Rules to follow with bitcoin to live a happy life.

[cafter]

Many people/I come to crypto for making so much money, But I am in loss now, I want to share some rules and mistake that beginner or most of the people make that is harmful for there mental and physical health.
1. Keep most of your holding in BTC
2. Swing trade is good
3. never take leverage more then you can afford to hold for a night and sleep with no worry.
4. Just buy and hodl, Keep our coins off the exchanges.
5. Never gamble with money/crypto you cannot afford to lose, Or never ever gamble
6. Do not worry just hodl and do your regular work. just forget about bitcoin after taking coins off the exchanges(do not forget of phrase and keys)
7. if you hold big amount then apply every kind of security available, to keep your  keys safe.
7><8. Always read terms and conditions before signing up or depositing on a crypto related platforms.
8. Stay away  scammy schemes

The recent growth of cryptocurrencies has given rise to numerous opportunities for fraud. It is important to be aware of the risks related to it because scammers are constantly searching for innovative ways to manipulate victims in order to steal their assets or demand money from them.

To protect our assets from cryptocurrency scams, we must be vigilant and cautious and have the ability to recognize when we are the target.
Scammers frequently use some of this techniques to trick people:

-Small investment large gains: Any investment scheme that asks you for money and in exchange for unrealistic profit expectations or massive assured cashouts within little period with little to no risk is probably a fraud. We should always be wary of any information offering high and unrealistic profits with no effort or hard work involved since fraudsters are going to any extent to make absurd promises merely to get naïve individuals in. If anything sounds too appealing to be true, then it's certainly not true and is most likely a scam.

-promises of quick money and giveaways: New investors are always greedy, which is why scammers use giveaways to get their attention in order to obtain all of the necessary information from the addresses they provide to aid their work. As a beginner, avoid giveaways because no one has free money to give you; instead, you must work hard.

-No trading experience needed: Scammers will tell you that you don’t need any trading experience or any specialized knowledge to participate all you need to do is invest then relax while they update you on how to go about it. Some will tell you that everything occurs without human intervention. Hence, you don’t need to know anything. Avoid falling for the such trick, it's all an effort to manipulate you so they can extort money from you.

-High pressure tactics: A key indicator of a potential scam is if you receive repeated messages and calls from the investment firm urging you to act quickly or risk losing the opportunity, Bonuses, or discounts that are being offered at the time. So it's Always important to take your time to research well and fully comprehend what you are getting into.


As a new cryptocurrency user we should never forget that there are some people who are always after our assets and they will go to any extent to steal them from us so we should be vigilant and safeguard ourselves and assets from any form of scam. Never feel any advice is insignificant and don’t overlook minor details they can be useful you might never know And always have in mind that there is nothing like free or easy money.

some ways to avoid fraud
-Never give out your personal information to anyone you meet online.
-Research and conduct a proper background check on every investment opportunity thoroughly before you invest.
-Double checking on website links to be sure its the right ones and  avoid clicking on links from unexpected social media messages or emails.
-only invest in things you understand.
-Ignore people who come out from nowhere asking you to invest and join a platform you don't know about.
-Ask questions before you act.

[CryptSafe]

Many people/I come to crypto for making so much money, But I am in loss now, I want to share some rules and mistake that beginner or most of the people make that is harmful for there mental and physical health.
1. Keep most of your holding in BTC
2. Swing trade is good
3. never take leverage more then you can afford to hold for a night and sleep with no worry.
4. Just buy and hodl, Keep our coins off the exchanges.
5. Never gamble with money/crypto you cannot afford to lose, Or never ever gamble
6. Do not worry just hodl and do your regular work. just forget about bitcoin after taking coins off the exchanges(do not forget of phrase and keys)
7. if you hold big amount then apply every kind of security available, to keep your  keys safe.
8. Stay away  scammy schemes

The recent growth of cryptocurrencies has given rise to numerous opportunities for fraud. It is important to be aware of the risks related to it because scammers are constantly searching for innovative ways to manipulate victims in order to steal their assets or demand money from them.

