Crypto can be cruel sometimes, so it’s always important to keep our guard up in this very volatile market. It’s not a coincidence that you hear so many people talking about how they’ve lost a ton of money while chasing “the” crypto that will change their lives forever.
Investing Too Much
Let’s start with the fundamentals : before investing, you need to have a clear idea of the market you are going to invest in.
For the crypto market, it’s important to know that you may not make money quickly and sometimes may even lose money in the short term, especially if you don’t know the market’s position in the crypto cycles. So it’s very important to only invest money that you are almost certain to leave in the market for quite some time.
Not Learning About Crypto
The crypto space is a very fascinating place with a lot of opportunities that can be very rewarding, such as getting an airdrop or finding a gem project that might be a great investment.
But on the other side of the coin, there are a lot of scams and rug pulls that will drain all of your money if you make one misclick. Learn about creating a wallet, how it works, what to avoid, etc. All of this makes learning key in order to find great projects and protect yourself from scams.
Conclusion
There are a lot of things to learn when investing in crypto, this list covers only the main ones. I will continue this series if you like it and maybe explore some mistakes more deeply and how to fix them.
As always thank you for reading !
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Disclaimer : This is not a financial advice, you need to do your own research !
