😒This is not an instructional!!! It's a confession!
I was a noob buying into cryptocurrencies and ooh how I have learned. Things were smooth the first two weeks and I was patting myself on the back thinking I was such an intelligent person.
And then I blew it. Blew $715. To many that's not a huge amount but for me, it was painfully a lot of money. I know I wasn't supposed to use "food and rent" money but I thought I would pull the trigger.
Well... my trusty Mac was hacked. Next thing I know, I lost all of my Bitcoins, Ethers, and Litecoins. That $715 would been... ready for it??? It would have been $27,542 today June 23, 2017. I feel sick just thinking of it.
This isn't an instructional. Rather it's a confession that I'm one of those dumbasses that didn't listen and lost a shit ton of money. Most people will not want to admit to it but I am writing to help anyone from losing money like I did.
For fear of anything else happening, I won't say what exchange I was using at the time. Sorry!
So here's my advice:
When you buy any crypto currency such as Bitcoin, Litecoin, Ethereum, Ripple XRP, Golem, etc ... Get it off the exchange!!!!
At the very minimum make a paper wallet.
Do a cold storage. This means storing your crypto on a USB stick / Hard drive or a hardware device like Trezor that is offline.
Don't spend your food and rent money. Please!
There's a lot of information to do cold storage wallets and paper wallets. Google or YouTube it :-)
Write good
Very interesting
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Interesting thoughts