Your most important crypto advice?

[johnsaributua]

The ease of storing coins today is free to choose non-custodial wallets, cold wallets and can even buy hardware wallets, all wallets can be rated the best that people often use widely. better:

1. Store private keys well on paper, if you store in the keep / google office if the email is hacked of course your records are not safe and can be copied, it is dangerous.

2.if the wallet contains bitcoin / other crypto to be saved in the long term it is better to separate it from the usual new web interaction (even research material).

3, Many types of investments are just growing in crypto, there are indeed some that can survive and even take a long time to get into the top tier cex, and only then can you see good market volume and good coin prices, if investing in cheap coins it is better to budget from daily trading capital, in the sense of not rushing to use, very high risk and high profit. If in doubt, it is better to choose bitcoin that is already in any market that can even be bought in 1 an satosi, according to ability.

[Distinctin]

Don't believe in lies and false accusations but always do your own research. That's the most reliable advice I can give for someone new in this kind of industry. And never go for shortcuts towards crypto trading or investment success, everything comes from hardwork and full focus and attention on your crypto goal.

[Scarlett_23]

1. Do a lot of research on crypto currency.
2. Try to keep your secrets to yourself. 
3. Invest with knowledge and analysis. 
4.  Don't sell them hastily after investing. 
5. Don't worry about price drops. 
6. Don't listen to rumours. 
7.  Keep  money in the right wallet.

I consider Bitcoin to be the safest to invest in the crypto world.  Holding long in other coins seems risky to me. Be sure to keep an investment mindset. remember "no risk no gain".

[JiiBs]

I think these are the two best advice you can ever give to anyone and be safe in the cryptocurrency industry. You don’t just save the next individual but, you guide yourself in the process even while stirring the individual in a direction.

10. DYOR

Asking them to DYOR puts the ball in their court so they understand the options they’ve got and how it is by their choices to see reasons to believe or not all originated from them, perhaps your pep talk could be a guide but, you let them be a boss of their own like very crypto investor is expected to be.

3.  Not your Keys - Not Your Coin

Not your keys, not your coins!
No better way to be both cautious and safe than not following these principle. It ensures you keep your Bitcoin on a non-custodian wallet as well as, keeping your keys private.

[Coyster]

1. Store private keys well on paper, if you store in the keep / google office if the email is hacked of course your records are not safe and can be copied, it is dangerous.

There is no need for you to store private keys of all your addresses that you have used, what you have to store on paper is your seed phrase, because with your seed phrase, you can recover all of your addresses in your wallet. Of course you shouldn't also keep your seed phrase in your mail box, it shouldn't be anywhere close to the internet, but should be backed up offline.

[GbitG]

I think the most important crypto advice would be for newbies to gain enough knowledge about the market before they start making investments in this industry because cryptocurrencies aren't a get-rich-quick scheme and if they think this way about them, they are going to waste their money. They need to do enough research before they choose a cryptocurrency they want to invest their money in because, without research, you can't know whether a project has potential or not.

Most newbie investors these days invest their money in meme coins and newly launched altcoins without doing any research, they need to understand that cryptocurrency investments aren't supposed to be taken as gambling where you make a bet and try your luck to see whether you win it or not, if you do that, you are going to lose a lot of money.

[stadus]

1.  Buy
2.  HODL
3.  Not your Keys - Not Your Coin
4.  Keep your mouth shut.
5.  See #4

Keeping your mouth shut is one of the most important ways to protect one's privacy, aside from keeping your private keys and phrases safe from the eyes of others.
 
Some of the theft cases that I have read online are due to how lousy the holder is, which attracts people to either set hacking traps or physical attack robbing.

If some people can learn how to keep their mouths shut, their chances of protection for their holdings will increase.

I honestly agree. You will secure more your privacy and anonymity if you keep your mouth shut constantly. Don’t be too trusting to other people and share them important details, that will only put yourself at risk. And always stay low key. Don’t tell people your crypto success, but only keep it to yourself. Focus on your own growth and progress by constantly educating yourself, that will establish your bright future ahead of you.

