đš If Youâre Getting Into CRYPTO, Avoid These 5 Mistakes That Ruin Beginners đš
90% of people who lose money in cryptocurrencies fall for one of these mistakes.
Today Iâm sharing them so you donât become part of that statistic.
1ïžâŁ Not securing your private keys đ
If your cryptos are on an exchange, theyâre NOT really yours.
đ Use your own wallet and store your seed phrase offline in a safe place.
đŹ Crypto mantra: âNot your keys, not your coins.â
2ïžâŁ Buying just because âitâs going upâ đ
FOMO (fear of missing out) is your worst enemy.
â Research before entering and have a clear plan.
â ïž What goes up fast⊠can also come down fast.
3ïžâŁ Not diversifying đŻ
Putting all your capital into a single crypto is an all-or-nothing gamble.
â Spread across different projects and sectors.
Diversity is your insurance against extreme volatility.
4ïžâŁ Not understanding the project đ€
If you donât know how it gains value, you shouldnât buy it.
â Read the whitepaper, check the team, and look for real use cases.
đĄ Research saves you tears (and money).
5ïžâŁ Panic selling đ±
Drops are part of the game, but selling without a plan is the perfect recipe for loss.
â Define your entry price, exit price, and time horizon before investing.
Sometimes, doing nothing is the best move.
đĄ FINAL TIP: Education is your best investment.
Donât enter the market just for hypeâenter with a strategy.
đŹ Have you made any of these mistakes before? Share your experience in the comments so others can learn.
đ Save this post to remember it before making your next investment.
#cryptocurrencies #bitcoin #financialeducation #Binance $BTC #SmartInvesting