The White House is putting the cryptocurrency in the spotlight with the plans for a Trump Crypto reserve, a cryptocurrency summit of March 7 and the bases for large new regulations.

Now it is the perfect time to break down the greatest beginners that the beginners of the cryptocurrencies are beginners. If I had had this type of guide at the beginning, it would have saved me a world of frustration and probably a lot of money.

So let’s dive into three other mistakes that you should avoid at all costs.

1. Trump Crypto Reserve: avoid the purchases of Fomo

The purchase of a digital resource due to the fear of losing (FOME) highlights a common mistake: the purchase based on emotion.

Did panic sold the dip? Emotional trading.

The panic purchased the RIP? Emotional trading.

Now, there is nothing wrong with buying in Fomo before a pump resource, but in general you should not pay in excess for a resource. The drops will come, be grateful for them.

2. Over thinking

We are not saying we don’t think about it, you always do your search (Dyor). What we are saying is not thinking about it too much.

Often people go out, they sell panic or never go up to the waters. The “What If’s” is not as important as what it is.

Another example of simply exaggeration is too trading. Since this is a relentless market, it is very easy to buy, sell and return constantly.

Sometimes, you just have to sit on your hands and let the winners win.

3. Having a mentality “becomes rich”

It is not impossible to become rich quickly. A Shiba-Inu developer has transformed $ 8,000 into $ 5 billion, yes billions. It is like the greatest trade in economic history. Even better, everything is verifiable for the public master book. *finger guns*

Yet the chances are that something like that will no longer happen.

It is too easy to stay wrapped in a shit that loses all its value in a second. This is what we call “carpet pull”. So even if you invest in memes or low market capitalization coins, make your research first.

Final thought (prepared for Trump Crypto Reserve)

I hope these are three errors that you can avoid on your encryption trip. Learn from your mistakes; Don’t dwell on them.

As Satoshi Nakamoto once said the creator of Bitcoin: “The main problem with the conventional currency is all the trust necessary to make it work. The Central Bank must be trusted not to debade the currency, but the history of Fiat currencies is full of violations of this trust. “

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