Avoid these crypto investment mistakes

[Hatchy]

Well all the listed above are actually correct but some of these mistakes are inevitable as an investor. Especially those new to the market they get scared easily and barely take their time to make good plans and properly research what they are about to invest on. I won't actually say that most of us don't sell Bitcoins even during times like this when we are expecting the bull. No one is stoping you from selling some few coins. Just make sure you aren't wasting your coins and also have some stacked up in a safe wallet. Though you may choose to diversify your portfolio but it's not necessary if you don't know how to. So you don't end up putting your funds in the wrong basket. A basket that might bear rotten eggs. Just be wise enough to do research where you want to diversify your funds into.

[Jegileman]

•un-diversified portfolio:  this one just dey like putting all your eggs in 😂 one basket. Which means say anything way sup for that basket go affect all your eggs. So make we try to spread our investment across other reasonable assets.  then another major investment mistake na

Wetin you mean by other reasonable assets? Hope say no be diversification in other crypto assets you mean by that? Dis wan no go be better advise if na wetin you mean be dat because market no go play your way if na wetin you wan venture your money into only. Diversifying of portfolio fit come through investing in other assets out of the crypto world that are reliable and trustworthy. E no mean say na only crypto you go depend on to make you rich or achieve your targeted investment. Your major mistake in dis aspect na him be say make you put money for any coin wey you come across and hoping say dem go do you well after some time. If no be bitcoin, just know say you dey gamble with your money and wetin you expect fit no be wetin you go take your eyes see.

[Ever-young]

I cannot counter all what you have listed,it is based on what you believe, nice one tho, but let me say something. Diversification is not always a necessity, their are people who wants nothing to do with Altcoins, like they do not give a fuck if the price of this Altcoins skyrocket so they have nothing to diversify, they believe solely in Bitcoin. We consider the implementation of diversifying our investment when we dealing mostly with lots of Altcoins, since there is high risk of losing funds. It Is considered wise for every investors to hold good portion of Bitcoin before thinking about diversification, we diversify our Altcoins investment not on Bitcoin.

You are totally correct and this kind of mistake makes most investors to later regret their actions of solely believe in Altcoins even knowing the high risk of losing more funds even though it also increase in price at times but solely relying on Altcoins is not an option but for me I rather invest in Bitcoin than Altcoins because it's a waste of time and energy although Bitcoin also fluctuates at times but can't be compare to Altcoins and it's more reliable. Although the choices is really based on individuals but no matter any one chooses, let them be aware about the risks involved.

[sotelorene]

I cannot counter all what you have listed,it is based on what you believe, nice one tho, but let me say something. Diversification is not always a necessity, their are people who wants nothing to do with Altcoins, like they do not give a fuck if the price of this Altcoins skyrocket so they have nothing to diversify, they believe solely in Bitcoin. We consider the implementation of diversifying our investment when we dealing mostly with lots of Altcoins, since there is high risk of losing funds. It Is considered wise for every investors to hold good portion of Bitcoin before thinking about diversification, we diversify our Altcoins investment not on Bitcoin.

You are totally correct and this kind of mistake makes most investors to later regret their actions of solely believe in Altcoins even knowing the high risk of losing more funds even though it also increase in price at times but solely relying on Altcoins is not an option but for me I rather invest in Bitcoin than Altcoins because it's a waste of time and energy although Bitcoin also fluctuates at times but can't be compare to Altcoins and it's more reliable. Although the choices is really based on individuals but no matter any one chooses, let them be aware about the risks involved.

You are absolutely right bitcoin can not be compared with alt cause there is a very big difference between them and Bitcoin has proven itself to be the best coin to ever exist maybe let just say for now because we can't really tell what tomorrow will bring to us but Bitcoin being the best of all time doesn't mean others like alt, is a waste of time and energy to invest in. if I am not mistaking most of the people we see today as major investors is through alt and some other shitcoin  you will also agree with me that investors who hold their Bitcoin for years are very few most people don't have that patient that's why, you see them investing in alt and  memecoin though alt and memecoin have higher risk but you can't justify them that way is wrong. No investment is a waste of time and energy unless we have seen the outcome cause you can't really tell what will happen perhaps, we are just like Hunter who doesn't know what meat we will kill.