[Porfirii]

1.  Buy
2.  HODL
3.  Not your Keys - Not Your Coin
4.  Keep your mouth shut.
5.  See #4

Keeping your mouth shut is one of the most important ways to protect one's privacy, aside from keeping your private keys and phrases safe from the eyes of others.
 
Some of the theft cases that I have read online are due to how lousy the holder is, which attracts people to either set hacking traps or physical attack robbing.

If some people can learn how to keep their mouths shut, their chances of protection for their holdings will increase.

I honestly agree. You will secure more your privacy and anonymity if you keep your mouth shut constantly. Don’t be too trusting to other people and share them important details, that will only put yourself at risk. And always stay low key. Don’t tell people your crypto success, but only keep it to yourself. Focus on your own growth and progress by constantly educating yourself, that will establish your bright future ahead of you.

It is not always easy to distrust friends, relatives... some people are more suspicious, but others are too trusting and don't see evil in others. On the other hand, some people need to to draw attention to their person and their successes (narcissistics and people with low self-esteem (although aren't them the same?)).

So, if you have cryptos, better think about it twice before opening your mouth. You have almost nothing to win, but too much to lose.

[Pmalek]

Think twice before doing anything.
Bitcoin gives you absolute power with spending your money, and that includes making mistakes. Thinking twice and double-checking your entries is crucial because once you press that send button, there is no going back. There is no customer support to turn to or a redo button to correct your mistake. If you adopt such a mentality, it can also help you outside of bitcoin and crypto. That in combination with common sense and you will never fall for an obvious scam ever again.

[lalabotax]

Don't believe in lies and false accusations but always do your own research. That's the most reliable advice I can give for someone new in this kind of industry. And never go for shortcuts towards crypto trading or investment success, everything comes from hardwork and full focus and attention on your crypto goal.

The points of your suggestion looks like almost similar with others
- Always DYOR
- Gain proper knowledge
- No instant success

Actually these are common suggestions that we very often saw in this forum. Those are surely useful suggestion, but sadly many of people don't care with the suggestions. Especially the newbies, they are too obsessed to gain money as much as possible. The obsession makes them forget the key for the success, they are not patient to get knowledge properly.

[Nheer]

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.

You have mentioned one of the things that are very important in the crypto industry and all investors must learn to not neglect these things if they want to be successful.

Borrowing money to invest will not actually solve things for you it is more like investing for the person you borrowed money from but just that you get to keep any profit made. When you borrow money to invest you will have no rest of mind and when ever there is a downward movement in the market you will be even more frustrated and there will be no rest of mind for you and you will be more bothered about paying back your debt.

A lot of people ignore doing their own research and always want to follow the predictions and speculations of others and it’s very wrong so we need to prioritize doing our own research to always have knowledge about what we are investing in.

Greed is also as important as others because it has cost a lot of people their fortune all in the name of wanting more. It is important for every investor to be able to eliminate greed from their investment.

[Nwada001]

Keeping your mouth shut is one of the most important ways to protect one's privacy, aside from keeping your private keys and phrases safe from the eyes of others.
 
Some of the theft cases that I have read online are due to how lousy the holder is, which attracts people to either set hacking traps or physical attack robbing.

If some people can learn how to keep their mouths shut, their chances of protection for their holdings will increase.

I honestly agree. You will secure more your privacy and anonymity if you keep your mouth shut constantly. Don’t be too trusting to other people and share them important details, that will only put yourself at risk. And always stay low key. Don’t tell people your crypto success, but only keep it to yourself. Focus on your own growth and progress by constantly educating yourself, that will establish your bright future ahead of you.

It is not always easy to distrust friends, relatives... some people are more suspicious, but others are too trusting and don't see evil in others. On the other hand, some people need to to draw attention to their person and their successes (narcissistics and people with low self-esteem (although aren't them the same?)).

So, if you have cryptos, better think about it twice before opening your mouth. You have almost nothing to win, but too much to lose.

Getting a family member, friend, or relative to trust some information is very hard, but in some cases we still have to take the risk of doing so. One just has to limit the number of ears they disclose such information to in order to also limit the number of people they suspect when things go sideways.
 
