Things to remember for the year 2023

Ndabagi01

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Quote from: tech30338 on December 30, 2022, 10:02:40 AM

Study coins your about to get, to avoid disappointment

feel free to add your suggestions to help our new members who are still newbies in crypto

The only thing and advise I see people given here is that you should only invest in bitcoin as every other coin are regarded as altcoin. Build your knowledge of the bitcoin before one jump into it and starts investing.

lalabotax

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Quote from: tech30338 on December 30, 2022, 10:02:40 AM

What are the things to remember and should not do in the coming year 2023?

Avoid clicking unknown emails advertising coin and rewards

This always happens every year but people are still making some mistakes by clicking them and ending as phishing sites that will influence the loss of your assets.

Quote from: tech30338 on December 30, 2022, 10:02:40 AM

if you are not good in trading always trade with caution

I think that we are better off if we don't trade if we are not good at trading. We can start by learning first and preparing ourselves to understand more about trading. Then leaning by doing for trading with small amount nad greater by experiences and skills.

Cookdata

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Quote from: tech30338 on December 30, 2022, 10:02:40 AM

Don't forget to blacklist those people who got opportunity during the bull market pumps in some projects and claim to be an experts, those people are lucky enough to take the smart money inflow and get out on time but they don't know much in depth of the market. The real successful OG are the guys that make a lot of money during the bull market and the guys who stay behind to stack up some coins again during the bear market over and over again, they have the best experience to learn crypto and it's characteristics.

Gozie51

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Quote from: BinarySumo on January 06, 2023, 02:21:32 AM

Thanks for these tips! Another one I would like to add is patience. We need this more than ever. Do not make any hasty decisions and do not run after any “attractive” schemes. Stay alert and keep holding.

Yes patients is a virtual and important to adopt for the year because some people may think that they didn't achieve their purpose for last year and want to do sorts of illegal business to meet up but this is not the way so that to avoid getting into trouble with government or other people. We need to take precautions on certain things we want to do this year, no haste in life, take your time and move in the paste you can and have strength.

CryptoHeadlineNews

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Quote from: tech30338 on December 30, 2022, 10:02:40 AM

Study coins your about to get, to avoid disappointment

On the very point, I will like make some comment that no need to study any other coin whatsoever, since altcoins are always known to disappoint due to it's high rate of volatility in long term. So my suggestion in 2023 will be for you to just jump into investing in Bitcoin (the mother of all cryptocurrencies), while storing it in a cold wallet for security, as Bitcoin have always proven to be the best coin when it comes to long term investment.

Rockstarguy

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Quote from: BinarySumo on January 06, 2023, 02:21:32 AM

Thanks for these tips! Another one I would like to add is patience. We need this more than ever. Do not make any hasty decisions and do not run after any “attractive” schemes. Stay alert and keep holding.

Patience should be a habit investors and trader must learn how to practice at all time , no one knows how the market will be in the future. But however the market becomes in the future, with patients it is possible to overcome fears of the market to not be panic but still hodling. In times past so many traders and investors loose focus because of fear of the market. Patients is the power of every investors in crypto, patients is the reason why one is able to hodl bitcoin.

BinarySumo

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Thanks for these tips! Another one I would like to add is patience. We need this more than ever. Do not make any hasty decisions and do not run after any “attractive” schemes. Stay alert and keep holding.

harapan

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The fact that people are developers or intelligent in Bitcoin and Cryptocurrencies doesn't mean they can never fall prey for those scammers out there, the advice here is that everyone should be updated on his/her security tips and measures.

Avoid the Usage of exchange ones again, it can be used for buying and selling bitcoin but no sane person in the right senses would do that after the recent FTX happenings.

