Don't Fall For Shit Coins: Shitcoins have no fundamental value because of 0 utility and are mostly used to create hype among investors and scam them. Unfortunately, majority of the crypto market still consists of shitcoins. You should focus on the technical and fundamental aspects of a coin to not fall for these shitcoins.

Have No FOMO: Warren Buffett once famously said that smart investors should be “fearful when others are greedy, and greedy when others are fearful.” In other words, sensible investors should avoid putting money into trendy holdings merely because of the buzz. It's easy to wish that you could go back in time and invest a few bucks in Bitcoin when it debuted in 2008. Smart investing means looking forward instead of in the past.

Know Where Not To Invest: ****Everyone knows where to invest but it's even more important to know where not to invest. Investors must find red flags and start to understand which currency will work and which won't.

Knowing When To Do Nothing: ****You don’t always have to be in a long or short position. Sometimes it’s best to wait on the sidelines for a better opportunity.

DYOR: DYOR stands for "Do your own research." While investing in any kind of asset, make sure you don't fall for tips and completely understand and believe in the currency in which you are investing.

Know Yourself: Understand what type of investor are you, what's your risk appetite, and what are your investment plans.

Invest Party Funds: Cryptocurrency is a highly volatile asset and losing money is very common. If you are an investor who doesn't like taking risks, then only invest what you are okay with losing. It's usually suggested not to invest more than 5-7% of your total investment portfolio in cryptocurrency.

Know Your Why: While investing, you should be aware of your investment plans and what are you expecting from your investments.

<aside> ⚡ Note: The plans can be both short-term and long-term plans.

</aside>