As an individual relatively new in the crypto sector, I see a lot of people freaking the fuck out for a variety of reasons and not making the best choices for their future. So, here are some really easy tips to calm the fuck down and survive in the market.
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FIRST FUCKING RULE - DO NOT INVEST WHAT YOU CAN NOT AFFORD TO LOSE! Seriously, this is a speculative market that may one day become more stable, but until that time comes, do not play Russian Roulette with your finances.
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RULE #2 - NOT YOUR KEYS, NOT YOUR WALLET - Invest some time into understanding the difference between a internal wallet, a hot wallet, and a cold wallet. Avoid any method of wallet that does not give you direct and private access to your keys. Hot wallets are okay for middle man accounts, but if you are going to store any significant quantity of currency, invest in a hardware wallet.
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RULE #3: Checking your garden everyday will not make your fruit grow faster- It is going to have a general scope of your finances, but crypto is one of those things you should not be obsessing over every 30 minutes; unless you are day trading with "shit coin" You are just going to stress yourself the fuck out and end up panic selling. Buy on the dip, set it, and forget it.
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RULE #4: Accounting - Keep a relative record of your purchases/earnings. Politics aside, being audited by your respective country's tax institution is nothing to sneeze at. Furthermore, this is more of a "cover your ass" thing given the ambiguous nature of this market. Do you want to be caught with your pants down? I sure as hell don't.
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Rule #5: Shitcoin, Shills, and Scammy McScamface - Without going too much into detail, research the fuck out of everything. Take what others say with a grain of salt and understand that NOTHING in life is free; something always has to be exchanged. Keep your keys safe, no one will ever need them but you. Encrypt your wallet and keep your recovery phrases safe...Hell, get a bank box and throw it in there. Again, daytrading aside, find a project you back and invest in it. People believe in different currencies for various reasons, but philosophy and finances generally diverge at a certain point; money is money.
TLDR; calm the fuck down, stop obsessing over short term shit, own your keys, keep your shit safe, and do your research
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