Crypto tips for beginners | Avoid scams, grow your bag. My Opinion-NOT FINANCIAL ADVICE
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Joined April 2015
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Choosing Crypto retweeted
There are 3 skills every trade needs to master:
- Strategy: To create profitable rules
- Psyche: To consistently execute
- Risk: To stay in the game
Don’t overcomplicate it.
Are your trades ending in losses?
Learn why most crypto traders lose money, what profitable traders do differently, and the tools that make crypto trading profitable.
choosingcrypto.com/why-most-…
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Many new crypto traders hear the term Emotional Trading, but they’re not sure what it means or whether they’re doing it.
If you:
- Enter trades because everyone else is buying
- Exit trades out of fear instead of following your trading plan
then you’re trading emotionally...
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WRONG CRYPTO TRADING MINDSET:
Many beginner crypto beginners think, “If I’m not in a trade, I’m not making money.”
That’s the wrong mindset, and how people lose money.
Successful crypto traders don’t get paid for trading all the time. They get paid for making good decisions…
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People's claims about what they are doing in the crypto market are rarely to be trusted.
Don't let yourself be deceived.
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The real mistake was assuming #cryptofees didn’t matter because they looked small on each trade. I believed that if a fee does not hurt now, it will not matter later. I didn’t see it as a mistake until I laid all the numbers side by side.
choosingcrypto.com/how-i-sav…
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Any #cryptocurrency you don’t plan to move each month belongs in a hardware wallet.
This one step alone removes almost every major crypto risk.
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You’ll lose more money using stop losses in #cryptotrading than without them
Unless your entry timing is terrible
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If you buy #Bitcoin today and zoom out
10 years from today you’d be shocked what your investment would be worth
Just secure it well
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What you need to be successful in #crypto is:
One good trade every 2 months
NOT
To trade every single day
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Every platform should have a 'will function'—so that when someone is no longer around, their assets can be distributed to designated accounts according to specified proportions - CZ
这个话题大家平时都不想提，但目前人还不能永生。每个平台都应该有个“遗嘱功能”：不在的时候，自己的资产按照指定的比例分到几个指定的账号。法律监管条款里也应该允许未成年的小孩也能有账号（可以不允许交易，但可以收款）。
This is a topic people avoid, but the fact is, humans cannot live forever yet. Every platform should have a ‘will function’—so that when someone is no longer around, their assets can be distributed to designated accounts according to specified proportions. Regulatory frameworks should also allow minors to have accounts (they can be restricted from trading, but should be allowed to receive funds).”
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Most people don’t fail in crypto because they pick a bad coin. They fail because they don’t have the patience to wait for their investment to grow.
#cryptocurrency #CryptoTrading #cryptoInvestment
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In #Crypto, the biggest wins don’t go to the smartest… they go to the calmest.
#Crypto4Everyone
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Choosing Crypto retweeted
A few security tips on preventing phishing attacks.
- Never give your password to a "Helpdesk Agent". The real support agents will never need it.
- Don’t click on links you receive in emails. Login to your account only by typing in the URL or through a bookmark. Triple check it’s not a phishing site before entering any password.
- Do NOT use the same password on multiple sites. Use a password manager so that you have a uniquie and strong password for each site. Password managers will also not match on a phishing site domain.
- Use a hardware 2FA like Yubikey. These will prevent most phishing attacks.
Stay SAFU! 🙏
Until you know the #Cryptocurrencies to hold for long term and the one for short term, you may likely continue to struggle in the #CryptoMarket
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