The main factor that can harm your growth and development in crypto is emotions.
Have you noticed that: - When you buy — the price falls - When you sell — the price goes up - When you wait — the market stands still
It's not magic. It's your emotions.
How to avoid emotional trading? Don't be afraid of missing out on profits. 99% of 'hot' entries lead to losses. Don't average down your losses. 'I’ll buy more — what if it bounces back' — that's how you lose your entire deposit. Set stop-losses. If you can't control your emotions, let the algorithm do it for you.
We understand that emotions and impulsiveness hurt your finances, but what to do if you’re afraid of falling for a scam?
Remember one axiom.
'Trust, but verify' — this is not about crypto. In crypto — 'Trust NO ONE. Verify EVERYTHING'.
Ask yourself these 3 questions before entering a project: - Is this not a scam? - Do I understand what I’m investing in? - Am I ready to lose this money?
If there is not a clear 'YES' to at least one question — don’t enter the project.
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Crypto is not a casino, but a tool. And like any tool — if you don’t know how to use it, it’s better not to pick it up.
Can you distinguish a scam from a legitimate one? Yes-🔥
To shake your psyche and train it so that every rise seems like an opportunity to sell the remnants of your spot, and even worse, to open a "hedge short".
😎Yesterday you were lucky, and tomorrow you’ll be tearing your hair out with the words: "Now, as usual, we’ll go down, this rise is deceptive," but the treachery lies in the words "as usual," at one moment the stereotype will break, and you will feel the full force of the market's shadowy hand.
Crypto Investments: An Honest Guide for Those Who Don't Want to Become "That Fool"
Everyone around has suddenly become a crypto expert. Your colleague "made money on meme coins", a blogger "gives 100% signals", and your neighbor "just believes in Bitcoin". But when you open the exchange app — there are only confusing graphs and the fear of doing something wrong.
Let's be honest:
1. What is crypto anyway?
It's not magic, not a financial cult, and not the "new internet". It's just a money technology where: - There is no central bank - Transfers are faster and cheaper - Everyone is their own boss
2. How not to mess up in the first days?
➖ Don't dive into everything at once 90% of coins are garbage. Start with BTC and ETH — they're like the dollar and euro of the crypto world.
➖ Don't believe in "guaranteed profits" If someone promises x100 — they're either a fool or want your money.
➖ Don't leave money on exchanges FTX collapsed. Celsius collapsed. Is your exchange next? Withdraw profits to your wallet.
3. Practical checklist:
1. Register on Binance/Bybit 2. Buy BTC with 50% of the deposit 3. The rest — in ETH and 1-2 trusted altcoins 4. Install Trust Wallet 5. Withdraw everything except the amount for trading
Important: the first 3 months — just observe and learn. Don't try to "recover your deposit".