The crypto world is very complicated. Remember these 8 simple phrases; they will help you lose much less money.

1. Don't touch what you don't understand
Don't listen to others saying that a coin will make you rich and jump in without knowing what it's for. Isn't that just giving away your money?

2. Invest leftover money; losing it doesn't hurt
Use money you can afford to lose, like the money set aside for dinner. Never borrow or take out a loan to invest in crypto, or you won't be able to sleep.

3. Take profits, secure what you have
If you've made money, remember to withdraw your principal or some of the gains in real cash. The numbers in your account may grow, but if you don't sell, they aren't yours.

4. Don't believe in "gurus," believe in yourself
The "gods" who make calls and offer signals online mostly just want to cut your coins. If they were really that good, they'd have already accumulated their wealth in secret.

5. Don't follow explosive rises, don't copy explosive drops
When a coin skyrockets, you're basically guarding the top of the mountain. When it crashes, don't rush to catch the falling knife—who knows where the bottom is?

6. Know when to hold, and also when to run fast
Don't sell a promising coin just because it goes up a little; but if the situation isn't right and it drops below your psychological limit, run quickly—don't get your hopes up.

7. Cold wallets are the safest
Don't leave large amounts of crypto on exchanges for the long term. Get a cold wallet—hardware wallet—it's like storing your money in a safe. Safer than leaving it in someone else's pocket.

8. Mindset comes first, technique second
The crypto world tests human nature; greed and fear are your biggest enemies. Don't let success make you overconfident, or frustration make you panic.

Remember, in this market, survival is more important than making quick money.