The biggest mistake I've seen Bitcoin investors make is wanting to make a profit immediately they invest in the coin. They're no longer concerned about its sustainability or intended use. Everyone thinks it's a quick money maker.
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Sometimes you can buy when the price of Bitcoin drops and it will continue to drop over and over again. Around January there are a lot of people who invested at the price of 38,000 dollars but today the price is around 16,000 dollars.Considering the fact that Bitcoin is one of the best and highest crypto currency with value, I think it is always advisable to buy it at a good time when the rate of the coin drops, one can invest on it.
there are a lot of mistakes they make they often have high expectations because they probably saw many peaole getting rich by crypto also they don't properly learn about investingOne mistake is overreaction when the price goes down. This forces them to sell their coins early to avoid a loss. Another one is lack of knowledge. If you don't know much , you wil be found wanting. Fear is also part. Using bad WiFi can affect transactions and lead to late speculations.
I have no problem with people who have high expectations whenever they invest in cryptocurrency because it is their money. I think the expectation should be some kind of realistic coupled with a lot of research and patience.there are a lot of mistakes they make they often have high expectations because they probably saw many peaole getting rich by crypto also they don't properly learn about investing
1. Lack of Basic Crypto Knowledge ·One mistake is overreaction when the price goes down. This forces them to sell their coins early to avoid a loss. Another one is lack of knowledge. If you don't know much , you wil be found wanting. Fear is also part. Using bad WiFi can affect transactions and lead to late speculations.
you are probably very correct on this. These are some of the things newbies must put into consideration before they venture into cryptocurrency if not the end up regretting.1. Lack of Basic Crypto Knowledge ·
2. Ignoring Fees ·
3. Short-term Thinking
4. No proper planning before investing
5. Not choosing the right crypto exchange platform
Especially the first point. You cannot make any REASONABLE BENEFITS out of any CRYPTOCURRENCY PLATFORM without knowing how it actually work.you are probably very correct on this. These are some of the things newbies must put into consideration before they venture into cryptocurrency if not the end up regretting.
Probably, anybody who is investing in cryptocurrency with a proper knowledge of how it works is actually gambler. You may get lucky and make money but on the long run you can lose everything.Especially the first point. You cannot make any REASONABLE BENEFITS out of any CRYPTOCURRENCY PLATFORM without knowing how it actually work.