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Author Topic: Your most important crypto advice?  (Read 802 times)
ultrloa
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June 26, 2024, 08:50:36 AM
 #21

Don't share much information about your activities be anonymous always.
Don't flaunt your balances anywhere you might be the target of scam or frauds.
Don't rush any investment decision, Always do your research if the programs you are participating is legit. Background checking is always important.
Don't feel greedy on someone's result. Slow and steady start is good then always aim to improve.
Don't share your success to any random people. There might be some people will get envy in your result and do something that can harm you.
Always have doubts on everything and don't easily believe on what people say even if he's reputable people since not every words they say is true. So verify and know more deeper about the information you want to learn.

There are just few things that need to consider by people who's starting up in industry and for sure there would be a lot of things they discover since they could experience a lot of thing which can help them learn more about crypto.

R


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June 26, 2024, 09:56:31 AM
 #22

My first crypto advice to anyone is that we should always keep our seed phrase in a proper place that's safe. Without seed phrase there will be no access to our coins.
Secondly, privacy as a Bitcoiner you don't need to showcases your assets because the eyes of scammers are on anyone who's into crypto currency, both the government are after anyone who is into crypto currency because they also seed a bitcoiner as someone who's doing fraud. So as this is concern, we have to keep our assets on a low-key so that people will not hear about our assets.
Research: Never fail to do your own research, it's important for a bitcoiner to always read anything that has to do with Bitcoin and he sees anything suspicious, he should endeavor to do his own research for proper knowledge.
A person who's getting ready to invest on Bitcoin should also know what he can afford to risk and what he can not afford to risk.
Concentration, is another thing a Bitcoiner needs, focus and know what you wants and what you are doing, if you are planning on long term investment, focus on it. If you are planning on short term investment also focus on that but the best one I advise anyone for is long term investment.

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June 26, 2024, 01:51:16 PM
 #23

Only invest what you can afford to lose and never be in competition to have the same amount of investment with other people because we are of different value when it comes to income,  so it is important to know as investor just  go with what one can afford without stress. Investment is personal, never invest because some other people are investing. Do your research and understand why an asset needs to be invested. One thing never to take for granted is security, every password and seedphrase must be treated with care to protect assets. Trying to educate one's self is also important too, it helps in making oe to know the right things to do for an investment to be successful.

That is my goal; invest what you can afford to lose, and you must develop streams of income because you cannot achieve anything without them. Investment is extremely beneficial if you understand it properly and invest for the long term to make a lot of money. My advise to someone is to safeguard everything that can lead to losing an asset or finances and keep it to yourself rather than distributing it to anybody else. And the essential point is that your password, you should not trust anybody and try to give your password with anyone because he can lead to the loss of coin in your wallet, so be wise in all what you are doing and stop telling people what you have in your wallet because that is why some scammers put eyes on you to try all there possible best and get access and stole your funds. so don't truest anyone in online that try to ask you for your detailed because if you try and told him your secret that all. if you keep your privacy self and without telling anyone and continue your investment you will succeed.

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June 26, 2024, 03:19:54 PM
 #24

The most important advice about the crypto is to know the what you're here for, which are the basics of the cryptocurrencies block chains and the fundamentals technology and analysis, those are the keys of cryptocurrencies once you've known them all you will not find anything so the difficult again. And again in crypto there some words call seen phase which is our private key, is not something that we can play because when you lose it means you have loss all the assets you been keep for a while, that's why is very important to keep it well in a safe place.
 The reason why people's always given advice about this private key is that there somes that are very careless; that they will been keeping it inside their phone, immediately the phone lose they can easily access to all your assets.

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June 26, 2024, 03:58:32 PM
 #25

What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.

My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.
My most important crypto advice is - There's always an opportunity, so don't be in a haste
REMARK: Some people join the market hastily without proper analysis maybe because of some testimonies of fortune by their friends. They believe that if not that time, it can never be. It is fine to understand that there's always and there'll always be be opportunities in the industry.


9. Avoid overconfidence
What is your definition of over confidence in this context;
Failing to take premature profit;
Or
HODLing.

R


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June 26, 2024, 05:28:36 PM
 #26

What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.

