Avoid 5 Biggest Mistake that Cryptocurrency Investors Make | Alt Season 2021

You should avoid these 5 biggest mistakes if you want to earn money from Cryptocurrency!

In this alt Season, lots of people are trying to make money in the crypto field, but practically a few people can do that! 

Do you know what is the reason behind this?

After reading this article you will get a clear reason why everyone doesn't make money from cryptocurrency. And also you learn how to earn a passive income through Bitcoin. I'm sure that after reading this article you will able to expand your portfolio.

Why Crypto Investors lose their savings on crypto? OR
Why every traders doesn't make money from bitcoin?

Why Crypto Investors lose their money
Why Crypto Investors lose their savings

Dear friends, there could be many reasons

  1. Lack of fundamental knowledge of cryptocurrency.
  2. Lack of patience.
  3. Emotional attachment on a particular coin.
  4. Entry in FOMO.
  5. Poor understanding of candlestick chart.
  6. Lack of decision making power.

Lack of fundamental knowledge of Cryptocurrencies.

All wish to be a billionaire like Elon Mask but they aren't ready to learn.

You know, money-making through cryptocurrency is very risky, thus this field is very profitable we have ever seen.

So if you want to achieve your dreams in this section, you should know the fundamental of a coin, an exchange or even crypto news.

What's the road map of the crypto project?

How strong their social community?

Is there any upcoming events that covering by the news.

Lack of patience

I know you are aware of all those fundamental and also you have invested in a good project, but it's not enough. If you have not patience then you will never win.

Emotional attachment on a particular coin.

This is the biggest mistake people do. And also, I did this mistake multiples time in my past. 

Usually, they invest all the savings in a particular coin, and they hope one day this coin will bullish but practically it does not happen. And finally they stuck, lose their hope and money.

Entry in FOMO

I'm sure that you have seen, suddenly a shit coin ( Small-cap Altcoin ) bullish and increased by 10X to 300X even 3000X within a few minutes, this is called FOMO.

In this situation, people think it will increase further. And if I don't invest, maybe I will miss this opportunity. Finally, they invest and lose their savings within seconds.

Lack of technical analysis or Poor knowledge of candlestick chart.

Candlestick chart is the most important things to analyse the market when comes to talk about either the share market or trading on cryptocurrency.

A  Candlestick chart shows us -

  • What's the potentiality of a market or coin and the current demand of a project. 
  • Daily opening and closing or even daily higher and lower position.
  • Previous history, how it performed in past. 

So, to expand your portfolio, you should know how a chart work.

Lack of Decision Making power.

Assume that you have all the ability but if you are unable to take action at the right time, you will never make a profit from cryptocurrency like Bitcoin and altcoins.

Most of the time we can analyse the market but we do not take action. To enhance decision-making power you can read some good books like Think and Grow Rich by Napoleon Hill.

For complete reading this article we offering a best reward to you.

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