Some Crypto Currency Rules

in #crypto7 years ago (edited)

What can i tell you about the crypto currency market.
It’s a hard Market and i think the most people joined because of the huge hype of the last year and the fast profits.
But a lot of people start investing their money without inform about the teams, projects and their technology, most of this people had a lot of luck because of the hype.
I wanna tell you some rules to safe ur money because u should never forget u can also lose money in this fast market.
Coins they are hyped today could be death tomorrow.

Besides, the order is absolutely arbitrary

  1. Only invest what you are also ready to lose!!!!
  2. Buy and Hold Bitcoin for longterm and dont worry about little price corrections!
  3. If you also wanna invest in Altcoins inform about the team and technology of this project and does this project has potential in the future!
  4. As a Krypto-investor you only need 2 or 3 Exchanges, In my oppinion the Top 3 are: Bittrex, Binance and Poloniex!
  5. Never buy coins outside of Exchanges without Escrow. It’s too risky!
  6. Dont fall in love with your coins! Maybe you have to sell them for your Profit!
  7. If you don‘t have enough time to inform about the Crypto Currency market use Social Media like Twitter!
  8. Don’t trust EVERY Crypto-Youtuber, inform yourself about the projects!
  9. After the investment you should think about a sale strategy!
  10. Dont invest in every ICO! Its better to be invested in 2-3 good ICO’s every year, than risk your BTC or ETH in bad projects!
  11. The best deals are made behind the scene!
  12. Share your knowledge with the Community!
  13. Change your password every month and use different email adresses!
  14. The best way to store your passwords is a paper + pen!
  15. Always hold a small amount of BTC ready for quick invests because the market can change very fast!
  16. The best marketing is pointlessly without good technology!
  17. The security of your computer is very important: protect your system with a good Firewall and be carefull with Smartphone-Logins!
  18. After invest do your homework and inform you about the latest news!
  19. If you feel uncomfortable about a project , DON’T invest the next chance will come!
  20. If a Crypto-Currency is in combination with a Multi-Level-Marketing-System, it concerns a scam and you can lose your money!
  21. Do not invest in hyped coins after several hundred percent of course increase!
    most of the time you will end as bagholder!
  22. If you hold a big BTC amount buy a hardware wallet or use a paper- wallet!
  23. If u did 1000 % or more profit in the last months, NO panic if the market reacts with price corrections!

I wish you good luck!

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