🔍 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.
📉 1. Extreme volatility:
Prices can rise or fall in minutes. Without a clear strategy, this can lead to rapid and hard-to-control losses.
🧠 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.
🔐 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.
📊 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.
💸 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
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