Topic: 5 Big mistakes for a beginner in cryptocurrencies ✌ - page 2. (Read 2553 times)
Out of these five mistake that is common to beginner, number four is the most damaging, FUD strategy easily get to newbies with fewer experience than those with experience. The advice I have for newcomer is to always limit their exposure until they are sure they have capacity to trade profitably.
Many beginners or newbies feels excited about the profits they possibly get from investing and trading cryptocurrencies. This excitement if they didn't able to contain will lead to joining the trade without basic knowledge in cryptocurrency investing. The result will be financially disaster for them because they had still no basic knowledge in trading. Every newbie should educate themselves first on the basic of crypto trading and they should also learn how the cryptochrrencies works to avoid or lessen their future mistakes.
Also beginner trader ia often panic when someone spread the FUD, but they bring profit to expert trader
I think, the guys usually start to panic when they see that the tokens they invested in are falling. It is always better to think it over, which of the altcoins to buy.
This are real problems faces by a beginner in the industry and it only takes experience or good mentorship for a beginner not to fall into such mistake. This article was helpful and I also learned new things with it
There are many people that have been around the market for a very long time and yet they make the very same mistakes, so I really do not think that this is a problem of the newbies not taking care of their coins, this is a general problem that happens because people are not used to take care of their computer files as much as they should.It is just about the readiness to learn and most people even when it comes to trading are too lazy to get that done and that will definitely keep affecting them as they try to proceed in the long run, which also has to do with security that you mentioned as well.
I hope everyone is good. Today, I will present you top 5 mistakes which are usually do a beginner. I understand these topics from Youtube and like to share it with you. So that no one else will make such a mistake in future.
So let's start♥
1/ 😟 Wrong Investment Strategies 😟
👉 People invest into cryptocurrencies by borrowing money from relatives and panic sell whenever price falls to cut their losses.
👉 People invest big at a very early stage without getting a better understanding of the market.
👉 Invest on shitty coins.
2/ 😟 Improper knowledge 😟
👉 The most common mistake that people do is that they get involved into the crypto currency by a MLM trader.
👉 They invest big without knowing exactly how crypto currency works.
👉 People who get into crypto often don't do proper research before investigating into an Coin or into an ICO.They don't read the "White Paper" of the coin.They don't research about the technology and the team.
👉 People also don't keep them upto date by the latest news and because of this they often miss out the profit opportunities as well as incu huge loses.
3/ 😟 No understanding of price fluctuation 😟
👉 I have seen people getting into cryptocurrencies when it's on a rise and every coin in the market on bull run.
👉 People don't have a holding power.
👉 Fails to understand that crypto currency price also has a tendency to fall.
4/ 😟 Day trading and FUDS 😟
👉 Another common mistakes beginnings do is that they get effected by the FUD's very easily and quickly and therefore sell their coins.
👉 Another mistake what people do is that they join pump and dump groups on Facebook and whatsapp and other social media sites and follow them blindly without DYOR.
👉 Start "Day Trading" which can be very risky if you are a beginner.
5/ 😟 Security risk 😟
👉 Keep all of their long-term #HOLD coins on different exchanges instead if keeping them into digital wallets.
👉 This often pose a serious threat of losing their coin hacking or malfunctioning.
👉 Don't activate 2FA security.
👉 Instead of writing down the key phrases and passwords on a piece of paper they memorize it and often forget their passwords.
Thank you very much everyone 😉
So let's start♥
1/ 😟 Wrong Investment Strategies 😟
👉 People invest into cryptocurrencies by borrowing money from relatives and panic sell whenever price falls to cut their losses.
👉 People invest big at a very early stage without getting a better understanding of the market.
👉 Invest on shitty coins.
2/ 😟 Improper knowledge 😟
👉 The most common mistake that people do is that they get involved into the crypto currency by a MLM trader.
👉 They invest big without knowing exactly how crypto currency works.
👉 People who get into crypto often don't do proper research before investigating into an Coin or into an ICO.They don't read the "White Paper" of the coin.They don't research about the technology and the team.
👉 People also don't keep them upto date by the latest news and because of this they often miss out the profit opportunities as well as incu huge loses.
3/ 😟 No understanding of price fluctuation 😟
👉 I have seen people getting into cryptocurrencies when it's on a rise and every coin in the market on bull run.
👉 People don't have a holding power.
👉 Fails to understand that crypto currency price also has a tendency to fall.
4/ 😟 Day trading and FUDS 😟
👉 Another common mistakes beginnings do is that they get effected by the FUD's very easily and quickly and therefore sell their coins.
👉 Another mistake what people do is that they join pump and dump groups on Facebook and whatsapp and other social media sites and follow them blindly without DYOR.
👉 Start "Day Trading" which can be very risky if you are a beginner.
