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Mir Mahmudun Nabi
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Mir Mahmudun Nabi
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Good Morning. Spreading Love & Happiness 💙 $BTC $XRP $SOL
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#TradingMistakes101 Here’s a breakdown of Crypto Mistakes 101—common errors that beginners (and sometimes even experienced investors) make in the crypto world, and how to avoid them: 🔐 1. Not Securing Your Private Keys Mistake: Storing private keys or seed phrases in plain text (like screenshots, notes apps, or cloud storage). Fix: Use a hardware wallet or encrypted offline storage. Remember: "Not your keys, not your coins." 📉 2. Investing Without Research (FOMOing In) Mistake: Buying into a project just because it's trending or someone on social media hyped it. Fix: Research fundamentals: the team, tokenomics, roadmap, and use case before investing. 📊 3. Overtrading Mistake: Constantly buying and selling based on emotions or short-term movements. Fix: Have a strategy. Stick to it. Avoid revenge trading or panic selling. 💸 4. Falling for Scams and Phishing Mistake: Clicking on fake links, giving seed phrases to “support” reps, or joining sketchy airdrops. Fix: Always double-check URLs. Never share your seed phrase. If it seems too good to be true, it is 🔄 5. Using Centralized Exchanges as Wallets Mistake: Keeping large amounts of crypto on an exchange. Fix: Move funds to a self-custodial wallet unless you're actively trading. 📚 6. Ignoring Fees and Gas Costs Mistake: Transferring or trading small amounts and losing most of it to gas/transaction fees. Fix: Understand the cost structure of the chain you're using. Layer 2 solutions often offer cheaper alternatives. 🧠 7. Poor Portfolio Diversification Mistake: Going all-in on one coin or token. Fix: Diversify across multiple assets and sectors (DeFi, infrastructure, gaming, etc.) based on your risk tolerance. 🕰️ 8. No Exit Strategy Mistake: Holding indefinitely without knowing when or why to sell. Fix: Set profit targets and stop-loss levels. Revisit your goals regularly. 📆 9. Tax Negligence Mistake: Ignoring crypto taxes and getting blindsided by a huge bill later. Fix: Track your transactions and stay informed about your local tax laws. Dyor.
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Eid Mubarak Everyone. May Allah Bless u all & accept all of our prayers & sacrifice for Allah. ❣️❤️🔥 Stay happy with Family members & enjoy your moments with them🖤 #TrumpVsMusk #Write2Earn #Mir $BTC $ETH
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Good Evening 🌷 $PEPE $XRP $ETH May Allah protect u all🖤
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Good Morning 🌞 $PEPE $SHIB $BNB #writetoearn #10kfollowersdone #Mir🖤💙
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