Rules for crypto noobs. Please learn from my mistakes.

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Write down your keys. Write them down twice with instructions like you were talking to a golden retriever. Test them and try to restore so you know the software is legit.

The exchange only seems like a good wallet til they are hacked remember the term “Not your keys, not your crypto”

Dollar cost average to minimize losses.

Always buy the dip and hold or have an exact game plan for stop limits if you are a trader.

Take profits but never sell the whole bag. I ditched 200 solana for 1g. Yes im an idiot.

Low transaction count is easier to keep track of and always keep track! Will make tax time easier.

Dont try and hide it your not doing anything wrong.

Do hide it from friends and family, if your not married why does the SO need to know. I know it’s exciting but they will expect same results and will most likely not put the effort in and get pissed.

Stake stake stake.

Think about the next 3-6 years and how many boomers will be scammed because they gave away their seed. We haven’t even got started on the loss porn. Gonna be tragic. Don’t be one of those ppl.

DONT ever send crypto to anyone you don’t expressly know no matter how legit. especially exchange support. I was scammed out of 1000 ADA. Yes im an idiot.

Know your investments and research or when it dips you will not believe in the project and want to sell.

There is no get rich quick scheme, time is the only thing that will grow your portfolio.

Btc and Eth are without a doubt the safest long term investment…don’t expect your eth shitcoin to be there long term.

Eth gas fees are super high don’t mess w those transactions unless you like lighting a match to hundreds of dollars. Token Metrics recommends at least 25k in Eth to make the fees worth it.

Always send a little amount first to make sure everything legit- one rule I follow is when copy pasting checking the first three and last three letters of the TX address.

Secure your moons there is a vault phrase for them.

To everyone asking if I’m ok…yes im fine I’ve learned all the lessons the hard way actually pretty stoked for the next few years.

Edit- Rules 14 on are from the comments and i thought were necessary.

submitted by /u/KyloEffingRen
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