I put this list out here so that everyone can take caution when entering the crypto world. This space can be very rewarding but is highly volatile.
- Never invest more than you can afford to lose.
Take this to heart.
2)Never "Chase" the spike.
FOMO (Fear of missing out) is real.
- NEVER panic sell.
Trust me I've been there and so have countless people.
4)Invest in SOLID fundamentals.
Think outside the box and look for teams that have bigger visions.
5)Watch the market at least a week before you buy.
Learn the market, I watch the market for at least 14hrs a day.
6)Pick your top 10 cryptos then narrow it down to 5.
Keep your portfolio thin for now. The more money you bring into crypto then you can diversify.
7)Never keep the majority of your coins on the exchanges get a cold wallet.
Don't be another MT.Gox victim
8)Don't touch your cryptos unless you absolutely need too.
Just look back at the historical snapshots on coinmarketcap, you will thank me later.
9)Give yourself space from this addicting market.
Money never sleeps, I know, but your health is key.
10)Don't fall for fakes.
People are looking to make a quick buck and will have no problem taking your money.