/cng/ - Crypto Newfag General

[Anonymous No.28097836]

*Not the original OP *

"I'm creating this general thread for newfags. Why? Because /biz/ is under attack by shills. If you are new to crypto or need information, ask your questions here.

General advice:

- DYOR
- Do not buy heavily shilled coins on /biz/ such as Rubic, Bao, or whatever coin of the month it is. More on this below.*
- Only use fiat exchanges (Coinbase Pro has the lowest fees). They feature only the safest coins, and crypto exchanges require ETH for most coins and you will be murdered with fees.
- Always transfer your coins to a digital wallet when able. (Coinbase's wallet app is fine for a start.)
- Safest coins to invest into: BTC/ETH
- Safer coins to invest into: AAVE/UNI/LINK/GRT (BUT DYOR FAGGOT)
- Pick an investment strategy and stick to it. (Ex. Dollar cost average (DCA) or "always buy the dip").
- Diversify your portfolio. At least 2 coins, one of which should be BTC or ETH. Never all-in one coin. Never more than 4 coins sub-$10k.
- Never buy green or all time high, always buy red, unless you're DCAing.
- Don't day/swing trade crypto. Invest with intent to hold for years. Timing the crypto market is nigh-impossible.
- Never sell at a loss.
- Never "panic sell". If you DYOR, you should be confident your investment will eventually be profitable, regardless of dips.
- Never let FUD dictate your actions.
- Never let FOMO dictate your actions.
- Never let your emotions dictate your actions.

*Heavily shilled coins fall under the category of "shitcoins", "scamcoins", "discordcoins", or whatever you want to call them. Rubic, for instance, is using a Discord server to coordinate pump and dumps by generating hype on /biz/. There are hundreds of these coins. If you can't find any information on a coin outside of /biz/, if the developers have essentially no presence outside of their project, or if their website ends in ".finance", avoid it like the plague. Just buying these coins and converting them to and from ETH incurs extremely high fees anyway."

[Anonymous No.28098986]

>>28097836
That picture reminds me of that McDonalds coin I heard so much about, should I buy?