Post
Topic
Board Bitcoin Discussion
Re: Top mistakes of newbies in crypto
by
xSkylarx
on 26/09/2022, 11:59:43 UTC
1. Hopium


propaganda online is huge. ridiculous price targets of a coin from fake influencers make them feel better about their investment. better not to listen to them and keep a own view of the market

This is what makes those newbies get greedy on their target profit. They are easily fooled by the influencer's hype saying that a coin will reach more than a dollar even if its current price has many zeros. They will just get angry if you educate them the reality that it's impossible for that coin to reach that price. It just gives bad image to all cryptocurrencies when those newbies lose a lot of money because of those influencers.