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The 21 Crypto commandments to live by.

All Cryptocurrencies

by COINS NEWS 78 Views

  1. Never invest money you will need in a short period. Investing is not a game, so quit playing.

  2. Never invest money you will need during an emergency. You might be down at that moment.

    1. When investing, forget about the money you invest. Solid projects go up and down daily, but yearly, it’s mostly up.
  3. Get used to 20-50% drops and months, if not years, of no sign of life. The faster you get used to this, the less stressed you will be.

  4. ALWAYS GO AGAINST THE MARKET. I mean, panic BUY when everyone is panic selling, take profit when everyone is FOMOing in.

  5. Time in the market beats timing the market! Persistence always wins.

  6. Everybody is a genius in a bull run.

  7. NEVER SHARE YOUR PRIVATE KEY OR INPUT YOUR 12/24 WORD PHRASE IF YOU ARE ASKED BY ANYONE ANYWHERE.

    1. If you get an email that causes you to fear and have a heart attack, it’s most likely a scam. ALWAYS DOUBLE-CHECK THE EMAIL. If it’s a scam, it will be some random email.
  8. NEVER CLICK RANDOM LINKS IN EMAILS! You are not getting shit for free in life.

  9. If it’s too good to be true, it most likely is.

  10. Meme coins are a gamble, not an investment, always take profit or at least your initial investment. Having something to show for it, rich on paper, is not something to be proud of. Life-changing money means nothing if you don’t change your life with them.

  11. Never chase pumps. You missed it. It’s gone. Move on. Don’t chase it—you playing with fire.

  12. Never panic sell. There will almost always be a bounce; if you want to sell, do it then.

  13. (For USA residents) If you sell for profit or switch between cryptos, be ready to pay taxes. Yes, you can hide it, but sooner or later, Uncle Sam will get his piece of the pie, if not the whole cake.

  14. Always have a nice stack on the side for significant dip days. Millionaires are made during bear markets.

  15. The trend is your friend until the end.

  16. Do not leave significant funds on an exchange, not your key, not your crypto. Ask those who used mt gox, cryptopia, and many other “good exchanges.”

  17. Be prepared to be down or even for at least two years. Even if you are up 1000%, bear markets can be brutal. Ask those who were up in late 2017.

  18. Quality over quantity! It’s better to bet big on five different projects rather than betting small on 15 various projects.

  19. Don’t hate Bitcoin. It made all this possible. It will remain, king, no matter what place it’s in. It’s like hating your grandpa for being slower than you. He is the reason you are alive in the first place.

I have been in this game since 2016. I know it ain’t much compared to some of you fellow degens on this forum, but I’m sure they would agree with most if not all these points.

Feel free to add shit I may have missed.

submitted by /u/Pupulikjan
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