📉 1. FOMO Buying (Fear of Missing Out)

The Mistake: Buying impulsively during hype when prices are at a peak.
How to Avoid:

  • Stick to a predefined strategy (e.g., dollar-cost averaging).

  • Don’t chase pumps; wait for corrections.

  • Research before reacting to social media or influencers.

📚 2. Ignoring Research

The Mistake: Investing in coins without understanding the project, team, or use case.

How to Avoid:

  • Read whitepapers and check the project's website.

  • Look at the team, roadmap, community engagement.

  • Use trusted sources like CoinMarketCap, Binance Research, or Messari.

🛡️ 3. Poor Risk Management

The Mistake: Going all-in or investing more than you can afford to lose.
How to Avoid:

  • Diversify your portfolio (don't put all in one coin).

  • Use stop-loss and take-profit strategies.

  • Never invest borrowed money or emergency funds.

⚖️ 4. Using Leverage Without Understanding

The Mistake: Using margin/futures trading without knowing the risks.
How to Avoid:

  • Avoid leverage unless you're experienced.

  • Start small if you must, and fully understand liquidation risks.

  • Practice using testnets or paper trading before real funds.

🔐 5. Not Securing Their Assets (e.g., 2FA)

The Mistake: Getting hacked due to poor security practices.
How to Avoid:

  • Enable 2FA (Google Authenticator > SMS).

  • Don’t click on suspicious links or download unknown apps.

  • Use a hardware wallet or trusted self-custody wallets.

  • Keep backup codes and passwords safe (offline).