Today we will discuss the top five most common mistakes almost every new crypto investor made.
Buy High Sell Low
It is a widespread problem. New crypto investors come to market, see a coin going high fast, and already did 2-3x, they bought that coin dreaming that it will do another 100-200x. In most cases now these days, most of the new coins even struggle to maintain their base price. So, when it already did a few Xs, better that u just avoid it. Instead, the newcomer buys that coin at a high price and eventually ends up selling at a loss.
Blindly following Crypto KOL
New in crypto start blindly trusting and following every project shill by big KOLs on Twitter or other social media. As a result, they become a victim of their bundle rug or planned rug. So, do not follow anyone blindly.
Invest More Than Which You Afford to Loss
The crypto market is uncertain. No one can predict either market will go up or down. Either a coin will stay market forever or scam away in a day. Newcomer come and invest every of their last penny in greed of making x’s from their investment immediately. Never do that. Always invest the maximum that u afford to lose.
Never Took Initial Out
In the dream of making 10x-20x from their investment, new investor forgets to play safe. It is a very important rule- take your initial out in 2x. Yes, stay safe, take your initial investment out in 2x, so next if the price goes up you will make a profit. If goes down, nothing to lose. Code- newtocrypto
Forget Safety
Scammer everywhere. They play a very smart role in crypto. They will send you various offers of airdrops. If u mistakenly just trust any of their promises and click any link, anytime your account may get compromised. So don’t be greedy, never forget your wallet safety.
There are many more mistakes that new investors make. These are the common ones. If you want to get more healthy tips in crypto, be sure to subscribe to our telegram.
