Just a bit of Friday fun, but there is wisdom in these words. Enjoy!
- Never invest more than you can afford to lose
- Staking StableCoins at higher than the rate of inflation guarantees long term profit *
- Greater profits can be realised through day trading, margins or pairing, but are higher risk
- What goes up must come down – be wary of market corrections
- Think through your strategy carefully
- BitCoin isn’t the only Crypto out there
- Profit isn’t profit until you cash out
- Beware of Gas Fees that can wipe you out
- Be wary of commissions on exchanges like Coinbase that can eat your profits
- Take advantage of free crypto readily available on sites like Publish0x and Noise:Cash or Faucets like Cointiply
* While staking StableCoin like this long term guarantees profit you have to hold long enough to ensure gas fees are covered and the potential profits are not as lucrative as alternative means of trading.
And a bonus questionable one.
- Take profit early. I did that with BItCoin in November – and it’s obvious how that worked out for me :(
Have a great day and weekend and stay safe and well
