Your most important crypto advice?

[CryptopreneurBrainboss]

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

Focus on investing in Bitcoin, I wish I had someone to tell me this when I started my crypto investment journey and I wished I followed the advice too. Immediately you start investing in altcoins, it becomes difficult to focus on Bitcoin and when you begin to ignore Bitcoin you lose out of the generational wealth you could have created for yourself and your family. It's not too late if you missed investing in Bitcoin as you can always turn the wheels around and focus on accumulating Bitcoin and not altcoins. Just know altcoins are for gamble and I'm not saying you can profits from it but it shouldn't be your main focus.

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.

This is another one but this doesn't mean we can't use centralized service but we shouldn't leave our Bitcoin with them. When the options for a decentralized service isn't available, we can used CEX but don't used them as a wallet. The choice of exchanges being used as wallet is one big mistake newbie do alot and it causes them to lose their Bitcoin or altcoins when exchanges go bankrupt or exit scams. We shouldn't entrust our crypto to a third party and neither should we use wallets that aren't non constodial.

[Ludmilla_rose1995]

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.

interesting, however, basic knowledge about securing personal wallets, especially bitcoin wallets, is something that must be prioritized, just imagine when you start to have some bitcoins in your wallet but you can't secure them then it is certain that one day the bitcoin assets you own will be stolen or lost due to accident

[Tmoonz]

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.

I completely agree with all that have said, yeah our investment money should be more like a disposable income after taken care of whatever might have been considered to be a basic needs which by so doing we can comfortably invest with much of the emotions attached to it while making a good and informed decisions that will be in line with our investment goals and objectives, don't invest because it is what everyone seems to be talking about or doing but rather you must have your personal conviction before making any investment, and it must to suit you in terms of your financial stand, risk tolerance level and investment goal and objectives inclusive.

[Sandra_hakeem]

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

Don't ever believe anything you see on the internet - no matter where you see it.... All 'em crypto wannabe projects are getting launched every single day and, all you can do about it - unless you've got specific techs to indulge - is avoid them.

Avoid trying to be part of a ponzi scheme for any reason; sometimes, it could be a trend of the season and your folks may have been a great guest to the party already etc...
We've got naysayers in almost any platforms you could seek to have visibility; there's never a good report about Bitcoin from them. Don't believe anything you see.

[Wakate]

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.

There are many advise you need to keep in your mind if you really want to invest and make money from the cryptocurrency market. You need to be very careful about altcoins because that is where people have been losing money investing in the wrong coins. It is good we need to plan and take a move quickly when making investment especially doing research because this is one of the ways we can lose money in the market. You need to be able to make your own decisions when it comes to the crypto market because this is what is going to help you scrap out bad opinions from people.

[Makus]

interesting, however, basic knowledge about securing personal wallets, especially bitcoin wallets, is something that must be prioritized, just imagine when you start to have some bitcoins in your wallet but you can't secure them then it is certain that one day the bitcoin assets you own will be stolen or lost due to accident

Yeah, security is very important in this network. As enthusiast we must learn to keep and store our seed phrase well because scammers or hackers don't have pity or  show Remorse for anyone they scam. In Bitcoin investment the most important data you have is your mnemonic seed and if anything probably happen to your mnemonic seed, all your holdings are gone, meaning you spent all th Se years and effort all in vain.buying a water proof safe shouldn't be a problem for those who wishes to secure their funds. Though most persons improvise by using other storage medium to keep their seed phrase safe but, if your seed phrase gets licked online you should consider moving all your Bitcoin to a new address and save your seed phrase manually.

[Sebas.tian]

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.

It is a good advice to crypto users which is very important for newbie to be aware before joining the forum, because there are some group of people sharing fake information across social media just to scared people, but if you understand crypto very well you will not be scared if you see such news in the community. Many people has loss all their funds for following shortcut to invest their funds, because they followed shortcut to earn quick income that lead them to loss their funds for other people to learn, and never to embark on shortcut in the forum. Create a good time to be more function in this forum, so that you can learn so many things that will add value to your efforts to ensure you be among the people will enjoy the benefits of crypto.

[letteredhub]

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

Always be patient to verify before hitting the button: Never be in a hurry to take an action on any information you read on this space. Don't be the guinea pig to be used by others in the experiment of any new project that appears online, get patient, watch and wait till you hear from the experience of others about the project before jumping in. Stay cautious.

Don't live on the assumption that a site is correct and genuine because you have seen it before somewhere. Scammers can modify a genuine site with just a dot or slash symbol, and if you're naive not to bother to cross-check you might fall victim of scam while believing you're in the genuine site. Stay awoke guys.

[shanhaigamefi]

Do thorough research yourself before investing. Additionally, avoid greed during trading and carefully evaluate the analyses and studies available in the market.

[knowngunman]

Do thorough research yourself before investing. Additionally, avoid greed during trading and carefully evaluate the analyses and studies available in the market.

Aside doing thorough research which is a prerequisite before starting your crypto journey, I would also advise everyone to guard their wallet keys as if there life depends on it. Yes, there life actually depends on it because the assets shaped their future.

I have fallen victim twice and I know the implications of carelessness as regarding our keys. If you can not safeguard your keys, you are probably holding assets for another person. As Op stated, it’s not your coin if your keys are not well secured.

