Quote from: mk4 on April 29, 2022, 05:44:38 PM

Quote from: Tanya_S on April 29, 2022, 09:25:53 AM

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.

There is this "overconfidence" issue with many veterans, they shouldn't really do it but they tend to do it because we are talking about stuff that are simple in their views, but sometimes things do not go according to the plan and that's where they fail. This means that doesn't matter if you are a newbie or a veteran, you should be focusing on learning more, making sure you studied, you researched it well and then take action.

If you remove even one of those, you will crumble even if you have been in this market for a decade. It feels weird to say a decade but we have been here for more than that right? So, it is quite important for everyone to take this seriously.