What's one piece of advice about #crypto you learned the hard way that you'd offer a newcomer?
Do not marry yourself to ANY coin
Set stop losses
Handle risk carefully
Get off CT immediately
Get out while you still can if you value having a social life and a consistent sleep schedule.
Dont overtrade
Dont fall in love with a coin
Dont hold 1 bad trade against a coin
Dont follow the herd, listen and then do your own diligence
Be willing to lose
Dont get discouraged
Believe in bitcoin
It pretty much doesn't matter which coin you hold
Don’t buy alts. Just be wise and stick to #Bitcoin
Dollar cost average and make Bitcoin a small part of a long term portfolio. Don't watch price.
If a coin's price goes up exponentially in a short amount of time, it will also eventually retrace very deeply and fast. Lock your gains.
1. If sending to a new address for the 1st time start off with a small test amount then send the rest. 2. Dont keep ur #crypto on exchanges unless ur trading 3. If anyone asks u to send #crypto to them 1st & promises u that u will receive more in return its is a scam!!
Short Resistance and Long Support can be a simple yet effective strategy. Seems basic but people constantly get this wrong.
Learn support and resistance. And a few candlestick patterns.
Always do your own research.
Always write your keys down. Do it now, not in a little bit...
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