[I_Anime]

I cannot counter all what you have listed,it is based on what you believe, nice one tho, but let me say something. Diversification is not always a necessity, their are people who wants nothing to do with Altcoins, like they do not give a fuck if the price of this Altcoins skyrocket so they have nothing to diversify, they believe solely in Bitcoin. We consider the implementation of diversifying our investment when we dealing mostly with lots of Altcoins, since there is high risk of losing funds. It Is considered wise for every investors to hold good portion of Bitcoin before thinking about diversification, we diversify our Altcoins investment not on Bitcoin.

You are totally correct and this kind of mistake makes most investors to later regret their actions of solely believe in Altcoins even knowing the high risk of losing more funds even though it also increase in price at times but solely relying on Altcoins is not an option but for me I rather invest in Bitcoin than Altcoins because it's a waste of time and energy although Bitcoin also fluctuates at times but can't be compare to Altcoins and it's more reliable. Although the choices is really based on individuals but no matter any one chooses, let them be aware about the risks involved.

Base on the mark altcoins have left back in the days I was actually dealing in then have learnt my lesson that altcoins is like waste of time stuff, because most time they will dip without thinking of rising back leaving some folks reckt. That's why always take your time research thoroughly, to avoid investing in the wrong project. That's why most people are scared to invest in cryptocurrency because of the marks shitcoins has left In them.

Ever since have started my bitcoin journey things has been moving smoothly all thanks to God have been able to see evidence of my hard work ( accumulating) paying off each day , because am still bullish in my bitcoin holding despite the recent dip , that's why I keep pushing by accumulating more and more.

[EclipseXcrypto]

Hello fam, please read closely e get one wise quote, way I like so much " a stitch in time saves nine" for this investment game no body know everything all at once , we are all Learners , and trust me, we go continue to dey learn and also dey adapt as long as say na this investment game. Normally e get some mistakes way we dey make as investors normally , nine make I say make I bring them to the table so we go fit educate ourselves  and also improve our investment skills. The first most common investment  mistake way most of us dey make na

•un-diversified portfolio:  this one just dey like putting all your eggs in 😂 one basket. Which means say anything way sup for that basket go affect all your eggs. So make we try to spread our investment across other reasonable assets.  then another major investment mistake na

 • timing the market: This one done really affect many people, way be say them no dey fit hold investment or wait for the right time to invest. This matter way I dey talk so , done make some people sell some kind assets way them suppose hold for maturity too early, and also make some people go buy too early, so make we just allow the market do em thing, because these big moves way we dey find , to be honest, e dey take time.
And then the last major mistake na

•In-adequate research: This one na to dey make investment decisions without proper research and strategy, one thing we suppose know na say we need to understand how this thing works, no be magic, we need to go into comprehensive research to get the best out of our investments.

Bro wetin u yarn no bad oo, but diversification and undiversification dem get their advantages and disadvantages.  Diversification for one side dey risky and e go fit make other assets  no do well and u fit dey spend ur profits from de one wey dey bring profit to another, of which wey go fit result to loss or u no go benefit from de one wey dey profit u. De good thing about diversification the plan fit help protect u from loss incase one side no dey do well de other side go package u and u fit dey mention de other till that one sef go begin bring profit.

Anybody wey invest, especially crypto (bitcoin) need adequate knowledge to dey move and grow hin investment. And how u go take get knowledge na to dey do research to balance and set ur investment, put am for de right track so dat u go reap de benefit. Make u get am for mind say no be every crypto dem dey put money some na loss u go fall enter if u no do research well well. De market sometime things dey change, different things dey happen, if u no do research time fit come when things go tight or dey difficult but dat knowledge u get nai go make u pass dat difficult situation for  de market.

[DubemIfedigbo001]

I cannot counter all what you have listed,it is based on what you believe, nice one tho, but let me say something. Diversification is not always a necessity, their are people who wants nothing to do with Altcoins, like they do not give a fuck if the price of this Altcoins skyrocket so they have nothing to diversify, they believe solely in Bitcoin. We consider the implementation of diversifying our investment when we dealing mostly with lots of Altcoins, since there is high risk of losing funds. It Is considered wise for every investors to hold good portion of Bitcoin before thinking about diversification, we diversify our Altcoins investment not on Bitcoin.

You are totally correct and this kind of mistake makes most investors to later regret their actions of solely believe in Altcoins even knowing the high risk of losing more funds even though it also increase in price at times but solely relying on Altcoins is not an option but for me I rather invest in Bitcoin than Altcoins because it's a waste of time and energy although Bitcoin also fluctuates at times but can't be compare to Altcoins and it's more reliable. Although the choices is really based on individuals but no matter any one chooses, let them be aware about the risks involved.

