I started in crypto in June of 2021, and I’ve learned a lot in my short journey. I thought I’d make this post to help newcomers.
- Don’t chase prices when they are sky rocketing and are near all time highs.
- It’s better to buy when crypto is going down and dipping. Look at how far it is from the all time high.
- If the crypto has a high market cap and has good real world utility, there’s a good chance it will do well in a bull run.
- Don’t listen to price predictions of ANY influencers.
- Take 15 minutes to learn how to stake your crypto, trust me it’s worth it.
- Learn how to do your own research (I have a post on my profile about that)
- Be very weary of influencer promoted projects. They’re not all bad, but be careful.
- Don’t panic sell during crashes.
- Bear markets are your friend for accumulation periods.
- Have an accumulation plan and an exit strategy.
- Trust no one.
Did I miss something? What else have you guys learned that could help newcomers?
My biggest mistake was panic selling during a flash crash. Never again.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments