Don’t take shortcuts and get rich quick instantly, you will only fall onto the hands of scammers and eventually lose all your money. Stick to the rules and follow the basic steps, slowly but surely.
Never gets tired on researching and learning everyday. Knowledge foundation and patience are the keys to success . It may not happen instantly, but with due diligence, everything is possible in the end. Just trust the process.
Topic: Your most important crypto advice? - page 2. (Read 847 times)
Do your own research is the best advice I can give to any newbie like me who is just starting not quite long. These days we find lost of misleading information and knowledge online, and the way they are being package, you'll receive them without knowing that they are just mere assumptions. There are several telegram channels that claim to have crypto predictions expert and you'll pay some amount of money to receive update on the latest launched and potential projects. Cmon guys, you can actually make these researches yourself and even come out with a good result, all you need is to study an pay more attention to the teaching in this forum.
Do thorough research yourself before investing. Additionally, avoid greed during trading and carefully evaluate the analyses and studies available in the market.
Aside doing thorough research which is a prerequisite before starting your crypto journey, I would also advise everyone to guard their wallet keys as if there life depends on it. Yes, there life actually depends on it because the assets shaped their future.
I have fallen victim twice and I know the implications of carelessness as regarding our keys. If you can not safeguard your keys, you are probably holding assets for another person. As Op stated, it’s not your coin if your keys are not well secured.
Do thorough research yourself before investing. Additionally, avoid greed during trading and carefully evaluate the analyses and studies available in the market.
What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.
Always be patient to verify before hitting the button: Never be in a hurry to take an action on any information you read on this space. Don't be the guinea pig to be used by others in the experiment of any new project that appears online, get patient, watch and wait till you hear from the experience of others about the project before jumping in. Stay cautious.Please share here and also add a short comment why it is your most important crypto advice.
Don't live on the assumption that a site is correct and genuine because you have seen it before somewhere. Scammers can modify a genuine site with just a dot or slash symbol, and if you're naive not to bother to cross-check you might fall victim of scam while believing you're in the genuine site. Stay awoke guys.
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Don't believe in lies and false accusations but always do your own research. That's the most reliable advice I can give for someone new in this kind of industry. And never go for shortcuts towards crypto trading or investment success, everything comes from hardwork and full focus and attention on your crypto goal.
It is a good advice to crypto users which is very important for newbie to be aware before joining the forum, because there are some group of people sharing fake information across social media just to scared people, but if you understand crypto very well you will not be scared if you see such news in the community. Many people has loss all their funds for following shortcut to invest their funds, because they followed shortcut to earn quick income that lead them to loss their funds for other people to learn, and never to embark on shortcut in the forum. Create a good time to be more function in this forum, so that you can learn so many things that will add value to your efforts to ensure you be among the people will enjoy the benefits of crypto.
interesting, however, basic knowledge about securing personal wallets, especially bitcoin wallets, is something that must be prioritized, just imagine when you start to have some bitcoins in your wallet but you can't secure them then it is certain that one day the bitcoin assets you own will be stolen or lost due to accident
Yeah, security is very important in this network. As enthusiast we must learn to keep and store our seed phrase well because scammers or hackers don't have pity or show Remorse for anyone they scam. In Bitcoin investment the most important data you have is your mnemonic seed and if anything probably happen to your mnemonic seed, all your holdings are gone, meaning you spent all th Se years and effort all in vain.buying a water proof safe shouldn't be a problem for those who wishes to secure their funds. Though most persons improvise by using other storage medium to keep their seed phrase safe but, if your seed phrase gets licked online you should consider moving all your Bitcoin to a new address and save your seed phrase manually.
What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.
My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.
There are many advise you need to keep in your mind if you really want to invest and make money from the cryptocurrency market. You need to be very careful about altcoins because that is where people have been losing money investing in the wrong coins. It is good we need to plan and take a move quickly when making investment especially doing research because this is one of the ways we can lose money in the market. You need to be able to make your own decisions when it comes to the crypto market because this is what is going to help you scrap out bad opinions from people. Please share here and also add a short comment why it is your most important crypto advice.
