Post
Topic
Board Bitcoin Discussion
Re: Share your top mistakes in crypto - learning from others experiences!
by
LogitechMouse
on 14/05/2024, 19:51:28 UTC
Share your top 1-5x most important mistakes you made during your journey in crypto that you won't make again and have brought you closer to success. I think we can learn a lot from the mistakes made by others.
I don't have top 1-5 in my years in crypto space, but I only did a big mistake twice in my whole journey.

1. Don't get FOMOed. I can still remember the time when I got FOMOed in a token just because they made a partnership with a famous company. I bought that token even though it's on the top already because I expected that it will go even higher. To cut the story short, it didn't go higher and by the time I bought it, it went down a few minutes after causing me to lose more than half of my initial capital.

2. If you have an opportunity to sell, do it whatever happens. This isn't applicable to all because I believe that there are some out there who follows their plan of holding their coins for more than 5 years or even longer. As for me, I believe that the best time to sell your tokens is during the bull run as prices of coins go up at that time. I made this mistake during the 2021 bull run when I didn't sell my tokens when there's an opportunity. Now if we enter the bull run, I will sell all of my tokens.