📍 2017: Not fixing profits.
After 34x on altcoin I didn’t lock in a profit. Wanted to get 46x.
📍 2018: Not getting rid of dead coins.
98% of altcoins may not grow. Sometimes it’s better to lock in a 50% loss and pay attention to more promising coins.
📍 2019: Listening to the crowd too much
Trust fundamental analysis and your feelings. Often bitcoin goes the wrong way as predicted by the market.
📍 2019: Loss of interest in the crypto market
2019 was the best opportunity to enter the market: low prices, weak competition, huge potential for growth. Now, by the way, is one of those moments.
📍 2020: Laziness.
During the crypto winter, you can reduce market activity, but make up for it by learning new ideas, trends and skills.
And as soon as the market starts to move, you need to turn on full force.
📍2021: Binary approach to investing
You don’t want to be 0/100% in the market. Always choose a middle ground so you can keep your assets and not be late to the trend. Investing even 1% of your portfolio in an asset can double your portfolio
📍 2022: Investing with a bad risk/return ratio
Stablecoin UST offered a 19% return per year. The FTX exchange was paying 8% a year in dollars. It ended up bankrupting both companies.
Why risk 100% of your money expecting to earn only 6-20%?