Famous Crypto Proverbs

Famous Crypto Proverbs

By Dofirst_doofus | Doofus | 10 Sep 2021


1) Buy Green Candles, get Red dildos - Coinskid

Buy the dips, don't FOMO in and buy green candles, you might get rekt!

2) Not your keys, not your Crypto

Take your money away from exchanges, and hold custody of your own crypto

3) When in doubt, Zoom Out

Don't be depressed seeing day-to-day changes in crypto charts. Put the time frame more than 1-day and look at the big picture

4) Make Memes on Coins, not Coins on Memes

I don't think this needs further explanation. The meme coins have gotten out of hand

5) Where's my Lambo? / When Moon?

Waiting for a coin to rise in value

6) Remember, it's a loss only if you sell

If you own 1 Bitcoin, that's always 1 Bitcoin regardless of the value it has compared to fiat currencies. Hold it. It's a loss only if you sell! 

7) Everyone is a Crypto expert in a Bull market

In a bull market, there's only one direction, and that's up. You don't need big brains to predict that! The real talents of people can be seen during dips and bear markets

8) Not financial advice; Do your own research

This is not financial advice! Do your own research! :P

9) Trading gives you money, Investing makes you rich

"There's an option to trade doesn't mean you have to trade!"-Warren Buffet.

Researches have shown that HODLing is probably the best method to maximise profit (or is it? More on that in another article)

10) Be Greedy when others are Fearful, and Be Fearful when others are Greedy

Check Bitcoin Fear and Greed index regularly, and get insights! 

11) Master of the Buy-High Sell-Low strategy

Used to show how a person usually loses money in the crypto market by buying at a higher price, and when the price dips, selling due to fear!

Thanks for reading till the end! 

Add more in the comments! 

Cheers 😊

 

 

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Dofirst_doofus
Dofirst_doofus

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