Why Do 90% of Newcomers Lose Money in Crypto? Here Are 5 Common Mistakes!
If you're new to the crypto market, read this carefully before losing money unnecessarily. According to statistics I've seen on Binance and from friends around me, 90% of newcomers lose money in the first 3 months just because of the 5 mistakes below:
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✅ 1️⃣ Going all-in on one trade, not diversifying capital
As long as the leader or that coin goes against the trend, your account can be wiped out.
✅ 2️⃣ Seeing others making big profits and FOMOing into trades
When you jump in, it's often when others are about to take profits.
✅ 3️⃣ Not setting stop-loss
Crypto is very volatile. Not having a stop-loss means losing control of your losses.
✅ 4️⃣ Chasing rumors online
Coins that are "about to 10x, 20x" are all traps.
✅ 5️⃣ Not learning how to read charts and manage capital
Trading without knowing how to preserve capital means even if you make a few profitable trades, you’ll end up losing everything afterward.
📌 Experience
Always divide your capital.
Only copy leaders who have been active for over 90 days.
Set stop-loss and limit copy volume.
Don’t chase trending coins without fully understanding them.
