5 Things to Avoid Daily in Crypto

5 Things to Avoid Daily in Crypto

1⃣ Do Not Invest in a Project Immediately Even If the Risk/Reward Ratio is High
Conduct your own thorough research and spend enough time gathering information about the project. This is essential to understand whether the project is worth your money.

2⃣ Do Not Evaluate Your Results on a Daily Basis
Always assess your successes and performance in a larger picture (monthly, yearly). Focusing on short-term fluctuations can make it difficult to develop a healthy perspective.

3⃣ Do Not Get Emotionally Attached to Your Investments
If your reasons for investing have changed, it is time to reassess your investment. Stay rational and objective.

4⃣ Do Not Underestimate the Market’s Reaction to News
When news affects the price, market participants often focus on the validity of the news. Most of the time, the reality of the headline becomes irrelevant. Carefully monitor the impact of news on the market.

5⃣ Do Not Count Your Chickens Before They Hatch
Do not assume returns on your investment are guaranteed before they are realized. Acting on unrealized gains can lead to losses.

By keeping these principles in mind, you can make more informed and cautious crypto investments.