CRYPTO COMMANDMENTS

[Zed0X]

In this volatile crypto market, many have gone insane already. I'm lucky enough to have read these guides that kept me sane even during the crypto bloodbaths. I think many will also benefit from reading them.



1. Commit yourself to becoming an expert in all aspects of cryptocurrency (mining, fundamental & technical analysis, etc.)

2. Only invest what you can afford to lose, and be okay with the fact that you might lose it all.

3. Learn/Experience altcoin bubbles & herd behavior. Remove your emotions from the process.

4. You can't be correct 100% of the time. Expect to lose sometimes. It's about optimizing your percentages, not perfection.

5. Always keep your mind set on the end goal (no more salary/slavery) and focus on how to achieve that.

6. Become a master of reviewing altcoins, learn how to spot a scam so that its almost instant when you look at a shitcoin.

7. Diversify into as many quality altcoins as you can. That way you can experience market bubbles thousands of times over. If you hold all the coins and accumulated them for cheap, you've lowered your risk and win every time there's pump.

8. You must understand the time dimension. All losses/profits are temporary until you've made the trade. All altcoins are related but on their own market cycle. Most of your coins are winners but u need the patience to wait for the right time to make each trade.

9. HODL until moon or grave. Store your top cryptocurrencies for long term gains. You need strong hands to hodl through shakeouts.

10. Find or create a group of like minded individuals to share your research and investment ideas with.

[Zed0X]

If there is something that you would like to add aside from these guides, just comment it here. That would be great.

[Danus]

No, I think they will do for the benefit of people who are engaged in cryptocurrencies. After all, to ban it is pointless. Good question. Thanks.

[UNIVERSE]

Just like you, I am also a sane person despite seeing bloodshed on the coin market. And the article that you post will be very good for coin traders who are depressed with the current market situation. Hopefully their mind set is better after reading this article.

[owmivmen]

Learning before starting a business in Crypto is important. From there, crypto users will get information and experience to start trading, investment and the importance of holding assets owned.

[Zed0X]

Just like you, I am also a sane person despite seeing bloodshed on the coin market. And the article that you post will be very good for coin traders who are depressed with the current market situation. Hopefully their mind set is better after reading this article.

Well done!
Yeah, hopefully many traders and investors would have a better mindset after reading all these guides.

[Zed0X]

Learning before starting a business in Crypto is important. From there, crypto users will get information and experience to start trading, investment and the importance of holding assets owned.

Yes agreed. It is much better if you are equipped with knowledge on trading and investing before going in.

[ZionRTZ]

Mindset is the most important thing in investing and trading in my opinion. Those list are very good and should applied.

[Zed0X]

Mindset is the most important thing in investing and trading in my opinion. Those list are very good and should applied.

Indeed. If one does not have the proper mindset and let emotions take over, it is more likely that he/she will end up in a loss.

[audi14]

I agree to this.Before when i am new in this cryptocurrency world i have a doubt believing that i would earn  on those i have..coz honestly i don't have any knowledge about this thing..But as the saying goes and the most concrete and reliable motto in this world is "buy low , sell high"..this is the basic fundamental that every new trader should learn coz from this motto..i learn how to value the world of cryptocurrencies and enjoyed my knowledge upon continous learning.

[Zed0X]

I agree to this.Before when i am new in this cryptocurrency world i have a doubt believing that i would earn  on those i have..coz honestly i don't have any knowledge about this thing..But as the saying goes and the most concrete and reliable motto in this world is "buy low , sell high"..this is the basic fundamental that every new trader should learn coz from this motto..i learn how to value the world of cryptocurrencies and enjoyed my knowledge upon continous learning.

As the saying goes, "belief and confidence comes from knowing what you are doing" and nothing beats the basic of "buying low and selling high."

[Bhussainn2]

He really tries and is quite interesting, but If one does not have the proper mindset and let emotions take over

[PhiliPPs]

In general, everything is written on the case, but it is definitely difficult to say about fraud.  There are projects that position themselves very well and it is not always possible to define fraud!

[Master107]

If there are commandments then there are reasons behind.
SIN is the only thing why commandments implemented. In fact the communities are commanded to do the right thing and not the wrong things. It happens to say commandments are good for those who seriously engage in crypto the new has come and the old emotional basis has gone.
To apply all it takes time because process and preparation takes time before mastering trading and investment. But we should not be embarrass in case we come up in lose because lose is part of life and no perfect things in life. Better to take responsibility and watch your own strategy.

[Bhussainn2]

I think crypto users will get information and experience to start trading, investment and the importance of holding assets owned.