Let's get straight to the point because I haven't had a wink of sleep last night.

Here are three crypto mistakes to avoid at all costs.

1. Don’t buy because “you’ve heard it’s the next Dogecoin”

I guess this is basically just another way of saying DYOR – Do Your Own Research.

The whole crypto space will stabilize with widespread adoption but there will be rug pulls, corrections and crashes along the way. Sometimes you can spot them a mile away, sometimes you can.

So the one thing you can do is know what you're buying.

Nothing wrong with meme coins if that's your particular cup of tea, for example.

The worst thing we can do is buy give in to the hype and FUD and buy useless coins just because "you've missed out on Dogecoin, don't miss out on [INSERT COIN NAME HERE].

2. Don’t fall in love with a coin/token

I’m guilty of this. I find a new token, fall in love with it and hodl it forever even when it doesn't take off and/or it goes belly up.

And this can always happen. Algorand is a great example, for some reason, it's still not taking off despite being an extremely solid project. Do stay in if that's what you believe in, but it's a bad idea to stay invested just because we... "can't let it go".

3. When people buy groceries, they buy bread and butter, not foie grais

The chances of accidentally buying an unknown token that moons and makes you rich are actually next to zero.

It’s much better to get there a little later, but resting safe in the knowledge that you’re putting your money into something that’s already proven valuable, at least to an extent, than to YOLO on something that’s untested that could very easily lose you money.

Good night