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

If you are new to the world of digital currencies, you are prone to making some mistakes that could cost you a lot. Take a minute to 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 could crash suddenly, and you would have bought at the peak.

2. Trading without a plan

You enter a trade without knowing when to exit? That's where the problem starts. Set your target before entering, and determine an acceptable loss percentage.

3. Overconfidence in recommendations

Did a friend tell you to buy? Did a Telegram channel recommend a coin? Don’t rely on others; learn how to analyze for yourself.

4. Trading with all your capital

Don’t leave yourself without 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 is 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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