Here Are 3 Cryptop Investment Mistakes You Should Avoid In 2021

[Dowenship]

If you the emotional type, I mean u care about your money so much, don't invest into meme coins, but well known with reputations across the globe.

I thought that you would give a specific cryptocurrency that we should avoid to buy or hold. Anyway this keypoints are noted and would be considered a good list what crypto should anyone to invest with. Thank your for this tips.

 

[eLdavis]

The emotions part is a big mistake made by so many traders i my self was a victim o that at one point. Out of fear we make hasty decisions that are not the right one at the moment.

 

[GIFTMICHAEL]

Before deciding on venturing my time with Cryptocurrency I've already decided that I won't allow my emotions to be ruined, that's why I'm investing what I can afford.

 

[Josemendez]

People who see cryptocurrency as a get rich soon type of business ends up being emotional down. Cryptocurrency is an investment that one should invest what he is willing to leave untouched for long

 

[Justin]

These days everyone seem to be a crypto expert who starts giving advice on crypto investment and trading, and people who have $50-$100 in crypto currency are calling themselves crypto investors.

 

[Ub40]

You have really put up a very detailed and educating information up there. I had to come in because the topic is an important one as it is possible that one is not making it in the crypto world because of the mistakes encountered. But I think the above points will help. Thanks for sharing.

 

[Senator]

Very correct points of advice there. You must know your mathematics very well to get into the cryptocurrency game. You should keep your emotions gar away from you when making decisions

 

[jeff87]

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 very much for sharing your tips on not making mistakes in cryptocurrency investments. Its good to know that i am not alone in the journey of cryptocurrency. I think I am into into this crypto world for just a few months. So this advises really means a lot to me. I entered into crypto universe, then I need all the skill and knowledge how to earn big profit from it.

 

[Rhapsody]

It has been rightly said by the starter of this thread. One mistake I see most of the people do make is investment in crypto currency without the basic knowledge.
Like in 2017 or beginning of this year that people saw that bitcoin and others are rising. They invested in coins when they were at there highest price. Now that the price of the coin has dropped, they are now making lost. Since they still don't have the knowledge and they are not asking experts. They have decided to sell there country that they are not making profit on. No knowing that if they leave it, it will eventually rise back in matter of time.

 

[Nomad]

I do not think you have to memorize these jargon to ply cool in the crypto currency market. All you need to remember is invest in crypto currency and wait patiently for the price to go up, even if this means waiting for for 2-3 years.

 

[Suba]

You can summarize the mistakes of crypto investors into 3 main mistakes, so I think there are still many other mistakes that crypto investors must fix, such as Don't use borrowed money or salary money that is used to meet daily needs, so use idle money to invest in crypto. Only invest in one coin (eg Bitcoin), Negligent of the security factor so it is easy to hack.

 

[Mayox25]

Anything that involves one putting one's fund into then being careful is very important. Doing due diligence, having understanding, seeking knowledge.

 

[HayKay]

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

You've hit the nail on the head. This article is very very expository - you don't need anything else.
One thing I've discovered among a lot of crypto traders today is a lack of knowledge and the FOMO virus that's eating deep into traders minds today.
Everyone wants to get rich quick, forgetting the fact that any Investment is a process

 

[Jsoliu004]

BELKA GROUP IS INTENT TO INVITING THE INTERESTED CAPABLE COMPANIES OR INDIVIDUALS TO BELKA DISTRIBUTORSHIP IN NIGERIA TO COOPERATE.

 

[Setho]

One very important thing that you can do to yourself is that you should not invest in coins because it has gained a sudden hype and even if you should do you should know when to sell it.

 

[Josemendez]

One very important thing that you can do to yourself is that you should not invest in coins because it has gained a sudden hype and even if you should do you should know when to sell it.

The best time to buy any coin is during dip , however buying a coin that is rising should be aimed for short term trading because you can never tell what happens next.

 

[Abigael]

Those are very good points you have made. Indeed those mistakes should be avoided if one wants to evade losses. Learning about cryptocurrencies and all the systems in it is very important so that you stay informed and do your analysis well. Also, learning to control your emotions while trading is also very good.

 

[mcjerry]

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 these mistakes that you have listed. Because most new investors that seek enough knowledge before they go into investing on crypto currency and when they see how the price goes they will be emotional to take early decisions that they might later regret

 

[Nomad]

Take risk and invest in low value coin, something like Dogecoin or shib coin. If you had bought dogecoin back in January, you could have bought a lot of coins for $100, yet would have made a lot of profits.

 

[harrypaul]

Panic sell is one of the mistake people make in the crypto market.
In 2020 September I sold off my ripple when I tried was trading at $0.50 just to see the coin rise to $1.20 after a week.