5 Crypto Investor Mistakes [Part 2] First part. ◈ Do not | Investor's sight: Stocks, Crypto, NFT

5 Crypto Investor Mistakes [Part 2]

First part.

◈ Do not follow trends

• Axie → STEPN
• DOGE → Shiba Inu
• ETH → Solana/Luna/Avalanche
• Cryptopunks → BAYC

The one who discovered the trend first earns the most.

◈ Do not follow microtrends

Microtrends change very often in the crypto market. It is important not to get hung up and not "fall in love" with a particular coin/niche.

If EOS is dead, then it is dead, don't touch it.

◈ Do not pay attention to "slippage"

When exchanging shieldcoins for DEX, very often you can overpay by 5-20% due to slippage.

Causes:
• low liquidity
• very volatile coin
• low volumes

On the DEX, slippage can be set manually. On Pancake the default is 0.5%. So if you pay $100 for token A, you will get $99.5 in token A.

◈ Ignore non-permanent losses

Intermittent losses occur when you farm 2 tokens in an LP pair, such as BNB-CAKE.

This knowledge has saved us thousands of dollars.

◈ Do not follow the market phase

The market is an organism that has periods of euphoria, accumulation and decline.

Main market sentiment indicators:
• time before halving
• alt season and BTC market share
• fear index
• capitalization of the crypto market.