MISTAKES OFTEN MADE BY DEGENERATE

(Avoid These!):

1. FOMO Trading: Chasing pumps without research (e.g., buying meme coins after +500% rallies). Result: Bag-holding at the top.

2. Overleveraging: 10x–100x margin on futures. One dip = liquidation. Greed ≠ strategy.

3. Ignoring Risk Management: No stop-losses, all-in on one coin, or borrowing to invest.

4. Shill-Driven Decisions: Blindly following influencers/inner circles without verifying claims (cough BitBoy, cough FTX).

5. Ignoring Tokenomics: Buying tokens with infinite inflation, team dumps, or no utility (e.g., 99% of BSC tokens).

6. Chasing "Guaranteed" Gains: Yield farms with 10,000% APY (likely a rug pull) or "tax-free" schemes (scams).

7. Panic Selling/Buying: Emotional trades during volatility. News ≠ always actionable.

8. Neglecting Security: Clicking phishing links, sharing seed phrases, or ignoring 2FA.

9. Ignoring Macro Trends: Buying altcoins in bear markets, ignoring Fed rates/BTC dominance.

10. Refusing to Take Profits: Turning 10x gains into losses because "it’ll go higher."

Bonus Blunders:

- Apeing ICOs/IDOs without audits (see: Squid Game token).

- Trusting CEXs Blindly (remember Celsius, Voyager, FTX?).

- Swing Trading Shitcoins: 90% bleed against BTC long-term.

Pro Tip: Degens survive by respecting stops, taking profits, and treating crypto like casino money—never life savings. Stay humble, stack BTC/ETH, and actually DYOR.