Quote from: steelzeppelin on May 16, 2018, 08:51:09 AM

Do not put money into crypto that you cannot afford to lose. This is gambling, no other way about it. Most of these projects will fail, and if you put all your investment into a single project, you will lose that money.

Do not day trade. Trying to catch waves daily may work in the short term, but will not give you long term gains. Research the companies and platforms, choose carefully where you want to invest, buy your coins, store them somewhere safe, and leave them alone. Even if the market tanks, like what happened the other day with South Korea, just leave it alone because this is just money that you can easily afford to lose.

Do not listen to the shills on the internet. Don't listen to CNBC, "experts" on Youtube, reddit posts claiming to have the new moon coin, or anything else. As previously stated, do your research, find companies with actual promising partnerships and a real product that solves a real problem, and invest with them.

Cash out your principal after you've made some modest gains. Playing with house money is the best way to play. Also, you may want to set up "mile markers". For example, if my portfolio gets to X amount, I will cash out Y amount and pay off a credit card. If it then gets to Z amount, I'll cash out another Y, and so on.

Simply have faith in yourself that you've made sound decisions and those decisions will pay off in the long run. No one knows where this will go, but I think it's going to be much larger than anything we can imagine.

And never borrow the money to invest it further in the cryptocurrency. I also think that this video will be very helpful: https://www.youtube.com/watch?v=omXPt53KIWc