10 Mistakes You Should NOT Make as a Crypto Investor🚫
1. ❌ No research (DYOR)→ ✅ Analyze project, team, and whitepaper.
2. ❌ FOMO or panic→ ✅ Set clear rules (e.g.: stop-loss).
3. ❌ Crypto on exchanges→ ✅ Use cold wallets (you aren't the owner if you don't control your keys).
4. ❌ Invest essentials→ ✅ Only capital you can afford to lose.
5. ❌ Follow "gurus" blindly→ ✅ Verify independent sources.
6. ❌ High leverage→ ✅ Avoid leverage if you are a beginner.
7. ❌ Not diversifying→ ✅ Spread across low correlated risk assets.
8. ❌ Ignore taxes→ ✅ Record transactions and calculate tax obligations.
9. ❌ No exit plan→ ✅ Define take-profit and time horizon.
10. ❌ Low security→ ✅ Use 2FA, secure seed phrase, and avoid phishing.
🔑 Key rule: Don't invest in what you don't understand.
💡 In crypto: Education + patience = Success.