You need to answer that question! What’s missing should be compensated!
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When entering the Crypto market, you may lack some important factors:
1. *Knowledge*: A lack of knowledge about blockchain, cryptocurrency, and the Crypto market can lead to unreasonable investment decisions.
2. *Experience*: A lack of experience in investing and trading Crypto can lead to asset loss.
3. *Discipline*: A lack of discipline in managing risk and setting investment goals can lead to asset loss.
4. *Stable mindset*: A lack of a stable mindset can lead to investment decisions based on emotions, rather than analysis and planning.
5. *Risk management*: A lack of risk management can lead to asset loss due to the absence of contingency plans.
6. *Technical and fundamental analysis*: A lack of technical and fundamental analysis can lead to unreasonable investment decisions.
7. *News and information*: A lack of news and information about the Crypto market can lead to unreasonable investment decisions.
8. *Analytical skills*: A lack of analytical skills can lead to unreasonable investment decisions.
9. *Financial management skills*: A lack of financial management skills can lead to asset loss due to the absence of an effective financial management plan.
10. *Patience*: A lack of patience can lead to unreasonable investment decisions, as one does not wait for the right time to buy or sell.
To avoid these shortcomings, you should:
- Learn and research about the Crypto market
- Seek advice from experts
- Set clear investment goals
- Effective risk management
- Technical and fundamental analysis
- Follow news and information about the Crypto market
- Develop analysis and financial management skills
- Be patient and wait for the right time to buy or sell.
The First & also the Last: I advise you to 'Lack the eagerness to follow the crowd' and to have 'calmness' as well as 'Cash' and 'Steel Discipline' so as not to become prey hunted in the games of Sharks and Whales!
