Also, if you are a newbie in the crypto market, you should choose the projects in which you invest carefully, and I know that new projects are more risky because they may be scam. You should study any project and review it well before you take a step forward. You also have to invest with money that you do not need and do not resort to selling Your car, home, etc., for investment.
Crypto investing is a very risky activity, we are all aware. However, the best advice in my opinion is to consider the amount of money you want to invest and that is the amount we can accept in the event of something like a loss due to volatility. I myself never advise people to invest in a new project, this has a bigger risk even though some of them yield good return. 
Topic: 5 mistakes to avoid when investing in Crypto - page 7. (Read 2923 times)
If you are a newbie in crypto world you are bound to make some mistakes but this thread is for you on how to avoind making those mistakes
1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.
2. You want to avoid using the wrong crypto exchanges. This is one thing you want to avoid because it can make you lose all your assets. You need to research about the exchange before even registering. Some exchanges have fake volumes and are not transparent enough.
3. You dont want to rely on a single coin- Diversification is very important when it comes to investment. You dont want to put all your eggs in one basket.
4. You want to avoid the fear of missing out (FOMO)- When you see everyone buying a trending coin you dont jump in, it might too good to be true
5. You dont want to forget the basic security. Keeping your private keys safe is very important. As a newbie you should understand how important private keys are. Also 2 factor authenticator shold be added to all your exchanges
1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.
2. You want to avoid using the wrong crypto exchanges. This is one thing you want to avoid because it can make you lose all your assets. You need to research about the exchange before even registering. Some exchanges have fake volumes and are not transparent enough.
3. You dont want to rely on a single coin- Diversification is very important when it comes to investment. You dont want to put all your eggs in one basket.
4. You want to avoid the fear of missing out (FOMO)- When you see everyone buying a trending coin you dont jump in, it might too good to be true
5. You dont want to forget the basic security. Keeping your private keys safe is very important. As a newbie you should understand how important private keys are. Also 2 factor authenticator shold be added to all your exchanges
The learning part or aspect is very important, because you can't venture into a business or investment without first knowing and learning what it is all about, else you will end up making massive mistakes. Also, you don't Invest just because of what people says, you need to understand what it takes, the risks and what it involves, so that you can make proper planning and so on. I also, I believe that after the learning process, the second most important is investing what you can afford to lose, so that you don't blame anyone for any reason because the crypto space is very volatile just as it is very attractive. All the other points are very articulated and apt, hence I believe this will serve as a good guide to a lot of people.
If you are a newbie in crypto world you are bound to make some mistakes but this thread is for you on how to avoind making those mistakes
1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.
The better way to get the most useful information of such project is by the used of these forum as you can see most of information related to Bitcoin and other crypto currencies are posted on these forums and every each information posted by the moderators are more accurate and reliable. 1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.
Quote
2. You want to avoid using the wrong crypto exchanges. This is one thing you want to avoid because it can make you lose all your assets. You need to research about the exchange before even registering. Some exchanges have fake volumes and are not transparent enough.
Better to inspect carefully and thoroughly to ensure that your funds are in good hands.Quote
3. You dont want to rely on a single coin- Diversification is very important when it comes to investment. You dont want to put all your eggs in one basket.
Yes! Its really are important to know that you should invest a money that you can afford to lose.Quote
4. You want to avoid the fear of missing out (FOMO)- When you see everyone buying a trending coin you dont jump in, it might too good to be true
You should have better control on your emotion and don't act harshly its better to observe first the market then decide accordingly on what you seems right based on your observation.Quote
5. You dont want to forget the basic security. Keeping your private keys safe is very important. As a newbie you should understand how important private keys are. Also 2 factor authenticator shold be added to all your exchanges
Always keep your private keys in safe and never trust anyone but yourself. 
And also keep in mind not to be interested in coins that have pumped high or Buy when their Coin Price is low after pumping high, I see that mostly applies to new Defi coins. I think anyone needs to be vigilant before putting their money into any project especially with the DEfi project.
Why is everybody here: to make profit, including the new comers. Everything in this life is a process which must be followed in a procedurer manna; as said learning is the first procedure in the process, but the learning process to some is so boring.Too much urge for profit result into greed which is one of the greatest mistake.
The main highlight me is understanding what you are going to go into, the danger in question and methodologies to catch up your crypto venture. anybody can identify the phony volume by observing the exchange takes care of for now and then. In reality counterfeit/bot exchanging are generally happened between the Buy and sell orders.
Skipping the learning part is one of the mistakes that should be avoid by all of the investors, a lot of newbies are losing because they skip the learning process wherein they are focusing on the rewards first than in the learning process. Investing is not just about putting your money in a project or in a specific token, it is a continuous process wherein you need to gain a lot of experience and skill in order to become profitable. In my own observation, the reason why a lot of people skipping the learning part is they are too lazy to have an education where they want to earn money without sacrificing time and improving their knowledge. They are thinking short term wherein they want to become millionaire after they just make an investment. If we focus on learning process, there is a high chance that we can become successful in the specific investment that we would make.
There is no way one won't lose in the process of learning but not learning at all will bring grave losses, newbies must put learning first to avoid falling into many traps that are available in every corner of crypto world
Newbies must also learn to control their taste of greed, this is where FOMO overpowering comes into the game, don't invest because you want to make gains, Invest because the project is very good.
Newbies must also learn to control their taste of greed, this is where FOMO overpowering comes into the game, don't invest because you want to make gains, Invest because the project is very good.
