2022-03-28 19:03:00
5 crypto investor mistakes #Fundamentals
Learn from mistakes. But in crypto they can be very painful and expensive. It is better to learn from the mistakes of others:
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Trying to find "insider"If information about the coin is public, then it is already included in the price. You are at the end of the food chain:
Developers - VC funds - whales - influencers - you.
So do not run to buy a coin, because on YouTube they said about "insider". Always do your analysis.
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Ignore the purchase price of fundsVenture capitals buy tokens at prices 10-100 times cheaper than you. Always look at what prices the funds were taken when they start unlocking coins.
This information can be easily viewed on DropsTab by selecting a coin and going to the Fundrasing section. For example, the funds bought the SOL coin at $0.25.
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Chase 25,000% APRHigh % are very attractive and blow your mind. But this is a trap. The higher the %, the higher the risks. And also the greater the emission of the token in which you are paid%. This means that the token is depreciating at a rate of 25,000% per year. Do you need such investments?
Often, 19.5% APR in stablecoins is much more profitable than trying to catch wild returns and eventually go bust.
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Buy "unnecessary" tokensSome clean water projects are a Ponzi scheme. Always study the value of the token or who is behind the project. Research project history and pricing to understand where you are and whether the project estimate matches the product. Is there a product at all?
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Do not take profitsThis was mentioned in a previous post. But let's repeat once again: take profits according to a strategy or according to a pre-prepared scenario.
Turn off the emotions [fear and greed] and follow the trading plan.
And keep in mind: money in the market is money in the market. Your money is what you managed to withdraw from the market and spend.
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