Crypto no-no’s: Common mistakes that everyone should avoid.

- Never send a large amount of funds without a test transaction
- Don't invest in shitcoins, they may succeed during a bull market but many of them won't exist after a bear market.
- Keep crypto in cold storage as long as you don't need it liquid
- Don't buy from RobinHood or anywhere else that doesn't give the option to withdraw the actual coins
- Don't try to time the market, just use Dollar Cost Averaging
- Don't transfer / sell / exchange coins for no reason, you will be destroyed by fees
- Never reveal your positions to anyone else on the internet
- Don't tell people you own crypto unless you trust them fully
Hopefully some of you can learn from my (and many other members of this sub) mistakes!
submitted by /u/roberthonker
[link] [comments]