For more than a year, the cryptocurrency market has been in accumulation. During this period, many of us make the same mistakes, in search of the very bottom of the market. Today we'll analyze the main typical mistake that leads to zeroing of balance when buying the bottom.

Mistake #1: "BEWARE OF OVERVIEW: SKAM CRYPT"

There is no more money in the market, there is the Market Maker's money and there is your money. The Market Maker's goal: 1 to take money from you by selling you an expensive asset; 2 to take an already cheap asset from you by intimidation. How does this happen?

When an asset makes a huge discount from the maximum values, for example -55% / 70% of haves, we start buying it on this decrease in anticipation of further growth. But the price of the asset keeps going down, and at this point, we get too scared and don't believe that this market can grow at all. When a particular coin corrects to -90% of its high, people become so freaked out by this collapse that they sell the coin they bought earlier at a huge loss, believing it will drop to -95 or -98% of its highs and they will buy it back cheaper.

Example: "The cryptocurrency DOT, is worth $55, when it drops to $40 the person starts buying the token. Today DOT is worth 5 dollars and the person decides to sell the coin and fixes the loss because he believes the coin will fall to 2 dollars and he will buy it back cheaper. "I'd rather sell at $5 (what I was buying at $40) and buy it back at $2."

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(Any opinions expressed above are the personal views of the author and should not constitute a basis for investment decisions and should not be construed as a recommendation or advice to engage in investment transactions)