Crypto phases I wish had skipped...

We’ve all had our low points, and crypto is no exception. I'd like to share some of the different phases I went through in crypto, all of which I wish I never went through. Hopefully this will save some of you from wasting your time and money like I did...

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Trading on the Crypto dot com app

As most of you know, the CDC app has high fees, and high spreads. If you must, use their exchange (unless you are in the US) The app has a nice UI that works (kinda) well, and is best suited for brand new investors. Frequent buys and sells in app will result in losses that would have been easily preventable.

• Full-porting into dog tokens

If you say you've never bought Doge or SHIB, you're a liar. I for one have bought them, and at one time had most of my portfolio sunk into them. We all already know how this turned out. Meme tokens are fun, and if you want to hold them, do so sparingly.

• Not understanding Market Cap

This one goes along with the bullet above. The appeal to most shitcoins is the extremely low price, which tricks new investors thinking they have gotten in at "such a low price!" I bought a few million SHIB a few years back thinking it could reach the price of Bitcoin, oh how wrong I was.

• Neglecting blue chips (BTC and ETH)

Pretty self explanatory. Sure, alts may make you more money, or may not...

• Too frequently sending your money off the exchange

This one is for my broke boys out there. When I started investing in crypto, I never had much, and gas fees were noticeable to my holdings. I'd send my crypto off each time I bought, dwindling my holdings little by little. I will never preach keeping your money on the exchanges, but you also don't need to send it off each time you buy. So unless you buy thousands at a time, maybe consider keeping your money on the exchange for a couple weeks, and send 7-21 days worth of buys to save on gas. It sure would have saved me some money.

• Keeping your money on the exchange

I am well aware this appears to contradict the above point, but what I meant by this one is having the exchange hold your money forever. When you buy on the exchange, the money is never really yours. You are essentially given a carnival ticket that says the exchange owes you the money whenever you'd like to withdraw. The money is never yours until it is back in your bank account (up for debate after SVB), or withdrawn to your personal crypto wallet. I have never personally been effected by and exchange collapse, and I don't plan to. This is the only way to ensure you have control over your crypto.

• Having high expectations for returns

Expecting insane returns on your investments will leave you waiting for a day that may never come. You won't ever take profits, and will be left holding the bag. I'm looking at you CRO. Setting realistic expectations will help you take profits when the time comes.

• Staring at the charts all day

I can almost guarantee nothing will happen if you step away for a few hours, or even days. Rest those eyes, get some sleep. Everything will be okay.

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There you have it. I am in no way a Crypto vet, but man I have done some dumb shit. Feel free to learn from my mistakes, and maybe share your own regrets if you so choose.