The Ten Commandments of Crypto

By Buzzbeeg | The Crypto Cave | 11 Aug 2020


75cb43a4921eb293bd591560d7e902c1cf4f38b89fbad0ab6d07aee482a2e0ea.jpeg

I. Thou shalt not put any other cryptos before Bitcoin; study Bitcoin, own Bitcoin, understand Bitcoin before venturing into Alts.

II. Thou shalt feel 100% comfortable with your crypto wallet before storing a large amount of coins on it.

III. Thou shalt not take the investment advise of strangers on the internet (including me).

IV. Thou shalt use reputable exchanges when purchasing crypto with fiat like Gemini or Coinbase if you are in the USA or Okex if you are outside the USA.

V. Thou shalt not buy or invest any more than you can afford to lose.

VI. Thou shalt use a hardware wallet for storing large amounts of crypto.

VII. Thou shalt buy the hardware wallet straight from the manufacturer's website and not from Amazon.

VIII. Thou shalt do your own research and fully investigate any project you invest into; particularly the team who makes the crypto.

IX. Thou shalt research and potentially buy other projects than Bitcoin and keep an open mind; don't be a maximalist.

X. Thou shalt use your own wallet for long term storage of coins and not rely on an Exchange.

How do you rate this article?

130


Buzzbeeg
Buzzbeeg

I work for several Cryptocurrency projects including Silica neXus and Divi Project. I also write on Quora and share many of the same posts that I share here.


The Crypto Cave
The Crypto Cave

The fun side of crypto; making money, blockchain games, and learning. Like my thoughts on Crypto? Check out my Quora space: https://cryptocave.quora.com/ and 🔥Subscribe to our Free Investment Newsletter. https://theartofthebubble.com/newsletter/🔥 This post is provided for educational and entertainment purposes only and should not be relied upon for business, investment, taxation, or legal advice.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.