7 ๐‚๐จ๐ฆ๐ฆ๐จ๐ง ๐Œ๐ข๐ฌ๐ญ๐š๐ค๐ž๐ฌ ๐“๐จ ๐€๐ฏ๐จ๐ข๐ ๐–๐ก๐ž๐ง ๐˜๐จ๐ฎ ๐’๐ญ๐š๐ซ๐ญ ๐˜๐จ๐ฎ๐ซ ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ ๐€๐๐ฏ๐ž๐ง๐ญ๐ฎ๐ซ๐ž (#7 ๐ˆ๐ฌ ๐Œ๐จ๐ฌ๐ญ ๐ˆ๐ฆ๐ฉ๐จ๐ซ๐ญ๐š๐ง๐ญ)

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 spaceโ€ฆ

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.

๐‘ญ๐’Š๐’“๐’”๐’• ๐’•๐’Š๐’Ž๐’† ๐’”๐’†๐’†๐’Š๐’๐’ˆ ๐’Ž๐’š ๐’„๐’๐’๐’•๐’†๐’๐’•? ๐‘ป๐’‰๐’†๐’ ๐‘ญ๐‘ถ๐‘ณ๐‘ณ๐‘ถ๐‘พ ๐’Ž๐’†

ยฉ Michael Akerele (#AwesomeMike)

#Day6

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