7 things I wish I knew before I started in Crypto
>> Thread ๐งต <<
>> Thread ๐งต <<
1. How to Handle Your Emotions
It's no joke.
When you go down the crypto rabbit hole, you're overcome with emotions.
Excitement
Fear
Curiosity
Disbelief
etc.
If you're not careful, these emotions will control your actions.
Make a strategy with logic.
It's no joke.
When you go down the crypto rabbit hole, you're overcome with emotions.
Excitement
Fear
Curiosity
Disbelief
etc.
If you're not careful, these emotions will control your actions.
Make a strategy with logic.
2. Know when to Buy and Sell
Hard truth: HODL is not the best way to make money in crypto.
1 person turned $8K into $5.7B with $SHIB
But thousands also turned $8K into $570
Learn to take profits and preserve your capital.
Otherwise you'll be stuck holding the bag.
Hard truth: HODL is not the best way to make money in crypto.
1 person turned $8K into $5.7B with $SHIB
But thousands also turned $8K into $570
Learn to take profits and preserve your capital.
Otherwise you'll be stuck holding the bag.
3. Which projects are legit
I got caught up in the wonderland scandal.
Even with a reputable leader (or so we thought) - it was too good to be true.
There are rugs everywhere in crypto.
Use a trustworthy checklist to lower risk.
I got caught up in the wonderland scandal.
Even with a reputable leader (or so we thought) - it was too good to be true.
There are rugs everywhere in crypto.
Use a trustworthy checklist to lower risk.
4. DeFI Possibilities
If you're only HODLing your tokens, you're missing out on passive tools.
Staking and farming is a great way to plan for long-term plays.
e.g. Stake $UST in @anchor_protocol and earn 19.45%
Who doesn't want to collect more money for free?
If you're only HODLing your tokens, you're missing out on passive tools.
Staking and farming is a great way to plan for long-term plays.
e.g. Stake $UST in @anchor_protocol and earn 19.45%
Who doesn't want to collect more money for free?
@anchor_protocol 5. Wallet Safety
"Not your keys, not your crypto."
Cold wallets > Hot wallets
NEVER save your seed phrase on your phone or computer.
If you lose your money, there is no way of getting it back.
Use a Cold Wallet like @Trezor
trezor.io
"Not your keys, not your crypto."
Cold wallets > Hot wallets
NEVER save your seed phrase on your phone or computer.
If you lose your money, there is no way of getting it back.
Use a Cold Wallet like @Trezor
trezor.io
@anchor_protocol @Trezor 6. DM Scams
Scammers are everywhere.
Here's a good rule of thumb:
Influencers and projects NEVER DM you asking you for your seedphrase or to send them money.
Keep safe out there.
Turn off Discord and Telegram DMs.
Scammers are everywhere.
Here's a good rule of thumb:
Influencers and projects NEVER DM you asking you for your seedphrase or to send them money.
Keep safe out there.
Turn off Discord and Telegram DMs.
@anchor_protocol @Trezor 7. Negativity about Crypto
You've found the amazing future industry that is crypto.
But your offline friends don't see the potential.
Instead they tell it's terrible and why you're a fool to invest.
Ignore the noise and make friends with other crypto enthusiasts.
You've found the amazing future industry that is crypto.
But your offline friends don't see the potential.
Instead they tell it's terrible and why you're a fool to invest.
Ignore the noise and make friends with other crypto enthusiasts.
@anchor_protocol @Trezor What I wish I knew before I started in crypto summary:
1. How to Handle Your Emotions
2. Know when to Buy and Sell
3. Which projects are legit
4. DeFI Possibilities
5. Wallet Safety
6. DM Scams
7. Negativity about Crypto
1. How to Handle Your Emotions
2. Know when to Buy and Sell
3. Which projects are legit
4. DeFI Possibilities
5. Wallet Safety
6. DM Scams
7. Negativity about Crypto
@anchor_protocol @Trezor What did you wish you knew about crypto when you started?
Let me know in the comments below.
Let me know in the comments below.
@anchor_protocol @Trezor Thank you so much for reading this thread.
Your support keeps me making crypto content to help people on their journey.
Follow @MetaWhisper
RT this first tweet and help people know what to look out for in crypto.
Your support keeps me making crypto content to help people on their journey.
Follow @MetaWhisper
RT this first tweet and help people know what to look out for in crypto.
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