The crypto market is very attractive to those who want to get rich quick. However, that attraction is a double-edged sword, can turn 1,000 USD into 100 USD in just a few minutes if you are ignorant and impatient. This painful lesson happens to many people – especially those who like to follow the crowd and listen to advice without thinking carefully.

Below are valuable lessons learned from real life and personal experience, for anyone who is or will be participating in the crypto market.

1. Never Follow the Crowd

Many investors make a common mistake: buying when prices are high because of FOMO (Fear of Missing Out). This often leads to buying at the top, where the risk of loss is greatest. When prices plummet, you not only lose money but also lose confidence.

Remember:

  • The crypto market is extremely volatile and no one, including its founders, can accurately predict price trends.

  • The smart choice is not to let emotions rule your investment decisions.

2. Apply Smart Buying Strategy

My personal experience is to always place a buy order 20-30% below the current price. Why?

  • When the market corrects, you will be able to buy at a better price.

  • If you don't get the desired price, at least you avoid buying at the top.

Always have a plan:

  • Analyze the market carefully before buying.

  • Never put all your money into one trade. Divide your capital and place trades at reasonable levels to reduce your risk.

3. Respect "3 No - 3 Yes"

This is the principle that I shared in the previous article and is extremely important for any investor:

3 No:

  • Don't rush into a decision without doing your research.

  • Do not invest money that you cannot afford to lose.

  • Don't completely trust any advice without verifying it yourself.

3 Yes:

  • Have a clear plan and discipline to execute it.

  • Have basic knowledge of finance and crypto market.

  • Have a risk-taking mentality.

4. Understand That: Crypto Is Not a "Magic Wand"

Many people enter the crypto market with the illusion that they will become millionaires in just a few days. In reality, most of them will lose money. Crypto can be very profitable, but it also requires knowledge, experience, and patience.

Lesson:

  • Get rich quick is not for the undisciplined and impatient.

  • To be successful, you must invest time in learning, analyzing, and building long-term strategies.

Conclusion: Don't Let Money Master You

The crypto market is full of opportunities but also has many potential risks. If you invest only for the desire for quick profits, sooner or later you will become "bait" for the sharks in this market.

Always remember: "Investing is not just about making money, but also about learning how to manage risks and control emotions." Only when you know what you are doing, can you get closer to success in the crypto market. DYOR! #Write&Earn $BTC