Committing mistakes is a human nature and being a human, we cannot say we are perfect and deny the fact that we have never made any mistake. Everyone makes mistakes and there is no shame in it.
15 most common crypto mistakes explained by Crypto Experts
- Losing your private keys
- Not diversifying your investment to protect your portfolio
- Falling for phishing scams and email account scams
- Falling for AirDrop scams
- Investing in any-coins without proper research
- Blindly participating in crypto multi-level marketing systems without research
- Chasing pump and dump schemes
- Trading in crypto without stop-losses and sell-orders
- Panic selling on dips and rises of bitcoin
- Giving other people your private keys
- Not verifying your Bittrex, Binance or other accounts
- Not protecting your accounts with 2-factor authentication
- Not doing thorough research for your coin investments
- Getting information from rumors and speculation and not coins and their teams themselves
- Having an unclear investment strategy – trading, holding, etc.
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Yes, we need to be very careful with crypto space. Most of the people, mainly newbies trust exchanges and get burnt. Really nice points to keep in mind. Thanks for sharing...
Pretty basic stuff. But, yeah it has to be put out there with all the misinformation and bs out there. Thanks for sharing.
@joe.nobel
science fiction, fantasy, erotica
check out the some posts, no obligation to upvote or follow, but wouldn't turn down either
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Thanks @abasinkanga
Keep this up, Followed you for more :)
most of these common mistakes for crypto trading can be said as well for trading traditional investments as well.
You are right @themidichannel