03-01-2021, 06:13 PM
To all the new people FOMO'ing into crypto right now
<!-- SC_OFF --><div class="md"><p>A lot of new people are getting into crypto that don't fully understand the risk they are taking. I know this space is exciting and the astronomical gains are tempting, but try to keep your head cool. </p> <p>Please don't use leverage, don't max out your credit cards, don't borrow money from friends and for fuck's sake don't sell your house to buy bitcoin. </p> <p>Don't blindly listen to people on YouTube shilling the next once-in-a-lifetime opportunity shitcoin. Take the time to do your own research and try to really understand the project before investing. The potential for huge gains is as big as the potential to get rekt. </p> <p>My advice for beginners: stick to Bitcoin and Ethereum for now. Add to your position on the dips, but only when you've got capital available to invest that you are willing to lose. If you can't sleep at night worrying about the next dip you probably have invested too much.</p> <p>That feeling of missing out will pass and new opportunities will be there every day. You are still early and you should be in it for the long haul. Enjoy the journey and try to have some fun on the way. These are exciting times and you are doing something for your future. That is something to be proud of!</p> <p>Lastly, if you have questions don't be afraid to ask. There are amazing knowledgeable people in this community that would love to help out!</p> <p>Take care
</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/monophylethic"> /u/monophylethic </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lv3bwq/to_all_the_new_people_fomoing_into_crypto_right/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lv3bwq/to_all_the_new_people_fomoing_into_crypto_right/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>A lot of new people are getting into crypto that don't fully understand the risk they are taking. I know this space is exciting and the astronomical gains are tempting, but try to keep your head cool. </p> <p>Please don't use leverage, don't max out your credit cards, don't borrow money from friends and for fuck's sake don't sell your house to buy bitcoin. </p> <p>Don't blindly listen to people on YouTube shilling the next once-in-a-lifetime opportunity shitcoin. Take the time to do your own research and try to really understand the project before investing. The potential for huge gains is as big as the potential to get rekt. </p> <p>My advice for beginners: stick to Bitcoin and Ethereum for now. Add to your position on the dips, but only when you've got capital available to invest that you are willing to lose. If you can't sleep at night worrying about the next dip you probably have invested too much.</p> <p>That feeling of missing out will pass and new opportunities will be there every day. You are still early and you should be in it for the long haul. Enjoy the journey and try to have some fun on the way. These are exciting times and you are doing something for your future. That is something to be proud of!</p> <p>Lastly, if you have questions don't be afraid to ask. There are amazing knowledgeable people in this community that would love to help out!</p> <p>Take care
</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/monophylethic"> /u/monophylethic </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lv3bwq/to_all_the_new_people_fomoing_into_crypto_right/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lv3bwq/to_all_the_new_people_fomoing_into_crypto_right/">[comments]</a></span>Kind Regards R