If you are depressed go see your love one's and talk to people who care. The rate of internet fraud or bitcoin fraud cannot lead to it's downfall. They are some I find one should remember.

lovesmayfamilis

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What should be adhered to and always remembered is that we should never be sure that we know everything. No matter how old we are, we must never stop learning. Monitoring all relevant news to our activities and determining the truth and falsehood from all information will bear fruit and build our experience. Maybe, in 2023, there will be new things and discoveries that we might not have guessed about before. Let's always be "sober" so we don't fall for any new scam that's being widely advertised somewhere on social media. Because it is extremely dangerous to trust someone on social media. But that's where so many gullible people hang out these days.

Cryptomultiplier

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My advise as tips to remember come 2023 is this;
Trust your instincts more than you trust another man.
It is always better to stick to what you know, if you want to improve, do so without making noise about it.
When it comes to investing, always do it first, before any other expenses is made.
Investment in bitcoin is better than trying out new shit coins.

These and some more make up things to remember for the year 2023. Compliments of the season all.

fortunecrypto

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My one and only advice and things to remember come 2023 is to have faith in Bitcoin and the blockchain and remember as of this point in time Bitcoin Bitcoin has died 467 times but still manage to get up and continue to progress in terms of adoption and advancement.
So all the FUDS that you will encounter this 2023 will all be recorded and become a memory after a few months.

hugeblack

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We can give hundreds of tips but it will be a dead letter unless it is implemented realistically. Words are easy, but actions are harder.
For example, it is easy to say, follow an experienced person, but what do you mean by experience?
Most of us tend to believe in food on social media, and therefore it is easy to influence us if we decide to follow a trader with me.

boyptc

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Quote from: tech30338 on December 30, 2022, 10:02:40 AM

Learn from past mistakes

Like from those hypes that has been made in the market that had made a lot of folks turn into FOMO.

That's not really a good feeling when you're on this aggressive market. You react just like the crowd, only a less chance that you'll be profiting unless you really are good at it.

The more chance that you'll lose is there and that can't be denied. One more thing, after learning, apply the lessons that you've learned.

Zilon

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Quote from: tech30338 on December 30, 2022, 10:02:40 AM

feel free to add your suggestions to help our new members who are still newbies in crypto

Never buy at a high price
know when to stay away from trading
Having a working plan for both portfolio and trading
Never invest in a project because someone recommended them remember to do your own research

2023 will be another year in the Crypto world and a year to be smarter and wiser with investment. If as a newbie investment still look strange stick to Bitcoin until enough knowledge is gathered to face the risk in the market

Lucius

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Quote from: tech30338 on December 30, 2022, 10:02:40 AM

Avoid clicking unknown emails advertising coin and rewards

This does not only apply to links in e-mails, but also to any suspicious link shared via social networks, whether it is a link posted publicly or sent to you privately. In addition, e-mail for private, business, and entertainment should be separate and each protected with a unique and strong password.

Quote from: tech30338 on December 30, 2022, 10:02:40 AM

Don't invest in shitcoins with false hope

Even better, why not invest in such things at all, because we all know that 99% of such projects have no purpose or meaning. By investing in them, we only fill the pockets of their owners, who will dump their coins at the first opportunity and start over with some new project.

Quote from: tech30338 on December 30, 2022, 10:02:40 AM

feel free to add your suggestions to help our new members who are still newbies in crypto

Cryptocurrencies are not magical internet money that will make you rich overnight, and everything you hear and see from various "experts" and influencers is nothing more than a smoke screen that tries to keep you away from the real truth. 95% of those who trade with cryptocurrencies end up losing money, 99% of all crypto projects are scams, and if someone doesn't understand after this, then they are really in big trouble.

Alone055

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Quote from: Solosanz on December 31, 2022, 01:12:41 AM

Quote from: Alone055 on December 30, 2022, 12:30:50 PM

- Never put all your eggs in one basket.

Whether a token/coin you are trading is new or old, always diversify your portfolio. Anything could happen at anytime in crypto, and it has been proved a couple of times this year with Terra collapsing first, and then FTX hitting a tragic end. So, always trade with only a fraction of your capital, no matter what you are trading.

Actually it's really a good idiom for investment advice, but you're explain it in a terrible way.

