💡 3 things I wish I had known before making my first crypto purchase
When I made my first cryptocurrency purchase, I thought it was just "buy, wait, and get rich"… 🙃 Nothing could be further from the truth. If I could go back, I would tell myself these three things:
1️⃣ The market moves by emotions, not just logic
In crypto, not everything is technical analysis or fundamentals. Many times prices rise due to euphoria and fall due to fear, even without significant news.
📌 Lesson: not to be swayed by panic or greed. Have a plan and stick to it, even when everyone says otherwise.
2️⃣ Never invest everything at once
My mistake was putting all my capital in at once. If you buy at the highest point, you have to wait months or years to recover.
📌 Lesson: make staggered purchases (DCA). Entering gradually allows me to average prices and reduce risk.
3️⃣ Drops are not always bad… sometimes they are opportunities
Before, I saw a drop and thought "I lost money, this is sinking." Today I understand that if the project is solid, a drop can be the best time to buy cheaper.
📌 Lesson: separate quality projects from passing trends, and use drops to my advantage.
💬 Now I ask you:
If you could go back to your first crypto purchase, what advice would you give yourself?
