Thanks for all the replies both positive and negative. I am happy most of you found this information valuable

1) Diversify your portfolio if you are unsure of what you’re doing, then narrow down your portfolio if you know what you’re doing.

2) Surround yourself with crypto people, do not recruit your friends into investing in crypto.

3) Invest 10–20% of your income after tax in crypto (since most of you, don’t know what “invest what you can afford to lose” means).

4) Think long-term profits, not short-term gains.

5) Always do your own research. Manipulation, hype, pump and dump, fraud, scam, hacking, and stealing, are common here in this space, and can sometimes lead people to financial loss.

6) Keep your day job despite reaching your financial goal in crypto, so you are not emotionally dependent on your crypto profits as a source of income.

7) IT’S NOT CASH, UNTIL YOU SELL YOUR CRYPTO FOR FIAT.

Read, and read, every day, do not underestimate the power of reading. Learn something new about blockchain and cryptocurrencies every day.

9) Avoid pyramid schemes, cloud mining, MLM, “earn interests” schemes and ponzi schemes such as Bitconnect.

10) Be responsible with your newfound wealth, don’t be reckless, you may experience a state of euphoria when your portfolio reached triple gains.



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Nice thread, my goal is buy and hold