Fatal mistakes beginners make in the crypto market – Avoid them to survive!

If you're new to the world of cryptocurrencies, you're prone to making some mistakes that could cost you a lot. Take a minute and read these points, they might save you from a near loss:

1. Buying during FOMO (Fear of Missing Out)

If you see everyone buying a certain coin and the price is skyrocketing, don't jump in! The market can crash suddenly, and you'll have bought at the peak.

2. Trading without a plan

You enter a trade not knowing when to exit? That's where the problem begins. Set your goal before entering, and determine a loss percentage you are willing to accept.

3. Overconfidence in recommendations

Your friend told you to buy? A Telegram channel suggested a coin? Don't rely on anyone, learn how to analyze on your own.

4. Trading with all your capital

You don’t leave yourself any liquidity! Trade with a portion, and keep a portion as a reserve for any opportunity or loss.

5. Forgetting risk management

Every trade without capital management = a ticking time bomb. Don't risk more than 5% of your portfolio in a single trade.

Golden advice: Crypto is not a fast track to wealth, but it's a great opportunity if you enter with a learner's mindset, not a gambler's.

Have you fallen into any of these mistakes? Or do you have a sixth mistake that could benefit beginners?

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