This is why you are not making money in crypto 🤯

Even though the market is hot, it seems like everyone is making money in crypto. But every time you buy, the price seems to drop.

Below are the reasons: Lack of knowledge:

Cryptocurrencies are a complex and dynamic market and it is crucial to know what you are doing. Understand technology, market trends, and other factors that can affect a coin's price.

Emotional trading: Many people make the mistake of letting emotions drive their investment decisions. Fear, greed and FOMO (fear of missing out) can lead to poor choices and losses.

Not having a strategy: This includes setting clear goals, managing risks and MAKING PROFITS.

Buying into the hype: It's easy to get carried away by the hype surrounding a specific coin or project, but it's important to do your own research and make informed decisions. Typically, where there is exaggeration, there is a drop in prices.

Lack of diversification: As with any investment, it is important to diversify your portfolio to minimize risk. Investing in a single coin or project can be risky and it is better to spread it across multiple coins.

Not following the news: The crypto market is constantly evolving and it is important to stay up to date with the latest news to make informed decisions.

In conclusion, it's important to take a step back and evaluate your approach. By taking a few chances, you can substantially increase your chances of making money in crypto.

Disclaimer: includes third party opinions. This is not financial advice. Check the Terms and Conditions.

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