Hey guys, been a participant here for a while and have noticed some shifts in mentalities since I first arrived. I just wanted to drop some ideas for y'all to make sure we're all acting in our own best interests:
- Make sure your private keys are stored somewhere safe. Touch-testing once per month is a smart idea. Physically touch it. Make sure it exists.
- As for investing, make sure crypto represents your level of risk tolerance. Don't be 50% allocated in crypto if you can't take the mental hit from a price crash. Similarly, don't wait to buy spitefully when the price goes up. Approach this with logic.
- Does your family or trusted friends have a way to collect your crypto in the event of an emergency?
- Altcoins may be neat, but make sure you actually know what they do, and if they offer any improvements over other types of crypto. Similarly, don't dismiss them as altcoins just because they have that title. Do your research.
- Don't tell the internet how much Bitcoin you have. If you brag that have 1 whole BTC and BTC goes to $100,000... you're now a $100,000 target.
- Educate friends on how the tech works instead of trying to get them to join your investment strategy in a cult-like fashion.
- Improve yourself in other areas of life. Just because you might get rich on BTC doesn't mean you are excused from having a personality and a meaningful life.
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