I found a tweet by Lady of Crypto's 12 tips that lists what seems like good ideas to help improve our crypto game.
Here are my reflections and reactions on each of them.
Yes, Bitcoin is for some stability in the portfolio, have some, but they won't make me rich.
This is likely what will happen. The effect of the Bitcoin halving could bring about BTC price increase. Then the alt-coin season could follow. Especially, if enough new inexperienced crypto bros come in, that is!
Keep grinding means keep DCA going. It does take balls. But I take encouragement.
Yes, study the fundamentals for the 500x gems. Noted.
Remember Terra-Luna? Which isn't even a low-cap? Diversification is not the solution. But not being a dumbass is a great advice! :)
Take profit. Make a take-profit plan. Now!
The above is by far the best advice
I am in Hive and Leo Finance, so should you, if you are not in them yet. This is where we talk crypto and get a good sense of the project. The only drawback: it might be an echo chamber!
This is why I am stacking Hive and Leo! Thinking of all these stacking, esp. through DCA as future money is a good approach, but I do set a limit.
I do see some of such hyped-up projects in Hive, but more outside of Hive. So this is great advice to heed when dealing with hype. I normally should just avoid it.
This is what is hard to do. No one likes admitting to wrong decisions. But I shall try to digest it. Better to avoid getting to these losers at the start!
Yes, learn from it, write a post on it, and move on.
I ain't got no team, except the folks in Hive and Leo Finance! That will do for now.
That's the 12 tips that could help improve our crypto game offered by Lady of Crypto on Twitter.
What do you think about them?
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @jacoalberts, @young-kedar, @vickvan, and @hankanon!
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