anon
@superanon
What advice would you give to a newbie entering the crypto space today in pursuit of financial independence?
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Fio
@fiodar.eth
first: really try to understand how to self-custody; if you don't like the pressure it puts on you, try out wallets with different recovery features (e.g. social recovery) and stick to them but don't give up control over your funds—otherwise its TradFi all over again regarding allocation: - try to keep at least 20% of your money in stables - 70% of your money: invest in stuff you truly understand and believe in (have a thesis on) - 10%: gamble the fuck out of it; do stupid shit, follow FOMO, buy high, sell low, let it ride 1000x only to roundtrip everything—do it all you will learn a lot about the industry, markets, cycles, and the human psychology
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