Plagiarsim
user:
Plan wellHere are some little pieces of advice about Bitcoin and cryptocurrencies:
1. Invest only what you can afford to lose
2. Don't put all your eggs in one basket (diversify your investments).
3. Do your own research_ (DYOR) before investing.
4. Stay up-to-date with market trends and news.
5. Use strong passwords and 2FA_ to protect your accounts.
6. Never share your private keys or personal information.
7. _Be cautious of unsolicited investment advice.
8. Don't invest in something you don't understand.
9. Have a long-term perspective (avoid quick profits and losses).
10. Keep your emotions in check (avoid impulsive decisions).
11. Use reputable exchanges and wallets.
12. Stay calm and patient (avoid impulsive decisions).
Remember, investing in cryptocurrencies carries risks, and you could lose some or all of your investment. Always prioritize caution and careful consideration.
Sources
https://www.binance.com/en/square/post/17010367 𝐂𝐨𝐦𝐦𝐨𝐧 𝐌𝐢𝐬𝐭𝐚𝐤𝐞𝐬 𝐓𝐨 𝐀𝐯𝐨𝐢𝐝 𝐖𝐡𝐞𝐧 𝐘𝐨𝐮 𝐒𝐭𝐚𝐫𝐭 𝐘𝐨𝐮𝐫 𝐂𝐫𝐲𝐩𝐭𝐨 𝐀𝐝𝐯𝐞𝐧𝐭𝐮𝐫𝐞 (#7 𝐈𝐬 𝐌𝐨𝐬𝐭 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭)
1. Don't invest more than you can afford to lose.
(Crypto/Web3 is rewarding and also risky!)
2. Do your research (DYOR) before you invest
(Vet any project before you invest in Crypto)
3. Don't FOMO in on any Crypto/Web3 project
(FOMO means: Fear Of Missing Out)
4. Don't keep your Cryptos on any exchange
(Best to use Hot/hardware wallet for safety)
5. Don't give your PRIVATE keys to anyone
(NOT even anyone called customer support)
6. Don't fall for "PnD" schemes in Crypto
(PnD = Pump & Dump projects on DEX/CEXs)
7. Be aware of phishing links/scams.
(If it seems too good to be true, maybe it is!)
BONUS:
- Don't put all your eggs in one basket.
(Best to diversify your portfolio to mitigate risk)
- Don't get emotional with your investments
(Sell & Take profits when you feel like it!)
Note: Binance is a trusted exchange with proof of funds, your funds are always SAFU.
(SAFU = Funds Are Safe)
https://www.linkedin.com/posts/petrovicgeorge_bitcoin-cryptocurrency-crypto-activity-7189015644405714945-f1aq🚨What are the 10 #bitcoin commandments?
Here are few:
1️⃣ Thou shell not … lets work on this together
I present the Ten Commandments of #cryptocurrency: (add more in comments 👇🏻 below)
1) Not your keys, not your #crypto. This means that if you don't control the private keys to your cryptocurrency, then you don't really own it. Always keep your keys safe and secure.
2) Do your own research (DYOR). Don't rely solely on others for information about a cryptocurrency project. Conduct your own research to understand the potential risks and rewards.
3) Never invest more than you can afford to lose. Cryptocurrency is a highly volatile and speculative market, and you should never invest more #money than you can afford to lose.
4) Keep your crypto safe and secure. Use hardware wallets, strong passwords, and two-factor authentication to keep your crypto safe from theft or hacking.
5) Be mindful of scams. There are many scams in the crypto world, such as fake ICOs, phishing scams, and Ponzi schemes. Be cautious and always verify the legitimacy of a project before #investing.
6) Diversify your portfolio. Don't put all your eggs in one basket. Diversify your portfolio by investing in a variety of #wcryptocurrencies to spread out your risk.
7) Keep emotions in check. Cryptocurrency markets can be extremely emotional and volatile. Don't make decisions based solely on fear or greed.
Don't panic sell. Crypto markets can be highly volatile, and prices can fluctuate rapidly. Don't panic and sell off your holdings during a downturn. Be patient and hold on for the long term.
9) Stay up to date. The crypto world is constantly evolving, with new projects, technologies, and regulations emerging all the time. Stay informed and stay up to date with the latest developments.
10) Educate others. Spread the word about cryptocurrency and help educate others about the potential benefits and risks. Share your knowledge and experience to help others make informed decisions.