❌Common Mistakes to Avoid When Investing in Crypto
80% of the mistakes made by newcomers in crypto can be avoided with education. Here are the most common ones and how to avoid them.
🔸 Buying out of emotion (FOMO)
Just because everyone is buying a coin doesn't mean it's a good time. If it has already risen too much, you are probably arriving late.
🔸 Not using Stop Loss
It's your insurance. If you don't limit your losses, you can lose everything. Use a stop based on your analysis, not on a whim.
🔸 Betting everything on a single coin
Diversify. Even the strongest can fall. Don't put all your money into a single crypto.
🔸 Not understanding what you are buying
If you don't know what a coin does, don't invest. Research its project, utility, team, and community.
🔸 Following influencers without your own criteria
Do your own analysis. Many are just seeking views. If you don't understand why something is going to rise, it's better to wait.
✅ Final advice
Learning from others' mistakes saves you time and money. The key is to have clear rules and stick to them.
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