04-17-2022, 07:39 AM
Some friendly not financial advice
<!-- SC_OFF --><div class="md"><p>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.</p> <ol> <li>Don’t chase prices when they are sky rocketing and are near all time highs.</li> <li>It’s better to buy when crypto is going down and dipping. Look at how far it is from the all time high.</li> <li>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.</li> <li>Don’t listen to price predictions of ANY influencers.</li> <li>Take 15 minutes to learn how to stake your crypto, trust me it’s worth it.</li> <li>Learn how to do your own research (I have a post on my profile about that)</li> <li>Be very weary of influencer promoted projects. They’re not all bad, but be careful.</li> <li>Don’t panic sell during crashes.</li> <li>Bear markets are your friend for accumulation periods.</li> <li>Have an accumulation plan and an exit strategy.</li> <li>Trust no one.</li> </ol> <p>Did I miss something? What else have you guys learned that could help newcomers? </p> <p>My biggest mistake was panic selling during a flash crash. Never again.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/SkepticalCryptoDude"> /u/SkepticalCryptoDude </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u5a4o3/some_friendly_not_financial_advice/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u5a4o3/some_friendly_not_financial_advice/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>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.</p> <ol> <li>Don’t chase prices when they are sky rocketing and are near all time highs.</li> <li>It’s better to buy when crypto is going down and dipping. Look at how far it is from the all time high.</li> <li>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.</li> <li>Don’t listen to price predictions of ANY influencers.</li> <li>Take 15 minutes to learn how to stake your crypto, trust me it’s worth it.</li> <li>Learn how to do your own research (I have a post on my profile about that)</li> <li>Be very weary of influencer promoted projects. They’re not all bad, but be careful.</li> <li>Don’t panic sell during crashes.</li> <li>Bear markets are your friend for accumulation periods.</li> <li>Have an accumulation plan and an exit strategy.</li> <li>Trust no one.</li> </ol> <p>Did I miss something? What else have you guys learned that could help newcomers? </p> <p>My biggest mistake was panic selling during a flash crash. Never again.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/SkepticalCryptoDude"> /u/SkepticalCryptoDude </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u5a4o3/some_friendly_not_financial_advice/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u5a4o3/some_friendly_not_financial_advice/">[comments]</a></span>Kind Regards R