5 rookie mistakes that cost me in crypto and how to avoid them.
Information for educational purposes. This does not represent a financial guide.
When I started in crypto, I made mistakes that cost me money and, above all, peace of mind. Here I share the most common ones so you don't stumble over the same stones:
1. Buying at the top due to FOMO
I saw a coin rising and thought, "It's going to keep rising!" I bought at the peak and, shortly after, the price crashed. I learned that one must research and not get carried away by emotion.
2. Selling in panic during a drop
A 10% drop scared me and I sold, losing money. Then, the market recovered. Now I know that corrections are normal and one must be patient.
3. Not having a clear strategy
I was investing without a plan: without entry or exit objectives. This led me to impulsive decisions. Today, I make each investment with a defined strategy.
4. Ignoring security
I left my assets on exchanges without enabling two-factor authentication. One day, I almost lost everything due to a hacking attempt. Security is fundamental.
5. Following advice without researching
I bought coins because someone on social media said they were "the next big thing." I lost money for not doing my own research. Now, I always analyze before investing.
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