Your most important crypto advice?

[Natalim]

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.

Let's make it simple. Since everyone shared their brilliant crypto advices, I've got only one to say, do not just follow blindly but learn to verify them as well. With personal experience, you will learn all of that without doubts. Just continue to DYOR and never be afraid to learn and experience something new, that's actually getting out from your own comfort zone and fulfilling the best version of yourself.

[uchegod-21]

The advice that currently works for me is:

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

Little did I know that those influencers are most times the owners of the project or they are in partnership with the project owners. Believe them at your own peril.

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.

Encourage them to invest and be ready to take the blames of failure. Teach them about bitcoin and allow them to make decision and become the hero

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.

This advice is key but at the heat of it, it is often neglected.

[JoyMarsha]

Avoid anyone telling you to invest with them on their platform with a said amount and receive a high amount of bitcoin within a short term.

For your information, bitcoin investment is not a short term investment plan. No one can promise you quick profit returns and it happens the way they predicted it to be. The investment you make in bitcoin should be done when you are ready to take up the risk in it, not when someone tells you to invest when you don't have the basic knowledge of bitcoin. However, invest when ready not out of FOMO of the profits you hear of that it gives

[2Pizza410000BTC]

Here I have come to read many advices related to crypto, I think I have acquired some knowledge from here. But I will give a very simple suggestion. My advice is to be careful when doing p2p trading as many scammers create fraud here. I have been scammed myself as I was scammed into my home currency by p2p and left without checking the balance. Scammers sent a message from them and it was a message from my local mobile banking (Nagad) I thought they paid my money so I left without checking the balance. Later when I went to check the actual balance, I saw tk.000 in my account, so I ask to be careful while doing p2p trading.

My other advice is to avoid investing in any exchange wallet and holding that investment. Always use your own wallet to invest. Also I have heard many people use casino platform wallets to hold investments I would say never use casino platform wallets to hold investments. Stay Away from Shitcoin Investing Be sure to use Bitcoin for long-term investing. Do not trust all people and reveal your investment to everyone, not everyone here may be of the same mind as you.

[Uhochi]

My most important crypto advice is to give the process time. Take your time to study and understand the market before investing.

 ⚫Do not be in a haste to cash out crypto money, because if you get caught up in the 'get rich quick' mentality, you'll be easily scammed.

⚫And do not invest more than you can afford to lose. Increase your investments as you go and understand the market.

⚫Lastly, don't invest all your money in crypto; ensure you budget properly, have your untouchable emergency funds, daily usage funds, crypto funds, and any other funds.

📌Do not use emergency funds for crypto, please.

Thank you. Is there anything else you'd like to add?

[Notalony]

Always know that mistakes are real so don't be in a hurry when ever you want to perform any transactions to avoid mistakes although one can as well learn from mistakes, another important thing is being conservative in your dealings in order to avoid being scammed. Always do your personal reasearch and make your analysis before making any form of conclusion, don't be carried away by things you see in the internet always be in control of yourself, because there alot of fake and negative information are can be very deceptive.

[Belarge]

Avoid anyone telling you to invest with them on their platform with a said amount and receive a high amount of bitcoin within a short term.

For your information, bitcoin investment is not a short term investment plan. No one can promise you quick profit returns and it happens the way they predicted it to be. The investment you make in bitcoin should be done when you are ready to take up the risk in it, not when someone tells you to invest when you don't have the basic knowledge of bitcoin. However, invest when ready not out of FOMO of the profits you hear of that it gives

Fear of missing out is entirely the top spot to consider when you're in the market. I'm not here for losses but for profits and will make sure I'm capturing every moment to earn profit. Before going into crypto, there are several parts to adhered to and the sectors are selectively stationed. Crypto advised are always precautions to noted early because if taken a wrong step, losses are recorded instantly.

[Maslate]

Don't expect too much from crypto. They can offer you potential profits but at the same time they can also used up your lifetime savings if you are not that patient and experienced enough in dealing with its volatile market. And if ever you decide to invest, stay away from taking out loans or borrowing money. Any kind of investment has its own risk, and once you take out loans just to invest, you are only increasing its risk to lose.

[Questat]

Avoid anyone telling you to invest with them on their platform with a said amount and receive a high amount of bitcoin within a short term.

For your information, bitcoin investment is not a short term investment plan. No one can promise you quick profit returns and it happens the way they predicted it to be. The investment you make in bitcoin should be done when you are ready to take up the risk in it, not when someone tells you to invest when you don't have the basic knowledge of bitcoin. However, invest when ready not out of FOMO of the profits you hear of that it gives

You are right here. Bitcoin is originally designed as a long term investment so if any one here wants to invest only for quick profits, you are in the wrong type of investment. Bitcoin isn't capable of that due to its high volatility and uncertainty in the market.

Just invest in the amount you can afford to lose, an amount that you won't certainly use for paying bills or for emergency funds, otherwise if you do that, the pressure will only gets higher and you can't deal on your bitcoin investment more patiently and calmly since you want to quickly see the amount of returns in just a short period of time.

[YUriy1991]

6. Don't invest on shitcoins
7. Don't be greedy

All coins/tokens are in a very appropriate price condition for us to buy for now.

For points 6 and 7 it is correct. I think this is a message that must be paid attention to, look today quite a lot of people who are disappointed due to the wrong choice in buying. At first, it looks sweet by buying a cheap price and wishing that the coins that have been purchased will increase in price.

I personally don't like to speculate by jumping here and there only focusing on the potential and having a good and fast defensive history in price reversals after a correction occurs. Maybe the coin is clear and everyone knows.

[Rustam Meraj]

I will make my best crypto tip is to do your own research (DYOR). This is important because crypto is always changing and what works now might not work later. By learning about crypto yourself you will understand it better and be able to make smart decisions that fit your goals and what you are willing to risk. If you just follow others without knowing what you are doing you might lose money. So it is important to stay informed and keep learning about crypto. And with my experience I have seen many times the big analysts goes wrong many times and market goes against them. And sometimes the YouTubers explain a project and they ask to join or ask to invest and this will become a scam so always doing research is an important thing in crypto or any other industry.

[CryptSafe]

OP, it is nice you asked this question and I believe you have received lots of comments and replies with respect to the subject matter leaving you with many options to gain knowledge and insight from but however I would like you to know this that irrespective of the fact that you have a good and sophisticated wallet and exchange where you keep your funds, there is one thing that is very important to keep your Crypto assets safe and secured and that has to do with security.

You can accumulate all the Crypto assets you want to but what would it be of benefit to you when you finish investing or buying coin and token and all of a sudden you wake up to discover that you have been scammed or hacked. In as much as Crypto safety is concerned, it is pertinent that you should provide security for your assets.

Centralised third-party exchange is never advisable to store your assets but your own personal self custodial wallet would be much better. Save up your pass key in a sheet of paper where you can easily get them. Do not use google cloud for saving of your assets key because if anything happens to your google account, all your details are automatically compromised and who ever did that would definitely have access to your assets. So be careful and do not lose guard. Remember the slogan " not your keys, not your coin"  Take your asset safety serious after investing.