2 min readFeb 24, 2022
DAS Principles — What to NOT do
To explore the whole space connected to digital assets is not something which is done over a night, but rather a lifetime. It is a journey, characterized by a constant feedback loop. When you think you have managed to figure out this world, you will realize that it is just a small world within a bigger world. Thus, some simplified principles will not be sufficient for understanding this space. However, we do believe that a good start is to begin with emphasizing what not to do:
- Do not just pursue financial gains but rather education.
- Do not rely on your friends (although they may be nice) or memes(although these may be fun) for understanding this space
- Don´t think that all digital assets will make you rich
- Don´t think the growth and increased presence of digital assets is temporary
- Don´t think NFTs are only about digital art (As you will learn, the use — cases are extensive)
- Don´t view cryptocurrencies as pure currencies( These are rather projects with a certain way of generating revenue, similar to a stock)
- Don´t sell your house and family because you want to buy Bitcoin
- Don’t brag about your digital assets
- Don´t fall for the scams (There are a lot of them)
- Don´t absorb all the news from the mass media (The hype when the price rises and the fear and doubt when the price decreases)
- Don´t focus on the price — it is a distraction in the long term
- Don´t be short term focused
- Don’t search for the next Bitcoin (I mean Bitcoin is already here. In addition, good luck finding the needle in the haystack)
- Don´t invest more than you can lose — be diversified
- Don´t buy anything just because of the hype