Friendly reminder

in cryptocurrency •  7 years ago 

Here is a little crypto advice for all that has been said before, but needs reiterated from time to time. Always Do Your Own Research (DYOR) and don't blindly follow anyone.

This space is full of folks who will use whatever means to manipulate people. Not everyone is like this, but sometimes it is people you even know or respect. It is best to watch for patterns and see how suggestions pan out sometimes.

Tips are just that, tips. Technical Analysis is a great tool, but also is not always correct. Charts lie in crypto.

Fundamentals do sometimes as well. As the marketcap grows in crypto, it will be harder to manipulate but currently it is very easy to manipulate these markets.

Know which investments are high risk and what is less risky. Pay attention to your investment choices.

Limit your exposure to what you can afford to lose. Only hold as many different coins/tokens as you can keep up with. Don't buy into things that are already way up.

Lastly, learn from your mistakes. Even seasoned Vets make mistakes. It isn't 100% win all the time. Take you loses as the cost of learning.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @hammy! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard!


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Buyer b ware.

Screen Shot 2018-09-08 at 7.56.35 PM.png

Congratulations @hammy! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!