7 𝐂𝐨𝐦𝐦𝐨𝐧 𝐌𝐢𝐬𝐭𝐚𝐤𝐞𝐬 𝐓𝐨 𝐀𝐯𝐨𝐢𝐝 𝐖𝐡𝐞𝐧 𝐘𝐨𝐮 𝐒𝐭𝐚𝐫𝐭 𝐘𝐨𝐮𝐫 𝐂𝐫𝐲𝐩𝐭𝐨 𝐀𝐝𝐯𝐞𝐧𝐭𝐮𝐫𝐞 (#7 𝐈𝐬 𝐌𝐨𝐬𝐭 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭)
1. Don't invest more than you can afford to lose.
(Crypto/Web3 is rewarding and also risky!)
2. Do your research (DYOR) before you invest
(Vet any project before you invest in Crypto)
3. Don't FOMO in on any Crypto/Web3 project
(FOMO means: Fear Of Missing Out)
4. Don't keep your Cryptos on any exchange
(Best to use Hot/hardware wallet for safety)
5. Don't give your PRIVATE keys to anyone
(NOT even anyone called customer support)
6. Don't fall for "PnD" schemes in Crypto
(PnD = Pump & Dump projects on DEX/CEXs)
7. Be aware of phishing links/scams.
(If it seems too good to be true, maybe it is!)
BONUS:
- Don't put all your eggs in one basket.
(Best to diversify your portfolio to mitigate risk)
- Don't get emotional with your investments
(Sell & Take profits when you feel like it!)
Note: Binance is a trusted exchange with proof of funds, your funds are always SAFU.
(SAFU = Funds Are Safe)
I have educated over 1400 people directly
and introduced them to the crypto industry.
If you're ready to start investing or trading
and claim the opportunities available for you in the crypto space…
Then, I would love to help in the comment.
Which of these common mistakes do you
have a personal experience with or heard
people talk about before?
Share it with me in the comment section.
PS: Kindly support me with a tip and repost.
PPS: This is a continuation of the series I
started 2 weeks ago. Check my feed for
the previous lessons and read them up.
𝑭𝒊𝒓𝒔𝒕 𝒕𝒊𝒎𝒆 𝒔𝒆𝒆𝒊𝒏𝒈 𝒎𝒚 𝒄𝒐𝒏𝒕𝒆𝒏𝒕? 𝑻𝒉𝒆𝒏 𝑭𝑶𝑳𝑳𝑶𝑾 𝒎𝒆
© Michael Akerele (#AwesomeMike)
#Day6
#tradingtips
#mondaytips
#investingtips
#web3 #crypto
#HDLifeCommunity
#bitcoin #blockchain
1. Don't invest more than you can afford to lose.
(Crypto/Web3 is rewarding and also risky!)
2. Do your research (DYOR) before you invest
(Vet any project before you invest in Crypto)
3. Don't FOMO in on any Crypto/Web3 project
(FOMO means: Fear Of Missing Out)
4. Don't keep your Cryptos on any exchange
(Best to use Hot/hardware wallet for safety)
5. Don't give your PRIVATE keys to anyone
(NOT even anyone called customer support)
6. Don't fall for "PnD" schemes in Crypto
(PnD = Pump & Dump projects on DEX/CEXs)
7. Be aware of phishing links/scams.
(If it seems too good to be true, maybe it is!)
BONUS:
- Don't put all your eggs in one basket.
(Best to diversify your portfolio to mitigate risk)
- Don't get emotional with your investments
(Sell & Take profits when you feel like it!)
Note: Binance is a trusted exchange with proof of funds, your funds are always SAFU.
(SAFU = Funds Are Safe)
I have educated over 1400 people directly
and introduced them to the crypto industry.
If you're ready to start investing or trading
and claim the opportunities available for you in the crypto space…
Then, I would love to help in the comment.
Which of these common mistakes do you
have a personal experience with or heard
people talk about before?
Share it with me in the comment section.
PS: Kindly support me with a tip and repost.
PPS: This is a continuation of the series I
started 2 weeks ago. Check my feed for
the previous lessons and read them up.
𝑭𝒊𝒓𝒔𝒕 𝒕𝒊𝒎𝒆 𝒔𝒆𝒆𝒊𝒏𝒈 𝒎𝒚 𝒄𝒐𝒏𝒕𝒆𝒏𝒕? 𝑻𝒉𝒆𝒏 𝑭𝑶𝑳𝑳𝑶𝑾 𝒎𝒆
© Michael Akerele (#AwesomeMike)
#Day6
#tradingtips
#mondaytips
#investingtips
#web3 #crypto
#HDLifeCommunity
#bitcoin #blockchain