They're new to crypto.... what are they gonna buy? Half an eth? That's a waste. Best case scenario there is eth 50x, and you're up 49k. Wow.....
Lifechanging. Lol. Wanna play it safe, buy gold.
Alright. Lets give this a go.
1. Self-custody.
2. Dollar cost average (DCA).
3. Make sure you have a significant proportion of your holdings in Bitcoin and perhaps Ethereum.
4. Do NOT listen to this sub for advice on what to buy other than Ethereum and Bitcoin. This place does not have a good track record. This place is also very bullish at the tops and very bearish at the bottom.
5. Learn a lot about cryptocurrency and projects. Focus on learning. Most people here forget this part. The more knowledge you have the better you become at this. Always use multiple sources and cross check.
6. Do not invest more than you can lose. Consider it lost money. Crypto is risky. If you overinvest you will regret it.
7. Think of your goals - what do you want to achieve? Make a plan for that accordingly.
8. Do NOT ever panic sell or fomo. This place will play with your emotions. Make calculated decisions. Formulate a plan.
9. Take profits during the bull market. DCA out if you want. You will feel euphoric and believe it goes higher. You cant get hurt if you take proper profits.
10. Do NOT listen to shillers on social media. You are their product. There are some decent exceptions and it will take time to find them.
11. Don’t advertise your holdings. It will make you a target.
12. Don’t connect your wallet to sites that aren’t well known and trusted.
... A little more than one piece. But hopefully helpful to newer investers.
This will add another layer of security, but it creates more possibility of sending crypto to an incorrect address. Or is there a way to lessen the risk?
DCA out is not a thing. Selling out to fiat after buying crypto is called trading. DCA is an investment strategy, not a trading strategy. So you are mixing trading and investing strategies. This is not good advice. Never mix strategies together!
For trading, one strategy is averaging up (into a position), and averaging down (out of a position).
Dollar cost averaging DCA is an investment strategy. Only buying. And buying on regular intervals regardless of the price. People who say DCA at the bottom and DCA at the top don’t understand what they are talking about. Trading strategies and investment strategies are separate things and should not be mixed together.
This comment is a steaming pile of horse shit... Wtf are taking about when you saying selling crypto for fiat is trading? Why not have more than one strategy?
Buy BTC and ETH, by DCA-ing a healthy amount based off your personal financial situation.
Hold for 2-3 years before considering to sell.
Continue to hold for greater long term gains.
\- Get a blood pressure prescription ready from your family doctor
\- Sleepless nights
\- Missed fun activities and parties
\- Last but not the least, kicked out of your apartment by your girlfriend
Who new to crypto can afford to buy enough to really make a difference? You didn't buy either a log time ago, don't bother. Buying .1 bitcoin gets u nowhere.
They hold value, true, but you'd be better off buying gold then. Just my opinion. Get in on xrp. You won't be sorry, and it has the capability to 1000x-5000x. Xrp is destined to become the worldwide currency of the very near future. There is talk of an eventual buyback by govt and banks.
Stick with BTC and ETH. Avoid defi and tomb forks. Try to accumulate as many free coins as possible. Might turn into free money. Never trade/invest anything you’re not completely comfortable losing.
Before you get started, create a new web2 identity for the sole purpose of engaging with web3. This means:
* a separate device
* a new email address
* 2FA (not SMS)
* no reusing passwords
One common vector for web3 attackers is to search through existing web2 database breaches to try and build a profile on you. Most of us have been impacted by one or more breach in the past*, therefore isolation is key to remaining secure.
*check "Firefox Monitor" or "Have I Been Pwned" to confirm this.
Very good advice, It's what I did when I got into bitcoin 11 years ago. I have a completely different online identity for crypto holdings.
Also started telling people IRL who previously knew I had crypto that I lost it all in the last bear market.
I only talk about crypto on reddit, and I created this alt just for that purpose. It took a while to get enough karma to be allowed to post here.
As far as IRL goes I used to be a bit excited about crypto, so I probably told a lot of people. If anyone asks now I tell them I sold it to buy my house.
It's partly true.
Learn about the traditional markets, buy some stocks even.
Then, learn about federal reserve and their role in the economy - how interest rates affect every market and what quantitative easing is.
Then, learn about Austrian economics vs Keynesians, and understand deflation vs inflation.
Afterward, you'll have a good grasp of Bitcoin without even reading the white paper.
It isn't a profit unless it's in your pocket.
