Post
Topic
Board Bitcoin Discussion
Re: Basic Bitcoin skills
by
bpovtmg
on 13/09/2021, 19:53:43 UTC
Welcome to the forum. Depends what country you're in, but:
1. Do not store your bitcoin on exchanges or webwallets.
2. Do not daytrade.
3. Do not invest in cloudmining (Most are ponzis, fractionally reserve mine, or charge too high fees = you will never ROI).
4. Do not mine until you have done at least 100 hours of research.
5. Do not invest your bitcoins in any investment schemes.

And don't put more than 10-15 % of your fiat savings into crypto. Crypto is still a highly speculative and volatile asset.

Use dollar-averaging, i.e. you regularly (every day or weekly) buy a certain (small) amount of crypto averaging your costs.