In Part 1 of this series, we monitored the crypto journey of a beginner and listed down what are the common mistakes one makes regarding first purchases and fundamental analysis. We also discussed how not to get scammed and evaluated the risks of keeping crypto in exchanges. In this part 2, we will discuss few more important topics
Thanks for the reminders and pointers. It can be easy to feel overwhelmed with the many traps to fall in to, but thankfully there are so many knowledgeable and generous people in the space willing to answer questions and help out, making the journey feel less daunting.
Super interesting synthesis. It's always good to get back to the basics. Great thing to read an objective and honest statement too. I've already copied and pasted link to friends wishing to invest in crypto. As usually Cryptowriter is bringing quality content. Must read. Thanks !
1/ Invest in blue chip crypto's 2/when price rises take some profits 3/ take those profits and invest in riskier crypto's 4/ if riskier cryptos pop sell and reinvest profits back into blue chips again. 5/ Rinse and repeat.
I think we all have been growing in a society that tells you “be in the right place at the right moment, and if you miss that it’s going to be the mistake of your life”
FOMO is definitely a tough one. I always get so much FOMO and have made some stupid mistakes from it.
Experience is the best teacher and I tend to control it a little better each time.
Crypto is a roller coaster ride.
Thanks for the reminders and pointers. It can be easy to feel overwhelmed with the many traps to fall in to, but thankfully there are so many knowledgeable and generous people in the space willing to answer questions and help out, making the journey feel less daunting.
Super interesting synthesis. It's always good to get back to the basics. Great thing to read an objective and honest statement too. I've already copied and pasted link to friends wishing to invest in crypto. As usually Cryptowriter is bringing quality content. Must read. Thanks !
"Take Profit" this has been challenging, I'll have to do more research on timing and strategies!
I think you can become a real crypto investor by making all these mistakes.
"Experience is the best teacher," said a friend of mine in a comment.
Of course, we shouldn't make these mistakes.
But the thing to remember is that we are human and we humans are weak beings, we make mistakes.
At this point, the important thing is not to make mistakes anymore, but to learn the right lesson from your mistake.
thanks for the nice article
Doing mistakes is part of the learning process, I think I have been made a lot, but each one show me something
1/ Invest in blue chip crypto's 2/when price rises take some profits 3/ take those profits and invest in riskier crypto's 4/ if riskier cryptos pop sell and reinvest profits back into blue chips again. 5/ Rinse and repeat.
FOMO is my weakness 😔
I think we all have been growing in a society that tells you “be in the right place at the right moment, and if you miss that it’s going to be the mistake of your life”
But is not always like that