Quote from: m0gliE on December 15, 2018, 06:16:37 PM

Hello world.

So I've a small advice for everyone a bit new around here... Get a storage wallet.
Not mandatory a hardware wallet of course but get a wallet that you won't use daily, somewhere where your coins are safe and not too easily accessible.

Because otherwise with the amount of opportunities and tentations you're going to go all in in too much opportunities, one is doomed to fail and you'll lose it all.
I'm giving this advice because since I've got a hardware wallet I've finally managed to split my profits from investments between reinvesting and storing.

Before that I ended mainly losing my profits because I reinvested everything all the time...

So get a storage wallet, and split your profits.

Thanks for the advice,it sure does work for some people, however i think what is more important is self-discipline. someone with an ichy hand to trade or spend will not find a problem walking 10 miles to his paper-wallet that is buried in their grandmother's back yard.

one needs to make a straight forward plan and stick to it. for example a distribution of his earning and total hodling.

- a % of everything be it new earned coins from mining/trading/buying must be kept in a cold storage wallet and never touched until x point of time
- a % to cash out regardless of market condition , also out of this part it should be distributed , maybe in Gold,stock,JPY,AUD (just to hedge against your hodlings)
- a % to risk at either day trading/mining.

i started to follow a plan like this recently and my overall situation looks much better, i was so stupid to re-invest everything i get into mining hardware thinking it was the best option, bought some miners when btc was trading at 10-12k, which some have yet to ROI and now they are selling for almost 70-90% cheaper. i should have cashed out a good portion,i would have more btc and more miners by now. but ya nobody learns for free, we have to pay for every lesson.