🔥 Error #1: Going all in
What happens:
Beginners often buy tokens after hearing 'pump' on Telegram or YouTube. Without analysis, without strategy, with all their money.
How to avoid:
Start with small amounts to understand the market.
Always keep cash in USDT/USDC in case of a dip.
Stick to the 10% rule: don't invest more than 10% of your portfolio in one asset.
🧠 Error #2: Blind faith in 'gurus' and 'insiders'
What happens:
They buy tokens just because some blogger is 'shilling' them. Without DYOR (Do Your Own Research).
How to avoid:
Don't look at words, but at facts: the team, tokenomics, audit, activity on GitHub and community.
Use tools like Dextools, TokenSniffer, Arkham, CoinGecko, Messari.
🔑 Error #3: Improper handling of the seed phrase
What happens:
They take screenshots of the phrase, store it in notes, on Google Drive. All of this can be stolen.
How to avoid:
Write it down on paper and store it in two places.
Never enter the seed anywhere except the official wallet.
Consider cold storage or a hardware wallet.
🧼 Error #4: Using one address and wallet for everything
What happens:
One Metamask for everything: DeFi, NFT, airdrops, farming, dubious sites. In the end — a hack and loss of assets.
How to avoid:
Separate your activities: main wallet, working wallet, risk wallet.
Use a burner wallet for dubious platforms.
🐠 Error #5: Lack of basic security knowledge
What happens:
They click on phishing links, connect their wallet to fake websites, grant permissions to withdraw tokens.
How to avoid:
Always double-check the URL.
Use Revoke.cash and similar services to revoke permissions.
Install the Wallet Guard extension or similar in your browser.
🔒 Conclusion:
Crypto is not about luck — it's about skill, habits, and a cool head. By avoiding these mistakes, you already outpace 80% of beginners.
