For crypto newbies who want to dip their toes in the shark-invested waters but yearn for some principles to help them draw boundaries:
- Never invest money you can’t afford to lose
- Not your keys, not your coins
- Don’t doxx yourself on the Internet. You don’t want to make yourself a target
- Do Your Own Research
- YouTube is for cute cat videos, Not Financial Advice
- Don’t flaunt the size of your portfolio
- DCA (Dollar Cost Averaging) all the way
- Don’t FOMO (Fear of Missing Out). Just HODL
- No one ever died from taking profits
- So plan your exit strategy AND re-entry strategy
How many of these commandments do you fervently follow? Any other commandments that should be added to this list instead?