If not that, at some level, one just needs to share their crypto holding information with either their spouse or child in case of emergence. I completely like the idea of remaining anonymous and private about one's holdings.

[Asiska02]

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.

Not your keys, not your coins is the most advice you can come across in this forum about bitcoin and if you abide by it, you will not have problem owning and keeping a cryptocurrency in your possession. This is the main idea behind bitcoin ownership. Your security and privacy is what matters a lot in bitcoin and if you’re able to win over those two things, be rest assured that you’ll not have much problem in your journey in cryptocurrency.

Do your own research is also a very underrated skill you need to have when talking about cryptocurrencies. Without doing your own research, you won’t have a grasp of what bitcoin is all about and to also know which wallets are most preferable to be used as a crypto investor. These and many more should be knows but if you’ve taken the first step to know more about bitcoin by doing your own research, you’ll get to understand the market better and won’t be led astray of or regret joining the bitcoin community.

[Hyphen(-)]

My best crypto advice especially to the newbies gose as follows:

Avoid shitcoins

Do not invest due to FOMO

Invest using DCA method to avoid financial instability just because of crypto investment.

Invest what you can afford to lose, and don’t borrow money to invest in crypto.

DYOR.

[BitGoba]

1.Everything that is not bitcoin is shitcoin
2.Stay away from shitcoins they are scams

[Russlenat]

Don’t invest in new altcoins, stick to bitcoin. There is only one coin that proves its long term worth all throughout the years, that is undoubtedly bitcoin. And when you invest, invest with your knowledge first prior to investing in real bitcoin. And last but not the least, do not quit your real job in exchange for bitcoin investment. You will definitely reach that part when your investment profits are sufficient and sustainable enough. But as much as possible, go with multiple investments, not just focusing only on a single asset.

[DarkState]

My most important crypto advice:
"Never invest more than you can afford to lose."

Why is it most important?
Because of volatility, the prices of cryptocurrencies can be very rise or can be very fall. This is uncertain. So we should invest only as much loss as we can afford.

Thank you.

[Barikui1]

My most important crypto advice:
"Never invest more than you can afford to lose."

Why is it most important?
Because of volatility, the prices of cryptocurrencies can be very rise or can be very fall. This is uncertain. So we should invest only as much loss as we can afford.

Thank you.

Yea, it's also the most important crypto investment advice I can give to someone, because when you as an investor invest only what you can afford to lose, first of all your emotions will always be in check, especially the fear you feel if your investment isn't going as planned.

Another advice I can give to someone venturing into the crypto space is the person in question needs to go for knowledge first, before even putting his hard earned money, because in this crypto space we find ourselves, knowledge is very much key, that's why you will only get what you deserve,  if you are knowledgeable enough to know how to navigate your way safely, you will be very much profitable and ok, but if you knows nothing about the system and how it works, at some point, you will  pay for your ignorance, either to scammers or you invest your hard earned money in the wrong asset, just as shit coin is, so go for knowledge first.

And lastly, in this space we find ourselves, while investing, focus more on accumulating Bitcoin, because all other coin out their are not trustworthy as Bitcoin, because Bitcoin is the real deal.

[Makus]

The advice I do give to newbies is that, they should stick to Bitcoin before trying to trade or investment in another cryptocurrency, because they'll eventually loss their funds when they don't have the . basic knowledge of investment especially in a reputable coin first. And when creating a seed phrase, always ensure to manually back up your phrase so you don't save it online where it's vulnerable for hackers to manipulate. The best way to save your seed phrase is either save it in a hardware wallet or save it in a piece of paper and store it in a safe.

[Peanutswar]

Knowledge is one of your primary use if you would like to join into the world of investments and crypto of course once you already have this I guess one of the most essential is to secure your asset if you have a money to invest with your coins you must have a good layer of security for your devices you are using try to have atleast protection so hackers and infiltrators won't steal your information and of course your seed. Next is to invest to a hardware wallet it's just a few couple of dollars than lossing all of your money with just single mistake of clicking a link. Stay vigilant as possible.