“Am I too late?” At midnight, Ben pinged me. That’s normal. Prices were rising, Twitter was going crazy and his thumbs were itchy. I told him what I tell everybody: if you don’t have a strategy, you’ll be forced to follow the market’s plan.
Before you even consider placing an order, make sure that you are using a safe platform. buy crypto app Malaysia
“Big exchanges, you can move funds quickly there, they have deep markets, and they have customer service. Consider the costs, spread and track record of the listing. Learn about their security practices. Have some ID ready when KYC comes up. If you want to keep your own money, get self-custody and transition first to a small influx of stablecoins.
Be careful when you move money. Bank transfers are slower and cheaper. Cards are fast but expensive. Consider the overall expense, not just the headline fee. The spread may be more painful than you realize.
Make wiser orders. Market orders fill immediately, but they can cause bad fills. Limit orders give you control. Many people dollar-cost average, so they don’t have to predict what the market will look like. “Volatility is no longer a siren, but it is now the background hum,” he writes.
Set aside the amounts that you are prepared to lose and for how long. Hot wallets are handy. Cold wallets are more peaceful. Write your seed words by hand and store them like treasure, like a family heirloom. Don’t take photos. There are no clouds. Add 2FA with an app or physical device; SMS is hackable. Backups are important. Be very careful here.
Be wary of suspiciously polished links. Those phishing pages look legit and slick. Always manually enter the site. On-chain approvals don’t expire; check them often. If something feels too good, slow down. Scammers push urgency.
Taxes are real. Monitor timestamps, transactions and purchase prices. You could use a fancy tracker, or a simple sheet. Ours is once a year — wherever your accountant lives, you’ll thank us.
Ensure the size of the positions allows you to sleep. If a decline of 20% is enough to stress you out, you’re taking too much risk. Your pulse is not meant to swing wildly. Don’t sound alarms; use signals. Cash is also a position.
Go beyond vibes homework. Read the whitepaper but also scan developer repos, engagement, the release plan and the vesting periods. Get very mad about more than just memes. Hype is loud; math is quiet.
Before you go in, figure out when you’ll sell. Where could you profit, you think? Where do you move it? Get a goal and hold firm. Without rules being altered in the middle of games, you avoid spirals.
By making two rapid moves, I protected capital. Step 1: Try a small order, Not a Big One. Costs, addresses and network decisions — make mistakes cheap. Step 2: it’s the dips you want, not green candles. It feels unnatural. It works.
Make the process your own. Take notes. Adapt on the basis of what you learn. The plan could be simple and one of a kind. To feel better about the whole thing, go slow and click buttons with intent — and I don’t necessarily mean the speed of your clicks but rather the accuracy with which you push and the care with which you release; also, double-check everything. Tomorrow, crypto will still exist. Your money should be too.