What are the common mistake in investing crypto?

[FIA17 44]

Some common mistakes are putting all of your investment into one single coin and not doing enough research about that coin to understand if it is a safe investment or not. If that coin is of course bitcoin then you will be fine or any of the other major coins should be fairly ok as well. But if you decide to invest in a low valued, unknown coin and it dumps big time then you will have basically nothing left very quickly. Think things through and invest carefully.

[Abdalrazig 1865]

Don't look for mistakes, they differs from someone to someone, just look for the right strategies and make your mistakes and learn from them, but make sure you minimize your trading capital at first and then increase it gradually.

[haydaryahsi 44]

Our biggest mistake is that, we always act according to the advice of others. We need to investigate and act accordingly. Otherwise we will lose.

[alfred026 15]

Most common mistakes!
1) Invest a fund. ...
2) Give information about the address of our wallet. ...
3) Destined for bankruptcy due to transfer error. ...
4) Do not enable 2-step authentication. ...
5) Buy cryptocurrencies that no one has heard of.

[fanofrobsten 25]

 Being overemotional? Expecting too much? Investing more than you can afford to lose?

I'd say something like this

OH OH and most importantly not keeping your passwords safe and sound! 

[mildred27 317]

On 10/8/2019 at 9:13 PM, Agios said:

What are the common mistake in investing crypto?

Crypto currency is something new to me, and I've enough money to invest in crypto to make a profit, But before starting to invest, I want to know first, are there  common mistakes that are often made by beginner traders

Greetings, the main mistakes is not to investigate, the second is to get carried away by people and the great propaganda that they sell for cryptocurrencies, as an example that by practicing trading you can earn hundreds of dollars, another mistake is investing in platforms that offer you 100% interest on your income or things that end up being a big scam and is the most common of crypto scams, and finally one of the most common mistakes is not having patience while you learn, you generate more.

[Michael0606 861]

There are multiple mistakes when trading cryptocurrencies, a very common uni is the fear of being left out (fomo), also investing without good risk management of your money, among others, I always recommend that you educate yourself well before investing in crypto  , and this forum is a good place to learn.

Edited October 7, 2020 by Michael0606

[Aurora2020= 17]

The only mistake that can be made is that you buy the currency too high and in a few hours the value of it falls. and the other that you buy cheap and do not sell at the time when it was high and its price drops again and you are left unsold

[ArianLp 64]

I consider that one of the great mistakes is to let ourselves be carried away by FOMO and fear, since this leads us to make wrong decisions and lose out.  Also, another mistake is to invest all the capital in a single operation, without a doubt, you have to know how to choose an appropriate percentage of investment and do it with different cryptocurrencies.

[rahmi777 320]

The biggest mistake is to invest money that you cannot afford to lose, such as loans andAlso, not setting a loss ceiling during day-to-day trading and speculation puts you in trouble because it is trading randomly and unorganized, so you must develop a trading plan for you.

[negociosactuales 58]

On 10/8/2019 at 9:13 PM, Agios said:

What are the common mistake in investing crypto?

Crypto currency is something new to me, and I've enough money to invest in crypto to make a profit, But before starting to invest, I want to know first, are there  common mistakes that are often made by beginner traders

I believe that even the most experienced trader can obtain losses since the market is very volatile but I believe that a mistake is to invest all the capital in a single operation since the probability of loss increases.

[tucreador1 56]

El 8/10/2019 a las 20:13, Agios dijo:

¿Cuáles son los errores comunes al invertir en criptomonedas?

La criptomoneda es algo nuevo para mí y tengo suficiente dinero para invertir en criptomonedas para obtener ganancias, pero antes de comenzar a invertir, primero quiero saber si hay errores comunes que suelen cometer los comerciantes principiantes

Invertir en criptomonedas sin antes investigar el proyecto o el propósito detrás de la criptomoneda, otra puede ser invertir en una sola criptomoneda esperando que suba pero puede ser contraproducente, lo mejor sería diversificar
 

[Ayelet 81]

The typical errors:

1. Invest in scam exchanges, which then disappear with your money.

2. Invest in ICO and IEO and then the project is scam or does not turn out as expected.

3. Buy through FOMO: for fear of being left out and that we cannot make a profit in that market. After we buy the price plummets.

[luthfi_2a 110]

The most common is that they think they will make a busload of money from their investment without knowing the fundamentals on how cryptocurrencies work.

[mbohhe 51]

I think the most common mistake maken by users is the hunt for pumps. You see an asset increasing by a lot in a short time frame, thinking this must be good and will go much higher, and you then buy the top only to see it lose most of it's gain in another short timeframe.

A lot of people have lost a lot of money chasing pumps. It's never bad to try and follow the money, but it's bad to be late for the party.

[ramouddz 68]

La diversification est une bonne stratégie lorsque vous n'avez pas de gros capital et pour commencer à connaître ce monde cryptographique, vous devez vous informer quotidiennement pour prendre des décisions basées sur la réalité. N'investissez pas l'argent dont vous avez besoin le lendemain car cela ne fonctionne pas comme ça, vous devez être patient et cohérent avec les investissements que vous faites

[haplo80 16]

I think that the most common failure when you invest in crypto is doing quite the opposite to this simples rules:

 

• Buy the rumor, sell the news.
• Buy the deep.

Lots of people, like I say, just do the contrary...

[rachdic 66]

Je considère que l'une des grandes erreurs est de se laisser emporter par le FOMO et la peur, car cela nous conduit à prendre de mauvaises décisions et à perdre. Aussi, une autre erreur est d'investir tout le capital en une seule opération, sans aucun doute, il faut savoir choisir un pourcentage d'investissement approprié et le faire avec différentes crypto-monnaies.

[Bloodyworld 133]

Especially at the beginning of trading career people tend to do some common mistakes. FOMO(fear of missed opportunity) they come in trading to earn money and sometimes because of this fear,they are losing it,instead. Trading without stop losses and with big leverages, the fastest way to lose money. Trading without any analysis,because someone gives a signal is a loss for sure,as well.

[Berenice Pereira 41]

The most common mistakes of investing in the cryptomenda is to involve the emotions with the strategy, if your analysis of the behavior of the currency that is invested is correct it is only a matter of raising a strategy until the end, regardless of the fact that there are low states in the process.
 

[Mir Hamza 2888]

There are many mistakes that beginners initially makes in this forum. As he invests a huge amount on joining a currency in the beginning, he does not have any knowledge about it and the result is that he loses his loss. Then the other big thing is that they does not learn anything about its work and he trades only on his own luck, which results in a huge loss. To avoid this mistake, he should join some such forum where he can learn for complete knowledge course and get answers to every question he has. If he starts making mistakes in the beginning, then he cannot reach this end in the end, so he should do better in the beginning. 

[Trader123 32]

Yes there are common mistakes made trading newbies. First is not reading enough about cryptos. The consequence is that easily fall in "too good to be true " scams. Second, they invest in bulk so they lose a lot. 

[chawki28 55]

I think that the reason for the loss is the lack of experience, lack of consultation with experts in this field, and lack of learning

[Onden 2098]

A common mistake that novice traders make is buying the wrong coins and having a low trading volume. Buying the wrong coins will greatly affect your trade because your trade will fail if the coins you buy have low value and are not well-known coins. For that make sure to buy famous coins like ETH, Litecoin and the top 10 coins on Coinmarketcap.

[macokikn 0]

It can be because your invest amount is high and it's known that trading is risky that one reason.