Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin tips: the 10 Commandments
by
Jeremycoin
on 01/02/2018, 16:11:34 UTC
⭐ Merited by reck1ess (1)
I don't think there are 10 of them, you actually repeating most of the points in the other number.
For example, number 2, 8, and 9 supposed to be in the same place.
And 5 & 6 also supposed to be in the same place.
And 3 & 10 too.

#1 Never invest more than you are able to lose.
#2 Store your coins across different wallets. (For larger amount of bitcoin, HARDWARE WALLET is highly recommended) - Note: If you don’t have ownership of your private keys, you don’t own Bitcoin.
#3 Buy low, sell high. (Just buy on the dips and hold)
#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. (need better suggestions: to be replace)
#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!