Hey guys I have only been in crypto for about a month now, but i'm feel like i have learned so much. So i am going to let you guys know what ive learned, this will be especially helpful for super noobs and pretty much just anyone if your trying to grow in the crypto game. So lets begin.
Buy Low Sell High
This one seems common but not a lot of people actually follow this, you want to make sure to follow this rule strictly and not buy a coin at it's all time high.Everything goes down at some point
Sometimes patience can be key when entering and deciding to buy a coin, There are times where I would be impatient and miss out on a big dip, only to buy higher and have the coin dump on me when I could have gotten for a better price. So this applies with buy low sell high, also notice that patience is key.Don't Trade with Your Emotions
Leave your emotions out of trading. Also don't "hope" something goes up. This is a bad trading strategy.
4)Learn To Read Graphs
Learning to read the graphs can be especially helpful and can give you an upper edge. When you learn soon it will come natural to you whether to invest in a coin or not.
Don't Buy ICOS!
Most ICOs are scams and aren't going to be around in the future. It is better to just not buy ICOs as a hole because they are pretty much a get rich quick scheme.Don't Buy Shit coins!
Yeah they are probably cheaper, but a lot of them are just pump and dumps, and are going no where. You want to make sure to invest in a coin that has a future so you know it is going to go up again if it goes down. Not just a coin that pops out of no where, looks like a good buy at the time, but really it isn't and is making no further progress.Watch out for coins that are heavily shilled!
These coins are usually scams, shitcoins, or just pump and dumps. A lot of these coins have pump and dump groups.Never join a pump and dump group!
These are also scams and they will pump the coin and then when you buy it dump it on you within seconds, its too late and you will lose all your money. Most likely becoming a dead shitcoin.Do Your Research!
Before investing in a coin try to do as much research as you can. Twitter is a GREAT place to do research but can also be a deadly place. Watch out and stay away from coins that are heavily shilled, and also stay away from emotional twitter traders that like to shill, don't follow their advice! Follow veteran accounts and accounts that actually technically evaulate the graphs, non emotional shillers, these users usually know what they are talking about. Also look out for people's calls, and if they are true then pay further attention to their account because you never know what else they may predict.