Things To Avoid When Trading Crypto

There are many common mistakes new cryptocurrency investors make. The key points to avoid them are:

• Take time to learn the basics like blockchain, circulating supply, inflation, exchanges, wallets, keys etc. before investing. Don't rush in.
• Take action and start with a small investment to gain experience. Learn from mistakes.
• Understand the underlying blockchain technology, otherwise you'll make risky investments.
• Pay attention to fees, they can eat into your profits over time. Don't overtrade as that increases fees and tax liabilities.
• Only invest what you can afford to lose. Don't invest your life savings.
• Cryptocurrencies are not like company shares. They don't give ownership or dividends
• Don't chase cheap coins with low market cap. Look at market cap instead.