$BNB

From today, I will no longer publish articles about the public chain disputes and my holdings

and the benefits of tokens.

Now, I will share some good articles I have read and provide some concise summaries.

Today, let's chat about common mistakes that new crypto enthusiasts make and

how to solve them.

1: Invest funds that you cannot afford to lose

Isn't this a bit of a cliché? But it is indeed a common mistake.

How to solve it? Take the amount you plan to invest and then halve

that amount. If the amount you plan to invest makes you feel uneasy,

then you are investing too much.

If you are investing money that you cannot afford to lose,

you are not investing, you are gambling. In the cryptocurrency market,

this can be fatal.

The bottom line is to ensure you have enough

survival funds (money) before entering the crypto world.

2: Blindly following influencers and trends

These influencers often promote projects for money, so before following a trend,

you need to do some research, such as what problem this project solves?

Is there a real demand? Does it solve a real problem, or is it

just another imitator? Also, what is the total supply?

Who controls it? Is there a risk of too much concentration of chips?

Additionally, who is the founder? Is the team background anonymous or

a trustworthy, publicly recognized team?

3: Buying high and selling low (FOMO emotions)

This is the most painful mistake for newcomers. The fear of missing out can easily lead to this.

The solution is to pause when you feel the urge to buy due to FOMO,

because when a coin has already multiplied several times, you are not

an early participant, and it is easy to fall into a trap. Remember, the market has cycles,

and there will be many new opportunities; blindly following trends is likely to lead to losses.

4: Making large investments in new coins without a product

New coins are very attractive. They are fresh and exciting, everyone loves to fantasize,

"What if this is the next big hit?" But unfortunately,

new coins are like startups; 90% will fail.

Unless the project already has a real product, do not chase

"the next big hit." The price may be tempting,

but the product and execution are key. Stick to investing in coins that have

real products or can truly solve problems.

5: Using high leverage

No need to elaborate on this?

Good luck!