A Beginner's Crypto Tips for Beginners

It was actually on the Steemit platform in June 2017 that I started reading about the Blockchain and cryptocurrency. STEEM was my very first coin and introduced me to the idea of decentralization. However, I only began dabbling with the concept of digital currency at the end of the year, and by that time Bitcoin had skyrocketed from $2500 to $9000.

I felt I had read enough and should dip my feet in it. At the same time I learned about FOMO (FEAR OF MISSING OUT) and FUD (FEAR, UNCERTAINTLY, DOUBT) and I didn't want to fall prey to either....but that's easier said than done!

Although I am still a beginner, I'd like to share some tips. These are my top dos and don'ts.

The don'ts

Don't share sensitive information online to buy Bitcoin, there are many hackers and scammers ready to cash in.
Don't listen to all the Youtubers! It's usually the blind leading the blind and many are after your money. Find reliable sources of information.
Don't get tricked into the greed cycle of lending platforms unless you invest the minimum required and are willing to lose it all.
Don't invest in new ICOs unless they are free! There are many startups in these early stages of the crypto boom and only few will be successful.

The do's

Read and watch everything you can by Bitcoin expert Andreas Antonopoulos.
Learn about storing your coins online on www.blockchain.info, on your desktop with EXODUS, or the most secure of all an offline cold storage with a hardware wallet or a paper wallet. You can also store small amount on a mobile app.
Make security in any case a top priority.
Earn your first Bitcoin by exchanging it with STEEM.
Learn how the exchanges work and choose a selected few such as Binance, Bitstamp and EtherDelta, a less user-friendly decentralized exchange.
Teach your friends. The more cryptocurrency becomes mainstream, the sooner monetary freedom will become a reality.

Words of wisdom by Wilma Flintstone :
"We have scrimped and saved for that money and everytime we get a little bit ahead you have to go blow it on some hair brained scheme."

Here's a video by Andreas Antonopoulos where he talks about "Money as Free Speech":

Do you have any tips you'd like to share? Feel free to post them in the comments.