Post
Topic
Board Bitcoin Discussion
Re: Bitcoin tips: the 10 Commandments
by
Xenrise
on 31/01/2018, 17:56:41 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.
This is the shortest explanation on how to trade as a newbie. I really agree on your points. Those points were the things I know in trading. And in trading, I bet that newbies can win trades not much of a high profit but at least a win because of this commandment. I commend you for this.