Many new crypto investors, especially those with 1-2 years of experience, tend to make some common mistakes. One major error is buying coins from the gainers and losers lists, assuming their prices will continue to rise. These coins often have already surged by 30%, 50%, or even 80%, making this strategy risky and potentially leading to significant losses.

Instead, take the time to conduct thorough research and develop a long-term investment strategy. This approach will help you avoid costly mistakes and make more informed decisions in the crypto market.