No matter how new you are to crypto, you are in a unique position!
Not day trading. Not short selling. Not pump and dumping.
Just buying and holding.
Please hear me out. Even if you still decide to day trade or go nuts with XRP or whatever, please still do what's written below in addition.
You're in the right place.
Crypto is still in early days, relatively.
Get in now. Buy a bit each week or month and just hold on to it. I recommend BTC as your backbone (50% or more of your portfolio).
Use it as a emergency account. Don't touch it unless you need it for dire purposes.
Get a hardware wallet. I like Ledger Nano S. Get your crypto off the exchange and onto your hardware wallet.
Put the hardware wallet away and make sure to keep your account recovery phrase (a set of 24 words in a certain order that is the keys to your account) safe and never digital. Only analog.
You will make a bunch of money.
If you're overwhelmed by this, read The Bitcoin Standard by Saifedean Ammous or a Crypto Basics article from a reputable source.
Time in the market beats timing the market.
Don't get overly greedy. The universe will swat you back to reality. I promise.
submitted by /u/technoandtichu