For Risk aversion in Investment1)
Diversify, Diversify, Diversify. Never put all your eggs in one basket. If you had all your money in MtGox, you lost everything.
If you put 50% in MtGox and another 50% in TradeHill, you lost only 50%. Keeping 50% is still better than 0%.2)
Risk investments, only invest 10% in highly risky investments.3)
Set safety nets: never speculate too much. Play safer, set yourself an objective and no matter if the market keeps growing, sell it at the objective. Don't expect the lucky strike of another 2000% increase. 20% gain is better than -10%
Holding for too long can be a big mistake.Damage containment: Be Prepared for the worst
.1) Set more than one wallet
You can send money from one place to another anyway. Nobody limits the amount of wallet.
Set one for your main stash and set satellite wallets to mine, another one to receive payments, and set another to send payments.
A pain in the ass? Yes. Security usually is a pain in the ass. But at least you can contain the damage if one wallet gets compromised/stolen.2) The same philosophy for emails: divide at least 3 email accounts:2.1) A public email
Used for emailing with people who you don't know, strangers. Maybe used for registering in public and potentially vulnerable sites (forums, etc...), although I would strongly recommend the usage of disposable email addresses for registering purposes.
If a hacker only knows this public email, the damage is contained and he has no access to your personal account (twitter/facebook/etc)2.2) A personal email
with people you know and met personally. Used also for registration on social networking.
If someone finds out your personal email and accesses it, he still can't reset your banking/paypal passwords. The damage is again contained.2.3) Last email account solely for Banking/Paypal.
This email should be kept in secret and nobody but you should know about it.
Only used for registration for banking, ewallet, egovernment stuff.
Although it is not perfect, it is infinitely much better than having all your life centralized in one single email address.
I guess it is not necessary to mention that these three accounts should have all absolutely
different passwords.How to remember complex and secure passwords?
As a habit you should always consider these three things:
- At least 1 capital letters
- At least 1 number
- At least 1 symbol
- At least 10 characters long
Sounds too complicated? I can share with you three very simple methods:+ My favorite one: keyboard geometry
Look at your keyboard. Imagine shapes on it: triangles, circles, squares, etc... whatever pattern you like.
Lets see that I see a triangle from . to 9 to n (.lo9ijn)
Then I close the base of it (from n to .)
In total your password is: ".lo9ijnm,." a pretty damn strong password, (this password would take more than 1000 years to be bruteforced).
So you are not really memorizing characters, you are memorizing shapes on the keyboard.
The only thing you must remember are two things: the starting point and the vertices of it.
Although some of you might complain that it is not really random, the mere fact that nobody contemplates such generation of passwords, it makes them damn strong. Also one can't really imagine the creativity of the user. It might not be lines or triangles, there are infinite possibilities of shapes.+ My second favorite one: l33t speech passphrase
Remember a short frase: "Two stones kill one bird."
Now use l33t speech, it works by replacing:
o = 0
e = 3
i = 1
t = 7
s = 5
z = 2
Resulting in: Tw0st0n3sk1ll0n3b1rd. (this password would take 6,481,659,015,630,310,000,000,000 years to be cracked by bruteforce)
This is damn strong, and damn easy to remember.+ My least favorite one: Mnemonics
Just type anything random on the keyboard. Close your eyes and just yank on it, randomly pressing shift with one had and with the other just tap on the keyboard with your palm.
Trying: U(),890KOP (this one also takes around a millennium to crack with bruteforce alone on a Class F)
Now lets make sense of it by applying mnemonics:
Make an absurd story in your mind: You parentheses, (fought) 890 (pounds) KO (and now in) P
Although effective if you are used to this technique.
I find the first two much simpler, but I use them all.
I hope you like my methods, they are very simple yet very effective.