To protect our assets from cryptocurrency scams, we must be vigilant and cautious and have the ability to recognize when we are the target.
Scammers frequently use some of this techniques to trick people:

-Small investment large gains: Any investment scheme that asks you for money and in exchange for unrealistic profit expectations or massive assured cashouts within little period with little to no risk is probably a fraud. We should always be wary of any information offering high and unrealistic profits with no effort or hard work involved since fraudsters are going to any extent to make absurd promises merely to get naïve individuals in. If anything sounds too appealing to be true, then it's certainly not true and is most likely a scam.

-promises of quick money and giveaways: New investors are always greedy, which is why scammers use giveaways to get their attention in order to obtain all of the necessary information from the addresses they provide to aid their work. As a beginner, avoid giveaways because no one has free money to give you; instead, you must work hard.

-No trading experience needed: Scammers will tell you that you don’t need any trading experience or any specialized knowledge to participate all you need to do is invest then relax while they update you on how to go about it. Some will tell you that everything occurs without human intervention. Hence, you don’t need to know anything. Avoid falling for the such trick, it's all an effort to manipulate you so they can extort money from you.

-High pressure tactics: A key indicator of a potential scam is if you receive repeated messages and calls from the investment firm urging you to act quickly or risk losing the opportunity, Bonuses, or discounts that are being offered at the time. So it's Always important to take your time to research well and fully comprehend what you are getting into.


As a new cryptocurrency user we should never forget that there are some people who are always after our assets and they will go to any extent to steal them from us so we should be vigilant and safeguard ourselves and assets from any form of scam. Never feel any advice is insignificant and don’t overlook minor details they can be useful you might never know And always have in mind that there is nothing like free or easy money.

some ways to avoid fraud
-Never give out your personal information to anyone you meet online.
-Research and conduct a proper background check on every investment opportunity thoroughly before you invest.
-Double checking on website links to be sure its the right ones and  avoid clicking on links from unexpected social media messages or emails.
-only invest in things you understand.
-Ignore people who come out from nowhere asking you to invest and join a platform you don't know about.
-Ask questions before you act.

In as much as you have stated this opinions of yours, there are still more to be added but this few would likely add up to compliment the already existing ones above;

1. Do not compell or  force anyone all in the name of convincing them to invest in bitcoin or Crypto.
2. Do not panic selling and buying of bitcoin
3. When transferring of bitcoin or other Crypto currencies do well to cross check the wallets from both ends before transferring.
4. Always confirm from the receiver of every transactions before sending to be sure if the deal, wallet address and transaction is still valid.
4. Do well to also send the receipt of your deal or transaction hash to your end receiver for avoidance of doubt.
5. If doing a transaction with some one close to you and you have a lots of funds in your wallet from which you want to pay from, try your possible best to move out the payment funds from that holding wallet address and mix it up so that they do not know and.see your wallet value.

Atleast with this few options of mine, one can be able to play cool in the industry while being safe.

[Ojima-ojo]

What I believe in Bitcoin is just one primary rule which is to hold your Bitcoin and doesn't get distracted with altcoin or any mentality that can stage your Bitcoin accumulation mentality because you need all the motivation you can get as you journey with Bitcoin.

While you are at that, keep in mind that your bitcoin can only gian value in the long term and avoid the frequent exchange of your BTC.

To be sincere with you, I have been 100% bullish on bitcoin and since there are fundamental rules guiding us we must create our own Bitcoin part-way based on knowledge and what have you.

[Supreemo]

i can also add a few:

1. buy bitcoin not as a short term plan but as an untouched investment
2. if you have cold keys, store it in a secure place where you can easily find it
3. have an emergency money so you don't have to touch your untouched investment
4. always leave options so you can be flexible most of the time.

investing isn't all investing if you don't have any spare cash for emergencies or for savings. you don't know what will happen in the future not only in crypto but in real life, it's better to be safe than sorry.

[CryptoHeadlineNews]

In addition to the few rules to follow if they want to live a happy life with Bitcoin also include staying away from buying Bitcoin cold wallets such as 'Ledger Nano X" from a third-party website (e.g Amazon.com), as they are likely to be infiltrated with a trojan virus, capable of making any fund deposited into it gets hacked. As there have been a series of complaints about people losing their funds.

[Zaguru12]

Everyday one just has to scroll through tips of holding bitcoin.

