Crypto lessons I learned in 2022

in hilario •  2 years ago 
  1. Not your keys, not your coins.

  2. Nothing is too big to fail.

Context: FTX exchange and LUNA coin.

  1. Defi is the key%

  2. Don't HODL blindly.

  3. Predicting Bitcoin Top/Bottom isn't easy at all. Depends on the macro situation.

  4. Portfolio Diversification is the key. Not putting all money in single crypto.

  5. Beware of crypto influencers who shill random tokens/projects.

  6. Always think ahead of time and have multiple plans.

  1. Don't worship cult figures.

Context: SBF, Do Kwon, Zhu ,Su

  1. Taking profit is vital when a coin does multiple x like 2x 5x 10x etc.

  2. Chase real yield, not fake juicy APRs

  3. Don't get too confirmed that a project is good by crypto twitter shilling it to you.

  4. Better to lose minimal than losing maximum. Context: LUNA

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:  
Loading...