Some of our major mistakes in the crypto market!

It is highly doubtful that the current state of the market has ever been created like this before. Especially now altcoins have fallen so much that it is doubtful whether such coins have fallen so low before. So everyone is disappointed to see such a chaotic situation at present. But we are also very much responsible because our wrong investment plan is the most responsible for it. Honestly we who invest our investment plan is wrong. One thing we all know is that the crypto market is very risky. We enter the market knowing this but still we face the biggest losses due to some of our wrong decisions like short trading and buying junk coins. Let's try to identify the mistakes we make.

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First we pick some coins that actually have no fundamental basis. To be honest, I myself have made such mistakes. Although they created a good amount of hype in the market. But such coins are very risky. But if you can buy good coins for long time you will get good returns. Our first mistake is when we select a coin, we select the wrong coins and invest in crap coins due to which these coins hurt us the most.

The second mistake we make is trading futures. To be honest these types of futures trades are profitable but they are very risky. At present we see that the market has become volatile with daily liquidation. Knowing this unstable market, we always greedily trade futures. But if we can avoid them then we can be somewhat risk free. So I think we should avoid them. Although we are still addicted to them.

Another major mistake we make is when we invest in any coin, we invest all in one coin without proper planning. Which is one of our mistakes. But if you invest all your dollars in one coin, if the market is bad or if that coin crashes for some reason, then we lose a lot.

Another mistake we make is that we get greedy and invest mostly in Meme coins. But we should invest very less amount in such meme coins. But we invest more in these meme coins. So they are the main cause of our loss. Another common mistake we make is that we don't analyze the judgment ourselves. Rather, we invest in some coins by listening to YouTubers. So we should avoid these mistakes and another one of our most important mistakes is that we don't want to use stop loss in any coin. As a result it becomes another cause of loss for us. So if we invest considering a few things then hopefully there will be no big loss from here but we will be able to come out with some profit from here.