AlBitcoinCapone

It’s true that mistakes can be a great teacher. But it is not as easy as you think to stop making the same mistakes again and again. Truthful reflection is needed and truthful evaluation of your skills and efforts are essential. It might be the case you were unlucky with a trade, but more likely you didn’t prepare adequately. Record your failures, reflect upon then and decide how you will change your approach in the future- only then can your mistakes be a good teacher.

It’s difficult to say which is better. Certainly centralized exchanges are easier to use and have a wide variety of coins. Decentralized exchanges like uniswap are changing the game and offering more freedom to investors. They are also the place where you can buy coins very cheap before they are supported by centralized exchanges and the price increase.

It isn’t a waste of time for everyone - but for those living in more developed parts of the world the gains are very small. I hope that people in the developing world can supplement their income with these airdrops so I’m happy they exist.

The best advice is to only invest what you are willing to lose - it could go to zero. Invest small amounts at a time and you should be free from too much stress. Don’t do like me - throw big money in and watch it go down and down.

I understand your stress. We are used to trusting someone else with our money, so having complete control can be stressful. It doesn’t help that we need to copy and paste long codes to move crypto either. All I can say is you will get used to it in time. Also, multiple checking before sending is good practice.

If you are a beginner do not margin trade. I guarantee you will lose your money very fast. If you can not help yourself, use a very small amount of money and no more than 5x margin. You also need to set a stop loss and take profit before you enter the trade. Without proper risk management you are heading for disaster.

Investing is gambling if you don’t Do your own due diligence. Before throwing money at crypto projects your friend tells you about, do your own research. Gambling is fun but losing all you have is no laughing matter. Invest in the future requires work, but it will pay off.

These are all good choices. BTC and ETH are the safest investment and most likely to increase. Next coins in the top ten will likely do very well. However, it is always good to gamble on a few small cap coins on the hope they moon.

Unfortunately it is true - trading is not luck. To be succcessful requires education and experience. Of course we can get lucky and during a parabolic bull run everyone is lucky. Trading itself requires skill not luck.

It is so easy to get scammed. As other say double check everything and don’t believe anything that seems to go to be true. If you are sending some funds to a new site, only send a little to begin.

USDT is a stable coin. It can be very useful if you can’t easily sell or if the price of BTC falls and you want to protect your capital. I spend 2018!watching my BTC fall. There were no stablecoin at the time . It was very frustrating.

It’s great that sites like this one exist. For those of you in difficult financial situation I wish you the best luck. Keep learning and enjoy the fruit of your efforts.

Thanks for this list. My wife watched a movie about Bitcoin in 2013 and told me to buy some. I ignored her and forgot about it until the end of 2017 when Bitcoin reached it’s all time high. More recently she dreamt about a mother sheep climbing a mountain. The lambs struggled behind. I did not ignore her this time. I invested more in the mother (BTC) and only a little in alts (the lambs).

Fear is the enemy. You must put it aside to be successful in anything, including trading. This doesn’t mean you should be irresponsible with you money, but accept that loss is part of the journey to becoming s profitable trader.

If you are just joining now you are lucky - we are about to start the mother of all bull runs and most people have no idea. Hold onto your seat and enjoy the ride!