1. Keep most of your holding in BTC

In has much has I prefer having investments in bitcoin because of it been a store of value and also its ability to hedge against inflation compared to fiat. It is still too early to have ones major holdings in bitcoin rather it should be diversified into also fiat. A percentage of 20 to 30 in bitcoin will ease the burden of having to sell off coins every time one faced with emergency and needs funds.

8. Stay away  scammy schemes

This easiest way to stay way from this to believe that there isn’t any way to earn free bitcoin like in the past. Airdrops suggesting to link ones bitcoin to a particular site are just phishing schemes that should be avoided at all cost

[Aikidoka]

I agree with what the OP stated but in addition to that, you shouldn't focus more about money if you're already making enough, you should focus more in things that makes you happy and makes you feel good in the bitcoin community, also to try to make the right choices when investing and think wiesly before any decisions especially when you're dealing with money because that would effect you after. Personally, I am focusing on my work in real life while also being here to earn bitcoin because I find it really interesting. Bitcoin is a new technology that has the potential to be further developed in the future.

[Ucy]

I wish you are qualified to give this kind of advice considering you made a mistake you are probably regretting.  You made important points though especially concerning gambling. I typically advice people never to gamble at all in Crypto or life in general but always learn or experiment with amount of money (or something) they can afford to risk until they are knowledgeable/experience enough to invest higher amount. It's OK to find people who are consistently profitable or right to guide you. If they are consistent and right always without cheating it's a sign they are reputable or of good moral.

[GeorgeJohn]

1. Do not compell or  force anyone all in the name of convincing them to invest in bitcoin or Crypto.
2. Do not panic selling and buying of bitcoin
3. When transferring of bitcoin or other Crypto currencies do well to cross check the wallets from both ends before transferring.
4. Always confirm from the receiver of every transactions before sending to be sure if the deal, wallet address and transaction is still valid.
4. Do well to also send the receipt of your deal or transaction hash to your end receiver for avoidance of doubt.
5. If doing a transaction with some one close to you and you have a lots of funds in your wallet from which you want to pay from, try your possible best to move out the payment funds from that holding wallet address and mix it up so that they do not know and.see your wallet value.

Atleast with this few options of mine, one can be able to play cool in the industry while being safe.

In bitcoin many things have to be consider as the factors,  but the major thing we have to know is to our target and also be observant in cryptocurrency kind of transactions especially bitcoin or your preferable coin, reaching to your number one (1) point of view, its obvious that when you introduce someone wrongly concerning cryptocurrency investment when it goes wrong you are to be blame, so that's the reason while someone need to have interest before you can go in details explaining what's obtainable in cryptosphere. The aspect number two (2), you need to microscope the gravity of market before panicking to sell, this are one of the reasons we have to know before investing in bitcoin and secondly investment in bitcoin is not good to use all your capital to invest in bitcoin.

[ancafe]

When it comes to investment the main step that must be considered is the opportunity, where every process carried out will generate profits, but to achieve the correct investment standards we are required to choose the best and have evidence for us to hold on to. Bitcoin has provided many reliable sources for investing and that's why many people are choosing it today. Taking risks to support investment steps is not a problem, as long as we understand the investment process that we will run, bitcoin has been tested to be able to maintain investment value and many of us already know this correctly.

If we already have confidence in the investment based on the initial analysis, then asset security is a step to consider and I believe most of us understand the purpose of this security measure, store bitcoins in safer wallets and avoid storing them on exchanges. Thus we are not gambling, but preparing the best investment to improve financially in the future.

[Obari]

All your points are great @OP and It seems you said you are already making loss in crypto and how the do.yoi think your points will help guaranty success and a happy life in Bitcoin? (Just curious).
~I also want to add that no matter how much your hodlings are, please sure you have a very strong security and if possible get the two factor verification for transactions on your wallet.
~ while selling your coins on a p2p platforms, never ask to deal outside of the exchange and never click on any link as some phishing links are capable of bridging your wallet security and making approval for your coin release.
~ rather than jumping into investing immediately, it will be more better you take more time to ready and study what your about getting into.

Above all, I want you to understand that nothing is guaranteed in the crypto industry and you're responsible for every action you take, hence be careful while dealing with crypto.

