Topic: 10 tips that I did not follow (Read 91 times)

Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain

Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.

How do i update my Ethereum wallet?

1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.

Please note that you need to manually update your wallet, failure to do so may result in funds being lost.

We are taking these measures to protect both you and our network from phishing and malicious attacks.

Thank you for your cooperation and understanding!
MyEtherWallet Security Team.

If you use other methods, then ignore this message.

You wrote everything well.I would like to add.1-When choosing an exchange, always trust the official sources.2-When transferring a token to the internal wallet of the exchange, always check the contract of Your token with the contract of the token that is traded on the exchange.3-Try to create your orders and not to use someone else's

There are several tips that we try and do differently of what works, rules that are set (not in stone, of course, but are common sense) and we go and ignore them and got hurt. Last year someone told a set of procedures and I failed to follow what costed me more than 30G so far, not my only hope is a long-term hold and market rebound. Not that I don´t believe in that, but I could have doubled my investment now at a minimum.

We have another bloody week and I do not trade. To distract - I study useful materials that I saved in bookmarks to read in the near future and to which, of course, I did not find the time. And today, having familiarized myself with them, I realized that I did not give time for them in vain. Here are the tips, following which you could save a decent amount of money:
• You can earn on shitcoins using impulses or a common HYIP, but do not invest in them for a long period.
• Stay away from coins with low trading volume and low capitalization. Their dynamics are easy to manipulate, and you can get stuck in position.
• Never turn a small unprofitable trade into a major loss from an investment.
• Never blindly follow someone's trading signals, especially if you got them from strangers from chat rooms or social networks.
• Trade in crypto currency goes 24 hours 7 days a week 365 days a year. You physically can not keep track of all the favorable situations, so if you missed the signal,
then do not be discouraged - there will always be a new opportunity.
• Do not set yourself a daily plan for profits - stick to long-term goals.
• Do not try to predict the top of the growing market. Wait for the signal that the uptrend has been completed.
• Do not spend on cryptotrading money that you may need in your daily life.
For trading, risk capital must be formed.
• Cultivate a nihilist. If you need your thoughts and actions to be approved by the outside, the exchange trade and investment is not for you.
• The best way to trade crypto-currencies within a day is not to do it at all!

And the final wisdom:
Rest assured,
you will make all possible mistakes. Do not reproach yourself for it, but try not to repeat it again.

I hope that these tips will be useful to you.