The most crucial advice for anyone in the crypto world is to avoid over-investing and refrain from using money needed in the short term.
Before allowing my friends and family to make any purchases, I emphasize this point repeatedly, repeating it five times for emphasis.
As the bull run approaches, encouraging friends to join is common. Sharing crypto info can be helpful!
Of course my family holds $SHIB $BONE $LEASH and $BAD
Here are some friendly and straightforward points of advice for newcomers before they invest in crypto:
1. Do your research before investing. Learn about crypto and how they work.
2. Start with a small investment to test the waters and minimize risk.
3. Spread your investments and diversify and reduce potential losses.
4. Keep your expectations realistic and avoid making impulsive decisions based on short-term gains or losses. ⚠️
5. Use trusted and secure cryptocurrency exchanges to buy and sell.
6. Keep your private keys or seed phrases safe offline to protect your funds.
7. Stay updated on the latest news and trends in the crypto world.
8. Be cautious of scams and do your due diligence before investing in any project.
9. Consider a long-term investment approach rather than chasing quick profits.
10. Seek advice from experienced investors or reliable sources to gain insights and make informed decisions.
11. DO NOT FOMO (Fear Of Missing Out)
12. Do not buy high and sell low.
Remember, investing in crypto can be exciting, but it's important to take your time, learn, and make thoughtful decisions to navigate the market successfully.
