I've been lurking for quite a while now and see many various questions and suggestions in regard to investing/hodling/gaining +losing. I'd like to recommend five basic tips for everyone.
#1 Do your own research.
#2 NEVER invest what you can lose to afford.
-HODL, (hold onto dear life), if you can't wait, don't be part of the game.
#3 Invest in what you know about.
- If i was a doctor, I wouldn't try to convince a lawyer about something about the law if I had no idea what I was talking about. Nor if I was a doctor, I wouldn't ever seek medical advise from a lawyer.
#4 Don't listen to Finance people, yes that includes you "Investment Bankers/ Corporate Finance/ Buy-Sell side guys/,"old-timers" just because you can't make a valuation because there is no cash flow doesn't determine no value. Stay in the stock game, not the crypto-game.
#5 I'm all out of equity stocks and I recommend investing Bitcoin for the future. Nothing against, the stock market, I recommend you invest in the stock market too. (NYSE,NASDAQ,DAX, etc.)
Extra bonus tip.
#6 IRA bitcoin for the #WIN