Expanding on #7, I think it is very important to understand the utility of the tokens you own...what does the token actually do for you by owning it? Not simply looking at it as a buy/sell situation. With crypto, the goal is to eventually live in a world where we are using these tokens.

For instance, what does it mean for you when you own ETH? How does it get its value? Well, ETH is the gas that makes Ethereum go. dApps that build on the Ethereum blockchain need ETH to process transactions, allowing their apps to run. Without ETH, this is not possible. So by owning ETH, you basically own fuel (that is in limited production) which will be used by business owners who have chosen the most popular blockchain to build on.

Compare that to something like BNB - a token that gets your discounted trading fees on Binance. If you are only trading on KuCoin or Bittrex, what good does owning BNB really do?