Post
Topic
Board Nigeria (Naija)
Re: Avoid these crypto investment mistakes
by
sotelorene
on 06/05/2024, 09:25:46 UTC
Hello fam, please read closely e get one wise quote, way I like so much " a stitch in time saves nine" for this investment game no body know everything all at once , we are all Learners , and trust me, we go continue to dey learn and also dey adapt as long as say na this investment game. Normally e get some mistakes way we dey make as investors normally , nine make I say make I bring them to the table so we go fit educate ourselves  and also improve our investment skills. The first most common investment  mistake way most of us dey make na

•un-diversified portfolio:  this one just dey like putting all your eggs in 😂 one basket. Which means say anything way sup for that basket go affect all your eggs. So make we try to spread our investment across other reasonable assets.  then another major investment mistake na

 • timing the market: This one done really affect many people, way be say them no dey fit hold investment or wait for the right time to invest. This matter way I dey talk so , done make some people sell some kind assets way them suppose hold for maturity too early, and also make some people go buy too early, so make we just allow the market do em thing, because these big moves way we dey find , to be honest, e dey take time.
And then the last major mistake na

•In-adequate research: This one na to dey make investment decisions without proper research and strategy, one thing we suppose know na say we need to understand how this thing works, no be magic, we need to go into comprehensive research to get the best out of our investments.


You are absolutely right to an extent but un-diversified portfolio to me it's not something one ought to do everytime because I have seen a situation where someone wanted to invest in one coin but he later split the money and invest in some others coins so at the end of the day the initial coin he wanted to invest in skyrocket and the other ones dropped to nothing and he starting regretting why he didn't invest everything in that first coin but assuming the initial coin didn't well and the others skyrocket it would've been a wise choice for him so in summary, it doesn't really matter if we diversify or not rather hope/pray for the coin you invest in to do well.

Timing, this is mostly for traders I guess and sometimes we pull out in market not because of wrong Timing but because of pressing issues or challenges we encounter during the day and some people pull out in market even when they are on loss because how pressing the issue is.