In the volatile world of cryptocurrencies, where prices dance between crazy highs and sudden lows, many dream of quick riches. They enter this market enthusiastically, follow the news, and invest their savings hoping to be a part of the success stories we hear about daily. But, did you know that 90% of these investors make a deadly mistake that costs them a fortune?

This mistake is not rare; it is widespread and is the primary cause of many losses in the crypto market: investing based on noise (FOMO) and abandoning assets in a downturn (FUD) without a deep understanding of the project or a clear strategy.

Let's break down this deadly mistake:

1. Investing based on noise (FOMO - Fear Of Missing Out)

Imagine this scenario: You hear about a certain cryptocurrency skyrocketing. Friends share their profit stories, and social media buzzes about it. The fear of missing out (FOMO) grips you, so you decide to buy in large amounts without enough research on the project, the team, or even the underlying technology of that coin.

Why is it deadly?

* Buying at the peak: Investors often buy out of FOMO when the coin has already reached or is near its peak.

* Lack of planning: They have no exit strategy or clear profit goal, making them prone to panic at the first correction.

* Herd mentality: They follow the crowds instead of making informed decisions, making them susceptible to market manipulation.

2. Abandoning assets in a downturn (FUD - Fear, Uncertainty, Doubt)

Once the price of the coin you bought starts to drop (which is very normal in the volatile crypto market), doubt, fear, and uncertainty (FUD) creep in. Negative news escalates, and bearish analyses increase, causing you to panic and decide to sell at a loss to avoid further losses, often at the lowest point.

Why is it deadly?

* Realizing the loss: You turn an unrealized (paper) loss into a real loss as soon as you sell.

* Missing the recovery: You sell before the market starts to recover, causing you to miss the chance to regain capital or make profits later.

* Negative cycle: They enter a cycle of buying high and selling low, slowly draining their portfolio.

How to avoid this deadly mistake?

Avoiding this trap doesn't require you to be an expert trader, but it does require discipline and a deep understanding of the fundamentals:

* Research, research, research (DYOR - Do Your Own Research):

* Before investing in any coin, spend time understanding the project, its goals, the problem it aims to solve, the team behind it, and its roadmap. Read the "whitepaper."

* Don't rely solely on others' recommendations or surface-level news.

* Have a clear investment plan:

* Set your goals: Are you investing for the short term or the long term?

* Set entry and exit points: When will you buy? And when will you sell (to take profits or cut losses)?

* Don't put all your eggs in one basket: Diversify your investment portfolio.

* Only invest what you can afford to lose:

* The crypto market is highly volatile. Do not invest money you need for living expenses or to meet your basic obligations.

* Ignore the noise:

* Avoid following every tweet or social media post that inflates coins or spreads fear.

* Focus on reliable information and objective analysis.

* Understanding the market cycle:

* The crypto market moves in cycles. Gains are followed by corrections, and drops are often followed by recovery periods. Learn patience.

Summary

The deadly mistake made by 90% of crypto investors is falling into the FOMO and FUD traps. Through thoughtful investing, creating a clear strategy, diversifying your portfolio, and most importantly, patience and discipline, you can avoid this devastating mistake and become part of the 10% who profit in this exciting market.

Do not let emotions control your investment decisions. Learn, plan, and invest wisely!