Confessions of a Crypto OG: 10 painful mistakes that cost me millions
1. 🚀 Buying at the top (FOMO disaster)
In 2017, I bought BTC at $20,000.
Shortly after, it fell to $6,000.
Why? FOMO.
📌 Lesson: Buy when others are afraid, not when they are greedy.
2. 💀 Holding zombie coins
I held altcoins with a cool sound and zero utility.
They disappeared.
📌 Lesson: If it's dead, throw it away. Don't be emotional about your baggage.
3. 💰 No profit-taking plan
My portfolio multiplied by 15 in 2021.
I didn't sell — I'm waiting for more.
It crashed. I left with only 2x.
📌 Lesson: Take profits step by step as you go up.
4. 🎯 Betting everything on a single coin
I bet it all on a trendy Layer 1.
It disappeared in 3 months.
📌 Lesson: Diversify.
Balance between DeFi, AI, Infrastructure, and yes — even memes like $PEPE.
5. 🔐 Weak security practices
Lost 40% due to hacks and phishing.
📌 Lesson:
Use hardware wallets
Enable 2FA
Never click on random links
And yes — try to connect securely via #And yes — try to connect securely via #WalletConnect! 6. 👥 Blindly copying influencers
I followed a trader with 500k subscribers.
Lost 70% in a month.
📌 Lesson: DYOR.
Influencers are often paid to promote, not to protect your money.
7. 🚪 No exit plan
At every rise, I was waiting for 'just a little more'.
Every time, I gave it all back.
📌 Lesson:
Set price targets. Stick to them.
Have an exit strategy before FOMO hits.
8. ⚔️ Reckless trading habits
I used leverage without a stop-loss.
I got liquidated. I cried. Repeated.
📌 Lesson:
Never trade without risk management.
Use a stop-loss. Only risk what you can afford to lose.
9. 📊 Ignoring macro trends
Inflation was rising. Rates were rising.
I stayed. Crypto crashed.
📌 Lesson:
Follow economic trends.
Crypto doesn't move in a vacuum.
10. 🏁 Giving up too early
I sold all my BTC in 2015 at $300.
I thought it was over.
That was just the beginning.
📌 Lesson:
Those who win? They never give up.
$BTC $WCT $PEPE
#CryptoTips CryptoTips #BinanceSquare #WriteToEarn #DYOR #WalletConnect
