SOME COMMON MISTAKES
- The biggest mistake in a downtrend is to buy everything that is red. Once you buy, it splits.
- The biggest mistake in an uptrend is to sell everything that is green. Once you sell, it goes up.
- Top coins with large market capitalization cannot X: Just look at how BTC, ETH, and XRP have increased. A few percent every day is not negligible.
- Investing in altcoins can yield higher profits than BTC -> The harsh reality is different. Altcoins go up fast, down fast, and are not sustainable. If you choose the wrong timing, you will only incur losses. BTC is sustainable and steadily trending, still generating huge profits.
- New coins are more promising than old coins? Whether new or old doesn't matter; what matters is a good project, supported by strong investors and community for sustainability.
- Small cap, large FDV means potential: Be careful with this type of model, as developers will continuously unlock daily or weekly to sustain the project without caring too much about the price. Many tech princes have split 10 to 20 times because of this kind of tokenomics.
