Crypto Mistakes to Avoid

I MADE A MISTAKE

Here are the top mistakes I’ve made in crypto, so you can avoid making them yourself:

1️⃣ FOMO: Don't make impulsive decisions based on fear of missing out.

This will almost always cause you to lose money. Investing when you see a project with strong fundamentals, WHEN you see it. Not days after you faded and everyone is celebrating their wins.

2️⃣ Lack of research: Always DYOR before investing in a project.

This is common knowledge but most people still blindly by coins just because someone says to buy it or it is hyped. Check the chart, check the audits, check the website and social media pages. Trust me, your portfolio will thank you.

3️⃣ Poor security: Keep your crypto safe with strong passwords & 2FA.

It’s always other people until it’s you. When you have your MetaMask open be careful not to click any unknown links. Always triple check Urls and be extremely cautious of anyone trying to “help” you especially if they need things like screenshots or any personal info.

4️⃣ Overtrading: Stick to a strategy and avoid emotional decisions.

Trying to stick your fingers in too many baskets won’t work in your favour. A lot of things will run during the bull run, don’t trade with emotion, make a plan and ALWAYS stick to it. Generally people make the most money when they buy and hold, rather than chasing each dip and top.

5️⃣ Ignoring market trends: Stay updated on the latest news & trends to make informed decisions.

Don’t try short in a bull market. It’s simple.

Following these steps should help you avoid making the most common mistakes during the bull market.

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