In the world of cryptocurrencies, the opportunity is profitable... but a small mistake can cost you everything.
If you're still new to the market or even have a bit of experience, learn about 10 common mistakes that destroy capital and how to avoid them 👇
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1. Ignoring research and analysis before buying
People enter on $BTC or $PEPE due to a trend or a recommendation from a friend.
But without technical or fundamental analysis, it's like you're gambling, not investing.
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2. FOMO (Fear of Missing Out)
Do you buy when the coin is "flying high"? The market punishes those who enter late, and usually it drops right after you buy.
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3. Over-leveraging
Entering with 50x or 100x leverage? Believe me: most who try it end up with total loss. Use it with extreme caution.
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4. Weak risk management
If you don't have a specific loss percentage allowed (like 2% of capital), you're gambling.
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5. Not diversifying the portfolio
Putting all your money in one coin? If a crash happens, everything is lost.
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6. Following rumors
"Elon Musk will tweet about the coin", "A huge burn is coming" – most of it is rumors to liquidate assets, stay logical.
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7. Not using stop loss
The simplest way to protect your capital – yet many ignore it, then regret.
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8. Weak wallet security
Leaving coins on centralized platforms or without 2FA can make you a victim of hacking.
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9. Trading with emotions (Fear - Greed - Revenge)
The market does not forgive emotions, build a clear plan and stick to it.
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10. The illusion of quick wealth
If you feel like you're going to be a millionaire from $100 in a week... you're delusional. Patience is the strongest weapon.
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📊 Your opinion matters to me
What is the biggest mistake you made or saw around you?
Share your experience in the comments 👇
And if you find the article useful, share it with a friend who's just starting!
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If you're interested in the article "Top 10 Practical Steps for Sustainable Profit in Crypto" – write it to me in the comments, and I'll prepare it for you ✍️
#writetoearn #CryptoTips #RiskManagement #Binance #TradingCommunity
