This is mainly for newbies still finding their ways in crypto world
Donts
1) stop Dreaming in your head ,its wrong, you have to face reality and work towards achieving your goals , it can easily make you choose wrongly and flamed up the greediness in you,proceed with caution always
2) don't ever invest your money in projects that have absolute nothing to offer ,meaningless coins that are just plain coin
3) if you are a miner like me don't point your mining rigs to worthless coins that will be worthless in no time especially billion coins ,100 billion max supply because they tend to stay at highest 1sat per price ,I've made the mistakes in the past and they are now lower than 1sat and its now a pain in the ass to sell off on exchange
3) new coins are not a must unless the very good ones that brings something new to the table ,there are some old coins that are badass ,I called them sleeping dragons ,do thorough research
* And miners becareful of pump and dump coins ,they are just copycats of existing ones ,its plaguing cryptonight coins lately ,some months back too many cryptonote coins were released and 80% of they are just plain garbage ,make sure the devs mean business
Thanks.
Thanks for sharing your advice and experiences, I haven't really tried much with mining, I have recently been using some of the Proof Of Stake coins and earn rewards that way for simply staking my coins on a running wallet from a basic PC. No expensive equipment required or large electric bills. Is mining actually profitable at all these days?