[Parvati_j]

Do your own research is the best advice I can give to any newbie like me who is just starting not quite long. These days we find lost of misleading information and knowledge online, and the way they are being package, you'll receive them without knowing that they are just mere assumptions. There are several telegram channels that claim to have crypto predictions expert and you'll pay some amount of money to receive update on the latest launched and potential projects. Cmon guys, you can actually make these researches yourself and even come out with a good result, all you need is to study an pay more attention to the teaching in this forum.

[Finestream]

Don’t take shortcuts and get rich quick instantly, you will only fall onto the hands of scammers and eventually lose all your money. Stick to the rules and follow the basic steps, slowly but surely.

Never gets tired on researching and learning everyday. Knowledge foundation and patience are the keys to success . It may not happen instantly, but with due diligence, everything is possible in the end. Just trust the process.

[Miles2006]

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

Whenever crypto is mentioned somewhere for example, social media, public places, occasions etc, I will always consider privacy as my priority. People usually fall victim to different scam method mainly because they had discussion in an open environment about bitcoin investment unknowingly. Security is also important, where and how an investor can store their coins and save their seed phrase, concerning bitcoin accumulation method, any one can start with any strategy depending on their income but, the dca strategy is most common where you can buy and hold monthly or weekly with any amount. Lastly not all crypto will be beneficial during the long run so while making any choice make it wisely.

[johnsaributua]

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.

That's right, because these simple things make people sometimes think it's not too crucial / underestimate because they believe in security, the fact is that pharase is the mouth of access to storage, if in bitcoin core maybe more addresses can be owned with 1 pharase if imported, but it doesn't apply to altcoins like metamask or okx, it's manual and only 1 wallet appears and is synchronized. Sometimes people are curious about their own browser and open new domains brutally, many google notes products with email access such as ggoogle keep, docs, spreadsheets etc. the features are good but if our email is careless storing pharase in the cloud is not a good idea. better manually whatever the medium is to write / write. the internet is like a 2-way mirror that can turn around at any time.

[Yaqs15]

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.

This is the fact about newbies like me. From experience, I have been a victim of something like this, so, is better for us to not rush into investing in a particular coin because of the shallow knowledge gotten. Acquire enough knowledge. Do more research and don't just trust anyone you just met with your wallet and private keys I'm sure you know this. avoid trial error trading, this is not betting. Beware of scammers so don't be so greedy in investment.
It's not written on their forehead as a sign of scammers but they  have some characteristics. Like trying to help you or showing you some fake online testimonies of people that they have helped. And a lot more of things like these which are all lies.

[GeorgeJohn]

Everyone have one or two reasons to cryptocurrency, but I understand that in cryptocurrency what is necessary is to know a particular coin you want to invest on, because if you invest without direction it might end you to lose your investment, so for beginners who doesn't know the way forward of cryptocurrency suppose to know that cryptocurrency investment is risk and it needs a lot of time to study and digest the pathway of it's investment properly before investing on it.

[aoluain]

1. Concentrate on Bitcoin

2. Learn how to take control of your own Bitcoin

3. Learn about FUD ^{Fear Uncertainty & Doubt} and when it will affect you and how to become immune

4. Learn FOMO ^{Fear Of Missing Out} and when it will affect you and how to become immune

5. Study the historical chart for Bitcoin, Zoom in to see all the daily movements, Zoom out to see how they dont matter.

[moneystery]

don't trust others, invest and save your own bitcoin in your wallet. this is an important advice for someone who wants to invest in bitcoin. because there are some people who want to invest in bitcoin, then they trust someone else to buy them bitcoin, and let that person control their assets. unfortunately this trusted person ran away and took all the bitcoin, and the person finally cried knowing that all his assets had been taken away. that's why it's important to learn how to invest in bitcoin and how to manage it in a non-custodial wallet personally without the help of others, to prevent such things from happening.

[doomloop]

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.

I am not going to suggest new altcoins or meme coins, I am not even saying that all altcoins are worthless or that investing in them can lead to loss because there are some good altcoins in the market along with Bitcoin. Some have always given profit to their buyers, the top names are ETH, BNB, SOL, etc. In my opinion, these coins are very good.

If a trader with low investment chooses them for trading then it will not be bad but if one wants to invest his money for the long term then Bitcoin is the best and it is for everyone. Know that Bitcoin is the king of the market but these coins are also good for investment. The rest is everyone's personal choice, some people like to invest in Bitcoin and only Bitcoin, some people invest in meme coins in the market and some people prefer to invest in alternative coins but I think there should also be some good alternative coins in a portfolio with Bitcoin.

[yazher]

The advice that currently works for me is:

1. Avoid YouTube influencers when you plan to invest in Altcoins.

2. Don't encourage others to invest rather teach them about bitcoins if you know they have enough knowledge to comprehend what you are saying to them. in this way, you can avoid any blame from them because you only convey to them the necessary knowledge about cryptos.

3. Always buy bitcoins whenever the price is low, you won't regret this decision but spend only what you can afford to lose.

4. Long-term investment in bitcoins is the best decision you could ever make no one can deny this.

5. Don't you ever take loans to use in investment in crypto.

6. No one should know that you are holding some bitcoins whether small or big. in other words, don't flex it.

7. Last but not least, patience and perseverance during a bearish market are the best traits you could have, so always prepare for the bad scenarios, and don't worry, it won't last forever.