8 common mistakes people continue to make in Bitcoin, Ethereum, Litecoin, and other Altcoins

Let's get straight into it, some of you may already know this but still bypass it.

1. They don't take storage of their coins seriously.
2. They leave their coins on exchanges
3. Buying into the hype and not doing their research
4. They don't follow industry leaders or keep up with updates
5. They cash out to early
6. Cryptocurrency is easy money, it requires no input
7. I don't need a job
8. Their belief in "Bitcoin & altcoin bubble" and "to the moon story"
   

Mistakes are apart of life and they should never define you as a person. I think its safe to say that we all wish we had bought Bitcoins at 3 cents but sadly most of us never knew it existed and those who knew were not convinced of the technology. At this moment we all appreciate the value of a Bitcoin, Ethereum, Litecoin, Ripple, Dash, etc and their value continue to rise with time. It is therefore imperative that we consider these 8 common mistakes because they can become detrimental.

I want to highlight two of these common mistakes that folks continue to make. They are #1 and #2 respectively. It's common sense that something that's valuable should be properly secured and if possible store portion in various location. This world is not full of virtuous people, the scammers would always be around and as value increase, their tools become more sophisticated. That's why having your private keys become of utmost importance. I would go as far as saying base on your holding invest in an offline hardware wallet. Be wary of mobile wallet where the privilege of having a private key is taken away from you, these wallets come and go with time but your deposits remain a mystery.

Exchanges, exchanges, exchanges, first of all let me say thank you to the developers of these exchanges that provide a platform where we can buy and sell coins of our choice. I really appreciate the service that is being offered but folks being naive that reputable exchanges can never go down could be your biggest lost in life. All of these exchanges initially start up with good intention but they are run by humans and humans at times can go rogue. There is no guarantee that your coins would be there, there is no one to complain to, that's why its important to remove your coins after you are done trading. These exchanges are under attack daily from hackers and scammers, most of them weren't built to accommodate the level of volume they are currently dealing with. Therefore I would advice you to keep up with the day to day news on these exchanges. Some troubling signs are lack of communication, frequent technical issues, management leaving without notice, difficulties among traders with withdrawals, massive incentives (giveaways) and lack of transparency.

Funny thing with life, history repeats itself, people continue to do without even examining what has happen before. People has lost massively in the past because of the mistakes noted above and people would continue to lose because they often neglect it thinking its not important. Make sure that you continue to examine your cryptocurrency experience and take all the necessary measure to secure the wealth you are currently building. If you are reading this, congratulation, you are one still very early to this cryptocurrency train and as I see things, quite a few coins would hit 100, others 1000, and who knows one of these coins may actually be worth more than a winning lottery ticket.

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