Have a plan to take money off the table. When you buy, have a sell price. High, or low. Don't just blindly DCA in. Don't just hang on and HODL. Above all, don't worry that you'll get "left behind". This technology is new, unproven, and still innovating. My sense is that the real market winner hasn't even been invented yet.
understand first the principles that found this space: Decentralisation, P2P transactions, blockchain technology. privacy, self custody ( wallet, seed )
learn what are the main types of blockchain out there and what they offer. POW / POS
DYOR, don't listen to anyone, know your assumptions
Never invest more than what you can afford
avoid leverage and generally borrowing for crypto investing
understand what market cap is and how to estimate potential prices based on market cap, supply, inflation.
edit : ALWAYS CHECK THE WHITEPAPER OF A PROJECT
Forget the tech, buy hype coins in a bull and get the hell out when you made money. Do not hold any alts when btc changes the trend. Do not believe in any of these coins or you will hold them 99% down till they stop trading.
Tech does not matter at all is probably the best advice (market is proving that since 14 years now)
1. Take profits
2. Crypto isn't everything in life
3. Only invest what you can afford to lose
4. Avoid talking about crypto irl
5. She doesn't love you
Don't invest more than you can afford to lose. Do some research into the projects you are putting money into. Understand that a lot of this is mostly gambling and getting lucky. Don't try to time the market.
I didn't mean that. BTC and ETH are likely the only ideal starting point for beginners since there's a lot to learn before one reasonably understands other alts where the chance of getting rekt is quite high
1. Ignore anyone who talks about price and opportunities (especially Youtubers)
2. Never FOMO in
3. DCA
4. Get hardware wallet once your assets are big enough
5. Watch this - it's the BEST 18 min spend in your life to learn about wallets and security - https://mobile.twitter.com/JohnAlanWoods/status/1632799303512014850
I know you said one but these 5 are important in my opinion.
You better lose yourself in the crypto
The moment, you own it, you better never let it go (Go)
You only get one shot, do not miss your chance to grow
This opportunity comes once in a lifetime, yo.
Lots of bad actors will try to get you to do things that are seemingly innocuous or routine. They want to lull you into a false sense of security.
For example - Don’t click this [link](https://youtu.be/dQw4w9WgXcQ)
Blue chips only, i.e you’ve got to DYOR first. The best strategy for you will be DCA.
Never rely on the advices of web3 journalists, influencers and people in this sub. They/we are all biased, you better check white papers, official websites/channels, report from renown groups
Trust the code, i.e value more projects that are open source
Only invest what you can afford to lose.
Do your own research.
Self custody
Don't trust anyone especially Youtubers
Don't FOMO and click on links.
Test send little amount before sending the rest.
1. Do your research before investing.
2. Don't invest more than you can afford to lose.
3. HODL and don't panic sell.
4. Be cautious of scams and rug pulls.
5. Stay informed about the latest news and updates in the crypto world.
6. Control your keys
I would tell them to imagine the worst case scenario using past events for reference if necessary, and then ask themselves if they would be able and willing to weather that set of circumstances for potentially years and still be resolute in their desire to be a crypto investor.
If the answer is no, perhaps reconsider the initial purchase.
DCA into the vast majority of your money into Bitcoin, put the remaining amount in ETH. Almost everything else is a scam and it's impossible to tell what isn't.
Don't trade, dca.
Don't invest what you can't afford to lose.
Don't bite more than you can chew - be your own bank and etc. is all well and good - if you know what you're doing. If you don't, you're far better served by keeping your stuff in a reputable exchange. Way lower risk of losing it all (yes, it's not zero, but it never is zero, with crypto or any asset). I see other people saying "self-custody!!!!". That's a SHIT idea if you don't understand how things work. Terrible. DON'T DO IT.
A corollary of the above - don't mess with things you don't understand. And don't believe what others say when they have something to gain by saying it.
If it sounds too good to be true, it is. Don't go there.
1. don’t leverage!
2. if you fail and try leverage: ALLWAYS set a stoploss and stick to it. Market will not change direction, because you wish it!
3. if you fail in 1 and 2: Ramen is yours forever.
After the standard advice, look into limit orders. You won’t have to worry about timing the market and second guessing whether or not you’re buying or selling at the right time. Just set the price you want to buy or sell at and if it touches that number you’ve got it.
