When trading crypto, it's crucial to separate speculation from financial planning. Avoid using debt to fund speculative investments, as losses can quickly spiral out of control. Instead, allocate a dedicated portion of your portfolio for speculative trading, ensuring you can absorb potential losses without jeopardizing your financial stability.

When speculating in the market, do not take on debt, otherwise you will dig yourself into a financial hole

This is a crucial distinction to make in crypto trading. It's easy to get caught up in FOMO and use debt to chase speculative gains, but the potential risks are too great. A disciplined approach with a dedicated speculative allocation is key to long-term success.