Source: Jelajahcoin.com

In recent months, hundreds of crypto investors from #Indonesia have suffered significant losses, with some even losing billions of rupiah.

Not only because of the market crash or global price declines, but due to one fatal mistake that could actually be avoided.

If you are currently starting or planning to start investing in crypto, this article is a must-read. Don't let yourself become the next victim!

Common Mistakes by Investors That Lead to Losses

Here are some common mistakes that lead many Indonesian investors to lose money:

  1. FOMO (Fear of Missing Out):
    Buying tokens just because they are widely discussed without knowing their utility.

  2. Trusting Influencers Without DYOR (Do Your Own Research):
    Many tokens are promoted by influencers solely for endorsement, not quality.

  3. Storing Assets on Unofficial Exchanges:
    Fake exchanges can freeze funds at any time or disappear completely.

  4. Joining Paid Signal Groups:
    Promises of quick profits? Usually just a scam disguised as a “community”.

One example is a person we can call Dedi, a private employee from Jakarta who just got to know the world of cryptocurrency earlier this year.

Lured by quick profits, he immediately bought tokens that were trending in a Telegram group. Without research, without knowing the development team, without checking legality.

The result? After the token skyrocketed in just 2 days, which is a very short time, its price immediately plummeted by 95%.

The project turned out to be a rug pull, a scam designed to steal investor funds. An amount of Rp720 million vanished overnight.

Other Data & Facts That Are Scary

According to Chainalysis, in 2024, losses from global crypto scams reached over $1.7 billion or approximately 28.6 trillion Rupiah.

Even in Indonesia, OJK and Bappebti have repeatedly warned the public to only transact on official platforms, yet many people remain indifferent to these announcements.

An internal survey from Jelajahcoin found that 7 out of 10 victims of crypto scams in Indonesia admitted they did not know the projects they were buying were illegal.

Anti-Loss Tips for Crypto Investors

So you don't become the next victim, check out the following tips:

  • Always research projects before buying
    Check the team, roadmap, tokenomics, and the smart contract audit.

  • Use platforms supervised by Bappebti
    You can check the list of legal exchanges on the official Bappebti website.

  • Use a cold wallet to store large assets
    Don't let all your assets sit on an exchange.

  • Risk management is important
    Don't go all-in. Use Dollar Cost Averaging (DCA) strategy and set loss limits.

Investing in crypto can indeed yield profits, but the risks are serious too. Don't let emotions and fear of missing out on trends make you the next victim.

Don't just be a spectator – be a smart investor. Let's help share this article with your friends, so more people are aware of crypto, not just following trends!

#BTC #ETH #XRP #SOL

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