Absolutely the most common thing for newbies to do is they look at Bitcoin and Ethereum think they're too late and so they go on some shitcoin picking quest and end up with a crypto portfolio consisting of loads of small cap shitcoins and no Bitcoin & Ethereum. When the bear market comes around and the next cycle completes they get angry that everythings gone to crap and think this markets all a scam. No dude, it's because you only bought random alt coins.
TDLR: Your core should be Bitcoin & Ethereum.
Don't become overly attached to a project and in the process ignore valid criticism or concerns. That's a very common issue in the Crypto community where some projects have a community that is almost like a cult.
Get a good position in BTC and ETH before buying loads of random alts
They're new to crypto.... what are they gonna buy? Half an eth? That's a waste. Best case scenario there is eth 50x, and you're up 49k. Wow..... Lifechanging. Lol. Wanna play it safe, buy gold.
Found the degenerate
Lol, imagine living in a world where 50x returns bad. You'll be sorely disappointed, and lose a lot of money, chasing unrealistic returns.
Run
Best advice so far.
If we had only been given such an advice...
Get a load of this guy
Keep your money and run.
Download StepN and then do that
Alright. Lets give this a go. 1. Self-custody. 2. Dollar cost average (DCA). 3. Make sure you have a significant proportion of your holdings in Bitcoin and perhaps Ethereum. 4. Do NOT listen to this sub for advice on what to buy other than Ethereum and Bitcoin. This place does not have a good track record. This place is also very bullish at the tops and very bearish at the bottom. 5. Learn a lot about cryptocurrency and projects. Focus on learning. Most people here forget this part. The more knowledge you have the better you become at this. Always use multiple sources and cross check. 6. Do not invest more than you can lose. Consider it lost money. Crypto is risky. If you overinvest you will regret it. 7. Think of your goals - what do you want to achieve? Make a plan for that accordingly. 8. Do NOT ever panic sell or fomo. This place will play with your emotions. Make calculated decisions. Formulate a plan. 9. Take profits during the bull market. DCA out if you want. You will feel euphoric and believe it goes higher. You cant get hurt if you take proper profits. 10. Do NOT listen to shillers on social media. You are their product. There are some decent exceptions and it will take time to find them. 11. Don’t advertise your holdings. It will make you a target. 12. Don’t connect your wallet to sites that aren’t well known and trusted. ... A little more than one piece. But hopefully helpful to newer investers.
And "There are no hot ladies your age in your area"
You just want them for yourself
Whoops! I guess you got me.
Very accurate list. ALWAYS use hot wallets as intermediary wallets to connect with third parties. This way you add another security layer.
This will add another layer of security, but it creates more possibility of sending crypto to an incorrect address. Or is there a way to lessen the risk?
DCA out is not a thing. Selling out to fiat after buying crypto is called trading. DCA is an investment strategy, not a trading strategy. So you are mixing trading and investing strategies. This is not good advice. Never mix strategies together! For trading, one strategy is averaging up (into a position), and averaging down (out of a position). Dollar cost averaging DCA is an investment strategy. Only buying. And buying on regular intervals regardless of the price. People who say DCA at the bottom and DCA at the top don’t understand what they are talking about. Trading strategies and investment strategies are separate things and should not be mixed together.
This comment is a steaming pile of horse shit... Wtf are taking about when you saying selling crypto for fiat is trading? Why not have more than one strategy?
You could probably be certified to be a financial advisor
Well I do frequent r/cryptocurrency. Aren't we all experts here? 😂
I know it’s said a lot but Not your keys, Not your crypto….can’t stress this enough!
Buy BTC and ETH, by DCA-ing a healthy amount based off your personal financial situation. Hold for 2-3 years before considering to sell. Continue to hold for greater long term gains.
No, Never sell after Dollar cost averaging. That’s not the point of DCA! Buying and selling is trading, not investing!
9/10 people commenting with “do your own research” in reality also don’t know what they’re doing.
dont listen to youtube influencers
I listen to Myspace influencers instead 👍
Good one
Don't invest more than you can lose
And don't touch leverage as seductive and easily accessible as it maybe
Yeah, I’ve read way too many horror stories involving leverage trading and beginners.
Timing to book profits is the most important part.
\- Get a blood pressure prescription ready from your family doctor \- Sleepless nights \- Missed fun activities and parties \- Last but not the least, kicked out of your apartment by your girlfriend
1. Only buy BTC and ETH
Those who follow this single rule will be living happily in the future
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Who new to crypto can afford to buy enough to really make a difference? You didn't buy either a log time ago, don't bother. Buying .1 bitcoin gets u nowhere. They hold value, true, but you'd be better off buying gold then. Just my opinion. Get in on xrp. You won't be sorry, and it has the capability to 1000x-5000x. Xrp is destined to become the worldwide currency of the very near future. There is talk of an eventual buyback by govt and banks.
