Biggest crypto mistakes you can make – learn from my fails

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I’ve been in crypto for a while now so I’ve had enough time to make every mistake possible. Here are some of them:

Buying during a pump.

At first I thought that if a pump started it will just go on and on, so I’d end up buying at all time high and then obviously the coin tanked and that was it.

Buying a coin the second it gets listed on binance.

This is the mistake I most ashamed of.

When a coin gets listed the price immediately jumps and shows percentages like 100 200 or 400%. This looks quite attractive to buy but don’t, the price will go down in like minutes or hours.

Not having patience.

Buying a coin and expecting it to do x100 immediately. After hearing so many stories about Dogecoin I was expecting the coin to do to grow 10 times or 100 times in a few days so after a week the coin has not moved that much I was selling and buying another coin with the same stupid hope.

Wasting time staring at charts

If you believe in your investment, then all you need to do is buy and forget. You can check every few days but there is no need to stare at the charts all the time.

Failing to recognize posts and news that are pure manipulation

Some coins are great and worth talking about but often it’s buy the rumor sell the news. So I know it’s been said so many times but yes do your own research.

DCA.

If you want to make sure that you are not buying at all time high and then feeling stupid about it you should DCA. The point is that you won’t miss an opportunity but you will also not feel stupid for buying high.

Learn about gas prices before you start buying crypto.

You don’t want to waste a giant chunk of your money paying gas fees. Learn about L2, BSC, XLM.

Anything else I missed?

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