Crypto is hype in general in my own observation, that alone will make us be more careful when investing as usually who fall for this hype are those investors with lack of knowledge, and even if you are knowledgeable, you should still learn how to diversify your investment as that is the only key where you can minimize the risk and you can survive while investing.
Of course we aim to be profitable but we don't need to go aggressive on few coins only, the market is getting bigger, so learn how to diversify.
Before you start investing your money somewhere, you need to study both the crypto industry (at least basic concepts so as not to get into a puddle at the first transaction) and the project that you are ready to add your funds to. There have been cases when people on the wave of hype did not even really delve into where they invest.
Crypto is hype in general in my own observation, that alone will make us be more careful when investing as usually who fall for this hype are those investors with lack of knowledge, and even if you are knowledgeable, you should still learn how to diversify your investment as that is the only key where you can minimize the risk and you can survive while investing. Of course we aim to be profitable but we don't need to go aggressive on few coins only, the market is getting bigger, so learn how to diversify.
Before you start investing your money somewhere, you need to study both the crypto industry (at least basic concepts so as not to get into a puddle at the first transaction) and the project that you are ready to add your funds to. There have been cases when people on the wave of hype did not even really delve into where they invest.
If you are a newbie in crypto world you are bound to make some mistakes but this thread is for you on how to avoind making those mistakes
1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.
2. You want to avoid using the wrong crypto exchanges. This is one thing you want to avoid because it can make you lose all your assets. You need to research about the exchange before even registering. Some exchanges have fake volumes and are not transparent enough.
3. You dont want to rely on a single coin- Diversification is very important when it comes to investment. You dont want to put all your eggs in one basket.
4. You want to avoid the fear of missing out (FOMO)- When you see everyone buying a trending coin you dont jump in, it might too good to be true
5. You dont want to forget the basic security. Keeping your private keys safe is very important. As a newbie you should understand how important private keys are. Also 2 factor authenticator shold be added to all your exchanges
This you may have forgotten about why you entered this market. So not to draw lessons like this will help you improve your self-worth as well as your abilities, most likely newcomers will experience such things, it can make you bored. be discouraged but consider everything your motivation, and determine if you can lose it as well. 1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.
2. You want to avoid using the wrong crypto exchanges. This is one thing you want to avoid because it can make you lose all your assets. You need to research about the exchange before even registering. Some exchanges have fake volumes and are not transparent enough.
3. You dont want to rely on a single coin- Diversification is very important when it comes to investment. You dont want to put all your eggs in one basket.
4. You want to avoid the fear of missing out (FOMO)- When you see everyone buying a trending coin you dont jump in, it might too good to be true
5. You dont want to forget the basic security. Keeping your private keys safe is very important. As a newbie you should understand how important private keys are. Also 2 factor authenticator shold be added to all your exchanges
Agree that we shouldn't invest in just one coin or project. The price of cryptocurrency is very volatile and the risk is high enough so it would be better if we spread our investment on several projects because we cannot predict which project will bring big profits.
The worst mistake people make when investing in crypto is not taking into consideration risk management. No matter how hyped a coin might be, risk management is very vital while investing. Take for instance, you bought a, coin with 50% of your entire holdings and the next moment a strong FUD sets in, you will be extremely emotional at this point since you put in 50% of your portfolio and hence won't make any valid decision at this point when highly emotional. All the other points mentioned by OP are very essential, thanks for that.
I think the above mentioned is correct, it is good that we have guidelines especially for those who are new to crypto space, this will help us to avoid things that we may regret in the future. And one more thing always keep in mind that if you are beginner try to invest first a small amount and let your experience lead you to become proficient in trading.
It seems that now people understand it. However, do you remember 2018? After the huge in the crypto history market rise, the crypto winter came. Thousands of people literally lost millions. They decided to catch the last train when BTC reached 19-20k, and they were told, it would be offered for 100K.
Even after learning about how to safeguard your coins and how to avoid unnecessary losses every investors must invest only what they can afford to lose, this is the best crypto strategy you can share with anybody, the lower the risk the lower the losses
I think the above mentioned is correct, it is good that we have guidelines especially for those who are new to crypto space, this will help us to avoid things that we may regret in the future. And one more thing always keep in mind that if you are beginner try to invest first a small amount and let your experience lead you to become proficient in trading.
Those explanations mentioned above is really helpful especially for the newbies. We have to be careful in every investment that we want to do in order for us to so keep our investments safe. In addition, as a beginners make sure to always understand the basic article used do not depend in your own way have deeper research because if not it will definitely harm yourselves. Most importantly, choosing whats good coin in the market is very important in investing.
If you are a newbie in crypto world you are bound to make some mistakes but this thread is for you on how to avoind making those mistakes
1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.
I like the fact that this advice comes first and it is the most important of all, which could also take care of others. The urge to make money from crypto like some others do push many people to fall into scam or make big money mistakes in the space. I think this forum should take care of most of the challenges. I didnt realize so much the forum can offer until 2 years pass, most topics that could help every newbie is here and opportunity for question and immediate answers by long time members is available. 1. You dont want to skip the learning part- You need to have an idea of what youre going to even if it is to make a research about it. You have read about an asset before you invest in it to know exactly what they are building.
You are absolutely right. The points you are mentioned is really good. Most of the new comers come to this market and they don't want to wait. So without any knowledge they started to invest. And most of the time they end up in loss or scams. So this is why watching the market is very important and learn about it. And yes many of them rely on one coin and most of the time that coin is not bitcoin or any high cap coins. If you are new don't take that much risk. Always devide your asset into 3-4 or more parts. And always think about basic security management. That's also very important.
Jump to: