Here are 5 common mistakes beginner crypto investors make during bull market periods:
1. Buying at the top due to FOMO (fear of missing out)
Many beginners enter the market driven by rising prices, buying assets near the top out of fear of missing out. This often results in significant losses when the price corrects.
2. Ignoring fundamental and technical analysis
Inexperienced investors often invest in any coin that is rising, without understanding the project behind it, its utilities, or doing technical analysis, which increases the chance of betting on unsustainable projects.