Crypto investing mistakes – we all try to avoid them, but they happen. Sometimes we get too bullish about a crypto asset, and other times we hold onto assets too long for bottoming out. Investors have lost over billions to these traps.
Let’s look at the biggest crypto investing mistakes and how to avoid them.
Buy at the top of the bull run
Investors are rushing through the doors and preparing to buy the crypto asset at the top of the bull run. Sometimes these races last for months. However, bull runs are not the best times to invest in crypto.
Think about it. Every altcoin undergoes a massive self-correction as soon as it hits the top of the bull run. And if history is any indication, self-corrections drive the price of the token down to a level that breaks past their support and finds newer, lower support.
Buying early is everything. Don’t wait for the bull run to reach the top. As soon as you get an indication that the price is about to rise, buy the crypto asset.
An even better solution is to buy cryptos during presale events. These public sale events give you the first mover advantage, and when the token is listed on a popular crypto exchange like Coinbase or Binance, you can make high percentage gains.
Here’s an investment tip for you: Battle Infinity is currently on presale. The IBAT token sale has crossed the low cap threshold in a week and has raised $1.15 million so far. So if you’re looking to get that first-mover advantage, this presale is the train you want to hop on right now.
Bag holding all the way downtrend
This is something we have seen a lot in the bear market. People are just waiting for the bottom to hit. While buying the dip is a great strategy, saving the bag until the end of days is not. Many crypto assets formed a wedge pattern, signaling a breakout.
But even then, investors are holding onto their assets – waiting to extract that extra ounce of profit from their cryptocurrencies. The truth is that the bottom of the crypto market only exists for a few seconds. We have seen many tokens that bottomed out in 2022 and then rebounded strongly. It all happened in seconds. And sometimes the funds are so bad that the token becomes worthless.
Don’t wait too long until the downtrend. Find ways that don’t require you to wait to make gains.
So what’s the answer? It’s a pre-sale. Cryptocurrencies like Battle Infinity are going through one. Obtaining it will give you the advantage of being a precursor. Additionally, arriving early will help you track the roadmap and know exactly when the token can make the most gains.
Buy with leverage during the bear market
One of the most rewarding and risky ways to make money from crypto is trading with leverage. While it’s nice to be tempted to borrow funds from a cryptocurrency exchange and use them as leverage, your profits won’t be maximized, especially in a bear market where volatility hits more red candles. than green.
The solution lies in buying early. For one thing, you won’t be tempted to get rich quick through leverage, which is a slippery slope. When you trade in crypto, you need to be part of a community – which makes you capable of far more growth than what you can earn by selling and exiting. Second, having a frontrunner advantage means not dealing with volatility.
Check out the Battle Infinity presale. With one BNB, you can get 1,66,666.66 IBAT. The token use case has the edge you need that far exceeds the gains you can get from trading with leverage.
Not planning before investing
The crypto market is fast. It’s fast and more akin to the Wild West than traditional commerce. Historically, it has achieved unprecedented gains that sometimes exceed 3400x. However, it also caused casualties – think LUNA before Terra crashed.
The reason for these losses is the lack of proper planning and research. You need to know how much risk you can take and how long you need to hold out. This is why it is better to invest in a crypto asset before it lands on cryptocurrency exchanges.
The starting value of any crypto is lower and pumps must occur during the registration process. Therefore, keep a close eye on crypto presales to find crypto investments you can jump into early.
FOMO: Fear of missing out on a bull run
When the crypto asset rides the wave of the crypto market, reaching highs, a feeling wells up in a novice investor: What if I miss this opportunity? What if it’s the right time to invest in crypto? FOMO, or fear of missing out, is the number one reason many losing money after the bull run.
Don’t give in to FOMO. Watch the market. If you see a token going up, wait for the correction, then wait a bit longer. Many altcoins go through several stages of retracements, especially those that have nothing but marketing hype to support them.
How to Avoid Crypto Investing Mistakes? By getting in early and researching before you spend your hard-earned cash. Take advantage of worthwhile crypto projects that go through the crowdsale. Plan your investments and don’t be afraid of missing out.
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