Post
Topic
Board Bitcoin Discussion
Re: Bitcoin tips: the 10 Commandments
by
TheySeeMeHodlingTheyHatin
on 31/01/2018, 17:52:08 UTC
BITCOIN 10 COMMANDMENTS

1. Never invest more than you are able to lose.
2. Store your coins across different wallets/exchanges. (store your coins through hardware wallets for better security)
3. Buy low, sell high.
4. Understand and respect the idea of bitcoin and the intended direction set out by the creator and developers.
5. Take time to read news in full and assess if it is accurate and what it means, do not believe everything you read or hear.
6. Never allow your emotions to dictate your decisions, always take time to consider decisions and remove panic/fear from them.
7. Hold a diverse portfolio of cryptocurrencies to reduce risk.
8. Practice safe practices with passwords and private keys, do not ever share these with anyone under any circumstances. Give your cryptocurrency addresses instead. Always backup you wallet/private key and store it on multiple locations. (better if it is hand written)
9. Always put secondary securities if available.
10. HODL!


So i was thinking of a good idea to help beginners to start their journey in bitcoin and other cryptocurrencies. Then i came into this.
Would appreciate if you can contribute some suggestions that are better than mine so I can replace other commandments to make it look more better and helpful to freshers.

2. ONLY store in hardware wallets.
3. DONT SELL (CHECK COMMANDMENT NUMBER 10)
7. Buying different crypto currencies DOES NOT diversify your portfolio. They are the same class of assets.