3. unrealistic expectations
Don't get manipulated by profits you see online. 100k profits on a trading account or a sport car. you will never achieve that with your $1000 account. understand that and be real with you.
This is indeed one of the most relevant now, because in fact nowadays especially for beginners sometimes always make the thought that Crypto is the most instant way to earn money and obviously in this case it is actually a mistake because with this kind of hope it indirectly encourages them on the brink because they are always on the lookout for something instant like shitcoins that expect pumps and hype. They think this is the right move but in fact they have been trapped in a false hope.
^Probably they thought that trading in crypto is easy to make money, just execute buy and sell but if fact, they did not know how to predict correctly the market. False hope would be the main problem of the newbie especially when they heard about profit, they don't know the whole mechanics of how it will work, they don't know the right process or in a technical way, and they don't have an idea of how in trading makes money.
Probably that is the reason most them becomes a victim of a pyramid scheme or any double money scheme that give sweet promise to them to double their money in just a matter of time.