8 Mistake People Make When Investing In Crypto

[Rengga Jati]

Investing in cryptocurrency is something that can be very worthy and also risky at once. People may get high profits from investing in the crypto industry, and o the other hand, vice versa, people may lose much money because of crypto investment. This can happen because of some problems and reasons. Seriously, these 8 mistakes very often happen in the crypto industry, done by mostly beginners and also people who have been here in the crypto world for longer times.
Yeah, as like here:

2.   Investing money you cannot afford to lose
3.   Investing before researching the coin

They even don't learn moreover analyze the coins or projects that they want to invest. They only follow the hype from high promotions by most influencers. Sadly, people are only interested in the profits, but they cannot learn and control their funds. That is why many people are also not ready with the risk of losing. In this case, they cannot afford to loose. Moreover investing in coinwithout any research is something that is very risky, like gambling in certainproduct only.

[2stout]

I would also add 2 more.  1)  Thinking you're going to get rich quick and 2) Failing to take profit, at the least to recoup your initial investment.  Otherwise, the market has a hard way of teaching lessons.

[passwordnow]

It ain't no problem investing only to one crypto if it's bitcoin. Diversification isn't bad but if you're a maximalist, it's also not a problem because I've seen those maxis that have been made well, and even until now, there are plenty of them that are just silent.
There also goes those investors that have been holding for long even before the 2017 bull run and never sold up to this point along with the last bull run of bitcoin that hit $69k.

[Bhig Daddy]

A very good post it just too bad that it a plagiarized work, because this provide alot of good information to many members of the forum. I believe you know plagiarized works are prohibited to this forum, please do endeavor it doesn't happen again.

[Falconer]

8.  Investing in Just One Type of Crypto

This is another big mistake people make, investing in just one type of coin, because thou it’s not bad to start with one type of coin, but as time goes on, diversify your portfolio, because it’s not good to put all eggs in one basket, as no one knows the next minutes, because as a result of the volatile nature crypto, a coin can be skyrocketing now and in the next one minute crashing.
So that’s how crypto works, and diversification is the best option every crypto holder could do to either stable coin and the rest.

However, never take this method as a big mistake because there are many people who are willing to ignore dozens of altcoin to not include in their portfolio just to invest in bitcoin alone. They only have bitcoin in their portfolio and ignore the long term potential of altcoin, so what big mistake did they make?

Even if diversification is good but if one is only investing in bitcoin then it is actually a very good option. Bitcoin is still much better in the long run than thousands of other altcoin, so obviously that shouldn't be taken as a mistake. After all, don't put your eggs in one basket - This doesn't necessarily mean you have to diversify your assets for several different altcoin, but it's kind of a way you keep some of your assets in different wallets.

[ms-bit]

8 MISTAKES PEOPLE MAKE WHEN INVESTING IN CRYPTO

1.   Buying high and selling low
2.   Investing money you cannot afford to lose
3.   Investing before researching the coin
4.   Not having a plan
5.   Investing because a coin's worth just went up
6.   Buying a coin just because it's cheap
7.   Following the Current Crypto Hype
8.   Investing in Just One Type of Crypto

Gold rules! i wish everyone could see this before entering the crypto world!