Observations & Realizations of a Crypto newbie:

Just started wading into the crypto market this past March and have learned a couple of things, mostly from reading this reddit:Never share your recovery key words with anyone, EVER. It doesn’t matter how legit they appear to be, if they are asking for your 26 words, they are going to empty your wallet. Giving your words are worse than giving a mustache twirling stranger your debit card and bank pin. If you get your checking account emptied, you can call the police to report the theft and plead with the bank to get your funds returned. That is not really an option with crypto, you are just shit out of luck.Keep your key list someplace safe. Do not rely on anything on-line or on your computer. Your keys need to be written on paper, carved in stone or stamped on steel - don’t care which so long as it is physical not digital. Once you have your hard copy you need to double check, then triple check, the words themselves and the order of. You have your keys? Now put them in some place secure like your fire resistant file box, parents lock box or someplace that is understood to be depositor of things you really don’t want to lose. For fucks sake don’t use a screen capture you saved to Google Photo as your backup.All the Youtube videos, Coinwhatever articles and Crypto forecasts are all pretty much useless. The worst of them are trying influence the market with hype for their own gains or exist to collect the revenue for media content. Some of these may be legitimate but are only useful for people with wallets big enough that a 5% wobble in price and some good timing would outpace the fees for a profit that’s worth the effort. But those people already know what they are doing and don’t need a parrot to confirm. The Crypto environment is jam packed with hypers, and dreamers. Disregard half of everything you hear, see or read about Crypto and be very suspicious of the rest.Chances are that the browser plug-in or application you are using is, or will be, compromised.If you are using your phone for retail purchases or trading, only have enough funds to do what you need accessible from that device. At some point that phone is going to either die or get stollen. It’s a lot easier getting over $20 than $20k.The mechanics joke about “Good, Fast or Cheap - pick 2” holds true for the Crypto Trading platforms.Never leave coins that you are not currently trading with in a wallet supplied by what ever market you are using. Move anything you plan on holding to a wallet that you have the keys to.Don’t sit and watch the market do its thing, especially if you are holding. Ignore the market until you have a few dollars to put in, wait for a dip that strikes your fancy and buy, then go back to ignoring it. If you sit and stare, you start getting ideas & those usually don’t work out as planned for most of us.Acronyms, there are so many acronyms. If there is a glossary of acronyms for the Crypto world please link in the comments. via /r/Bitcoin https://bit.ly/2CApLEz