Let‘s create a „Crypto Principles Guide“

Hey everyone,

I'm looking to compile a list of personal or general laws and principles for navigating the crypto market. These can be rules or guidelines that have helped you make better decisions and avoid common pitfalls. Here are a few examples to get started:

• Rule: If a cryptocurrency rises by 20% in a day, then consider taking profits to lock in gains.
• Advice: Never sell your whole wallet at once; instead, sell just 10-20% during significant price surges to secure profits while maintaining a stake in the market.
• Guideline: Always do your own research (DYOR) there and there
• and so on, but maybe more specific

Please share your strategies and insights. Your contributions will help create a comprehensive set of principles that can benefit everyone in our community. I'll summarize the top-rated comments into a handy guide for all to use. Looking forward to hearing your wisdom and experiences!