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How long have you been in crypto? What have you learned?

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by COINS NEWS 80 Views

How many bitcoin halving cycles have you been apart of ? If you have been pre 2017 have you reached your goals? OG crypto bros if you had to go back and give yourself or anyone here advice feel free to share:

I’ll start

First heard of bitcoin in 2013 when the crypto cap was 10B. Bitcoin was trading at $500 and made a sharp jump in the late stages to $1000 at the peak late that year. In 2014 bitcoin crashed to levels of $300-400 after MTGOX which was much worse than the current fiascos from 2022.

  • Never leave coins on an exchange -Cold storage is the only way
  • Never buy at peak euphoria times
  • Conversely buy when no one is talking about it (historically the lows are 1 year after an ATH) which would appear to be 15.5-16k last year -DCA in the bear market, DCA out -When your comfortable to share bitcoin and crypto to your circle - don’t (it likely bites you in the ass) -When your portfolio looks good enough to take a screen shot consider selling -Don’t catch a falling knife, just because an Alt coin is down 80% doesn’t mean it can’t be down more -Most alt coin projects fail be prepared -Never invest more than you can afford to lose -Similarly never go leverage or over short -Keep your emotions in check, crypto is highly volatile and that won’t change -Bitcoin will never be replaced, over time you’ll need less and less to reach your financial goals -Don’t chase too many projects
submitted by /u/SimplyShred
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