Recently
@1miau opened two threads on our
Naija board and
Beginners & Help board asking for the best advice on cryptocurrency. I have read almost all the advice in those two threads and have summarized the important advice for everyone's benefit. I don't know how useful it is for everyone. But for me the advice is very important, I have summarized the two threads to save it and for the benefit of newcomers.
Here are the tips.- Always try, buy deep and hold.
- Never rush to send funds to an address without proper confirmation.
- Do your research before you start investing in any cryptocurrency.
- Verify any wallet before downloading and installing it. Don't trust any link.
- If it's too good to be true, it probably isn't.
- Not "yesterday", not "tomorrow", not "when the price drops", not "when will Satoshi come", but right when you first heard about it. Don't put it off "for later", start working right then and there.
- Don't trust, verify.
- Don't put all your eggs in one basket.
- Only invest money you can afford to lose..
- There is no free money on the internet..
- Know what is important and what is not and focus on what is important..
- If you plan to make a profit, be prepared to lose too..
- Start slowly but consistently..
- Say no to FOMO..
- Now is the best time to get into the market..
- New investors should complete their own access with a few steps, such as email verification and fingerprint..
- Cryptocurrency is not a get-rich-quick scheme..
- If you can afford it, use a good hardware wallet to store your coins..
- Don’t invest in cryptocurrencies using borrowed funds..
- Don’t take out loans or borrow money to invest in Bitcoin..
- Understand the difference between Bitcoin, shitcoins, and altcoins..
- Securing your seed phrase is the most important thing to do for both new and experienced crypto users..
this one sharp all advise copied na this kind thing I want to Dy hear for here.