You are viewing a single comment's thread from:
RE: Top 5 Noob Mistakes in Crypto!!
I think the number one mistake is going 100% all in on crypto (actually, 100% into anything is a horrible idea).
When I see some of your contemporaries on YouTube encouraging others to go all in I want to scream. This is highly, highly irresponsible advice.
Fair enough mate ! People (some Youtubers) just see their own interest, they make more on short term but are obviously loosing money on the long term...
Like I became rich holding bitcoin so you hold crypto if you want to get rich as well... Whereas the truth is marketcap is getting lower whereas projects are in constant progression. So obviously holding is not always the best solution..
Exactly! And the ones that say they're "all in" on crypto when you know they cash or real estate or other assets drive me insane. They encourage their followers who probably aren't as well off as they are to assume massive risks and when the market dips...things turn ugly, fast.