Saturday, September 28, 2019

How to beat Bitcoin like a pro (Beginners quick guide)

  • Bitcoin is the most secure network on the planet, However, never invest more than you are willing to lose.
  • Hardware wallets are the most secure way to store Bitcoin (Trezor & Ledger)
  • Not your keys not your Bitcoin (Do not hold large amounts of bitcoin on an exchange)
  • Read up on the many scams out there, never trust your BTC or private keys to a 3rd party (Absolutely never)
  • Steer clear of altcoins. ("Shitcoins" all are scams, even your favorite fast and shitty one, a scam too)
  • Don't get greedy (Don't "trade" Bitcoin like a stock, you will get rekt. No one knows the future)
  • Learn what DCA is (Dollar Cost Averaging)
  • There are many ways you can increase your privacy (Pay with cash, Mixers, Lightning Network)
  • Hodl (Don't feed the whales!!!)
  • If you must BTC for $$$, check to see if you can spend it instead (https://99bitcoins.com/bitcoin/who-accepts)

Enjoy the discounted Bitcoin this weekend!



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