Avoid these 5 mistakes, and you’ll lose less, which is a gain

First, don’t chase after a surge!

"Bitcoin is rising again, hurry and buy!" This is the most harmful phrase. I have seen too many people standing guard at the peak, unwilling to sell during a downturn, ultimately cutting their losses and leaving.

Second, if someone in the group recommends a coin? Buy it in reverse!

Those who constantly show profit screenshots are 99% shills! The real experts making money are quietly accumulating wealth, who has the time to teach you? Remember: for group recommendations, the opposite action is correct.

Third, don’t blindly believe in holding long-term!

Not all coins are worth holding long-term! 99% of altcoins will go to zero; holding a worthless coin for ten years is still trash. Only hold mainstream coins, those that have stood the test of time are safe.

Fourth, don’t be misled by "others fearful, I’m greedy"!

This saying by Buffett is misunderstood by too many. Not every downturn is worth being greedy; only act when you are sure it’s a wrongful kill. Otherwise, you’ll be the one catching flying knives.

Fifth, don’t ignore market sentiment!

The crypto market is an emotional market, driven by FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, Doubt). Learn to observe community sentiment to seize opportunities!

Summary:

Avoiding these mistakes will reduce your losses significantly, and that is true profit!

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