Hey guys welcome to another crypto lesson this is a recap of the things that i've learned, so without further ado let's jump right in :
1
Don't treat cryptocurrency exchanges like bank accountsthat are FDIC insured.
The best place to store your coins, is in a hardware wallet,
and unless you control the private key they're not actually your coins.
2
Crypto currencies trade 24 hours a day, 7 days a week, 365 days a year,
you are going to miss some big winners, and some losers, you are going to miss out on some trades that would have actually lost.
So don't worry if you miss a trade, have JOMO ( the Joy Of Missing Out) instead of FOMO (the Fear Of Missing Out), which cand actually cause you to chase and buy at a much higher price than you should, and actually lose money.
3
Don't invest in a crypto asset for the long unless you really understand it , and you truly believe in it.
There's a lot of capital flowing into crypto right now, and there's a lot of people throwing money at projects that they have no clue what the value of that truly is, they're buying because they hear other people are making money.
If you want to minimize your losses only invest ( there's a big difference between investing and trading ) in coins that you truly understand it's value, and you believe that it will succeed over the long term.
This is the end of Crypto Lessons hope it was helpful and you guys learned something and if you like it please up vote me and let me know what you think about it in the comment section.
Thanks for reading!