My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.
In crypto never give someone advice without giving them the disclaimer of NFA and DYOR because later they will blame you that you are the one who guided them to invest in crypto while it should be their own decision. And another piece of advice is if you are the one taking advice and the person doesn't give you a disclaimer or does not give a disclaimer in any case. Take it as a slight warning that they just want them to be free of weight on their shoulders. This means they don't want unnecessary tension by giving someone a piece of advice so to save themselves from future conflicts they say NFA or DYOR.

So as a person taking advice, don't just stop yourself there on the basis of these disclaimers but try to move with your thoughts or plans. They might help you achieve your point. Never discourage yourself from the words of others, be confident in your plan and always keep funds in your savings in fiat for emergency cases. That's it.
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June 26, 2024, 06:06:13 PM
 #27

My own piece of advise to anyone here Wil be;
1. Make a lot of researchs to understand how the cryptocurrencies functions.
For instance, understanding the most technical aspects of the technology will help a user achieve more.
2. When it comes to investment, go for DCAs instead of the Lumpsum until you master the art of investing.
3. Don't invest more than what you can afford lose at a time.
 4. Try and be disciplined.
5. Get used to using your common sense. Avoid being superficial with your expectations and calculations.
6. Be patient.
Jewan420
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June 26, 2024, 06:12:24 PM
 #28

1. Always protect yourself from greed.
2. Do not share your financial information with anyone.
3. Protecting yourself from fraud and scammers.
4. Do not expect extra profit.
5. Be careful and verify before accessing any link.
6. Do not share the wallet key with anyone.
7. Stay away from overly tempting people.
8. Store all information related to the wallet.
9. Be careful while trading.
10. Keeping all transaction information safe and secure.

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June 26, 2024, 06:52:34 PM
 #29

What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.

My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.

-I have some and from my personal experience, the have been helpful. Don't take anyone word in crypto, because Mr. Analysts says Bitcoin is going to pump or dump doesn't mean it's going to happen, what happen here is speculations which could be wrong or right.

-Learn to take profit, nothing goes up forever and Bitcoin don't goes down forever but altcoins can go to zero. Know the type of coin you buy, you may not even recover your capital.

-Learn to do proper research about what you are buying, know about the team, check the tokenomics so that whales don't dump their coins or tokens on you.

-Just because you buy a coin doesn't really mean you will make your assume profits, you can get below your expectations and you can get above your expectations.

-In everything you do in crypto, make sure that you have some Bitcoin even if you like altcoins, make sure you have Bitcoin in your portfolio.

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June 27, 2024, 07:10:27 PM
 #30

What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.

My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.

I recommend you read the book "The Bitcoin Standard" by economist Saifedean Ammous, as well as the book "Broken Money" by author Lyn Alden.
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June 27, 2024, 07:15:24 PM
 #31

What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.

My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.

-I have some and from my personal experience, the have been helpful. Don't take anyone word in crypto, because Mr. Analysts says Bitcoin is going to pump or dump doesn't mean it's going to happen, what happen here is speculations which could be wrong or right.

-Learn to take profit, nothing goes up forever and Bitcoin don't goes down forever but altcoins can go to zero. Know the type of coin you buy, you may not even recover your capital.

-Learn to do proper research about what you are buying, know about the team, check the tokenomics so that whales don't dump their coins or tokens on you.

-Just because you buy a coin doesn't really mean you will make your assume profits, you can get below your expectations and you can get above your expectations.

-In everything you do in crypto, make sure that you have some Bitcoin even if you like altcoins, make sure you have Bitcoin in your portfolio.

Bitcoin will rise forever because fiat money is falling forever. They will never stop printing fiat money and causing inflation; this is the Keynesian school of economics.
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June 27, 2024, 07:17:37 PM
 #32

What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.

My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.

I recommend you read the book "The Bitcoin Standard" by economist Saifedean Ammous, as well as the book "Broken Money" by author Lyn Alden.

Curiously, a few days ago the user Pmalek posted that S. Ammous gave his permission to download his popular books for free from a link he retweeted, so those who want to learn about "The Bitcoin Standard" but don't have much money to purchase it can get free knowledge, which is a great move by the author IMO.

