Investing in cryptocurrency and other digital assets has never been easier. Online brokers, controlled exchanges, and even decentralized exchanges allow investors to buy and sell tokens without going through a traditional financial institution and paying the heavy fees and commissions that come with it.
In this video made by Crypto Jargon, we'll look at 4 of the most common mistakes that cryptocurrency investors and traders make and how you may protect yourself from unnecessary losses.
FOMO Investing. FOMO following is when someone invests in a company immediately after its share value rises to 50%-60% in the market.
Not understanding the compounding effect. Compounding is a powerful tool used by long-term investors. Professional investors calculate the compounding profit in the fluctuation of the company's market value before investing.
Proper Risk Management. To understand the market, where to invest, how much to invest, invest less in volatile companies, invest more in a stable company, etc.
Ignoring the effects of inflation. Inflation is another powerful tool. If the inflation rate in your country is 7%-8% and you gained 5% from your investments, then you're at a loss in total.
Source: https://www.youtube.com/c/CryptoJargon/featured
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