#conseil Here are some important tips to be better in the world of cryptocurrency, divided into three major axes:
🧠 Education and Research
Understand the Basics: Don't focus solely on price. Learn what blockchain is, how Bitcoin and Ethereum work, and key concepts like hashing, consensus (Proof-of-Work, Proof-of-Stake), and decentralization.
Do Your Own Research (DYOR): This is the mantra of crypto. Never blindly follow advice found on social media. Read the white papers of projects, study the team, the roadmap, and the community.
Stay Informed: The sector evolves very quickly. Follow reliable information sources (specialized media, newsletters) and recognized developers/analysts (not "influencers" promising quick gains).
Learn Analysis:
Fundamental Analysis: Assess the intrinsic value of a project (utility, adoption, competition, team).
Technical Analysis: Study price charts to identify trends, supports, and resistances (to be used with caution).
🛡️ Risk Management and Security
Invest Only What You Are Willing to Lose: This is the golden rule. Volatility is extreme. Do not use money you need for your current expenses or emergencies.
Diversify: Do not put all your funds into a single cryptocurrency, especially the small ones. Bitcoin and Ethereum are often seen as the foundations of a portfolio.
Secure Your Funds:
Use two-factor authentication (2FA) everywhere (exchanges, emails).
For significant amounts, use cold wallets (hardware wallets) like Ledger or Trezor. Exchanges and software wallets (hot wallets) are more vulnerable to hacks.
Never share your private keys or your recovery phrase (seed phrase). This is the access to your funds.