My name is Franklinnath from Imo State, Nigeria. Started my crypto journey recently with a lot of excitement and zero knowledge. below are 5 understandable mistakes that almost cost me wealth, and how I escaped them.
1. I almost Bought Every Coin I Saw On Twitter
I was eager and hungry to buy every coin I saw on Twitter. shouting and screaming Everywhere! "this one will 100x!" I didn't go for a single research. Now I have learned to pause, check CoinGecko and More to understand what the coin actually does before I think of buying.
2. I Had Zero Understanding About Gas Fees
I had no understanding about gas fees. Sending $5 crypto would Slightly cost $5. I was shocked when I saw the network fee was almost as Large as what I wanted to send. Now I check fees first and use networks with lesser/lower fees when I'm learning.
3. Accepting DMs Offering Me Things Like, Send 0.1 ETH, Get 1 ETH
I received DMs offering me things like "send 0.1 ETH, get 1 ETH back." tempting at first but highly poisonous. Then I asked myself: why would a stranger double my money for free? I blocked and reported. Rule I learned: no real opportunity comes through random DMs.
4. Wasn't disciplined enough to Write Down My Seed Phrase Properly
I didn't write down my seed phrase properly at first. I kept it in my phone notes and almost lost my life. just discovered the dangerouscity. no waste of time wrote it on paper, kept it in two safe places offline, and never share it with anyone.
5. Thinking Publish0x Would Be prince charming Overnight
I was thinking Publish0x would make my generation very rich overnight. I thought 7 daily tips meant dollars every day. I quickly learned the reader tips are just cents. The real value is learning, building followers, and earning slowly as an author by being consistent.
Conclusion:
These mistakes taught me to slow down and learn first. So say to beginners like me in Nigeria, I hope my story saves you from the same traps. Which of these mistakes have you also faced? Let me know in the comments, let's learn together.
