1. Make sure you have multiple sources of income!
Crypto is extremely volatile. You need a t least one more stream of funding that will keep you fed in times of volatility!
2. Never quit your job before you have cashed out your crypto profits!
You need to secure profits first and carefully think what you will do with them! Buying land and property you can easily rent or sell is a great move!
3. Never go all in!
Always keep funds out of the market! You need to pay your bills and get food on the table, especially if you have a family. Don't be stupid!
4. Crypto is not a religion!
Sticking with projects for a long time without serious reasoning is a bad decision and will get you rekt!
You need to train yourself to leave when needed and adapt to new narratives and investments.
Keep in mind crypto narratives change almost every few months at the least!
5. Being friends with a dev or team will get you rekt!
Money knows no friendships and eventually someone will sell before you and empty your bag because you hesitated pushing the button, green or red.
6. Always invest what you can live without!
Investing your entire savings in the hope of life changing profits shows weakness of character, poor judgement and self destructive attitude.
DYOR thoroughly and without haste. There are always opportunities in the space!
7. Buy dips and do not hunt green candles!
A good bounce from a bottom will pay you more.
Buy buying a green candle, you will probably become exit liquidity for the guy that bought before you and you will become a very active community member instantly!
8. Keep your mind clean from hype and influencers!
You make decisions for yourself, alone using your hard earned money, not a teenage broke influencer who wants to fund his drug addiction!
9. If you can't handle the volatility and rush in crypto and you're feeling sad and drained, then crypto is not for you!
There's no shame on leaving a space that doesn't fit your character.
10. Always keep an eye on your investments!
Crypto isn't a stock market!
Projects can change narratives or rug in a matter of hours.
Monitor your investments, you are the only responsible for your money and nobody else!
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