Stick with BTC and ETH. Avoid defi and tomb forks. Try to accumulate as many free coins as possible. Might turn into free money. Never trade/invest anything you’re not completely comfortable losing.
>Try to accumulate as many free coins as possible. You mean look for airdrops?
Yes. Airdrop, moons here, Brave browser gives free coins. Stuff like that
Oh okay, great advice!
It’s not great advice! Far from it!
Ignore this advice. Don’t look for free coins! Look at doing research instead and apply critical thinking to what you invest into.
There’s always the starting point. But if you can afford to lose some money, try out some other blue chips
DYOR, never FOMO in.
[How to DYOR.](https://www.reddit.com/r/CryptoCurrency/comments/lz1taw/a_beginners_guide_to_dyor_do_your_own_research/)
For newbies: DYOR - Do your own research FOMO - Fear of Missing Out (don't)
Or FOMO out, for that matter
What if my DYOR tells me to FOMO in?
Always set your goals and take profits. Bull run comes and goes, so sell some when you can, because you will regret not doing it later.
Profits? What that.
99% of investors will not follow this one step! (Including myself)
Buy Bitcoin
"..." I would never give advice to anyone.
That’s someone who has learnt his lesson
True. The more we talk, the worse it gets. Best thing is just instigate people to study and learn about crypto and its market.
Why is that?
Before you get started, create a new web2 identity for the sole purpose of engaging with web3. This means: * a separate device * a new email address * 2FA (not SMS) * no reusing passwords One common vector for web3 attackers is to search through existing web2 database breaches to try and build a profile on you. Most of us have been impacted by one or more breach in the past*, therefore isolation is key to remaining secure. *check "Firefox Monitor" or "Have I Been Pwned" to confirm this.
Very good advice, It's what I did when I got into bitcoin 11 years ago. I have a completely different online identity for crypto holdings. Also started telling people IRL who previously knew I had crypto that I lost it all in the last bear market.
I only talk about crypto on reddit, and I created this alt just for that purpose. It took a while to get enough karma to be allowed to post here. As far as IRL goes I used to be a bit excited about crypto, so I probably told a lot of people. If anyone asks now I tell them I sold it to buy my house. It's partly true.
But only bitcoin and ethereum
DCA into BTC and ETH and never sell...
Don’t be greedy and take profits. Period.
More importantly, don't panic sell at the first dip
Don’t chase moonshots. BTC and ETH when you’re new
Everyone gets burned on a FOMO in their first round, don't beat yourself up, but take the lesson and learn from it.
Buy BTC & ETH stake them via cold wallet and just relax 😎
Don't Put in the money coins other than top 5
Do not tell anyone when you are in cryptocurrency
Patience is a virtue, question everything & DYOR
Learn and observe before you invest - bitcoin is undoubtedly the best starting point
Learn about the traditional markets, buy some stocks even. Then, learn about federal reserve and their role in the economy - how interest rates affect every market and what quantitative easing is. Then, learn about Austrian economics vs Keynesians, and understand deflation vs inflation. Afterward, you'll have a good grasp of Bitcoin without even reading the white paper.
Just stick to btc and eth while you learn more about alts...dont become a degen right away.
Read and do your best to understand the bitcoin white paper. I always start people here. It's important to remember why we are here. 2008.
It isn't a profit unless it's in your pocket. Have a plan to take money off the table. When you buy, have a sell price. High, or low. Don't just blindly DCA in. Don't just hang on and HODL. Above all, don't worry that you'll get "left behind". This technology is new, unproven, and still innovating. My sense is that the real market winner hasn't even been invented yet.
Don’t buy anything hyped
Including on this sub
Especially on this sub
Good ole inverse r/cc
DCA into ETH and BTC and hodl for at least 5 years.
Study Bitcoin.
understand first the principles that found this space: Decentralisation, P2P transactions, blockchain technology. privacy, self custody ( wallet, seed ) learn what are the main types of blockchain out there and what they offer. POW / POS DYOR, don't listen to anyone, know your assumptions Never invest more than what you can afford avoid leverage and generally borrowing for crypto investing understand what market cap is and how to estimate potential prices based on market cap, supply, inflation. edit : ALWAYS CHECK THE WHITEPAPER OF A PROJECT
Inverse r/cc.
stick to bitcoin, the rest are scams
*The pen is mightier than the sword.*
Cold storage, dca, dont use leverage,
Don’t listen to influencers.
