The market is shaking again. Bitcoin is crashing, altcoins are sinking, and exchanges are recording million-dollar liquidations. And then the question arises: “Who are these people losing millions? Are they really that foolish?”
If you had a million dollars, you could live on an island, enjoying cocktails under a palm tree. But that money goes to the exchange. Why? Because even the most experienced players make mistakes that could have been avoided.
Today we will discuss 10 simple reasons that could cost you money. And most importantly — we will show how to avoid them. 💡
Error 1: Panic selling
The market is falling, and your hands are reaching for the “sell” button. It seems that this is the only way to save capital. But the truth is that selling at the very bottom means locking in losses.
How to avoid: Set a clear plan for yourself: where to cut losses and where to wait for a reversal.
Error 2: Ignoring diversification
“I invested everything in this token, it will definitely take off!” — a familiar story. When one coin falls, you lose everything.
How to avoid: Diversify your portfolio among several assets: Bitcoin, altcoins, stablecoins, and even a bit of fiat.
Error 3: Neglecting stablecoins
“I don’t want to sit in stablecoins, because the market can turn at any moment!” — many think. As a result, they lose money by staying in falling assets.
How to avoid: Keep part of your portfolio in stablecoins to have liquidity for buying assets at the bottom.
Error 4: Blind faith in advice
“This coin will grow 10 times, buy now!” — you read on social media and buy. Then you realize it was a pump.
How to avoid: Analyze projects independently. If someone advises you something, look for additional information.
Error 5: Trying to catch the bottom
“This is definitely the bottom, I’m buying!” — you tell yourself, and the price drops even lower.
How to avoid: Invest in parts. Split the amount into several purchases to average your entry.
Error 6: Ignoring the news
You buy a coin without knowing that the project has closed or its founder has been imprisoned.
How to avoid: Keep an eye on the news. Attention to the project and its ecosystem is the key to successful investing.
Error 7: Lack of strategy
“I’ll just buy and wait for the price to rise.” But what to do if it doesn’t rise?
How to avoid: Set goals: take profits at certain levels and plan in advance how to act in different scenarios.
Error 8: Focusing only on price
“This coin is cheap, so it will soon take off!” — a typical misconception. Price does not always reflect value.
How to avoid: Study the fundamental indicators of the project: the team, the idea, the technology, and partnerships.
Error 9: Using high leverage
“The bigger the leverage, the more I’ll earn!” — until the first liquidation.
How to avoid: If you are not ready for risks, avoid leverage. If you use it, limit it to a minimum.
Error 10: Underestimating emotions
You are nervous, panicking at every tick of the chart and making rash decisions.
How to avoid: Learn to manage your emotions. Set time limits for how long you check the market, and make decisions calmly.
Motivation for the end
Mistakes are not the end of the road, but part of the experience. Even the most successful investors have lost money more than once, but each time they drew conclusions, improved their strategies, and came back stronger.
Now, when the market resembles a storm, you have a choice:
• Become one who panics and dumps assets.
• Or those who see opportunities for growth in these mistakes.
Use this time for learning, analysis, and preparation. Remember that the crypto market is cyclical. After every winter comes spring, and the biggest victories go to those who are ready to wait for them.
