7 ๐๐จ๐ฆ๐ฆ๐จ๐ง ๐๐ข๐ฌ๐ญ๐๐ค๐๐ฌ ๐๐จ ๐๐ฏ๐จ๐ข๐ ๐๐ก๐๐ง ๐๐จ๐ฎ ๐๐ญ๐๐ซ๐ญ ๐๐จ๐ฎ๐ซ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐๐ฏ๐๐ง๐ญ๐ฎ๐ซ๐ (#7 ๐๐ฌ ๐๐จ๐ฌ๐ญ ๐๐ฆ๐ฉ๐จ๐ซ๐ญ๐๐ง๐ญ)
1. Don't invest more than you can afford to lose.
(Crypto/Web3 is rewarding and also risky!)
2. Do your research (DYOR) before you invest
(Vet any project before you invest in Crypto)
3. Don't FOMO in on any Crypto/Web3 project
(FOMO means: Fear Of Missing Out)
4. Don't keep your Cryptos on any exchange
(Best to use Hot/hardware wallet for safety)
5. Don't give your PRIVATE keys to anyone
(NOT even anyone called customer support)
6. Don't fall for "PnD" schemes in Crypto
(PnD = Pump & Dump projects on DEX/CEXs)
7. Be aware of phishing links/scams.
(If it seems too good to be true, maybe it is!)
BONUS:
- Don't put all your eggs in one basket.
(Best to diversify your portfolio to mitigate risk)
- Don't get emotional with your investments
(Sell & Take profits when you feel like it!)
Note: Binance is a trusted exchange with proof of funds, your funds are always SAFU.
(SAFU = Funds Are Safe)
I have educated over 1400 people directly
and introduced them to the crypto industry.
If you're ready to start investing or trading
and claim the opportunities available for you in the crypto spaceโฆ
Then, I would love to help in the comment.
Which of these common mistakes do you
have a personal experience with or heard
people talk about before?
Share it with me in the comment section.
PS: Kindly support me with a tip and repost.
PPS: This is a continuation of the series I
started 2 weeks ago. Check my feed for
the previous lessons and read them up.
๐ญ๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐? ๐ป๐๐๐ ๐ญ๐ถ๐ณ๐ณ๐ถ๐พ ๐๐
ยฉ Michael Akerele (#AwesomeMike)
#Day6
#tradingtips
#mondaytips
#investingtips