Base on the mark altcoins have left back in the days I was actually dealing in then have learnt my lesson that altcoins is like waste of time stuff, because most time they will dip without thinking of rising back leaving some folks reckt. That's why always take your time research thoroughly, to avoid investing in the wrong project. That's why most people are scared to invest in cryptocurrency because of the marks shitcoins has left In them.

Honestly, we all have scars, but the difference between us and others is that we moved on, continued searching, remained optimistic and here we are in the warm, reassuring arms of Bitcoin. The ones that let their fears overcome them are the main losers cos they were afraid to try again, they quit and ended their critical journey with increased pessimism.

Shit coins investment, if not properly checked, can deal huge  uncontrolled blows to your finances, emotions and what have you. Bitcoin investment wields far greater potential than these shit coins and should be given preferential consideration when investment are being considered

[Samlucky O]

•un-diversified portfolio:  this one just dey like putting all your eggs in 😂 one basket. Which means say anything way sup for that basket go affect all your eggs. So make we try to spread our investment across other reasonable assets.  then another major investment mistake na

Normal E good make we diversify our portfolio as you talk,  but before that we really need to accumulate alot of bitcoin for our portfolio before we go start to diversify.
And meanwhile when you dey talk About diversification I hope no be shitcoin you dey think of? Diversification fit be investing in real estate, buying of land or building of house for rentage, if your money reach to build. Lastly you fit open a lucrative business wey fit they yeild you better profit to keep up your bitcoin accumulation since that one just be like a long term subscription.

• timing the market: This one done really affect many people, way be say them no dey fit hold investment or wait for the right time to invest. This matter way I dey talk so , done make some people sell some kind assets way them suppose hold for maturity too early, and also make some people go buy too early, so make we just allow the market do em thing, because these big moves way we dey find , to be honest, e dey take time.
And then the last major mistake na

Normal bitcoin investment no be for short time profit. When people dey talk about "market timing", to me E just be like na trading the person dey talk about. No be say trading bad Sha but when anybody they include timing for a long term HODLing, I no dey like am because both of them na two different thing. When person dey talk about HODLing, make E no say E no dey reason about time because you must invest without looking the market up and down movement by investing through DCA. Where person fit consider timing small na just buying dip as the second strategy. otherwise apart from that timing market na the term used by traders.

•In-adequate research: This one na to dey make investment decisions without proper research and strategy, one thing we suppose know na say we need to understand how this thing works, no be magic, we need to go into comprehensive research to get the best out of our investments.

Normally E good to do proper research because the cryptocurrency ecosystem no be where to do any how. If you do anyhow without DYOR, you go surely chop breakfast Las Las.

[Sonia_123]

A lot of persons sees these  as not important which they end up to be a victim, when investing you need to avoid mistake like,

INCORRECT WALLET ADDRESS: You must be sure and use your correct wallet address mainly when spelling to input it, to avoid undenied access to your account or loss of funds.

COMPLEX TRADING STRATEGY: Avoid involving yourself in different methods of trading, just choose the strategy you will be able to use that is being comfortable with,and it should be only that one instead of moving from one to the other, it will affect your investment and it shows you don't know what you are doing or not being serious with your investment .

IGNORING MARKET TREND: An Investor should be able to read and understand the trend in the market because it guides you through a successful investment instead of avoiding it .

NOT BEING ABLE TO IDENTIFY A GOOD INVESTMENT: That a particular investment is leading,or is having troops of investors investing into it might not be genuine,for not all that glitters is gold or that flourishes last longer or forever therefore accepting everything you read as real and true can be dangerous.

[DaNNy001]

Well all the listed above are actually correct but some of these mistakes are inevitable as an investor. Especially those new to the market they get scared easily and barely take their time to make good plans and properly research what they are about to invest on. I won't actually say that most of us don't sell Bitcoins even during times like this when we are expecting the bull. No one is stoping you from selling some few coins. Just make sure you aren't wasting your coins and also have some stacked up in a safe wallet. Though you may choose to diversify your portfolio but it's not necessary if you don't know how to. So you don't end up putting your funds in the wrong basket. A basket that might bear rotten eggs. Just be wise enough to do research where you want to diversify your funds into.

Yeah diversification is really really important when it comes to investment but the matter sef no be to diversify and to actually know the right coins to put hand because e no dey hard to make mistake buy wrong especially when you no research and sometimes the major reason why this dey happen is because maybe proper research sef no really dey that's why.

