Topic: Top mistakes of newbies in crypto - page 4. (Read 721 times)
OP your advice sounds weird and can make one loose hope on investment, also you're more focused on crypto and here is bitcoin discussion that has to be precise with anything dealing with bitcoin while excluding other crypto, most of your advice are not strictly on bitcoin, moreso how can you say those making it in crypto are the founders, well i may admit that partially but that's not how things work with bitcoin here, if your center of focus is about crypto in general then altcoins discussion will be a better board for this.
1. Hopium
2. Degen mode
3. unrealistic expectations
4. short term view
1. Hopium
propaganda online is huge. ridiculous price targets of a coin from fake influencers make them feel better about their investment. better not to listen to them and keep a own view of the market.
2.degen mode
don't buy a coin because someone else advised or made money. when i ask people about their investment in crypto most of them actually don't know any fundamentals of it.
do the proper research or stick to the average results everyone is halving.
3. unrealistic expectations
Don't get manipulated by profits you see online. 100k profits on a trading account or a sport car. you will never achieve that with your $1000 account. understand that and be real with you.
4. short term view
the real wealth in crypto is made only by founders or holders , not by traders. even if you trade for rest of your life , you will never outperform the guy who bought bitcoin and Ethereum 5 years ago. analyze the data and don't be greedy. long term matters.
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