Starting in crypto? Avoid these common pitfalls I see time and again:
1. ❌ Skipping Self-Custody
Keeping all your crypto on exchanges.
✅ Fix: Move to a hardware wallet (Ledger/Trezor) or trusted non-custodial wallet after buying.
2. ❌ Chasing “100x” Shitcoins
FOMO-ing into unknown tokens from TikTok/Telegram.
✅ Fix: Stick to top 50 coins first. Research use case, team, tokenomics before investing.
3. ❌ No Risk Management
Putting life savings into one coin.
✅ Fix: Never invest more than you can lose. Use the 5% rule per altcoin, set stop losses.
4. ❌ Ignoring Security
Weak passwords, no 2FA, clicking random links.
✅ Fix: Use 2FA (Authy/Google Auth), bookmark real sites, never share seed phrases.
5. ❌ Emotional Trading
Panic selling in red, greed buying in green.
✅ Fix: Have a plan before entering a trade. Stick to it. Remove emotion.
🧠 Bonus Tip:
You don’t need to catch every pump.
It’s better to miss an opportunity than lose your capital.
Slow, steady, and educated wins the race.
#CryptoMistakes #Beginners #learncrypto #CryptoTips