[Odogwu-Blockchain]

•un-diversified portfolio:  this one just dey like putting all your eggs in 😂 one basket. Which means say anything way sup for that basket go affect all your eggs. So make we try to spread our investment across other reasonable assets.  then another major investment mistake na

This na the major thing wey you go consider most when investing into crypto, the crypto category broad in so many ways wey be say all of them get volume and strength to make out profit. Out of many projects to be diversified are the Blockchain coins.

Blockchain coins serves as Oga wey be say other coins build under them, na them be the backbone of other coins, because of them other coins exist, once them rise, other coins follow, example of these coins na BNB, Ethereum, TON, Solana, Aptos, Atom, Avalanche and more.

And again, each of these Blockchain based coins get Dex, meme, DeFi, metaverse, infrastructure, web3 and more. So wetin you go do na to buy each leading coins under those Blockchain coins as I list so. For example, you buy Bong as the leading meme coins under Solana Blockchain, JOE as the leading Dex on avalanche Blockchain, OSMO as the leading Dex on Atom Blockchain, and so on. With this procedure, you go diversify your portfolio and it's worth doing this.

[rachael9385]

Well all the listed above are actually correct but some of these mistakes are inevitable as an investor. Especially those new to the market they get scared easily and barely take their time to make good plans and properly research what they are about to invest on. I won't actually say that most of us don't sell Bitcoins even during times like this when we are expecting the bull. No one is stoping you from selling some few coins. Just make sure you aren't wasting your coins and also have some stacked up in a safe wallet. Though you may choose to diversify your portfolio but it's not necessary if you don't know how to. So you don't end up putting your funds in the wrong basket. A basket that might bear rotten eggs. Just be wise enough to do research where you want to diversify your funds into.

Yeah diversification is really really important when it comes to investment but the matter sef no be to diversify and to actually know the right coins to put hand because e no dey hard to make mistake buy wrong especially when you no research and sometimes the major reason why this dey happen is because maybe proper research sef no really dey that's why.

Normally, the mistakes wey investors dey do nah because of them no dey make good research to back up their investments plans. Information nah something wey really dey important for the crypto market, mostly if the investor won do lump sum, but if nah DCA way the investor won use invest in crypto (Bitcoin) all em need nah just the capital and a good place to safely keep em keys to protect em wallet, them the rest things wm need nah to just dey buy bitcoin consistently and make em no give up to dey accumulate Bitcoin.
However, outside DCA strategy, the rest methods to use invest on crypto needs informations, mostly if the investor they plan to buy bitcoin during the DIP.

[Roseline492]

Yeah diversification is really really important when it comes to investment but the matter sef no be to diversify and to actually know the right coins to put hand because e no dey hard to make mistake buy wrong especially when you no research and sometimes the major reason why this dey happen is because maybe proper research sef no really dey that's why.

If the only digital assets we are investing is Bitcoin it will be better focusing only on Bitcoin because considering the nature of crypto market and what altcoins are capable of, diversifying into altcoins can be very risky, so if perhaps Bitcoin alone is not good enough for the investor, I would suggest going for more physical investment because e no go make sense way be say person go use money way suppose give am better thing for physical business carry go waste for altcoins, although e get some better altcoins way go fit pay better money in a short time but how to locate am na in be the problem if not them plenty for market because anytime way I check market I they always see coins way done make 30% move within 24 hours but the thing be say the risky plenty ooh.

[letteredhub]

•un-diversified portfolio:  this one just dey like putting all your eggs in 😂 one basket. Which means say anything way sup for that basket go affect all your eggs. So make we try to spread our investment across other reasonable assets. 

Diversification na something wey we no go fit overemphasize for when it come to investments because it dey save person on raining days. Na just as the proverb say rat way get plenty hole no dey die quick, wen one hole close na to use the another survive.

