why many crypto beginners fail ?
Do's:
1. Research: Thoroughly research projects before investing.
2. Diversify: Spread your investments across different cryptocurrencies.
3. Secure Wallets: Use reputable wallets and enable two-factor authentication.
4. Stay Informed: Keep up with market trends and news.
5. Risk Management: Only invest what you can afford to lose.
6. Verify Sources: Verify information from reliable sources.
Don'ts:
1. FOMO (Fear of Missing Out): Avoid impulsive decisions driven by FOMO.
2. Neglect Security: Don't compromise on wallet security or share private keys.
3. Overleverage: Avoid excessive borrowing or trading with high leverage.
4. Ignore Regulations: Stay aware of local cryptocurrency regulations.
5. Follow Hype Blindly: Don't invest solely based on hype without proper research.
6. Neglect Regular Checks: Regularly check your investments and market conditions.
