- Don’t invest your money in ICO, landing platforms and altcoins, they are 95% scam and you never know which one.
Even Etherium have a considerable scaling problems.
- Don’t listen to the big media channels like CNBC to make your buy or sell decisions. They get excited when bitcoin price surge and when it’s a bad time to buy and may be even time to sell.
For example CNBC explained how to buy Ripple when it was $3. Look at Ripple price today! Instead listen to professional TA analitics (like Tone Vays) to identify right entry/exit points.
- Don’t trust bold promises of magic trading software promoters- such a software doesn’t exist!
- If you are a long time investor (HODLer) don’t buy on the top and sell on the bottom like most of non professional investors.
Don’t panic when you see a price drop.
- If you want to make even more profits than just by long term Bitcoin holding – learn to trade
(but choose your mentor carefully!
- Don’t hold your Bitcoin on an exchange. For small amount use desktop software wallet (like Electrum) or Samourai wallet for your mobile.
For bigger amount consider buying hardware wallet (like Ledger Nano S or Trezor) with are immune to computer viruses that steal from software wallets.
- Remember bitcoin is not just another bubble or scam like many people think. Inspite the resent bitcoin bear market it was still the best investment asset for long term investors (much better than gold, S&P500 etc).
It’s a revolutionary technology. It’s a decentralized uncensored, unconfiscatable, deflationary currency.
It’s the future of money!
If you want to better understand what Bitcoin is about and why we need it, make sure to watch Andreas Antonopoulos on youtube.
He is one of the most influential people in the Blockchain space.
Inside Job demonstrates how the American financial sector brought the country to the brink through reckless risk taking,
complex financial structures, and sheer greed.
The Bitcoin Standard by Saifedean Ammous
When Banks Become Law Enforcers
In a utopian world of free markets, the interests of any private corporation including banks would need to balance out against the interests of the consumers. In today’s world of continuously growing government, however, the now 3-way scale is heavily skewed against the consumer.
The Big Short