The Wolf Den
Searchโ€ฆ
๐Ÿ˜
Attitude
Crypto is the frigging wild west, and just like that time period and place, there is a lot of excitement, opportunity and people out there who will monopolize on others with the wrong attitude and motivations.
  • If you don't know what you're doing, don't rush through it. The biggest mistakes can be made when you are doing something for the first time in a hurry.
  • Understand that scam tokens are run by con artists. They know you want to make a lot of money and make it fast. They play to your greed and jealousy. They build confidence in their victims and they are good at it.
    • Assume if an opportunity is too good to be true, or it's a โ€œdo it now or miss out kindโ€ or thing that rushes you, you're better off missing out.
  • Smart crypto growth can be had, and a small percentage of your assets can be used for high risk plays, but you should have the attitude that only a SMALL percentage of your crypto assets are for those high-risk plays.
  • NEVER REVENGE TRADE
    • If you get yourself in a honeypot or rug pull, DO NOT immediately go and try to find another 100x. This is called a revenge trade and it is an easy way to get rekt multiple times in row.
    • This also applies to swing, leverage and margin trading. If you take a loss and are very emotional, take a step back and wait, take another look at the chart and be smart.
Copy link