CRITICAL MISTAKES TO AVOID WHEN STARTING OUT YOUR CRYPTOCURRENCY JOURNEY

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The growth and popularity of cryptos has been massive over the years with so many people becoming aware of its importance and it's impact.of course Bitcoin is the pioneer of all cryptos which started it's life in 2008.after the creation of Bitcoin,so many countless coin that has also gain popularity has been created.but despite cryptos popularity,the world of cryptos can be very complicated if it is not we understood.the world as a whole is computer oriented and to get started with crypto which is has a lot to do with computer and finance,in this case having a knowledge of computer is necessary most especially when it comes to investing in cryptocurrencys.so as someone that is just starting out in the crypto world their are certain crucial mistakes you need to avoid In other not to fall victim of financial loss.so knowing this mistakes could make your crypto journey a smooth one.

NOT DOING YOUR RESEARCH BEFORE INVESTING
As starter in cryptocurrencys who wish to be an investor or has decided to invest in cryptocurrency,it is very important you make a very good research of the cryptocurrencys you are investing in.why this this is necessary is that it gives first hand information about that crypto you want to invest in.,this also helps you to have true knowledge of how the digital industry works.in addition you need to know how the Blockchain works as the mechanism that enable cryptocurrencys activities to be carried out on a daily basis.so now the amount of information you have about the cryptocurrencys and the Blockchain goes a long way in determining how long you will go in the cryptocurrencys world.inevstment opportunities are always in abundant in cryptocurrencys but knowing which is worth investing in is very important and the ones not go close to is very important.

NOT SETTING YOUR GOALS
This is one of the most serious mistake people that are just setting out in the cryptocurrencys world make.having a set of goals you want to achieve serves a guideline in your journey of cryptos.you need to ask yourself how you want to make and how much you want to put into investment or trading.now anothing is know when to pull out of a trade and take your profit.ask do you want to be a short term investor or a long term investor by having all of this in mind you will be able to formulate goals that are achievable.

ALWAYS TRY TO AVOID FEAR OF MISSING OPPORTUNITY (FOMO)
This is a very big killer in cryptocurrency work FOMO is fear of missing out.of course nobody wants to miss an opportunity but most of the time you really need to be calm az excitement can cause you some hassles that you are trying to avoid.if you invest in a popular project like bitcoin that is already doing well, investors that invested early are likely to to pull out after making enough profit and this can actually cause you to have to wait for a longer period of time realizing profit.so.in this process you can loose money while you are waiting.

NOT PROTECTING OR SECURING YOURSELF.
The chances of recovering any lost coin is always very slim.this is more reason why you need to protect yourself because the unregulated nature of crypto makes it somehow porous for someone to easily steal your cryptos and once you lost your coin recovering it is always very hard.crypto scammers are scattered around in the internet with so many ways of stealing peoples cryptos such as offering people insane offers and give away that they claim will double your cryptos instantly.many have actually fallen for this and it will be very important to secure yourself,keeping your private keys is also very important because ones any one has access to your private keys you are gone.the whole thing is that you just make sure you protect yourself in whatever way you can.



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