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š 5 Main mistakes that cause new investors to lose money in the crypto world
The world of cryptocurrencies is exciting, but it is also full of risks that every beginner should be aware of before investing.
š 1. Extreme volatility:
Prices can rise or fall in minutes. Without a clear strategy, this can lead to rapid and hard-to-control losses.
š§ 2. Lack of education:
Many novices invest by following recommendations on social media without understanding the project, which increases the risk of falling for scams or investing in tokens without real fundamentals.
š 3. Loss of access to wallets:
Failing to properly back up recovery phrases can mean total loss of your funds. In crypto, there is no customer service to recover them.
š 4. Centralization of tokens:
If a few people control a large part of the supply, they can manipulate the price and create false expectations of value.
šø 5. Investing more than you can afford to lose:
This is one of the most common mistakes. In crypto, never invest money that you are not willing to lose.
Stay informed, research, and proceed with caution, and remember that knowledge is your best investment.
Do you know of more mistakes? Leave them in the comments$BTC
#CriptoPrincipiantes #RiesgosCripto #EducaciĆ³nFinanciera #DYOR*
The world of cryptocurrencies is exciting, but it is also full of risks that every beginner should be aware of before investing.
š 1. Extreme volatility:
Prices can rise or fall in minutes. Without a clear strategy, this can lead to rapid and hard-to-control losses.
š§ 2. Lack of education:
Many novices invest by following recommendations on social media without understanding the project, which increases the risk of falling for scams or investing in tokens without real fundamentals.
š 3. Loss of access to wallets:
Failing to properly back up recovery phrases can mean total loss of your funds. In crypto, there is no customer service to recover them.
š 4. Centralization of tokens:
If a few people control a large part of the supply, they can manipulate the price and create false expectations of value.
šø 5. Investing more than you can afford to lose:
This is one of the most common mistakes. In crypto, never invest money that you are not willing to lose.
Stay informed, research, and proceed with caution, and remember that knowledge is your best investment.
Do you know of more mistakes? Leave them in the comments$BTC
#CriptoPrincipiantes #RiesgosCripto #EducaciĆ³nFinanciera #DYOR*
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#RiesgosCripto $BTC
Binance News
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Bitcoin Trading Risks Highlighted by Blockstream CEO Adam Back
According to Cointelegraph, Adam Back, CEO of Blockstream and an early Bitcoin adopter, has likened selling Bitcoin to "playing in a really bad house-rate casino." In a recent interview with Bitcoin financial services firm Unchained, Back emphasized the challenges traders face when attempting to time the market. He explained that during Bitcoin's early days, the price experienced exponential growth coupled with extreme volatility. Back noted that attempting to sell Bitcoin during market dips is risky, as the overall trend remains upward and exponential, making it difficult to predict market falls accurately.
Bitcoin's notorious volatility and its pronounced bull-bear market cycles have led to corrections exceeding 80%, testing the resolve of many investors. Despite these fluctuations, those who have held onto their investments have seen significant returns, with Bitcoin achieving a total return of over 39,000% in the past decade. Back remarked that assets with rapid growth curves often experience extreme volatility until they approach full adoption. He also highlighted several factors that could sustain Bitcoin's upward price momentum. Companies like Strategy are not only acquiring Bitcoin directly but are also providing indirect exposure through instruments such as convertible notes.
Institutional interest in Bitcoin is growing, with investments from sovereign wealth funds contributing to this trend. Back mentioned Abu Dhabi's $408.5 million investment in BlackRock's Bitcoin ETF as an example of this increasing interest. Additionally, government entities are beginning to explore cryptocurrency investments. U.S. President Donald Trump has issued an executive order to establish a strategic Bitcoin reserve, and the state of New Hampshire has recently enacted a law to create such a reserve. Texas lawmakers have also passed legislation allowing the state to establish a Bitcoin reserve. These developments indicate a broader acceptance and integration of Bitcoin into institutional and governmental financial strategies.
Bitcoin's notorious volatility and its pronounced bull-bear market cycles have led to corrections exceeding 80%, testing the resolve of many investors. Despite these fluctuations, those who have held onto their investments have seen significant returns, with Bitcoin achieving a total return of over 39,000% in the past decade. Back remarked that assets with rapid growth curves often experience extreme volatility until they approach full adoption. He also highlighted several factors that could sustain Bitcoin's upward price momentum. Companies like Strategy are not only acquiring Bitcoin directly but are also providing indirect exposure through instruments such as convertible notes.
Institutional interest in Bitcoin is growing, with investments from sovereign wealth funds contributing to this trend. Back mentioned Abu Dhabi's $408.5 million investment in BlackRock's Bitcoin ETF as an example of this increasing interest. Additionally, government entities are beginning to explore cryptocurrency investments. U.S. President Donald Trump has issued an executive order to establish a strategic Bitcoin reserve, and the state of New Hampshire has recently enacted a law to create such a reserve. Texas lawmakers have also passed legislation allowing the state to establish a Bitcoin reserve. These developments indicate a broader acceptance and integration of Bitcoin into institutional and governmental financial strategies.
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