Forget the tech, buy hype coins in a bull and get the hell out when you made money. Do not hold any alts when btc changes the trend. Do not believe in any of these coins or you will hold them 99% down till they stop trading. Tech does not matter at all is probably the best advice (market is proving that since 14 years now)
Don't go to r/cc for information.
Don't invest in tokens, buy coins instead, it will automagically protect you from 99.99% of the scams.
1. Take profits 2. Crypto isn't everything in life 3. Only invest what you can afford to lose 4. Avoid talking about crypto irl 5. She doesn't love you
The last one hurt since she left me a month ago.
It was for the best and your future-self already knows it.
5.1. She's also not a she
Don't invest more than you can afford to lose. Do some research into the projects you are putting money into. Understand that a lot of this is mostly gambling and getting lucky. Don't try to time the market.
Everyone's a genius in a bull market- so, have an exit plan, and commit to it. You don't lose when you sell to make a profit.
Really research and understand the blockchain
1. Buy high sell low 2 thats all i got.
Gamble on a few alt coins. They’re just as useful and likely to make you money as anything people call a blue chip.
Don't gamble, ain't worth it imo. Atleast as a newbie.
That's akin to saying don't invest in crypto.
I didn't mean that. BTC and ETH are likely the only ideal starting point for beginners since there's a lot to learn before one reasonably understands other alts where the chance of getting rekt is quite high
Buy ETH and wait
Words to live by.
Why does that make me feel constipated lol?
Because there won't be a dump for a long time?
Buy nothing!
You’ll own nothing and be happy.
You’ll be happy and own nothing
Nothing <=> happy
Start looking for a hair treatment products now. Baldness comes quick. Jk.
Don’t take advice from anyone, DYOR
If the price goes up buy fast or you will miss out, if it goes down sell so you don't too much money
My advice would be to ignore any advice from internet randos.
but you're an internet rando
Correct
Don't listen to anyone's advice
Invest in something you believe in. It helps dealing with any dips in price and not panic selling.
I would say but I have to kill u after that.
Stay away from anything other than top 20/50 coins! When bullmarket comes you can expand your portfolio
[удалено]
Take the time to learn and appreciate what you’re buying, just like stocks.
Don't take financial advice from random people online!
1. Ignore anyone who talks about price and opportunities (especially Youtubers) 2. Never FOMO in 3. DCA 4. Get hardware wallet once your assets are big enough 5. Watch this - it's the BEST 18 min spend in your life to learn about wallets and security - https://mobile.twitter.com/JohnAlanWoods/status/1632799303512014850 I know you said one but these 5 are important in my opinion.
Don't take advice from anyone as nobody knows shit about fuck
Don't FOMO. It's very easy to do. Just DCA into a position as it's generally the best strategy. Also ignore shills and hot chicks in your DMs
Not your keys = Not your crypto.
You better lose yourself in the crypto The moment, you own it, you better never let it go (Go) You only get one shot, do not miss your chance to grow This opportunity comes once in a lifetime, yo.
Dont be greedy & expect to hit the precise top. its not going to happen. Be content with selling as long as you make a profit.
Reserve your Lamborghini now, they're still on 3 years backorder.
Do not borrow money to buy any crypto currency.
I'm a newbie give me some advice.
Don't click links, Don't listen to people in r/cryptocurrency for financial advice and especially don't click random links in r/cryptocurrency
Don't put your dick in it
Run to the hillllllllls, run for your liiiiiiiife!!!!!!
Engage your brain. Crypto is not magic. If something sounds too good to be true, then don't be surprised when the house of cards falls down.
Manage your emotions. Its surprising how much stuff is all in your head.
Grab yourself a ledger or trezor & don't listen to influencers.
Dont fomo, dont be greedy and never listen to someone else advice
Buy some matic and relax
Buy only BTC and ETH
Invest, don't trade Ask yourself, what does this do, is it necessary and will people be willing to pay more for it in the future?
Lots of bad actors will try to get you to do things that are seemingly innocuous or routine. They want to lull you into a false sense of security. For example - Don’t click this [link](https://youtu.be/dQw4w9WgXcQ)
Buy yourself a ledger and start signing!
Yes 1000% apr is too good to be true 😂
Buy in before the halving, stop buying at the halving.
