Six Important Errors to Steer Clear of During a Crypto Bull Run
Although exciting, a cryptocurrency bull run is dangerous. To optimize your gains, steer clear of these six typical blunders:
1. Giving in to FOMO
Losses result from investing in overhyped coins at their highest prices.
Research projects, pay attention to the basics, and refrain from making rash purchases are some tips.
2. The Rule of Allowing Emotions
Your plan may be derailed by panic during dips or euphoria during highs.
Advice: Focus on long-term objectives and follow a trading plan.
3. Putting All Your Money Into One Coin
It's dangerous to wager on just one asset.
Advice: To spread risk, diversify with a few high-performing projects.
4. Excessive Diversification
Returns are diluted when holding too many coins.
Advice: Limit yourself to 5–10 thoroughly researched cryptocurrencies that you are familiar with.
5. Abuse of Power
In erratic markets, leverage increases losses.
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