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RE: The #1 mistake most crypto traders make

in #bitcoin7 years ago

Enjoyed reading your post and it's very good advice,what a shock that was,the Chinese banning ICO's who would have guessed.I've also seen plenty of charts lately predicting massive gains and have been tempted to buy more coins than i could really afford,but i resisted lucky enough,Feel so sorry for people who bought at the top,especially new people buying for the first time,but you have to remember that there is always a danger that this will happen.Never get carried away with all the hype going around and don't buy what you can't afford to lose .Thanks for sharing.

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Thanks. I think hype is a big problem in the crypto space because for many the technology and what its capable of is not well understood so a slick marketing campaign can go a long way.

The old school investors are wary of getting involved in crypto and we have a lot of younger and inexperienced investors (a.k.a. retail investors) involved who are prone to getting caught up in the excitement. It's one of the big factors making cryptos so volatile.

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