There is an imaginary discussion below.

You never know - it may have happened in real life.

BOI - Start assessing crypto rather than trusting the banks because it's decentralized - meaning no middleman.

Law-abiding citizen - Okay, but what if someone turns off the light? I mean, what if the internet gets shut down? What then? Where is your money?

BOI - Where is your money when the banking system fails as it does repeatedly? Uh?

What is more probable - the shutdown of the internet or another banking crisis?

Law-abiding citizen - Now you got me. I'm in. Where do I start?

First of all - don't take anyone's word for granted

Always research what you're getting yourself into! Be critical! Ask questions because there are no wrong questions! Be ready to learn and remember - always write down your private keys.

When you come to the cryptoworld, you end up creating wallets or accounts for various reasons - to store 1UP, to interact with some blockchain or simply trade on an exchange. All of these wallets are encrypted and the only way to restore your account if you forget your password is through with private keys. If they're gone - your cryptos are gone. So make sure you write them down and store them in a safe place.

Invest only what you can afford to lose

Many people invested their life savings in cryptos when the market was at its peak and regretted it after. Don't be like those people and if you're thinking of investing - invest only what you can afford to lose. That way you don't have to worry so much about what's happening on the market and concentrate on learning about cryptos and posting to Uptrennd.

Learn and adapt

The technology is developing faster than ever before which means we have to learn and adapt to what is coming. Starting from Web 3.0 to Bitcoin halving. Both of which are a subject of research. Learning keeps our mind fit and it's the best way to grow. Learning through practice is the choice of BOI.

ABOUT BOI

We're in crypto only since the end of the last year (2019) but in these few months, we've learned a lot about crypto, blogging and content creation. It's been a wonderful journey and it has only just begun! If you enjoyed this article, be sure to upvote and follow BOI to keep up with our journey!





PS. This post is written not just for you but also for this #Articlechallenge contest which you can also still join!

Image by Petre Barlea from Pixabay