Is there a strategy for investing in cryptocurrencies? (3) - Avoid hazards and tools

Every day, the reports of cryptocurrency are inseparable from talking about scams, money laundering, scams, speculating losers and scattered people...

But if you are the first brother, you must avoid danger, so as not to lose, or even lose everything.

put mnemonic phrase

No matter what the phrase, 24 or 12 letters, don't take a picture, put it online. Even the files stored with a password should not be placed on the computer or network storage. Because if you have ransomware or something, it may be stolen or opened.

Choose Your Exchange Carefully

The exchanges are still big, like Binance, FTX, Crypto.com. For some new exchanges, I don’t know if the capital turnover is good or not, and they can play with a little money. In the past, many cases were pretending to be lost, government supervision and confiscation, and the inside information was unknown, but the money you invested disappeared in vain.

Recently, a kol recommended a company with a J prefix, and the queen of crypto, be careful!

spread risk

Open several exchanges and wallets. In fact, it is natural to play with many wallets. After all, many chains only support one or two types of wallets. The exchange bought the coins that you have held for a long time, and it is best to keep them in your wallet, because the coins are not in your address, but they only belong to the exchange. POS coins, there will be no stake return, not your coins or your money.

phishing site

If you have an email, be careful if it leads you to a phishing website, don't click the URL of the unknown domain name, see clearly, use whois to find out whether it is a real website.

Tools - about making a Portfolio

Found too many wallet, cold, hot, web browser plugin, app. There will be too many. I've tried using the app to store my own portfolio, but it's dangerous to put public key/api in it. No matter how many functions, you will have to pay for it. If it is clear at a glance, it is better to use google spreadsheet.

Online quotations can be found through coinmarketcap.

The formula is approximately:

=IMPORTXML(" https://coinmarketcap.com/currencies/bitcoin/",

"//div[@class='priceValue']")

Then a column is a wallet name/exchange name. Add up how many coins, multiply the value.

This looks a little better as your own portfolio.

Mnemonic phrase

This wallet has a bunch of mps and that one has a bunch of mps. I just convert them to qr code and put them in the folder. Part of the backup file has a password in the zip. The qr code is only convenient for storage. It should be difficult for ransomware to read non-text documents. Of course, it is possible to leak it and be scanned.

But I actually thought about how to get my coins back if I tell my wife and son if touchwood is not in the world? 🥴

Maybe put it in a bank safe...

Yes, one more point!

You go to Gordon, Lian Deng, tg, dicord, wechat, be careful of some god-making characters.

For example, what did you buy and how much money you made. Big brother, these people, don't say anything if they're wrong, and publicize it if they're right. To be honest, it is impossible to be a stock god. Can long-term investment be like a stock god? I've been victimized by myself (although I'm not losing money, but I'm wasting a lot of time), most of them are platforms for building tents, "feeding", and promoting him or his influence.

Remember not to believe in God!