The 10 Worst Crypto Mistakes And How To Avoid Them

1. Investing Without Knowledge

2. Buying On Speculation — Avoid FOMO

3. Putting All Your Eggs In One Basket

4. Not Having A Plan

5. Forgetting About Your Risk Appetite

6. Falling For A Scam

7. Choosing Quantity Over Quality — Buying Cheap Coins

8. Using The Wrong Crypto Exchange

9. Investing Only In Crypto

10. Avoid The Sunk Cost Fallacy

In Conclusion…

  • We believe that the points mentioned above can help you learn about what not to do in crypto. By avoiding some of these common mistakes in crypto, you can successfully come one step closer to making profits in the space.
  • From a personal point of view, the biggest mistake, however, would be to not invest in crypto at all. While there might be some FUD around the space at the moment, in the long run, crypto and blockchain technology will come out as the winner and all of us who are actively involved in the space right now will finally make it in life. If crypto wins, everybody wins.

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DeFi Planet

DeFi Planet

DeFi Planet is the home of Blockchain, Crypto & DeFi Intelligence