1) 10 things I wish I knew before getting into crypto.
๐งต๐
๐งต๐
2) The best way to store your crypto is in a personal wallet.
โฉ Exchanges are controlled by a third party and as such have access to your funds.
If something happens to them, it also happens to your funds.
Not your keys, not your wallet.
โฉ Exchanges are controlled by a third party and as such have access to your funds.
If something happens to them, it also happens to your funds.
Not your keys, not your wallet.
3) Crypto twitter is one of your best resources.
โฉ While not all information is by definition genuine, there's really some solid alpha to be found here.
If you rely on Google you would only find every mainstream article.
The best info comes from unbiased individuals.
โฉ While not all information is by definition genuine, there's really some solid alpha to be found here.
If you rely on Google you would only find every mainstream article.
The best info comes from unbiased individuals.
4) Crypto can be time consuming.
โฉ Unless you only invest in $BTC or $ETH there's hardly an option to occasionally look and walk away.
This space changes every year and to keep up with everything you need to be willing to invest your time.
โฉ Unless you only invest in $BTC or $ETH there's hardly an option to occasionally look and walk away.
This space changes every year and to keep up with everything you need to be willing to invest your time.
5) The market moves in cycles.
โฉ The majority of people enter these markets in a bullish environment.
Unknowingly there's both a bullish and bearish cycle.
While timing these can be difficult or near impossible, knowing they do always happen gives you a better perspective.
โฉ The majority of people enter these markets in a bullish environment.
Unknowingly there's both a bullish and bearish cycle.
While timing these can be difficult or near impossible, knowing they do always happen gives you a better perspective.
6) Tokenomics is one of the most important aspects.
โฉ When we purchase a cryptocurrency we do not invest in the company like a stock.
We invest in the use case of the token and this has no correlation with the performance of the company whatsoever.
โฉ When we purchase a cryptocurrency we do not invest in the company like a stock.
We invest in the use case of the token and this has no correlation with the performance of the company whatsoever.
7) The token price has nothing to do with the valuation.
โฉ Beginners would often prefer a coin priced at 0.1$ than 10$.
In reality the "lower priced" cryptocurrency can have a larger valuation than the other.
Don't buy simply because the price looks low.
โฉ Beginners would often prefer a coin priced at 0.1$ than 10$.
In reality the "lower priced" cryptocurrency can have a larger valuation than the other.
Don't buy simply because the price looks low.
8) There is no crypto 101.
โฉ There is no set-and-forget course to teach you everything you need to know about crypto.
The market is evolving in real-time at lightning speed.
The challenge is getting quality information as the ecosystem develops.
โฉ There is no set-and-forget course to teach you everything you need to know about crypto.
The market is evolving in real-time at lightning speed.
The challenge is getting quality information as the ecosystem develops.
9) There are more scams than opportunities.
โฉ As soon as you start searching about crypto, be prepared for a lot of spam trying to get you to sign up to an amazing launch or product with guaranteed returns.
Have your guard up and if it sounds too good it probably is.
โฉ As soon as you start searching about crypto, be prepared for a lot of spam trying to get you to sign up to an amazing launch or product with guaranteed returns.
Have your guard up and if it sounds too good it probably is.
10) You can't time the markets.
โฉ Investors are usually waiting for the absolute best timing to purchase an asset.
Only to see those prices never be reached OR to see it drop even further.
It is more helpful to not fixate on a specific price.
DCA can help with this.
โฉ Investors are usually waiting for the absolute best timing to purchase an asset.
Only to see those prices never be reached OR to see it drop even further.
It is more helpful to not fixate on a specific price.
DCA can help with this.
11) If you want to keep up to date to most of my content give me a follow @CryptoGirlNova.
Would love the support if you could like and retweet the first tweet. Thank you ๐โค๏ธ
First tweet ๐
Would love the support if you could like and retweet the first tweet. Thank you ๐โค๏ธ
First tweet ๐
Loading suggestions...