[BTCBroker2016]

Even though I strongly believe in BTC but I more believe in diversification value, so I don't invest all my money in BTC

[coupable]

i can also add a few:

1. buy bitcoin not as a short term plan but as an untouched investment
2. if you have cold keys, store it in a secure place where you can easily find it
3. have an emergency money so you don't have to touch your untouched investment
4. always leave options so you can be flexible most of the time.

This is an important point and is the most important of all the recommendations the OP made. It is very important for a bitcoin user to learn how to keep his money in a private wallet and to avoid storing it on trading platforms. The best thing to do is get a hardware wallet. One of the biggest mistakes that many users make is lack of sufficient knowledge of some important details in the Bitcoin protocol that explain the correct ways to use it. There are many threads on the forum that explain these details in simple words.

[sheenshane]

All stated above was right and I tend to agree, there are too many too of them if we mention them one by one.
The most important thing is that we understand how Bitcoin will work and how to secure it.  Know how to manage your risk and investment responsibly, leading to a happier life.

Always remember these.

• Invest what you can afford
• Not you key, Not you coins

It's very important that connect all mentioned above.

[n0ne]

Setting rules is not gonna be effective with each and everything. With traditional form of investment this could be effective, where with bitcoin and other cryptocurrencies we need to take decisions according to the market situation. Only then it is possible to book profit. We may follow the rules and hold for five years of time, in between the market reaches the ath price. By the time we know it is the ath yet we don't sell. Further the market crashes, what is the use of following the rules. With cryptocurrency making decisions associated with the market movements were the best.

[Sayeds56]

Setting rules is not gonna be effective with each and everything. With traditional form of investment this could be effective, where with bitcoin and other cryptocurrencies we need to take decisions according to the market situation. Only then it is possible to book profit. We may follow the rules and hold for five years of time, in between the market reaches the ath price. By the time we know it is the ath yet we don't sell. Further the market crashes, what is the use of following the rules. With cryptocurrency making decisions associated with the market movements were the best.

I agree with your viewpoint that we should take advantage of volatility of crypto market, which provides trading opportunities to make profit, if we take right entry and exit decisions, but it is not so easy, as it is very difficult to predict the next move of the market unless you are well skilled to make technical analysis and know how to secure your trade buy using risk and money management tools, in case market goes against your position.

For newcomers in crypto market, it is always better to buy Bitcoin during the bear market and wait for bull run to book profit on your investment.

[peter0425]

Have something for holding and separate the funds for trading ok? that must be on the list and you must literally learn from that.
sharing the funds for trading and holding will be serve you mistake in decisioning , we must understand that in crypto? nothing is certain but speculation , that is what we need to take and only invest the funds whos in not so important needs.

[drwhobox]

Have something for holding and separate the funds for trading ok? that must be on the list and you must literally learn from that.
sharing the funds for trading and holding will be serve you mistake in decisioning , we must understand that in crypto? nothing is certain but speculation , that is what we need to take and only invest the funds whos in not so important needs.

I don't think you need a list for investing on cryptocurrency, because you will only invest in some selected coins. Though it is only preferable that you invest only on bitcoin.
I agree on that part that only invest the funds you can afford to lose.

[TravelMug]

I don't know though, it seems that sometimes we make things complicated with our bitcoin investment. So this rule is so rigid to follow in my opinion. For me just continue to accumulate as much as you can long term, keep it in a secure place and sell it at the right time, in the bull run to make huge profits.

I don't like to muddle and make it hard for me to understand what bitcoin investment is, just saying.

Maybe if a newbie saw a lot of rules or what not, they might believed that bitcoin investment is very hard.

[tbct_mt2]

1. Keep most of your holding in BTC

It's correct but it's not enough. You must store your BTC in non custodial wallets and must back up that wallets safely too.

2. Swing trade is good

It's only good if you know when to trade swing and when you should not. If you trade swing when market is about to change its direction, you will lose your bitcoin by selling low, waiting for lower price to buy back but bitcoin soars and you end that trade with buying back at much higher price. You end it with less amount of BTC than when you started.

3. never take leverage more then you can afford to hold for a night and sleep with no worry.

If you use leverage, hold your position over night is terrible idea. Some days, you can wake up and see your account is mostly emptied by margin call and liquidation.

4. Just buy and hodl, Keep our coins off the exchanges.

A more detailed Reminder: do not keep your money in online accounts