Here Are 3 Cryptop Investment Mistakes You Should Avoid In 2021

[Elfinito]

Nice tips and I will also add my own tips.
Stop following trends.
A lot of traders make the mistake of following some social media trends.
If you follow someone trend, you may end up losing, everyone has their market strategy

 

[Dagm1]

Yes, those described suggestions over are actually constantly the errors individuals mainly create when it concerns crypto money financial assets. Never ever hurry to purchase crypto money since you view cost increasing. Our team constantly need to view when there's basic market down, you purchase your crypto money along with higher chances of creating revenue.

 

[joy101]

I am not into cryptocurrency investment but those investors should mistakenly avoid buying it when the price of cryptocurrency is high, so that them can make profit from it.

 

[Heatman]

A lot of people actually jumping to cryptocurrency investment believing that it's something that they would do without good knowledge and make profit from it which always ends badly for them.

 

[greenie]

One mistake you should avoid is buying cryptocurrency when the price is high. You should only buy cryptocurrency when the price is low. Always pay close attention to price alerts and listen to the cryptocurrency market analysts. Never invest an amount you cannot afford to lose and always do some research before investing your money.

 

[Thinker009]

I think the crypto currency investment you should focus on is not using emotion to trade , because once you use emotions to trade you could actually make loss , because due to panic you would start placing the wrong trade

 

[kayode10]

I think number three should come first on your list. The reason is that basic knowledge about the cryptocurrency trading is very essential in order to make regular profit. Basic knowledge about Matt and how to calculate things is very essential with forex trading as well as cryptocurrency trading.

 

[Toyoabasi]

The 2020 pandemic has caused a lot of uncertainty and financial turmoil and many are very optimistic and hopeful that 2021 will be a better year, and hoping that things will go back to normal. However, despite the global financial meltdown caused by the pandemic, the cryptocurrency sector led by Bitcoin has been able to keep up with the dwindling economy and surprisedly went higher this year. Here we are in 2021, hoping for better and more successful investment. So l will point out the mistakes to avoid when investing cryptocurrencies.

1. Lack of Attention To The Math

When investing in anything in life, alway keep your eyes on the prize. With the way Bitcoin is rising in 2021, you need to pay attention on the profit potential. Because paying attention to the numbers will make you know when you are indeed making a profit.

1. Allowing Your Emotions to Make Crypto Investment Decisions

HODL, FOMO, and FUD are familiar acronyms you will encounter in crypto investing. Each of these represents some kind of strategy and are also emotion-driven at the same time, which should not influence your investment decisions.

GODLY means to hold on to your investment no matter how volatile the market is.
FOMO or Fear of Missing Out means buying on the hype because you just want to follow the trend.
FUD stands for Fear, Uncertainty, and Doubt. It can stop you from investing in crypto even if the research stats or market sentiments are telling you that it’s a good time to invest

1. Investing Without The basic Knowledge

Whatever it is in life that you want to venture into, you must remember to educate yourself and understand what exactly you are getting yourself into. I advise that before you invest a single cent, you have to allocate some time in learning about the basics of crypto investing. Crypto investment remains unpredictable and risky and if you do not gain the education about the system, you will end up losing money at the end

Thanks for sharing this.
Those trading or investing in cryptocurrency should also imbibe good psychology to enable them avoid incurring loses. They should have more self control over greed and fear.

 

[Sotherefore]

Thanks for sharing , this is mainly for newbie who are just coming into the crypto space, it is necessary because they have to be careful if not they might make a lot of wrong investment which may not even be profitable to them no matter their years of investment.

 

[Sincerem]

I think number three should come first on your list. The reason is that basic knowledge about the cryptocurrency trading is very essential in order to make regular profit. Basic knowledge about Matt and how to calculate things is very essential with forex trading as well as cryptocurrency trading.

Going through proper training might also help you to have access to information you didn't know about cryptocurrency or forex. I always advise people to pass through the normal learning process as both market are risky when you trade without proper understanding.

 

[Prince]

Top 5 Cryptocurrency Trading Mistakes Every Rookie Investor...

• FOMO, Following the Herd and Buying High. This is the big one, and it's one that far too many newbie traders make. ...
• Panic Selling. ...
• Making Too Many Trades. ...
• Keeping Holdings on Exchanges. ...
• Making An Investment All At Once.

 

[Gandiba]

Just do not get involved in any thing that you don't understand.

There are a lot of people who are just following the crowd.

It is important to avoid such situation at all costs.

 

[Monster Masterpiece]

Just do not get involved in any thing that you don't understand.

There are a lot of people who are just following the crowd.

It is important to avoid such situation at all costs.

You need to make a study and your own research, take some Youtube courses before starting to try to invest in a new company and then take a lot about users reviews then see your budget and final step is to invest.

 

[Smiles20]

Out of experience I tell you that emotions is one of the worst things that can happen to you in a crypto-currency space. You should always ensure that you are not too greedy and you are not too fearful.

 

[Agbalagbaa]

2021 is already gone , but learning from your past mistakes is a great way of improving yourself . It would definitely help you become a better version of yourself.