Link to the thread where this is discussed: The Bitcoin Standard and other S. Ammous books for free!



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June 27, 2024, 07:29:28 PM
 #33

What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.

My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.

I recommend you read the book "The Bitcoin Standard" by economist Saifedean Ammous, as well as the book "Broken Money" by author Lyn Alden.

Curiously, a few days ago the user Pmalek posted that S. Ammous gave his permission to download his popular books for free from a link he retweeted, so those who want to learn about "The Bitcoin Standard" but don't have much money to purchase it can get free knowledge, which is a great move by the author IMO.

Link to the thread where this is discussed: The Bitcoin Standard and other S. Ammous books for free!




 Bitcoin Standard" on YouTube as an audiobook. You can listen to it while you are walking or driving to work.

https://www.youtube.com/watch?v=MRczbPu8SQM

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June 27, 2024, 07:36:50 PM
 #34

What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.
Do your own research. Always be careful. Prioritize privacy and security. Increase knowledge that can make you full of patience. Don't be easily trapped by information. Our assets belong to us not to others so that it leads us to not your keys not your coins. All of this is basically the same as important advice in life.

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EluguHcman
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June 27, 2024, 07:57:14 PM
 #35

Do your own research.

- Jay -

Yes, do your research after being informed or enquired and do not rest comfortably on the media speculations because you can be misguided based on influencers personal interests.

And do no go with assumptions. Always research and enquire at any suspiciousness or doubts.

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June 27, 2024, 09:17:43 PM
 #36

Maintain your privacy by avoiding centralization which means Not your keys, not your coins.

Do not borrow money or take loan to invest in cryptocurrency even if it is Bitcoin.

Do your own research is the most important advice because if you do your research, your decision will be centered based on your knowledge, and you will hardly make a costly mistake that will affect your crypto journey.

Don’t be greedy if you are a trader, take the little profit you have and move on.

R


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Abbatty
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June 27, 2024, 09:54:53 PM
 #37

What is your most important crypto advice?

My two most important crypto advise are:
1- Invest what you can afford to lose
2- Not your keys not your coins

This are very important to me because i feel they are the key to investing, when this things are stuck in one’s head and he abides by them then i believe the person is safe and maintaining discipline.

- Investing what you can afford to lose is very important for every person so they don’t go risking too much all in the name of investing, it’s not a do or die affair so investing too much above your comfort will only put you into more trouble.

- Not your keys not your coins is another advice i take seriously because it’s about security of one precious assets and understanding this will let us know the dangers of giving out our keys to others and also know the best type of wallet to utilize.
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June 27, 2024, 10:27:10 PM
 #38

What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.

My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.
My biggest cryptocurrency lesson is never to trust the statement of another person always do your own research to fine out what exactly you are up against because as matter of fact, most comments or advice are born out of the experience of another person whose situation a.d experience is different from yours and following their advice, suggestions and advice may give you wrong results and that is why we advice that we should always carry out a second thought and personal research before taking any recommendations and advice seriously.
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June 27, 2024, 10:50:58 PM
 #39

4.  Keep your mouth shut.
5.  See #4
The common tip is about keeping our private keys and they no longer belong to us when we don't have them. And about keeping our mouth shut, this is actually what I've learned with my stay here for years. Excitement is there when we see our assets going up due to the volatility nature of it and we're just too happy to share it with the others. It's best to avoid that at any season, you'll never know if the person whom you're talking to can do such a thing against you because you've been too vocal. You don't have to share everything about your life especially your finances and the assets that you own so I agree to put a zipper on our mouths.

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June 27, 2024, 10:57:03 PM
 #40

1. Don't believe everything on social media or take advice from social media influencers because they can misleeding.
2. Take bitcoin investment seriously than any promising shitcoin that don't have value.
3. Always make sure you keep your key save, because not your key not your coin as the saying may go.
4. Invest what you can afford to lose incase of any problem to avoid selling of your bitcoin holding.
5. Make DCA strategy your best strategy and ensure you keep emergency and reserved fund to make yourself comfortable against any challenge.

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