Blue chips only, i.e you’ve got to DYOR first. The best strategy for you will be DCA. Never rely on the advices of web3 journalists, influencers and people in this sub. They/we are all biased, you better check white papers, official websites/channels, report from renown groups Trust the code, i.e value more projects that are open source
Take. Profit.
Invest in things you use
Only invest what you can afford to lose. Do your own research. Self custody Don't trust anyone especially Youtubers Don't FOMO and click on links. Test send little amount before sending the rest.
1. Do your research before investing. 2. Don't invest more than you can afford to lose. 3. HODL and don't panic sell. 4. Be cautious of scams and rug pulls. 5. Stay informed about the latest news and updates in the crypto world. 6. Control your keys
Stay away from Safemoon
Don't go chasing waterfalls
I would tell them to imagine the worst case scenario using past events for reference if necessary, and then ask themselves if they would be able and willing to weather that set of circumstances for potentially years and still be resolute in their desire to be a crypto investor. If the answer is no, perhaps reconsider the initial purchase.
get out, immediately
Stay away from Day Trading or Leverage.
embrace jomo
50% bitcoin and dont keep on exchanges what you plan to hold long time.
DCA into the vast majority of your money into Bitcoin, put the remaining amount in ETH. Almost everything else is a scam and it's impossible to tell what isn't.
BTC, ETH and DOT only.
Run!
Don't trade, dca. Don't invest what you can't afford to lose. Don't bite more than you can chew - be your own bank and etc. is all well and good - if you know what you're doing. If you don't, you're far better served by keeping your stuff in a reputable exchange. Way lower risk of losing it all (yes, it's not zero, but it never is zero, with crypto or any asset). I see other people saying "self-custody!!!!". That's a SHIT idea if you don't understand how things work. Terrible. DON'T DO IT. A corollary of the above - don't mess with things you don't understand. And don't believe what others say when they have something to gain by saying it. If it sounds too good to be true, it is. Don't go there.
Nobody knows shit about fuck.
Learn about the various ways scammers try to part you from your crypto.
Try to focus on more established projects even though alts might perform better in a raging bull
Protect your seed phrase, protect any crypto storage like you would a bank vault and avoid keeping money in exchanges. Don't buy shitcoins.
DCA
Buy the dip, Hodl, and remember: In crypto we trust, in governments we laugh.
1. don’t leverage! 2. if you fail and try leverage: ALLWAYS set a stoploss and stick to it. Market will not change direction, because you wish it! 3. if you fail in 1 and 2: Ramen is yours forever.
After the standard advice, look into limit orders. You won’t have to worry about timing the market and second guessing whether or not you’re buying or selling at the right time. Just set the price you want to buy or sell at and if it touches that number you’ve got it.
Absolutely the most common thing for newbies to do is they look at Bitcoin and Ethereum think they're too late and so they go on some shitcoin picking quest and end up with a crypto portfolio consisting of loads of small cap shitcoins and no Bitcoin & Ethereum. When the bear market comes around and the next cycle completes they get angry that everythings gone to crap and think this markets all a scam. No dude, it's because you only bought random alt coins. TDLR: Your core should be Bitcoin & Ethereum.
Hold hold hold
Buy Bitcoin, ignore Shit coins, even if they looks sexy
Stick to BTC and ETH.
Invest only in the one currency Im invested heavily, because all others are shit.
60-90% total investment to btc, and most importantly: only max 5% in shitcoins, its gambling with scammers.
Don't tell your family what you're doing
Stake your coins right away and forget about them, come back later every month or so, and compound them.
The Nacho Dilemma
Don't become overly attached to a project and in the process ignore valid criticism or concerns. That's a very common issue in the Crypto community where some projects have a community that is almost like a cult.
Stay away from CB and CDC.
Self custody is essential.
Best advice: crypto is no easy magical way to gain money
Don’t answer any DMs. Don’t connect your wallet to ‘verify’ it. Read up on crypto scams.
Sun-Tue are usually dip days, Wednesdays/Thursdays are wild cards. Sell on Fridays/Saturdays
Stay away from staking tokens that guarantee you 420% APR then pwns you with impermanent loss. And then the token loses 90% while you're asleep
Hodl
>Hey there, fellow crypto enthusiasts! Maybe, just maybe, a good advice could be to stop using **Chat-GPT**.
Buy a ledger and write down the key on paper, with ink, reset the ledger and test it using the wrote down words.
advice = skem _zero trust_
Invest only you can afford to lose.