5 Steps to Losing Money Fast in Crypto

1️⃣. Investing Without Research**

- Buy cryptocurrencies simply because they've pumped recently or based on rumors.

- Ignore the technology, the team behind the project, and the fundamentals.

- Follow the advice of crypto influencers who promise 100x returns without proof.

2️⃣. Trading with Leverage

- Use 50x or 100x leverage on volatile altcoins.

- Don't place stop-losses to maximize the chances of liquidation.

- Trade in illiquid markets where the price can collapse in seconds.

3️⃣. Betting on Scams and Pump & Dumps

- Invest in unknown tokens promoted by Telegram/Discord groups.

- Trust projects without a smart contract audit (risk of rug pull).

- Buy at the top after a pump and hold until the price collapses.

4️⃣. Leaving your crypto on an unreliable exchange

- Store your assets on obscure platforms with no reputation.

- Ignore secure storage solutions like hardware wallets.

- Don't check if the exchange is regulated or has already been hacked.

5️⃣. Panic and sell at the worst possible moment

- Sell urgently as soon as the market drops 10%.

- Buy again at the peak after a rebound.

- Repeat this cycle until your capital is exhausted.

🎁Bonus (to lose even faster)🎁

- Borrow money to invest in crypto.

- Put all your savings into a single shitcoin. - Completely ignore risk management.

💡By following these steps, you're likely to lose your money very quickly!💡

If, on the other hand, you want to 👌invest wisely👌, do the opposite:

✅ Research projects before investing.

✅ Diversify and don't use too much leverage.

✅ Store your cryptocurrencies securely (cold wallet).✅ Don't panic