Things to Avoid When Investing in Cryptocurrency

When investing in cryptocurrency, there are several important things you should try to avoid in order to minimize risk:

1. Buying high and selling low: This is a common mistake made by many new investors, who often buy at high prices and panic sell when prices drop, leading to significant losses.

2. Poor capital management: Many investors do not have a clear plan for managing their capital, which can lead to loss of control and serious financial losses.

3. Lack of knowledge about wallet security: Users often do not understand how to secure their wallets, leading to the risk of asset loss due to forgetting passwords or being hacked.

4. Participating in unlicensed exchanges: In Vietnam, many cryptocurrency exchanges do not have licenses, increasing the risk of scams or losing money.

5. Promises of high returns: Be cautious of advertisements promising unrealistic profits, as this is often a sign of scams.

For more information, you can refer to specialized documents and online investment courses.