💸 Top 5 Ways to Lose Money in Crypto — and How to Avoid It

Cryptocurrency promises freedom and financial independence… but can turn into disappointment if you don't know the traps. Here are the 5 most common mistakes — and tips on how to avoid them.

🔥 1. Investing Due to FOMO (Fear of Missing Out)

Buying tokens “during the hype” is a common cause of losses.

👉 Solution: Always analyze the project. Don’t follow the crowd — follow the data.

🧃 2. Storing Everything on Exchanges

Exchanges can be hacked or shut down. Mt.Gox and FTX are reminders of this.

👉 Solution: Use cold wallets for long-term storage.

🌀 3. Ignoring Risks with DeFi and Smart Contracts

Even projects with high APY can contain vulnerabilities.

👉 Solution: Check the audit, team, and reputation. And never invest more than you are willing to lose.

🎭 4. Falling for Scammers and Scams

Fake websites, counterfeit tokens, scams on Telegram.

👉 Solution: Verify official sources, domains, and contracts. Set your skepticism mode.

📉 5. Selling in Panic During Market Corrections

Emotions are the worst advisors in trading.

👉 Solution: Act according to your strategy. Set goals, stop-losses, and stay calm.