Add more point and i think this is very important.
6. Don't easily to take KYC when invest in new project/exchange.
This is very dangerous because your identity is more inportant than your investing.
Topic: 5 mistakes to avoid when investing in Crypto - page 9. (Read 2923 times)
Using a bad exchange or any of these fake exchanges owned by scammers is the worst mistake you’re ever going to make. I know someone who sent up to $7,000 to a fake cryptocurrency exchange.
By the time he wanted to withdraw that money, it wasn’t working and he then started asking question in a forum, that’s when people looked into it and realized that the exchange was just another fake exchange. I never made that kind of mistake and I don’t understand why some newbies are making that mistake, is it that they don’t do research to know which exchanges they are supposed to make use of or what?
If you are a newbie you should observe first, seek help and ask to the professionals if what tips, advices or techniques they can suggest to you in order for you to understand what's with the crypto world and how are you able to earn here. When it comes to the exchangers you should do a research before using a particular exchanger in order to avoid involving in scams. By the time he wanted to withdraw that money, it wasn’t working and he then started asking question in a forum, that’s when people looked into it and realized that the exchange was just another fake exchange. I never made that kind of mistake and I don’t understand why some newbies are making that mistake, is it that they don’t do research to know which exchanges they are supposed to make use of or what?
Using a bad exchange or any of these fake exchanges owned by scammers is the worst mistake you’re ever going to make. I know someone who sent up to $7,000 to a fake cryptocurrency exchange.
By the time he wanted to withdraw that money, it wasn’t working and he then started asking question in a forum, that’s when people looked into it and realized that the exchange was just another fake exchange. I never made that kind of mistake and I don’t understand why some newbies are making that mistake, is it that they don’t do research to know which exchanges they are supposed to make use of or what?
By the time he wanted to withdraw that money, it wasn’t working and he then started asking question in a forum, that’s when people looked into it and realized that the exchange was just another fake exchange. I never made that kind of mistake and I don’t understand why some newbies are making that mistake, is it that they don’t do research to know which exchanges they are supposed to make use of or what?
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
Most times people also invest into tokens just because they exist in some exchangers that are seen as top standard and over time, they get delisted also because they lack transparency and maybe their team encountered a challenge in-house and they decided to compromise the project. Always ensure to follow up on projects even after investing.
- Before making an investment or getting into trading, have basic understanding about cryptocurrencies.
- Spend time learning how to keep your funds safe, whether it is on exchange wallets being or your own.
- At the beginning don't invest on new cryptocurrencies, always go for the top coins on the coinmarketcap.
- There is a common mentality among beginners to make a big earning out of cryptocurrency investment.
This at times end up getting caught on the hands of scammers and Ponzi schemes. - Spend/invest what you can afford to loss. At the beginning don't go with big capital.
Always go slow. You dont' want to spend too much in crypto and then end up losing your asset. Invest what you can afford to lose and don't make it too much. Diversify your investments and don't put all your eggs in one basket. Keep yourself informed and control your emotions when investing.
you can only act quickly if you already have extensive experience in this market. very often it happens that the fast person earns a lot. but if you are a beginner then it is better to be very slow
Always go slow. You dont' want to spend too much in crypto and then end up losing your asset. Invest what you can afford to lose and don't make it too much. Diversify your investments and don't put all your eggs in one basket. Keep yourself informed and control your emotions when investing.
you can only act quickly if you already have extensive experience in this market. very often it happens that the fast person earns a lot. but if you are a beginner then it is better to be very slow 
Always go slow. You dont' want to spend too much in crypto and then end up losing your asset. Invest what you can afford to lose and don't make it too much. Diversify your investments and don't put all your eggs in one basket. Keep yourself informed and control your emotions when investing.
With the recent number of social media scams, I'd put one more thing on the list: nobody will give you free money. Not even Elon Musk. One more thing is, I'd highly suggest starting to educate yourself about decentralization and your privacy. It's going to be more than worth it in time, trust me. There are a lot of things you may think you're doing right but are completely mistaken about 
good one. I saw few of these under different famous people name and surprisingly people sent them money. Its always a good idea to invest some time in reading what other people have to say and learn from their mistakes rather than making it on your own and learning it hard way.
Yup, never to skip the learning stage. What your friends tells you about cryptocurrency is not enough to get you through this.
