10 Mistakes You Should NOT Make as a Crypto Investorđ«
1. â No research (DYOR)â â Analyze project, team, and whitepaper.
2. â FOMO or panicâ â Set clear rules (e.g.: stop-loss).
3. â Crypto on exchangesâ â Use cold wallets (you aren't the owner if you don't control your keys).
4. â Invest essentialsâ â Only capital you can afford to lose.
5. â Follow "gurus" blindlyâ â Verify independent sources.
6. â High leverageâ â Avoid leverage if you are a beginner.
7. â Not diversifyingâ â Spread across low correlated risk assets.
8. â Ignore taxesâ â Record transactions and calculate tax obligations.
9. â No exit planâ â Define take-profit and time horizon.
10. â Low securityâ â Use 2FA, secure seed phrase, and avoid phishing.
đ Key rule: Don't invest in what you don't understand.
đĄ In crypto: Education + patience = Success.