Hey there, crypto newcomers!
Let’s get real for a second—if you’re diving into crypto with hopes of striking it rich overnight, you’re setting yourself up for disappointment. A lot of influencers out there may make it look easy, but the reality is, it’s the whales, market insiders, and development teams who truly move the market and pocket the big money. For most, crypto is a game where wealth flows from the impulsive to the patient. I’ve learned this the hard way—and hopefully, I can help you avoid making the same mistakes.
Back in 2017-18, I fell into the trap of FOMO, buying at the top, and I lost a good chunk of money. I was chasing quick gains, but I was unprepared for the market’s ups and downs. By 2020, I was finally seeing some profit—until I made the mistake of leveraging in 2021. Just as quickly as the gains came, I lost it all by risking too much on leverage and not knowing when to stop.
Here’s what finally worked for me: After 2022, I started playing it safe, accumulating coins on spot trading without leverage. Now, I don’t flinch when the market takes a 20% dip—I’m in it for the long run, building wealth steadily, not gambling it away.
Sure, I still do some leverage trading here and there, but only for fun and with stop-losses set in advance. Even then, I know the odds aren’t in my favor. It’s all about managing risks now.
So, here’s my advice for you: Seriously, stay away from leverage as a beginner. It might seem like a fast track to profit, but more often than not, it’ll backfire. Even if you start making gains, that initial success can lead to overconfidence, which ultimately leads to costly mistakes.
Think of making money in crypto like running a marathon, not a sprint. Patience and strategy win over impulsiveness every time. Focus on steady growth, seize solid opportunities, and above all, avoid the lure of leverage until you’ve built experience and a safety net.
Let’s make this journey about growing wealth, not losing it. Happy trading!