Have you ever jumped into a trade only to realize you've simply blown your money away? This is understandable.
Crypto trading is, in fact, very unpredictable! Traders, on the other hand, frequently lose money owing to their own mistakes without even realizing it.
Even an honest mistake is not forgiven in the crypto market.
If you repeat this mantra, you will not only be able to understand these crypto trading faults, but you will also be able to avoid making the same mistakes as other beginners.
Before we get into the meat of the matter, there's one more thing you should know:
You may never return to crypto trading if you make a lot of blunders in a short period of time (unaware trading). In crypto trading and investment, fortunes have been gained and fortunes have been lost.
Here are more than 50 common beginner mistakes that can be avoided! If you're just starting off, you're probably eager to trade. Really, I get it.
Are you familiar with the fundamentals of blockchain technology and Bitcoin? Do you understand the concept of circulating vs total supply? Do you have a good understanding of what inflation is? Are you familiar with the terms "exchanges," "wallets," "private keys," and "public keys"?
You'll be in serious danger if you can't answer these simple questions. It's critical that you take some time to prepare yourself as you journey into the world of Cryptocurrency.
