FOR CRYPTO NEWBIES - WHAT TO AVOID

in #cryptocurrency7 years ago (edited)

Hi there,

This is my top 10 "What to Avoid" list if you are new to the space :

  1. Bitcoin (JK)....not really just buy Bitcoin Cash

  2. ICO's , unless they have something really fantastic to offer ICO buyers (and I dont mean the 20%), if you believe in the project just wait post ICO, the price will surely drop!!

  3. Pump and Dump groups

  4. Dont panic and FOMO

  5. Dont panic with FUD, DO YOU OWN RESEARCH!!

  6. Learn how to read charts (may help a little, but crypto is so volatile it can be very difficult skill to master)

  7. Never believe anybody who tells you they are a crypto expert (read no 5)

  8. Careful with the Youtube/social media type experts(me included), take advice with a pinch of salt, (read no5).

  9. ONLY INVEST WHAT YOU CAN AFFORD TO LOSE!

  10. Do not sell at a loss, HODL!!!

Enjoy the Crypto Space, I certainly am!

Onwards and Upwards!!

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