I got to know about Bitcoin and other cryptocurrencies when I was at the hospital for a visit with some of my friends and they started talking about crypto mining, I got interested and joined the conversation.
They thought me a lot and also sent me the wallet to use, but I didn’t stop there, I still went home and started researching the things they thought me to know what’s right and wrong. And I went deeper into everything to understand it better. So newbies should never skip the learning.
I got to know about Bitcoin and other cryptocurrencies when I was at the hospital for a visit with some of my friends and they started talking about crypto mining, I got interested and joined the conversation.
They thought me a lot and also sent me the wallet to use, but I didn’t stop there, I still went home and started researching the things they thought me to know what’s right and wrong. And I went deeper into everything to understand it better. So newbies should never skip the learning.
People who made huge loss in crypto because basically they don’t know what they’re doing which we probably made the same mistake, some are likely engage in scams first before they know how crypto works. Nobody will educate us about crypto instantly so basically studying or knowing what you’re doing is the key to minimize the risk in any kind of investment.
Being too excited is not a good thing in term of investment. Indeed, cryptocurrency investment can be said to be a profitable investment, but if we make a few mistake, the effect will greatly affect your existing capital. I am not sure any newbie investor would dare to put a lot of money into cryptocurrency without knowing how this cryptocurrency investment work. Another if they get caught up in a scam like a ponzi scheme that is widely circulating on social media. Confirming what you say, experience and knowledge sometimes come from mistake we make.
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
Great, this is what newbies need to learn before they want to enter this market. They need to know the security of their accounts and computers, then need to diversify their investments and have the knowledge of choosing altcoins. Especially need to have a good mentality when trading and avoid fomo in this market. 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
Newbies usually do what most people tell them to do, most newbies buy and invest on coins/tokens which is recommended to them by the person who introduce them so it is very easy to fall as victim in bad project, so this type of advice will be very useful and helpful.
It's okay to listen to the advice of others; But to make it work, you need to check if the advice is correct. If you rely on the advice of others, you will lose your capital. So for this you need to know a lot, do research, whether the project you want to invest in is fake, whether the project team is active, you need to know about the exchanger to invest in. In addition, you need to keep your various account passwords and private keys safe. 
It's best to take some time off to study about the cryptocurrency industry before getting involved in the space. One of the reasons why we have many people falling victim in the space is because several people don't know the do's and dont's of the industry. This post is awesome and I hope more newbies go through it.
People who made huge loss in crypto because basically they don’t know what they’re doing which we probably made the same mistake, some are likely engage in scams first before they know how crypto works. Nobody will educate us about crypto instantly so basically studying or knowing what you’re doing is the key to minimize the risk in any kind of investment. 
This information found on this thread is very crucial to be considered especially for those are new around here.
Knowledge about crypto industry is vital in order to survive and thrive with how things are working in this platform.
Study, know your limitations and expect to experience failures but do not give up.
Knowledge about crypto industry is vital in order to survive and thrive with how things are working in this platform.
Study, know your limitations and expect to experience failures but do not give up.
It's best to take some time off to study about the cryptocurrency industry before getting involved in the space. One of the reasons why we have many people falling victim in the space is because several people don't know the do's and dont's of the industry. This post is awesome and I hope more newbies go through it.
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
Hey man, im a newbie in this crypto exchange stuff. Id like to say thanks, for a newbie it is kinda easy to get scammed at the start. Ill be sure to keep your advice in mind. Thanks again.
After looking at the project utility and the team themselves make sure you invest only what you can afford to lose, we can never predict what will happen to a crypto project after few months later, this is the best advice i can share about this
This is also important especially to newbies just invest on what you can afford to lose. Not all crypto are profitable and legit project so we have to checked the project if we're planning to invest. Also the best is diversify our asset this could safe us from losing our money. Know the risks or else we will earn nothing in crypto. Many new projects have bad teams that lies about their experience to everyone, make sure you do research on who the teams really are, I believe AVAX became so attractive because of the team, they knew about blockchain before Satoshi brings Bitcoin to the world.
Really ? Did they even know blockchain before Bitcoin was born? It's hard to believe words like this, If they have known blockchain for a long time, why are they starting to create a project now?
After looking at the project utility and the team themselves make sure you invest only what you can afford to lose, we can never predict what will happen to a crypto project after few months later, this is the best advice i can share about this
Jump to: