1.You Don’t Know the Basics
If you’re beginning, you’re likely eager to trade. I get it, really. But don’t rush it. Take a little bit of time to develop a basic cryptocurrency trading strategy and to educate yourself.

Do you know the basics of blockchain technology and Bitcoin? Do you know what circulating vs total supply means? Do you understand what inflation is? Do you know about exchanges, wallets, private keys, and public keys?

If you can’t answer these basic questions, you’ll be in trouble quick enough. Take some time to prepare yourself, it’s essential. To learn the basics, navigate our website – there are tons of cool resources to get started.

2.You Don’t Take Action
Every day, potential investors miss out on cryptocurrency investing because they aren’t confident about how to get started. Even experienced investors miss on new tools or cryptocurrencies that could bring significant profits simply from not staying active.

Why? Because they’re afraid to make mistakes. The first step is taking action, so don’t hesitate to dive right in. Action will result in experience, and experience will result in better decision making. In fact, the experience is all about learning from the mistakes you make.

If you feel ready to make your first investment, then go for it. Even only $10, on any exchange you want, with any payment method you like.

You can’t imagine the difference a small step will make versus not taking action.

This is where your experience will start, and you will feel the highs and lows of investing – it’s a wild ride.

3.You Don’t Understand the Technology
continue reading; https://sakkemoto.com/2021/10/23/what-to-avoid-when-trading-crypto-part-one/