My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.
What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.
Don't ever believe anything you see on the internet - no matter where you see it.... All 'em crypto wannabe projects are getting launched every single day and, all you can do about it - unless you've got specific techs to indulge - is avoid them.Please share here and also add a short comment why it is your most important crypto advice.
Avoid trying to be part of a ponzi scheme for any reason; sometimes, it could be a trend of the season and your folks may have been a great guest to the party already etc...
We've got naysayers in almost any platforms you could seek to have visibility; there's never a good report about Bitcoin from them. Don't believe anything you see.
Only invest what you can afford to lose and never be in competition to have the same amount of investment with other people because we are of different value when it comes to income, so it is important to know as investor just go with what one can afford without stress. Investment is personal, never invest because some other people are investing. Do your research and understand why an asset needs to be invested. One thing never to take for granted is security, every password and seedphrase must be treated with care to protect assets. Trying to educate one's self is also important too, it helps in making oe to know the right things to do for an investment to be successful.
I completely agree with all that have said, yeah our investment money should be more like a disposable income after taken care of whatever might have been considered to be a basic needs which by so doing we can comfortably invest with much of the emotions attached to it while making a good and informed decisions that will be in line with our investment goals and objectives, don't invest because it is what everyone seems to be talking about or doing but rather you must have your personal conviction before making any investment, and it must to suit you in terms of your financial stand, risk tolerance level and investment goal and objectives inclusive.
The advice I do give to newbies is that, they should stick to Bitcoin before trying to trade or investment in another cryptocurrency, because they'll eventually loss their funds when they don't have the . basic knowledge of investment especially in a reputable coin first. And when creating a seed phrase, always ensure to manually back up your phrase so you don't save it online where it's vulnerable for hackers to manipulate. The best way to save your seed phrase is either save it in a hardware wallet or save it in a piece of paper and store it in a safe.
interesting, however, basic knowledge about securing personal wallets, especially bitcoin wallets, is something that must be prioritized, just imagine when you start to have some bitcoins in your wallet but you can't secure them then it is certain that one day the bitcoin assets you own will be stolen or lost due to accidentlegendary
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eXch.cx - Automatic crypto Swap Exchange.
What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.
Please share here and also add a short comment why it is your most important crypto advice.
Focus on investing in Bitcoin, I wish I had someone to tell me this when I started my crypto investment journey and I wished I followed the advice too. Immediately you start investing in altcoins, it becomes difficult to focus on Bitcoin and when you begin to ignore Bitcoin you lose out of the generational wealth you could have created for yourself and your family. It's not too late if you missed investing in Bitcoin as you can always turn the wheels around and focus on accumulating Bitcoin and not altcoins. Just know altcoins are for gamble and I'm not saying you can profits from it but it shouldn't be your main focus.
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My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.
This is another one but this doesn't mean we can't use centralized service but we shouldn't leave our Bitcoin with them. When the options for a decentralized service isn't available, we can used CEX but don't used them as a wallet. The choice of exchanges being used as wallet is one big mistake newbie do alot and it causes them to lose their Bitcoin or altcoins when exchanges go bankrupt or exit scams. We shouldn't entrust our crypto to a third party and neither should we use wallets that aren't non constodial.
Knowledge is one of your primary use if you would like to join into the world of investments and crypto of course once you already have this I guess one of the most essential is to secure your asset if you have a money to invest with your coins you must have a good layer of security for your devices you are using try to have atleast protection so hackers and infiltrators won't steal your information and of course your seed. Next is to invest to a hardware wallet it's just a few couple of dollars than lossing all of your money with just single mistake of clicking a link. Stay vigilant as possible.
