Here Are 3 Cryptop Investment Mistakes You Should Avoid In 2021

[Alexandoy]

Investing without the basic knowledge - that applies to me exactly because I am in the process of learning about Bitcoin and crypto currency. Maybe you can call me green or newbie and I admit that my knowledge is very little that it is not good for me to be buying Bitcoins for now. But to be honest I have a plan to create a wallet today although I need help so I am going to post a thread about that need of mine. I just hope that I would not make a mistake.

 

[Heatman]

Investing without the basic knowledge - that applies to me exactly because I am in the process of learning about Bitcoin and crypto currency. Maybe you can call me green or newbie and I admit that my knowledge is very little that it is not good for me to be buying Bitcoins for now. But to be honest I have a plan to create a wallet today although I need help so I am going to post a thread about that need of mine. I just hope that I would not make a mistake.

Indeed we all have our newbie stage in any kind of investment we want to get into. No one was ever born and he or she already have an investment in any venture, not unless someone did it for you and in most cases your parents. I'm a newbie to stock investment and I'm willing to learn more.

 

[btaliat]

I love the third point. Most people don't do research before they invest. They don't even know much about the coins. They only hear that the coins is trending and they start doing it. I have made this mistake before and I greatly learn from it.

 

[hani20980]

I think the two last mistakes are the most common many peoples just depend on the luck when
they trading and they don't make any research and also let their emotions control their trading operations

 

[Ralphjoe]

Wonderful article, I have learnt alot on this topic. The challenges that I have with investing on Bitcoin is that I am this very emotional kind of person that always monitors his investment on per second basis, so I am always scared when there is a little reduction in the price of my investment which makes me to quickly sell my Bitcoin.

 

[Suba]

Thanks for sharing a very good thread that will be useful for novice investors, I just want to add mistakes that often occur to novice investors such as: Not reading the latest news and reading crypto charts, making crypto purchases to individuals and making payments without waiting for at least 3 confirmations ,

 

[Jomarie05]

Thanks for sharing this valuable information here. And honestly speaking, everything you have said is absolutely correct, most especially investing without having the basic knowledge about crypto currency. Most people just get over excited, and emotional about the positive testimony about crypto currency and without researching they make serious mistakes.

 

[Chris]

Common mistakes to avoid when trading cryptocurrencies.
Not understanding tge technology.
Don't overtrade.
not knowing how to identify stop loss.
Don't think of cryptocurrencies as shares.
Don't chase cheap coins.
Not diversifying your portfolio.
These and many more are what every crypto trader should avoid.

 

[Eodine]

Yes, these are definitely key points to watch out for before investing in crypto currency so as to maximize profit but even if you do make a mistake learn from them and follow the trend you'll end up having better experience.

 

[Sammyesx]

Very Good outline. The easiest way to lose money in any business is investing without basic knowledge in such business. For a newbie keeping emotions on chech can be a difficult thing but it has be master in other toj avoid unnecessary loss

 

[Ellozyy]

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

Thank you for the reminder. No doubt Cryptocurrency is now taking over the internet space.
Talk about about emotion.. That aspect is really hard to control though.. At some point, even after making your necessary research, fear, Uncertainty and Doubt(FUD) just wouldn't let you take the big step..

 

[Sake]

Agreed with all listed, there's still a lot of people that's still investing on a coin just because of the hype and not even doing research about it. That's why when the price suddenly drops they all panic and will sell their coins immediately to stop or cut their losses. Which is we know is a huge mistake. Commonly done by newbies

 

[Hasan Raza]

A debt of gratitude is in order for the update. The market is in steady change along these lines care should be taken in exchanging. It's basic that time is given to any business one revels into. Cryptographic money is a significant resource so should it's dealing with be moreover.

 

[lelakil3]

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

• Available
• 
  
• Basic Knowledge
• 
  
• Decisions
• 
  
• Education Grants
• 
  
• Expert
• 
  
• Earn money online fast
• 
  
• Educate
• 
  
• Cryptocurrencies
• 
  
• Make

• Alway
• 
  
• Available
• 
  
• Basic Knowledge
• 
  
• Decisions
• 
  
• Education Grants
• 
  
• Expert
• 
  
• Earn money online fast
• 
  
• Educate

This parameters is all need to concern before entering the world of cryptocurrencies and should avoid making mistakes, in entering without basic knowledge on how the cryptocurrencies works its like doubting in every decision and depend to the others not the own self.

 

[Ltherman]

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.

How do people even get tonknoe that the price is high has topped for them to avoid it. Consider when Bitcoin went from 30k to 35k for so many people that was its topping but it went on to reach 40k. Everything comes down to having the knowledge where one can decipher the market better. Youtube i believe is a good resource place.

 

[GIFTMICHAEL]

It is good to pay attention how cryptocurrency investment works and how possible you can make profit. One thing about business and every investor is that they are looking for profit. If you focus on how much you are going to make it will be very helpful than looking at investing your money alone.

 

[Taimoor Jutt]

Yes absolutely right, we should follow them and can avoid loss. These are the basics of investment.
Patience is the key for investment and don't invest when you are too happy or too sad, decision can be wrong in this situation.

 

[Josemendez]

Thank you for this wonderful thread . The way am seeing it , with the current trend in the price of Bitcoin , many people may be recked but Bitcoin , especially those that will invest with careful measure and analysis of the market trade . There should be an average knowledge for anyone who wants to invest in cryptocurrency

 

[ranaabubakar263]

If you want to invest in cryptocurrency, first of all you need to know about it. You have to get full knowledge and experience in crypto then you get benefits and profit in crypto. Don't invest without knowledge.

 

[Folaham]

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

Lack of knowledge makes some person a victim of the virtual world in the early stages and many are still commiting same mistake till today. Knowledge first before investing. Also, you noted FUD_fear, uncertainty and doubt, many are in this class today because of their last experiences with probably Ponzi schemes and that decision making time is always been delayed as to be guilty of same mistake twice