Avoid FOMO, the fear of missing out
Many investors just watch the news or hear about exorbitant profits with cryptocurrencies and end up trading a lot of money so as not to miss out on the opportunity. This generates investments without understanding how the market works, which possibly end in losses or debts. Those who act only on FOMO turn their investment into a gamble, and when the market drops for the first time, they often despair and lose a lot of money.