Discussion on Practical Advice for Working with Cryptocurrency
I would like to talk with you about practical advice, not the kind of advice that bloggers share, but the kind of advice that comes from real-life situations you have experienced when working with crypto exchanges.
Top 10 tips from billionaires may be interesting but not practical. I'm always curious about where they got their first million, which no one talks about. When I need advice, I don't listen to YouTube bloggers or read articles; I usually go to talk with familiar people, friends, or forums. Their advice turns out to be truly valuable and practical. For example, I often talk with a friend who has faced many failures with crypto exchanges but managed to reach a good financial level. His stories are very valuable to me, which no YouTube blogger will tell.
Write in the comments your life advice that came from your experience with cryptocurrency. I will choose the top 10 and publish a new post with your advice.
So, I will start. My main advice at the moment: If you are a beginner, not a professional trader, and your father is not a millionaire, then do not make crypto trading your primary source of income. I talk a lot with guys who try to earn only through crypto exchanges, and they often have a bad mood. In this situation, you are in a suspended state, dependent on the results in spot or futures trading. You might make rash decisions, driven by fear and uncertainty. Your finances are in disarray. But when you have a main income and cryptocurrency is a hobby, you have a much better chance of making the right decisions. You are calmer, and even the current bear market situation is seen as an opportunity for new investments at low prices. You're not afraid of not being able to pay your rent appartment. Get your finances in order, decide what part of your income you are willing to invest in crypto. This will keep your nerves in check.
Share your advice in the comments, and we'll choose the most interesting ones. I'm sure your life advice will benefit others.
