Random Thoughts From an OG About This Space.

Hello r/Cryptocurrency, it has been quite some time since I have been here. OG here, been into crypto since 2017. I figured with my return, it would be a good time to leave a few words of wisdom, for both new and old people in this space. No, this is not investment advice, I am simply describing my own tactics and thoughts in this space, and welcome any feedback or thoughts from the community at the same time.

1. Unless you are made of stone that is as cold as ice, stay away from day trading.
   This pretty much speaks for itself. Not everyone is a day trader, I certainly am not. This is not to say do not make any trades, you definitely should, but they should be far apart, and only done to increase your bag size on OBVIOUS market swings.

2. Of course, that brings us to the biggest lesson, HODL HODL HODL.
   It sounds like the easiest thing in the world to do, I know. Buy something, and hold onto it for dear life. But this strategy will take your on a tour deep into your own psyche and into some dark corners you never knew existed. If you are a proper degen like most of us here, checking price action WAY more than is healthy, it is going to affect your mood.

3. Holla Holla Dolla Cost Average!
   This system of investing is the best for the majority of people. That is, unless you are one of those few people from lesson 1 who are cold as ice day traders, and "think" you can perfectly time market local bottoms. Those are, ideally the optimal times to buy, of course. But for average Joe Blows like you and me? You don't need to throw everything you have at this market at once. Some weeks I can only afford to buy $20 CAD worth of crypto a week. But I do, regardless of price. Other weeks because of inflationary pressures on my paycheck, I buy nothing. Then another week I might be able to squeeze a hundo. The point is, we are in a bear market, THIS is the time to buy. Slowly, over time. What you can afford.

4. Do not fall for scams.
   I know, you're smart, smarter than anyone you know. You would never fall for some stupid internet scam. You know Elon Musk won't send you Doge, you are well aware that sending Brad Garlinghouse on Twitter or Youtube 50k XRP and he will send you back 75K is not real. But those are obvious scams.
   There are less obvious scams out there too. People want to pull every rug they can out from underneath you. When the bull market starts, you are going to see everything imaginable shilled at you. Keep your guard up, be wary of who you listen to as an internet influencer or personality.

5. Nobody else cares about your bags but you.
   Easter Dinner, time to convince my family to buy crypto! Thanksgiving? you betcha! At your local beer league baseball game? Make sure everyone knows!
   Wrong.
   Actions speak louder than words, and people need to be willing and open for these conversations. Don't force them on others. Let people know you are into crypto, and when fomo begins they will come to you willingly.

6. What coins should I buy?
   I just checked CoinMarketCap, which currently lists 22,431 different coins. That can seem overwhelming. Maybe I should just sort it by the biggest gainers? The coins going up the most have to be the best ones to invest in right?
   Nope.
   The best projects to invest in, are the ones with proven track records, and a history in this space already. Sure you can go hunting the newest best biggest baddest thing. You are more likely to end up with a bag full of shit coins that you will hodl onto for way too long and watch others pass you by, filling yourself with regret.
   Do not chase the 5000X, you will likely never find it. Find well established projects. Look for 5x gains. If one of your coins takes off, SELL the damned thing. Maybe you hold something else you are SURE is goign to moon, but hasn't yet. Cycle those gains into that and multiply your gains even more.
   I am getting off topic here, hell half of what I am saying is likely all over the place.
   What coins should you buy? The ones you have researched and vetted fully. DYOR is not just a meme, it is a tried and tested method, which will help you sleep better at night.

7. Learn to do some basic TA (Technical Analysis).
   Learn to use trend lines, fibs, Elliot wave counts. Know how the RSI works and how MADC can show you a trend. Knowing how to read a chart will put you leagues above people who do not do their own TA. It is not hard, and the more you learn it, the better positioned you will be to understand market swings for what you are invested in.

8. Some final thoughts.
   There is still much much more I could say about this. And maybe in the future I will write something else, more planned in advance. This shit is all just off the top of my head, something brought me to r/CC at random, and I felt I should post something while I am here.
   Notice how I never shilled any coins I hold? Try it sometime.
   Stay safe out there kids! It's a wild ride ahead of us with black swans and golden geese. Just remember, every storm will eventually pass.

p.s. I am not going to proof read this, no time, I have to get ready for work. it is what it is, spelling and grammatical errors and everything in between.