5/ 😟 Security risk 😟
👉 Keep all of their long-term #HOLD coins on different exchanges instead if keeping them into digital wallets.
👉 This often pose a serious threat of losing their coin hacking or malfunctioning.
👉 Don't activate 2FA security.
👉 Instead of writing down the key phrases and passwords on a piece of paper they memorize it and often forget their passwords.
Thank you very much everyone 😉
I also have been in that situation that I made a lot of mistakes. But because of those mistakes I finally have been fully profitable because I now know how to do it properly.
This is good tips, this is a guide for a beginner in cryptocurrencies, and most of the mistakes of beginners are always panic when they see the drop price is more than 5%, I have also experienced, but now I can be calm and relaxed even though the drop price is more than 5 %.
This are real problems faces by a beginner in the industry and it only takes experience or good mentorship for a beginner not to fall into such mistake. This article was helpful and I also learned new things with it
There are many people that have been around the market for a very long time and yet they make the very same mistakes, so I really do not think that this is a problem of the newbies not taking care of their coins, this is a general problem that happens because people are not used to take care of their computer files as much as they should.It is just about the readiness to learn and most people even when it comes to trading are too lazy to get that done and that will definitely keep affecting them as they try to proceed in the long run, which also has to do with security that you mentioned as well.
I agree with you totally. Trader need to be well-prepared before doing anything in that market.
Exactly.Don't just do trading because your friends are already into it.Study first all the needed information because trading with improper knowledge or even lack of knowledge will not help you at all.It can only make you lose your capital.And be cautious in every decisions you take because crypto investment is a very risky thing. 
Yes you are right.Also I did some mistakes when i was newbie though I am not expert now.But I know that maximum newbie do this kind of mistakes.Newbie need to learn more before they tried crypto trading.
This is a good information which very helpful not only for newbies but also for those inspiring investors who's looking for betterment of theirchances inside this business, knowing this information one by one and categorizing how well you can adopt in enhancing your skills are really
beneficial, each mistakes can be corrected by knowing proper ways to begin with.
Yes you are right.Also I did some mistakes when i was newbie though I am not expert now.But I know that maximum newbie do this kind of mistakes.Newbie need to learn more before they tried crypto trading.
maybe I think the biggest mistake here is how trading investors are losing today
the biggest mistake of beginners in crypto seems to be due to the influence of the news, so that they aren't firm and not optimistic in making decisions, they are swayed by info about crypto which is still not necessarily correct
This are real problems faces by a beginner in the industry and it only takes experience or good mentorship for a beginner not to fall into such mistake. This article was helpful and I also learned new things with it
There are many people that have been around the market for a very long time and yet they make the very same mistakes, so I really do not think that this is a problem of the newbies not taking care of their coins, this is a general problem that happens because people are not used to take care of their computer files as much as they should.
This are real problems faces by a beginner in the industry and it only takes experience or good mentorship for a beginner not to fall into such mistake. This article was helpful and I also learned new things with it
There are many people that have been around the market for a very long time and yet they make the very same mistakes, so I really do not think that this is a problem of the newbies not taking care of their coins, this is a general problem that happens because people are not used to take care of their computer files as much as they should.I hope everyone is good. Today, I will present you top 5 mistakes which are usually do a beginner. I understand these topics from Youtube and like to share it with you. So that no one else will make such a mistake in future.
So let's start♥
1/ 😟 Wrong Investment Strategies 😟
👉 People invest into cryptocurrencies by borrowing money from relatives and panic sell whenever price falls to cut their losses.
👉 People invest big at a very early stage without getting a better understanding of the market.
👉 Invest on shitty coins.
2/ 😟 Improper knowledge 😟
👉 The most common mistake that people do is that they get involved into the crypto currency by a MLM trader.
👉 They invest big without knowing exactly how crypto currency works.
👉 People who get into crypto often don't do proper research before investigating into an Coin or into an ICO.They don't read the "White Paper" of the coin.They don't research about the technology and the team.
👉 People also don't keep them upto date by the latest news and because of this they often miss out the profit opportunities as well as incu huge loses.
3/ 😟 No understanding of price fluctuation 😟
👉 I have seen people getting into cryptocurrencies when it's on a rise and every coin in the market on bull run.
👉 People don't have a holding power.
👉 Fails to understand that crypto currency price also has a tendency to fall.
4/ 😟 Day trading and FUDS 😟
👉 Another common mistakes beginnings do is that they get effected by the FUD's very easily and quickly and therefore sell their coins.
👉 Another mistake what people do is that they join pump and dump groups on Facebook and whatsapp and other social media sites and follow them blindly without DYOR.
👉 Start "Day Trading" which can be very risky if you are a beginner.
