aeronautic engineer 

The list goes on and on, it’s time to jump into one and dive deeper. 

What job has the highest paying salary?

The so-called degrees or any other qualification in Nigeria are as good as useless and trash in today’s Nigerian labor market. The core reason is there are no employable job vacancies in the field to recruit graduates of such fields or the pay accrued is somewhat nothing to write home about. 

Nigeria is the giant of Africa but the rate of unemployment is at its peak. 

This is a must-read for everyone who needs to consider a high paying job in this harsh economy:

1. Health jobs

2. Digital Marketing 

3. Sales manager and jobs

4. Entertainment 

5. Petroleum engineer 

6. Communication jobs

7. Legal jobs

8. Financial Accounting jobs 

9. Business manager

10. Software engineer

11. Data Analyst

12. Pilot

Check: 13 Best Jobs for Women in the 21st Century

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What is financial planning in Business?

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What is financial planning in Business?

Financial planning is the process of estimating of capital necessary for accomplishing the organization’s business activities and also aids in the creation and planning of financial resources for the future.

What is financial planning?

It relates to the provision of assets, investments, and an organization’s funds management. Financial planning is the process of formulation of goals, policies, procedures, programs, and budgets that refer to the organization’s financial activities.

Financial planning means:

  • Providing appropriate funds
  • Providing an appropriate balance between the incoming and outgoing funds.
  • Preparation of growing and development programs that ensure the long-term sustainability of the organization.
  • Decrease of uncertainty regarding market changes that the organization may face.
  • Decrease of the uncertainty which could affect the organization’s growth, helping to provide stability and profitability.
  • Financial planning means predicting, directing, synchronizing, and premeditated distribution of the elements of an organization’s finance function.

How is financial planning important?

Financial planning helps you to make the best financial decisions based on your needs, goals, and objectives. Additionally, it helps you be in control of your income, expenses, and investments such that you can manage your money.

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You need to note that the most important initial element in financial planning is Budgeting.

For a Budget, you need to:

  • Understand what you spend over a year
  • Set a budget to cover your living costs and all your holidays and entertainment
  • Stick to the budget
  • Reduce your short term debts, such as credit card balances
  • Establish an emergency fund

What are financial planning tool?

Inasmuch as there are paid tools for your finances there are some free tools that are ready and set to go for your financial plans and they include:

  • Social Security Retirement Estimator
  • Retirement Ballpark Estimator 
  • Mutual Fund Amalyzer 
  • 529 Expense Analyzer 

Check: What Is a Financial Plan, and How Can I Make One?

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