My experience and advice to all the newbies here.

Hey everyone, so last year (mid November) I decided to invest $300 into a meme coin. I put in 1/3 of all my wallet savings. All advice will be written in bold.

Never put more into crypto than you are comfortable losing, never more than 1/3. If it feels uncomfortable losing a third, fund your wallet with less. Diversify your investments.

There seem to be many new people in this space, so learn from my mistakes. Before the 18th of January, I was on a $550 unrealized value. I was confident that the memecoin I bought would keep increasing but it was good enough for me already. I decided to go sleep and sell all in the morning.

ENDING THE DAY

Never go to sleep without finishing the day, either set limit orders - example: 1) If token increases from $5 to $8, sell. And ALWAYS set a bottom sell order 2) If token goes from 5$ to 4.5$, sell. If you aren't confident that the price will rise and it feels like a total gamble, or isn't long term, just sell before you sleep, or at least secure your initial investment by selling some.

F*CK groups if you aren't made of steel

If you are serious about crypto – Do not join any groups, trust no random person who "shills", no it won't triple in price by tomorrow if it already quadrupled. Make your own decisions, watch the news, read the official posts, follow big guys on X.com and have your notification on for them! Watch out for what they post as it could decide between you making a fortune overnight or losing it all. Joining Telegram groups will just make you emotinally swayed and you will hodl even if it goes tits up and then you are f*cked.

Do your due diligence

Use Dex Screener and Dextools.io, watch out for bad audit scans, unlocked liquidity pools. Have your 12 word wallet phrase written down on a paper that no one except you will ever see. If you do not do these steps, you will end up losing.

AVOID SCAMMERS AND AIRDROPS!

No one will ever give you anything for free, 99% of airdrops are a scam that will drain your wallet dry. Never send anyone your address even if it's public. Don't believe anyone. If you are supposed to recieve crypto from someone you know only online please, just make a secondary wallet only for that purpose. Making a wallet is free and you won't lose anything.

And lastly.

BE SMART AND TAKE PROFITS

Please, use just your brain. Pull up your pants, learn how to use wallets, how everything works. Take profits even if it's not life changing. A small profit is better than a loss. Put in just a small amount of money, play around. Lose some, gain some. Research your coins, don't buy worthless shit. Keep patient and one day you will 10x your money. Someone always has to lose, but just maybe, it won't be you.

I personally, need a laptop for my studies. Lost half on all this mess even though I could have taken a profit and get what I want. Now I am on 50% loss, playing the long game, waiting for a gem to appear. It's probably never happening but hey. At least we learn right :)

Stay strong everyone, these 4 years will be insane for crypto, and if you don't want to miss out, learn first.

Edit: Clarified funding a wallet.