5/ 😟 Security risk 😟
👉 Keep all of their long-term #HOLD coins on different exchanges instead if keeping them into digital wallets.
👉 This often pose a serious threat of losing their coin hacking or malfunctioning.
👉 Don't activate 2FA security.
👉 Instead of writing down the key phrases and passwords on a piece of paper they memorize it and often forget their passwords.
Thank you very much everyone 😉
Yes they make all these mistakes, but there is one thing that is not on this list and it surprises me when I see that people doesn’t know that– I mean the fact that this is all about risk. Some people here just don’t know that there is risk in this, they just think that Bitcoin continues to grow forever and that price never falls and all they will be making is profit. So let's start♥
1/ 😟 Wrong Investment Strategies 😟
👉 People invest into cryptocurrencies by borrowing money from relatives and panic sell whenever price falls to cut their losses.
👉 People invest big at a very early stage without getting a better understanding of the market.
👉 Invest on shitty coins.
2/ 😟 Improper knowledge 😟
👉 The most common mistake that people do is that they get involved into the crypto currency by a MLM trader.
👉 They invest big without knowing exactly how crypto currency works.
👉 People who get into crypto often don't do proper research before investigating into an Coin or into an ICO.They don't read the "White Paper" of the coin.They don't research about the technology and the team.
👉 People also don't keep them upto date by the latest news and because of this they often miss out the profit opportunities as well as incu huge loses.
3/ 😟 No understanding of price fluctuation 😟
👉 I have seen people getting into cryptocurrencies when it's on a rise and every coin in the market on bull run.
👉 People don't have a holding power.
👉 Fails to understand that crypto currency price also has a tendency to fall.
4/ 😟 Day trading and FUDS 😟
👉 Another common mistakes beginnings do is that they get effected by the FUD's very easily and quickly and therefore sell their coins.
👉 Another mistake what people do is that they join pump and dump groups on Facebook and whatsapp and other social media sites and follow them blindly without DYOR.
👉 Start "Day Trading" which can be very risky if you are a beginner.
5/ 😟 Security risk 😟
👉 Keep all of their long-term #HOLD coins on different exchanges instead if keeping them into digital wallets.
👉 This often pose a serious threat of losing their coin hacking or malfunctioning.
👉 Don't activate 2FA security.
👉 Instead of writing down the key phrases and passwords on a piece of paper they memorize it and often forget their passwords.
Thank you very much everyone 😉
And at last when they happen to lose they will start complaining and saying Bitcoin is scam. Bitcoin is not a scam, risk is something that happens in every investment.
I agree with you totally. Trader need to be well-prepared before doing anything in that market.
I hope everyone is good. Today, I will present you top 5 mistakes which are usually do a beginner. I understand these topics from Youtube and like to share it with you. So that no one else will make such a mistake in future.
So let's start♥
1/ 😟 Wrong Investment Strategies 😟
👉 People invest into cryptocurrencies by borrowing money from relatives and panic sell whenever price falls to cut their losses.
👉 People invest big at a very early stage without getting a better understanding of the market.
👉 Invest on shitty coins.
2/ 😟 Improper knowledge 😟
👉 The most common mistake that people do is that they get involved into the crypto currency by a MLM trader.
👉 They invest big without knowing exactly how crypto currency works.
👉 People who get into crypto often don't do proper research before investigating into an Coin or into an ICO.They don't read the "White Paper" of the coin.They don't research about the technology and the team.
👉 People also don't keep them upto date by the latest news and because of this they often miss out the profit opportunities as well as incu huge loses.
3/ 😟 No understanding of price fluctuation 😟
👉 I have seen people getting into cryptocurrencies when it's on a rise and every coin in the market on bull run.
👉 People don't have a holding power.
👉 Fails to understand that crypto currency price also has a tendency to fall.
4/ 😟 Day trading and FUDS 😟
👉 Another common mistakes beginnings do is that they get effected by the FUD's very easily and quickly and therefore sell their coins.
👉 Another mistake what people do is that they join pump and dump groups on Facebook and whatsapp and other social media sites and follow them blindly without DYOR.
👉 Start "Day Trading" which can be very risky if you are a beginner.
5/ 😟 Security risk 😟
👉 Keep all of their long-term #HOLD coins on different exchanges instead if keeping them into digital wallets.
👉 This often pose a serious threat of losing their coin hacking or malfunctioning.
👉 Don't activate 2FA security.
👉 Instead of writing down the key phrases and passwords on a piece of paper they memorize it and often forget their passwords.
Thank you very much everyone 😉
So let's start♥
1/ 😟 Wrong Investment Strategies 😟
👉 People invest into cryptocurrencies by borrowing money from relatives and panic sell whenever price falls to cut their losses.
👉 People invest big at a very early stage without getting a better understanding of the market.
