1) Diversify your portfolio if you are unsure of what youre doing, then narrow down your portfolio if you know what youre doing.
This reminds me of people who bought many altcoins 2 years ago and did not sell all the coins. In this market, people need to have a lot of common sense.
2) Surround yourself with crypto people, do not recruit your friends into investing in crypto.
It depends on your friend's abilities. For example if your friend was a big investor or trade, it sure would be a good idea "to recruit" him
3) Invest 1020% of your income after tax in crypto (since most of you, dont know what invest what you can afford to lose means).
greed blind people
4) Think long-term profits, not short-term gains.
if the person has good knowledge, then he will make a profit in both long-term and short-term
5) Always do your own research. Manipulation, hype, pump and dump, fraud, scam, hacking, and stealing, are common here in this space, and can sometimes lead people to financial loss.
I agree