Sirwin
Sirwin
ten_commandments

My 10 Commandments of Crypto Investment

By rah | rah | 19 Feb 2021


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

moses_mountain

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rah
rah

I love reading and technology as well as history. I teach English and Business to professional clients as well as soft skills with a focus on communications. I am a big fan of both Sheffield Wednesday and Lincoln City Football clubs


rah
rah

Experienced Business Owner and Coach and Tutor who now trades in Crypto. It is proving to be an interesting journey with so much technical language involved. Follow me as I learn the trade (and how to trade). Made some howling mistakes to begin with, but still learning and will share what I learn as I learn it for the benefit of the community. - RAH

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