The 5 WORST Money Mistakes To Avoid when INVESTING in Cryptocurrency

These are the 5 WORST Money Mistakes To Avoid when INVESTING in Cryptocurrency | Bitcoin trading for beginners.
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These are the 5 WORST Money Mistakes To Avoid when INVESTING in Cryptocurrency | Bitcoin trading for beginners.
Mistake Number 1 ~ is all about not knowing what your are getting yourself into. As cliche as do your own research sounds , a lot of people neglect due diligence. Investing in cryptocurrency is not a get rich scheme. You will deal with a lot of craziness, scams , pump and dumps , manipulation and a whole lot of chaos.
Mistake 2 ~ Learn Bitcoin Technical Analysis. I can’t really stress how important this is because once you get the basics of TA you will save a lot of money because you will avoid investing at the wrong time. Here is a practical example, a lot of people in January bought bitcoin at unbelievable prices because they didn’t know how markets work. Surely, if you have a little bit of TA knowledge you can clearly see that buying bitcoin at $17000 is a no no. No matter how bullish the markets are, there will be always better times to buy in at a cheaper and reasonable price because these markets always go up and down depending on how patient you are. Patience is a great trait anybody needs to have when it comes to investing in crypto.
Mistake 3. Pump and dumps . Any groups telling you that they can help you make a lot of profit in a short time is straight up lying. Don’t ever pay to be part of trading groups because they are making money off of you. Just learn Bitcoin Technical Analysis on your own and make some money. It’s really not that hard.

Mistake 4 ~ Investing in vaporware. Before you ever invest in any project , check out their github profile . Check how active their developers are by looking at the commits . Pin point any developers who are coding on the project, check their history , look at their past projects . Are they capable ? How active are they ? Everything is open source guys , follow the code trail. I invested in a lot of projects that were just absolute garbage . GitHub is your friend .

Mistake 5 ~ using stop limit. Crypto markets like Binance have these cool features that allow you to protect your profits . Learn how to use stop limits please. Please limit me know if you guys need any help with how to use stop limits . I can make a separate video for that if you guys want me to.
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