10 Painful Mistakes I've Been Through ( So You Don't Have to Make Them Again )

robot
Abstract generation in progress

Learn from my "scar", don't create more for yourself.

  1. Follow the green candle 🚀 I once bought BTC at 20,000 USD at the end of 2017... and then watched it drop straight down to 6,000 USD. 👉 FOMO ( fearing to miss the opportunity ) is the fastest killer of accounts. Lesson: Buy when the market is fearful, sell when the market is greedy.
  2. Holding garbage coins to 0 💼💀 I used to hold tightly to those "promising" altcoins until the project disappeared. 👉 Coins without real products and no development team will eventually disappear. Lesson: Don't love coins. If the project loses its foundation, you should also withdraw.
  3. No profit taking 💸🧻 My portfolio was once x15 in 2021... then it was only x2 because "I wanted more." 👉 Greed obscures reason. Lesson: Take profits at each stage. No one becomes poor by holding onto profits.
  4. All-in on a coin 🎯💥 I once went all-in on a "game-changing" token and just after 3 months it rug-pulled. 👉 Overconfidence leads to disaster. Lesson: Always diversify — DeFi, Layer 1, AI, RWA… to reduce risk.
  5. Bypass security safety 🔓😰 I lost 40% of my assets due to an exchange hack and phishing. 👉 The most painful thing is not losing money from trading, but being stolen from. Lesson: Use hardware wallets (Ledger, Trezor), enable 2FA, and absolutely do not click on strange links.
  6. Copy trade influencer 👤📉 I once followed a "Twitter master" and lost 70% in one month. 👉 They earn money from followers, not from trading. Lesson: Learn technical analysis, fundamentals, and build your own strategy. Always DYOR!
  7. No exit plan 🚪🌀 Every bull run season, I always think "hold a little longer"... and end up losing almost everything. 👉 No plan = let emotions take control. Lesson: Set price or percentage targets for gradual exit.
  8. Trade without stop-loss 📉💔 I used to trade on margin without managing risk, and I burned my account. 👉 Leverage is a double-edged sword. Lesson: Always set stop-loss, and risk <2% of the portfolio for each order.
  9. Ignore macro trends 🌍📉 In 2022, interest rates rose sharply but I still did not sell, and bore the consequences. 👉 Macroeconomics impacts crypto more than you think. Lesson: Monitor the Fed, inflation, global liquidity.
  10. Giving up too early 🏃‍♂️⛔ In 2015, I sold all my BTC at $300 because I thought the market was "dead." 👉 The greatest profit belongs to the patient. Lesson: Don't give up. Learn, adapt, and survive. Conclusion 💬 Successful people in crypto are not the smartest, but those who are the most resilient. The market is always changing. Learn, evolve, and grow with it. If you are still here, you are still very early. 🫡
SAI4.51%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)