But while diversifying we get take time the do research on where and what we are diversifying out funds into, because it get certain diversification wey go lead to the investor downfall. In other words, at times it better to stay with one investment wey you dey sure of bringing you profit  than scattering your funds into different channels of investments wey no com later work. For example, it better to leave all ur funds inside bitcoin than to say you wan remove some go put for some shit altcoins wey you no even dey sure of it future

[SmartCharpa]

Hello fam, please read closely e get one wise quote, way I like so much " a stitch in time saves nine" for this investment game no body know everything all at once , we are all Learners , and trust me, we go continue to dey learn and also dey adapt as long as say na this investment game. Normally e get some mistakes way we dey make as investors normally , nine make I say make I bring them to the table so we go fit educate ourselves  and also improve our investment skills. The first most common investment  mistake way most of us dey make na

•un-diversified portfolio:  this one just dey like putting all your eggs in 😂 one basket. Which means say anything way sup for that basket go affect all your eggs. So make we try to spread our investment across other reasonable assets.  then another major investment mistake na

 • timing the market: This one done really affect many people, way be say them no dey fit hold investment or wait for the right time to invest. This matter way I dey talk so , done make some people sell some kind assets way them suppose hold for maturity too early, and also make some people go buy too early, so make we just allow the market do em thing, because these big moves way we dey find , to be honest, e dey take time.
And then the last major mistake na

•In-adequate research: This one na to dey make investment decisions without proper research and strategy, one thing we suppose know na say we need to understand how this thing works, no be magic, we need to go into comprehensive research to get the best out of our investments.

You dey very correct, e no really make sense that we invest all our money in one assets but to me this advice is for those people wey dey invest in alt or shit coin because I don't know how someone will invest in Bitcoin for a long time complain say di price affect their money. In my opinion of view, if we invest in Bitcoin and have some extra money to invest, we should at least try other valuable assets wey go give us profit on time.

However, proper research dey very important because even person wey dey claim say him sabi Bitcoin and get the knowledge very well still dey learn, normally e dey happen as you talk am, there's some people who are lazy to do research and get more information, the motivation wey we get from someone that guide us from the beginning is not going to help us in everything, so we need to do more research regarding the asset we want to hold.

[Zigabel]

You are totally correct and this kind of mistake makes most investors to later regret their actions of solely believe in Altcoins even knowing the high risk of losing more funds even though it also increase in price at times but solely relying on Altcoins is not an option but for me I rather invest in Bitcoin than Altcoins because it's a waste of time and energy although Bitcoin also fluctuates at times but can't be compare to Altcoins and it's more reliable. Although the choices is really based on individuals but no matter any one chooses, let them be aware about the risks involved.

My mentor once told me Altcoin is crypto gambling and I didn't understand that until recently when I see how unstable they can be, but with Bitcoin it's always been very different such that literally you don't have to really deal with all those fluctuations, you just have to be patient and have a mindset of the long term except you want to trade basically else, it's always best to just invest in Bitcoin they for quick swaps and taking advantage of volatility you can look at Altcoins but don't see it to be for an investment.

[Hewlet]

You are totally correct and this kind of mistake makes most investors to later regret their actions of solely believe in Altcoins even knowing the high risk of losing more funds even though it also increase in price at times but solely relying on Altcoins is not an option but for me I rather invest in Bitcoin than Altcoins because it's a waste of time and energy although Bitcoin also fluctuates at times but can't be compare to Altcoins and it's more reliable. Although the choices is really based on individuals but no matter any one chooses, let them be aware about the risks involved.

My mentor once told me Altcoin is crypto gambling and I didn't understand that until recently when I see how unstable they can be, but with Bitcoin it's always been very different such that literally you don't have to really deal with all those fluctuations, you just have to be patient and have a mindset of the long term except you want to trade basically else, it's always best to just invest in Bitcoin they for quick swaps and taking advantage of volatility you can look at Altcoins but don't see it to be for an investment.

the thing with altcoin be say you no go even de sure of the one when you go invest in when go give you better profit. E de always de like say you de do trial and error to see which one go even make sense. The same way when altcoin de volatile na the same way na him Bitcoin take de volatile but the issue with altcoins be say you need first of all identify the altcoin when de a bit stanble in the positive sense when you go buy and even as you take buy am, you need also know the highest number of months or years when you go hold am before you sell am or else you continue holding a coin that has already faded away. The mistake some people de make be say them de buy am Come hold am like the same way them de hold bitcoin not considering that most of these altcoin don't have what it takes to last and continue gaining value as much as Bitcoin does.

One thing about this investment matter be say, people de when de invest for altcoin though on a short term bases still de make profit from am while others de when no know what it takes to be profitable at it. If you know wetin you de do and you don strategize how you wan take go about your investment well, you fit take certain risk and try out some investment option check wether e go favour you or not. After all, life and anything investment na risk but the allocation when you supposed put into that kind thing supposed de very small so if anything goes wrong, you're certain you can still surf through that phase at ease.