I have been in crypto space since early 2016 - see my flair.
Each bull run brings a bunch of new people, who will make the same mistakes I and thousands of others did.
Since all evidence points to the fact that this is the start of a new bull run, please consider the below moving forward.
Top advice I can provide:
Stop looking at the price daily. If you truly believe in this space and what it can offer, looking at the daily price fluctuations may grow doubt / cause you second thoughts. Doesn't apply if you are trying to day trade (which I would not suggest for new people - it will likely not end well).
If you are looking to cash out / sell, NEVER sell your entire stake. My 350 USD ETH sale was profitable, but well, you know.
If it sounds too good to be true, it is. There is always a catch.
Never trust anyone who sends you a pm with offers / ideas / whatever it may be. Crypto is ripe with scams.
Do not be swayed by hype threads / DD threads. IF YOU DO NOT BELIEVE IN THE COIN / PROJECT, you will be looking to sell at the first red day. Do your own research, BUILD YOUR CONVICTION.
Write your seeds on paper, and store it somewhere safely. Keep your seeds offline.
Often times the most successful investments are the ones where it doesn't make much sense. You must try to think outside of the box. What I mean by this, is that while a coin may have a great argument and such may be a good idea, at the end of the day, a coin that would be easy to adopt and use by the masses (even if it doesn't have a great use case) may be way more successful. Think like the majority of traders would (this is for offshoot investments - not your main ones).
If you have to do moonshots / high risk investments, set a stop loss and stick to it.
Lastly - it needs to be reiterated - BUILD YOUR CONVICTION. What do all the successful traders have in common? They have conviction. They invest and make a trade and stick with it because they believe.
That should be it for now. If you do the above, I have no doubt in my mind you will be successful.
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