Know Everything about the Crypto Before Start
The idea of knowing everything about crypto investing sounds like common sense because gathering information and doing research is an important part of investing.
The investor reality is this idea is so misleading.
In practice, crypto markets can sometimes move in ways that take crypto veterans by surprise. So if a new investor hopes to acquire the ideal amount of information, he or she isn’t ever going to get there. You have to take a leap of faith based on the knowledge you do have and keep a long-term strategy.
Pro-tip: Start with what you do know about crypto and keep learning from there.
Uhh.. what. Just because it's common for even the best investors or "veterans" to make mistakes doesn't mean that you shouldn't be educating yourself heavily before diving in and just deploy your money willy-nilly. While yea sometimes people need to learn the hard way(by losing money), this is in general very bad advice.