Thread by @Mihairoberth

I’m in the crypto space since 2017. Back then I was a college student who spent his scholarship on this 'bitcoin thing' that runs on a 'blockchain-stuff'. Made a quick 10x then lost it all in the 2018 January crash. I’ve seen a few things and I’ve definitely learned a lot.
🧵👇

1/ Never become attached to your bags even if they 100x’d your money. Any project, if it stops evolving, will eventually die out. The competition is too big.
Remember that while holding your sweet bags out of which I hope you took some profits along the way.

2/ Taking profits is completely fine. Look, I know you might truly believe WAGMI, but somebody is going to take a loss eventually, and it’s fine if it’s your turn now, just remember when you’re riding the bull to actually take the time and take some profits out.

3/ Have at least 2 web wallets. One that is hot – you connect it to all the degen stuff out there that you’re aping in. And a second one where you’re hodling your biggest assets, NFTs and big chunks of crypto – preferably connected to your ledger.

4/ Use separate PCs for your crypto business. Look, the internet is big, and we’ve all heard it many times how people got hacked because they clicked something which sent all their funds away. Use one PC for your crypto business ONLY and the other one for your internet browsing.

5/ Never store a private key or a seed phrase on an online storage provider such as Google Drive or Dropbox etc… That’s really how the Bitfinex hackers got caught, believe it or not. I write mine by hand on a piece of paper (or more) and I’m also cold storing it on a hard drive.

6/ I know that this might sound stupid, but don’t listen to every person’s opinion out there… Everyone has something to say and rarely do they say it out of pure objective analysis. Usually they’re just shilling their bags. Of course you believe in a project when you’re invested

7/ Find yourself some genuine anons that are actually reviewing in an objective manner a crypto product and are laying out the prons AND the cons. Then you decide if it’s a good idea to invest or not.

8/ Learn to feel and understand the FOMO. When you’re feeling it, just don’t do anything. Sleep it off a day or two, come back and check if you’re still feeling the same. If not, then you did yourself a favor. If yes, then no problem man, GM, it’s still early out here.

9/ Remember that losing money in crypto in 2022 is like paying for your tuition at the Crypto University. You’re paying for your education. It sucks when it happens. But you’re smart, you’re not going to repeat the same mistakes, right? Even if you do, you'll always learn.

These are a few lessons that I've gathered. Hope you'll find them useful.

PS: English is not my native language, but I hope I did a good job and didn't butcher any grammar rules. (or too many)

#crypto #blockchain #AVAX #nft #tokenomics #wallet #defi #cryptotwitter