Crypto no-no's: Common mistakes that everyone should avoid.

Never send a large amount of funds without a test transactionDon't invest in shitcoins, they may succeed during a bull market but many of them won't exist after a bear market.Keep crypto in cold storage as long as you don't need it liquidDon't buy from RobinHood or anywhere else that doesn't give the option to withdraw the actual coinsDon't try to time the market, just use Dollar Cost AveragingDon't transfer / sell / exchange coins for no reason, you will be destroyed by feesNever reveal your positions to anyone else on the internetDon't tell people you own crypto unless you trust them fullyHopefully some of you can learn from my (and many other members of this sub) mistakes!

Submitted May 29, 2021 at 09:56AM

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