Avoid these 6 basic mistakes when starting in the crypto world
Diving into the world of cryptocurrencies can be exciting, but it is also full of potential pitfalls, especially if you are a beginner. Here is a basic guide to help you avoid common mistakes and improve your decisions from the start.
Author: Pablo Dávila S. Date: November 25, 2024 1. Not researching before investing The most common mistake is to invest in something without understanding what it is. For example, buying DAI thinking it will increase in price when in reality it is a stablecoin, designed to maintain its stable value against the dollar. Always research each coin: is it a stablecoin, a utility token, or just a memecoin?
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