Quote from: hassancisse on August 02, 2020, 12:41:07 PM

If you are a newbie in crypto world you are bound to make some mistakes but this thread is for you on how to avoind making those mistakes

1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.

The better way to get the most useful information of such project is by the used of these forum as you can see most of information related to Bitcoin and other crypto currencies are posted on these forums and every each information posted by the moderators are more accurate and reliable.

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2. You want to avoid using the wrong crypto exchanges. This is one thing you want to avoid because it can make you lose all your assets. You need to research about the exchange before even registering. Some exchanges have fake volumes and are not transparent enough.

Better to inspect carefully and thoroughly to ensure that your funds are in good hands.

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3. You dont want to rely on a single coin- Diversification is very important when it comes to investment. You dont want to put all your eggs in one basket.

Yes! Its really are important to know that you should invest a money that you can afford to lose.

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4. You want to avoid the fear of missing out (FOMO)- When you see everyone buying a trending coin you dont jump in, it might too good to be true

You should have better control on your emotion and don't act harshly its better to observe first the market then decide accordingly on what you seems right based on your observation.

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5. You dont want to forget the basic security. Keeping your private keys safe is very important. As a newbie you should understand how important private keys are. Also 2 factor authenticator shold be added to all your exchanges

Always keep your private keys in safe and never trust anyone but yourself.

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