👉 Invest on shitty coins.
2/ 😟 Improper knowledge 😟
👉 The most common mistake that people do is that they get involved into the crypto currency by a MLM trader.
👉 They invest big without knowing exactly how crypto currency works.
👉 People who get into crypto often don't do proper research before investigating into an Coin or into an ICO.They don't read the "White Paper" of the coin.They don't research about the technology and the team.
👉 People also don't keep them upto date by the latest news and because of this they often miss out the profit opportunities as well as incu huge loses.
3/ 😟 No understanding of price fluctuation 😟
👉 I have seen people getting into cryptocurrencies when it's on a rise and every coin in the market on bull run.
👉 People don't have a holding power.
👉 Fails to understand that crypto currency price also has a tendency to fall.
4/ 😟 Day trading and FUDS 😟
👉 Another common mistakes beginnings do is that they get effected by the FUD's very easily and quickly and therefore sell their coins.
👉 Another mistake what people do is that they join pump and dump groups on Facebook and whatsapp and other social media sites and follow them blindly without DYOR.
👉 Start "Day Trading" which can be very risky if you are a beginner.
5/ 😟 Security risk 😟
👉 Keep all of their long-term #HOLD coins on different exchanges instead if keeping them into digital wallets.
👉 This often pose a serious threat of losing their coin hacking or malfunctioning.
👉 Don't activate 2FA security.
👉 Instead of writing down the key phrases and passwords on a piece of paper they memorize it and often forget their passwords.
Thank you very much everyone 😉
A good information shared for beginners. Good work though. Yes everyone who starts up, has initial struggles even though after getting advice from experts or seniors. Everyone would become strong when he/she comes though such incidents. Few easily catch up and few take time to adapt to the situation. I am sure for everyone the above points would seriously support to gain much experience and solve the basic issues they go through in trading. Keep up the work going.
Thanks for the advice!! Really appreciate.
Market keeps changing. I still get many things to learn.
Market keeps changing. I still get many things to learn.
I agree with you and also i must add that another top mistake beginners in crypto currency market makes is investing an amount they can't afford to lose, most beginners see the crypto market as a way to get rich quick and they will invest all their money, I have seen a lot of beginners make this kind of mistake. In crypto always invest what you can let go should in-case you lose it
We beginners make several mistakes that result in loss or can completely kick you out from your circle towards loss. For safety and fine work you must adopt the market knowledge that will enable you to keep everything fine and you will not face any difficulty in handling different conditions. I accentuate on selling time that should take place only in high market and should be limited for small profit only.
Although there are a lot of mistakes that any newcomer makes, some of the most common mistakes are mentioned below:-
Not doing your homework:- Don't blindly follow anyone's advice instead do proper research and study the industry trends before investing heavily.
Lack of patience:- As it is said: "Patience is a Virtue". You need to have patience, buying and selling without proper planning is not the way it has to be. You need to plan accurately before trading in cryptocurrency.
Inadequate knowledge:- People invest big without knowing exactly how cryptocurrency works. It is necessary to get complete knowledge of what cryptocurrency is and how it works. People need to have an up to date information so that they can take a wise decision during trading in cryptocurrency.
Not maintaining vital information:- Keeping track of passwords, private keys is necessary. Most of the times people don't note them down and memorize them for the time being and then tend to forget them. So it is always beneficial to note them down and keep the information in a safe and secure place.
Avoid 2FA (2 Factor Authentication):- Two-factor authentication acts as a safety parameter as it provides additional security features reducing any spammy attacks.
Not doing your homework:- Don't blindly follow anyone's advice instead do proper research and study the industry trends before investing heavily.
Lack of patience:- As it is said: "Patience is a Virtue". You need to have patience, buying and selling without proper planning is not the way it has to be. You need to plan accurately before trading in cryptocurrency.
Inadequate knowledge:- People invest big without knowing exactly how cryptocurrency works. It is necessary to get complete knowledge of what cryptocurrency is and how it works. People need to have an up to date information so that they can take a wise decision during trading in cryptocurrency.
Not maintaining vital information:- Keeping track of passwords, private keys is necessary. Most of the times people don't note them down and memorize them for the time being and then tend to forget them. So it is always beneficial to note them down and keep the information in a safe and secure place.
Avoid 2FA (2 Factor Authentication):- Two-factor authentication acts as a safety parameter as it provides additional security features reducing any spammy attacks.
This are real problems faces by a beginner in the industry and it only takes experience or good mentorship for a beginner not to fall into such mistake. This article was helpful and I also learned new things with it
There are many people that have been around the market for a very long time and yet they make the very same mistakes, so I really do not think that this is a problem of the newbies not taking care of their coins, this is a general problem that happens because people are not used to take care of their computer files as much as they should.Jump to: