Re: 5 Big mistakes for a beginner in cryptocurrencies ✌

One more thing is FOMO when the price bull run and panic sell when the price on the bottom. FOMO is natural emotion and all newbies did it and finally they loss money, but learn from the pass we can avoid FOMO and make better investment strategy.

FOMO is normal for someone who simply does not know much about how to really be trading the market and all they are always busy looking for is a moving train or a crashing plane.
This is the reason so many new traders always end up losing a lot of money just because they could not get all the knowledge they need on their own to be able to do it right and anyone who skips that part will never get anything good from trading except for them to lose all their funds in the process.

The biggest mistake for a beginner in cryptocurrencies is not paying attention, lack or knowledge about when to buy and when to sell. and not applying paternity after buying it.

That lack of knowledge is actually the main problem of majority of traders, most especially in this market. The same thing has happened in stocks and Forex in the past with people hearing that you can make a lot of money by trading the markets and before you know it, people started jumping into the market and expecting some quick returns without learning, and before you know it which is even a leverage market, they end up losing everything.