Tips
1. Do Your Homework:
First and foremost, investors just getting started with Bitcoin need to do their homework.
2. Don’t diversify for the sake of it.
As it relates to crypto, I’m of the opinion that you should identify what you believe is the best value, then invest as much money as you’re willing to lose in that single asset.
3. Choose your broker carefully.
4. Use an exchange, not a broker. You’ll save money on fees.
5. After buying Bitcoins make sure to move them into your own personal wallet and never leave them at the exchange.
6. Buying and Holding:
You need to decide for yourself if you think this is a good time to buy.
7. Be cautious:
In any investment there will be risk, but that risk is somewhat magnified by Bitcoin’s newness and extreme volatility.
8. Cryptocurrencies investments are similar to investing to commodities.
9.  Diversify Effectively:
When creating a diversified portfolio, investors could consider more traditional assets such as stocks and bonds, or both.
10. Market cap matters more than coin price.
11. Do test transactions.
12. When you buy/sell via an exchange, try to use limit orders (try not to use market orders). 
13. Have a reason before entering each bitcoin trade.
14. Get ready for a wild ride:
Bitcoin is notorious for its volatility, so much so that many traditional investors are terrified of it. 
15. Usage is the key criterium for investors:
As said in the intro, analyzing fundamental data is the key element in our methodology to identify a decent investment opportunity. So supply and demand data, based on usage in the real world, is what investors should be focused on.
16. Don’t take profits unless there’s a change in circumstances.
17. Don’t sell it too soon.
18. Figure out if you want to go long or short. 
19. If you are going long, consider dollar cost averaging.
20. Target and stop when starting a trade.
21. Bitcoin are similar to the dotcom hype, 80% will not survive the storm.
22. The goal isn’t to be right as often as possible.
The goal is to make as much money as possible. I’d rather be right 10% of the time but see 100x returns when I hit than to be correct 80% of the time and see 2x returns. Being right is comforting, but finding disproportionate payoffs on events others are overlooking makes you more money. 
23. Find an additional way to make profit.There is a lot more you can do with Bitcoins than just sit on them and wait for the value to go up. Some of the other options include mining and lending the units to other users.
24.  Buy low, sell high.
25. You cannot “buy the dips” if you have all your money to invest already invested.
26. Most Altcoins lose their value over time. They simply bleed their value away slowly (sometimes rapidly).
27. A cryptocurrency MUST solve a problem in life.
28. “Buy the rumor, sell the news” is a popular phrase in trading. 
29. Hold some coins, range trade some coins, keep money on hand for a dip, and set some high-ball and low-ball orders.
30. Watch out for scams. 
31. Read the right sources
32. You can be greedy, but don’t get too greedy.
33. Lots of traders use bots.
34. Watch out for Spoofers and market manipulation. 
35. Watch the news. 
36. Join some social media groups that discuss Crypto.
37. Know thy taxes.
38. Know when to take a loss.

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