⭐ Choose complex platforms.
The truth is I have downloaded applications that I had to uninstall shortly after; I think that if you don't understand it, it's better not to use it.
⭐ Do not research coins before investing.
It is important to conduct your own research (DYOR) before buying a cryptocurrency, as the investment may not be worth it. Something I didn't do when I impulsively bought a Trump; I fell into FOMO there, now it’s worth a third of what I paid and has no good expectations of recovering. 😣
⭐ Do not store the investment securely.
When investing in cryptocurrencies, it is not only necessary to acquire them but also to safeguard them securely. 🔐 There are wallets that can be hacked, that's why I withdrew all my funds from BitPay, but the truth is I don't know to what extent it's safe to have them in this exchange.
⭐ Safeguard keys and access phrases in digital media.
This world is very technological, but any email, screenshot, hard drive, pendrive, laptop, or mobile phone can be stolen or hacked. Nothing is safer than keeping security phrases and keys on a well-protected piece of paper. Paper and pencil! In this case, the classic wins over the current. 📝
⭐ Leave security measures for later.
Two-step authentications, creating Anti-Phishing phrases, codes sent to your email, biometric tests (put your fingerprint, 🎼Hey! look up🎶 -I got carried away-, blink, yawn, stick out your tongue 😝 take 1 photograph with your passport, now with the neighbor's dog...); all of this may seem cumbersome and unnecessary, but any security measure is little against hackers.
⭐ Panic at a drop and sell.
Financial markets operate in cycles, prices go up and down normally. If you get nervous and sell during a downturn to cut losses, you've already lost. Before panicking and selling, wait for the next cycle, prices will rise again. AS LONG AS YOU DON'T SELL AT A LOSS, YOU HAVEN'T LOST ANYTHING. That's why I haven't sold my Pepe, I have it in the fridge just in case it comes back to life. 🐸
⭐ Do not prioritize financial education.
Read, study, ask those who know; above all, do not hand over your funds to a "trading guru" to help you become a millionaire. Learn yourself step by step. 📚
⭐ Do not diversify the investment.
The truth is this advice didn't work for me. I used to have only $BTC and my capital was steadily increasing, that's when I got creative🤪: I bought $ETH and it got stuck forever in Shrek's muddy puddle, I bought Solana and it dropped, I bought Trump and it went underground, I bought Pepe and it went down, I converted my $SOL to BnSol and it went down even more, among others... hahaha Now I have a very varied and volatile portfolio. 📈📉
Until next time. Kisses! 💜
