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Welcome to the wonderful world of cryptocurrency trading and HODLing! Before you amass your fortune which will then go to the moon there are a few things you should know:
First, don’t day trade crypto! You will probably lose money.
Second, don’t leave your crypto on the exchanges.
Third, do use 2 factor authentication if available.
Fourth, create a unique password for each exchange. And backup your wallets!
Fifth, You ought to be aware of the laws and regulations in your local jurisdiction even if you have no plans in adhering to them.
Sixth, diversify and hedge.
Seventh, buy low, sell high means buy when the coin is at a low or down, sell when it is up especially if it is a new all-time-high.
Eighth, Seriously, if you don’t know what you ought to buy, don’t buy crypto.
Ninth, there is a lot of volatility. HODLing is not always the best answer.
Tenth, You don’t know what is going to happen, no one does.
Now that we’ve covered those points you are ready to head out into the world of crypto trading. Best of luck navigating the chaotic, irrational, and nonsensical waters of cutting-edge fintech.
Intro music: Battle Boss by BoxCat Games
Outro music: Bacterial Love by Rolemusic
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