Jack Ma advises to learn from others' mistakes rather than their success stories.
So i kindly ask you, guys, to share your biggest mistakes (or mistakes that you think the others can avoid) in trading, securing your coins and etc. in this thread. I hope "new comers" will be able to learn a lot from this thread
Let's begin with me: Mine is almost a cliché but still there are a lot of people who do this mistake - I blindly followed some traders on twitter which cost me 30-40% of my funds
So i kindly ask you, guys, to share your biggest mistakes (or mistakes that you think the others can avoid) in trading, securing your coins and etc. in this thread. I hope "new comers" will be able to learn a lot from this thread
Let's begin with me: Mine is almost a cliché but still there are a lot of people who do this mistake - I blindly followed some traders on twitter which cost me 30-40% of my funds
You learned the hard way that trading isnt easy, and requires a profitable system that can cut your losses quickly. Its no surprise that most traders actually lose money, because they trade blindly based on emotion.
When it comes to trading, stay away from altcoins until everything is bullish again. Altcoins get massacred during the bear markets.
When it comes to security: Dont use exchanges as wallets. Get your own dedicated desktop wallets. And you should also start keeping most of your coins in cold storage, in case your intenet-connected PC gets compromised.