The biggest mistake newbies make in crypto

Most newbies enter the cryptocurrency market with great emotion and enthusiasm 🚀, but they always make the same mistake: buying at the peaks and selling at the troughs.

🔹 How does this error occur?
When prices suddenly rise and everyone starts talking about the upswing, the newbie rushes to buy at high levels out of fear of missing the opportunity (FOMO). Then, with the first strong drop, fear takes over and they hastily sell at a loss. The result: instead of making a profit, they lose a significant portion of their capital.

🔹 The correct avoidance method:
1️⃣ Set an investment plan in advance: Know when and where you will buy and when you will sell, and do not change your decisions based on news or feelings of fear and greed.
2️⃣ Use dollar-cost averaging (DCA): Instead of entering with a large amount at once, spread your investment over different periods to reduce the impact of volatility.
3️⃣ Learn patience and discipline: The market is always full of noise, but success comes to those who know how to wait for opportunities and invest with a cool head.

📌 Summary:
The biggest mistake for newbies is investing with emotion. The right way to avoid it is to have a clear plan + gradual buying + long-term patience.

#Will Crypto Market Break Out in September? #Gate Initial Listing WLFI #Are You Bullish or Bearish Today? #XRP
##ETH