MISTAKES TO AVOID

21 Worst Crypto Mistakes: Are you making any of these?

1. Invest more than you are willing to lose
2. Been over hopeful, confident and overexposing oneself using loans or credit cards
3. Not having a working strategy,
4. Not re-assessing your strategy on a regular basis, especially if is not working.
5. Not having cryptos in safe, insured and reputable exchange
6. Not choosing an exchange that has low fees. Fees can add up!
7. Failing to do your own research. Don’t trust blindly.
8. Following the next internet hype! many of these are Pump and Dumps, and can lose you lots of money!
9. Follow the advice of people that have little or no experience and worst of no real results.
10. Have no Risk Management plan in place.
11. Adding capital, funds to a losing trade, this is based on emotions, hope, regret and not techinical analysis.
12. Using high leverage, expecially if new (2x,3x is what is used in financial market by experts for a reason)
13. Not trusting the trends, and trade against it!
14. Not understanding market cycles.
15. Have all your coin in one place. If you are holding for a long term, transfer it to a hard wallet, like Ledger Nano X or Trezor
16. Not spreading your risk. Don’t have all your crypto in one place, a reputable exchange and a hard wallet, allows for security and flexibility
17. Not backing your password or key phrases.
18. Not doing a test transactions when sending coins to another wallet or exchange. Do a small test transaction, to make sure you are sending it to the right digital coin and address.
19. Not understanding the TAX implications of holding investing in cryptocurrencies. Know how to legally reduce your taxes, like keeping cryptos for over 12 months.
20. Don’t brag about your cryptos, this can be dangerous.
21. Falling for scams (it is easier then you think), there a lot of ponzi schemes, pumps & dumps, private key phishing and giveaways, so be careful.