Initially, when I began to learn about crypto currency, I believed that earning money would be very simple and that almost everybody was doing well by trading crypto coins. However, after immersing myself more deeply in the market, I found out an interesting thing  most people lose money. At first, I was puzzled with the question, "Why is that happening?" Is it a scam? Personally, I do not think so. I do not believe that there is something wrong with crypto currency. I think that the main reason people fail in this business is the approach to entering the market.

I have seen that many beginners choose coins that they hear about everywhere. Before making a purchase, its cost has risen dramatically. Consequently, in case of the decline in the market, their actions are driven by fear, and they sell their coins at a loss. I am convinced now that buying coins because they are hyped is never a good idea.

Another issue is a desire to become rich quickly. At least I used to believe that. However, as I studied the matter, I understood that successful investment requires time. You cannot achieve success fast.

My personal approach to crypto currency will definitely be different. Instead of following every influencer and buying trending coins I prefer studying the project, estimating the risks and investing in those coins which I will not feel sorry about losing.

There is one very important lesson which I learned during my journey in the world of cryptocurrency money protection is as significant as the profit. Even the best investor does not always succeed, but he knows how to minimize his losses and does not allow emotions to make his decision-making process irrational.

In conclusion, I want to say that I am sure to make mistakes in the future. Everyone does it; however, I would prefer to make small mistakes instead of repeating the same mistakes again and again.

For me, crypto currency is not about becoming rich in a week. It is about studying, being patient and making decisions. I believe that this is the only way in which people can give themselves the opportunity to succeed

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Thanks for reading! What do you think is the biggest mistake beginners make in crypto currency? I would like to read your opinion in the comments