The advice I do give to newbies is that, they should stick to Bitcoin before trying to trade or investment in another cryptocurrency, because they'll eventually loss their funds when they don't have the . basic knowledge of investment especially in a reputable coin first. And when creating a seed phrase, always ensure to manually back up your phrase so you don't save it online where it's vulnerable for hackers to manipulate. The best way to save your seed phrase is either save it in a hardware wallet or save it in a piece of paper and store it in a safe.
My most important crypto advice:
"Never invest more than you can afford to lose."
Why is it most important?
Because of volatility, the prices of cryptocurrencies can be very rise or can be very fall. This is uncertain. So we should invest only as much loss as we can afford.
Thank you.
"Never invest more than you can afford to lose."
Why is it most important?
Because of volatility, the prices of cryptocurrencies can be very rise or can be very fall. This is uncertain. So we should invest only as much loss as we can afford.
Thank you.
Yea, it's also the most important crypto investment advice I can give to someone, because when you as an investor invest only what you can afford to lose, first of all your emotions will always be in check, especially the fear you feel if your investment isn't going as planned.
Another advice I can give to someone venturing into the crypto space is the person in question needs to go for knowledge first, before even putting his hard earned money, because in this crypto space we find ourselves, knowledge is very much key, that's why you will only get what you deserve, if you are knowledgeable enough to know how to navigate your way safely, you will be very much profitable and ok, but if you knows nothing about the system and how it works, at some point, you will pay for your ignorance, either to scammers or you invest your hard earned money in the wrong asset, just as shit coin is, so go for knowledge first.
And lastly, in this space we find ourselves, while investing, focus more on accumulating Bitcoin, because all other coin out their are not trustworthy as Bitcoin, because Bitcoin is the real deal.
My most important crypto advice:
"Never invest more than you can afford to lose."
Why is it most important?
Because of volatility, the prices of cryptocurrencies can be very rise or can be very fall. This is uncertain. So we should invest only as much loss as we can afford.
Thank you.
"Never invest more than you can afford to lose."
Why is it most important?
Because of volatility, the prices of cryptocurrencies can be very rise or can be very fall. This is uncertain. So we should invest only as much loss as we can afford.
Thank you.
Don’t invest in new altcoins, stick to bitcoin. There is only one coin that proves its long term worth all throughout the years, that is undoubtedly bitcoin. And when you invest, invest with your knowledge first prior to investing in real bitcoin. And last but not the least, do not quit your real job in exchange for bitcoin investment. You will definitely reach that part when your investment profits are sufficient and sustainable enough. But as much as possible, go with multiple investments, not just focusing only on a single asset.
1.Everything that is not bitcoin is shitcoin
2.Stay away from shitcoins they are scams
2.Stay away from shitcoins they are scams
My best crypto advice especially to the newbies gose as follows:
Avoid shitcoins
Do not invest due to FOMO
Invest using DCA method to avoid financial instability just because of crypto investment.
Invest what you can afford to lose, and don’t borrow money to invest in crypto.
DYOR.
Avoid shitcoins
Do not invest due to FOMO
Invest using DCA method to avoid financial instability just because of crypto investment.
Invest what you can afford to lose, and don’t borrow money to invest in crypto.
DYOR.
What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.
My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.
Please share here and also add a short comment why it is your most important crypto advice.
My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.
Not your keys, not your coins is the most advice you can come across in this forum about bitcoin and if you abide by it, you will not have problem owning and keeping a cryptocurrency in your possession. This is the main idea behind bitcoin ownership. Your security and privacy is what matters a lot in bitcoin and if you’re able to win over those two things, be rest assured that you’ll not have much problem in your journey in cryptocurrency.
Do your own research is also a very underrated skill you need to have when talking about cryptocurrencies. Without doing your own research, you won’t have a grasp of what bitcoin is all about and to also know which wallets are most preferable to be used as a crypto investor. These and many more should be knows but if you’ve taken the first step to know more about bitcoin by doing your own research, you’ll get to understand the market better and won’t be led astray of or regret joining the bitcoin community.
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