If you think diversified coins will prevent from huge losses, then you're wrong because most of coins are following Bitcoin price, which mean if you hold ETH, BNB, XRP, etc etc it will either be same like BTC movement or worse than BTC.

If you're want to invest in crypto, just choose Bitcoin and avoid the rest. If you want to diversify your portfolio, you can choose other assets e.g. gold, real estate, stock etc.

Volatility, whether with Bitcoin or apart from it, is not a problem at all as it is a part of trading and there is no gain if there is no volatility. The real problem is when a coin reaches a dead-end and almost never gets back to the position where it once was (I gave a couple of examples above). So basically, my advice was not to put all your capital in one coin/token so that even if one of those you're invested in ends badly, you will still not lose all your capital. Bitcoin as we all know is the king of cryptocurrencies, so there is no doubt that it is the first and foremost option if you are getting into crypto, but there is a whole different world apart from it which is also worth trying.

Getmon

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Another opportunity for us to make resolutions for the new year. I already know everything on the list. However, the only thing I need to focus on changing next year is not to be tempted by bitcoin-alternative coins. I'm not completely avoiding investing in altcoins, but I should set some limitations. Perhaps under $1,000 per enticing altcoin. I suppose that being a casino gambler influenced my willingness to take risks with altcoins.

Outhue

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Quote from: tech30338 on December 30, 2022, 10:02:40 AM

What are the things to remember and should not do in the coming year 2023?

Avoid clicking unknown emails advertising coin and rewards
Don't invest in shitcoins with false hope
if you are not good in trading always trade with caution
Study coins your about to get, to avoid disappointment
Learn from past mistakes
Follow someone who have experience and has best result, but also look at those who make mistakes because we can learn a lot from them

feel free to add your suggestions to help our new members who are still newbies in crypto

Trading needs caution even if you are a professional trader, now that the market in bearish its more harder to trade, for my I will start away from trading right now until good trend returns to crypto market.

Altcoins can still dip 50% more before things start balancing out, this has been altcoins way since 2018, if you want altcoins make sure you choose the best and gamble with few low-cap gems, the future is too uncertain.

Solosanz

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Quote from: Alone055 on December 30, 2022, 12:30:50 PM

- Never put all your eggs in one basket.

Whether a token/coin you are trading is new or old, always diversify your portfolio. Anything could happen at anytime in crypto, and it has been proved a couple of times this year with Terra collapsing first, and then FTX hitting a tragic end. So, always trade with only a fraction of your capital, no matter what you are trading.

Actually it's really a good idiom for investment advice, but you're explain it in a terrible way.

If you think diversified coins will prevent from huge losses, then you're wrong because most of coins are following Bitcoin price, which mean if you hold ETH, BNB, XRP, etc etc it will either be same like BTC movement or worse than BTC.

If you're want to invest in crypto, just choose Bitcoin and avoid the rest. If you want to diversify your portfolio, you can choose other assets e.g. gold, real estate, stock etc.

CageMabok

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Quote from: tech30338 on December 30, 2022, 10:02:40 AM

What are the things to remember and should not do in the coming year 2023?

Avoid clicking unknown emails advertising coin and rewards
Don't invest in shitcoins with false hope
if you are not good in trading always trade with caution
Study coins your about to get, to avoid disappointment
Learn from past mistakes
Follow someone who have experience and has best result, but also look at those who make mistakes because we can learn a lot from them

feel free to add your suggestions to help our new members who are still newbies in crypto

From the several points that you have stated, they are actually very good and also complete, so there is no more addition from me except just about not panicking too much and believing in news whose truth is still very doubtful. Hopefully in 2023 more positive things can happen in the crypto space which can make the market better

Congratulations on a better new year and hope for more surprises to come in the next year considering all the points you suggested, because I think these points are indeed worth considering from tomorrow onwards as long as we are still in the crypto space.

Topic: Things to remember for the year 2023 (Read 291 times)