Connect with us
Apply Now

Executive Voice

Frantisek Hrinkanic’s 5 Don’Ts of Crypto Investment.

“Investing in cryptocurrencies is becoming a highly remunerative investment venture. Hold on! It’s not that easy” says Frantisek Hrinkanic, Founder & CEO of CryptoTIps Academy.

Blockchain and cryptocurrencies are new and constantly evolving technologies. This creates volatility and uncertainty around the virtual currency. The technology is vulnerable to hacks and bugs. This leads to a drastic change in the values of coins in unanticipated ways.

A well-crafted strategy will definitely help you thrive in this unpredictable market. Amidst all the doubts and uncertainties, the digital economy has its heroes. The heroes have dug every ebb & flow. Frantisek Hrinkanic is one of those names that’s prominent in the industry since 2016.

Mr. Frantisek gives a list of 5 things you SHOULDN’T do when investing in cryptocurrencies:

Investing Without Research

Investing without researching is the same as diving into the ocean without knowing the depth. You can’t predict the risks nor the profit. Before investing in anything you need to know everything about it. Know about the company, know about the purpose of the company behind the launch of the currency. Would you choose to lose your money or invest some time in research? The choice is solely yours.

Buying The Buzz

So, my neighbor said Ethereum’s gonna move the market next week. He invests in cryptocurrencies so he must be right. Let’s go ahead and invest in Ethereum this time. Would you? No! You should do your own research and figure out which coins can help you achieve your financial goals. Trusting the hype is the worst thing you can ever do in crypto investment. The Crypto market is new to everybody and nobody can perfectly predict the graph of the coin’s performance.

Starting Without A Plan/Goal

 Getting into the car and starting aimlessly for a beach without knowing how to reach there is simply a waste of time and fuel for your car. The foundation of smart investment is a solid plan. Your plan must be as detailed as possible. If you find planning a daunting task, consider CryptoTips Academy for helping you with personalized strategies.

While planning your goals, keep 3 things in your mind:

1 Where am I at?

2 Where do I wish to be after X months?

3 How to reach there?

Trading Without Setting A Stop-Loss

A stop-loss is designed to limit an investor’s loss on a security position. For example, setting a stop-loss order for 1-2% below the price at which you bought the stock will limit your loss to 1-2%. If the loss is going beyond your limits you can pull out your money before you lose more.

Investing In Just One Coin

Never be dependent on just one digital currency. What if the currency you invested in suddenly plummets? You’ll lose everything in one go. Diversify the range of your investment and keep an eye on every currency you invest in.

CryptoTips Academy is a consultancy company in the field of cryptocurrencies. If you’re seeking a mentor in this field, Frantisek Hrinkanic is your go-to person. Connect with him on Instagram

Continue Reading

Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Opinions expressed by Disrupt Contributors are their own. Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.

Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.