Introduction:
The world of cryptocurrencies promises insane profits, but it can also quickly make you feel like you've lost all your money in a casino. If you're a beginner, there's a 99% chance you'll make at least one of these mistakes. Let's take them apart so we don't lose our pants!
1. Buying at the height of the hype
Everyone is talking about "tu ze mun"? Congratulations, you are probably already late. Buying when an asset is up 500% in a week is the financial equivalent of chasing a bus that has already left. Instead, focus on fundamental projects that haven't taken off yet.
2. Ignoring safety
"I'll write down the passphrase in the notes on the phone - who will find it?" Hackers are already celebrating your naivety. Always use cold wallets and two-factor authentication, my friend.
3. Investment without DYOR
"A friend advised me to buy a ShibaFrog 2.0 - it will definitely fly!" No. Explore for yourself, look at the team, idea, partners and real use cases.
4. Panic during corrections
Has the price dropped by 10%? This is normal. Dropped by 50%? It's also okay if you're in the crypt. Panic selling at the bottom is like running from a fire, leaving your wallet on fire. Keep calm and look at the long term.
5. Do not fix the profit
"Just a little more and I'll be a millionaire!" - you think, but the market has other plans. Always withdraw part of the profit. Wisdom says: better a crow in the hand than a bitcoin at its peak.
Visnovok:
Cryptocurrency is not only about profits, but also about risks. Learn from other people's mistakes, don't repeat these obvious failures and remember: your money works for you only when you work with your head.
