I see a lot of people losing money due to FOMO, they invest at historical highs or when the coin is rising, that is the first thing they teach you in Economics "Do not buy on the rise" for those who want to invest in:
Cardano ADA: The purchase price is 0.50-0.59. Wen: The purchase price is 0.00014-0.00015
Without Too Much Text Neither selling you a coin with a supposed 1000%
Easier ways to lose money as a beginner
1) Using Futures Trading without any knowledge or thinking that by watching 3 YouTube videos you are the Prime Trader.
Solution: Use the demo trading option and apply strategies, view charts, and when you are profitable and have good risk management, start with very little capital and in 'Isolated'
2) Holding coins that are already dead, waiting for Christ to resurrect them
Solution: Risk management, Buy the rumor, sell the news; holding a coin for 10 years waiting for it to resurrect is of no use. Mobilize capital and learn when to take partial profits.
3) Buying high and selling low; although it sounds silly, there are people who buy at historical highs or when the hype wave is at its peak, and that will make you lose money
Solution: A basic trading rule is 'Buy the Rumor, Sell the News'; do not buy at historical highs, buy on pullbacks. If you see that a coin has a lot of focus, it is time to start figuring out where to place your exit to take profits.
The price of HMSTR has been struggling for days despite its huge popularity. It has dropped by 60% in the last month, disappointing small investors as large investors cashed in on the token's short-lived BOOM.
Thus losing all its appeal, those who invested in the BOOM and didn't know when to sell saw how moments after its launch the token seemed like a roller coaster, with retail sellers active in the market to take supposed profits
In addition, the volatility around the airdrop also affects the price, but it could stabilize over time.
Let's see how the developers fix this catastrophe and if in the long run it will be profitable for the time being, we just have to wait and see if Hamster Kombat's 11.25% stake on tokens issued after Season 1 and redeemed gradually over 10 months to double rewards for long-term storage has the desired effect