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Tell Me Your Biggest Crypto Mistake In Crypto

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Nobody was born perfect in crypto, we all learnt crypto from reading stuff on the internet, except you had a crypto friend or family that was there to guide you. Aside that, we are humans, mistakes are part of the learning process, there must have been a time you wish to take decisions on your own to feel independent of always asking others for financial advise. It’s good to make mistakes because when you do, you learn from them.

source Crypto mistakes vary, it could be sending bitcoin to an Ethereum address wallet, or sending coin to the wrong network address. Some people might refer not buying bitcoin in 2010 or 2011 or buying bitcoin when it was $1 a crypto mistake. I’m here to tell you that even if you bought bitcoin for $1 by now you must have sold it when it got to $100. Just like the man that was regretting he sold his bitcoin at $3 when he could have waited to sell it at $15, but what’s the price of bitcoin today, over $50k.

I have made just few crypto mistakes in my few years in crypto. I remember the first time I FOMO on a coin, I can’t forget the name of the coin because that was my first crypto loss. Bytecoin is the name, it was doing numbers, spiking and giving 100-500% profit. I wanted to buy but I felt it would go down, I decided to wait and buy the dip. This experience was in 2018, while waiting for the coin to dip, I checked again, the profit increased to 600%. I decided to sleep hoping that when I wake up the next morning I would see a dip, I woke up the next morning and I saw 1,000% increase. I got angry and started regretting I didn’t buy when it was just on 500% profit, I decided it was time to buy. I deposited $200 into my Binance account. Then went all in and bought it for $200 hoping I will see my $200 turn to $400 the next day.

Few hours later the coin started dropping, I watched my $200 drop to $150, I felt it was just retracement and would pick up again. For better peace of mind I decided not to look at the coin. I didn’t check my Binance account for 4 days. I came back and saw that the coin had done -1000% meaning that the coin has dropped to something that seemed like a rug pull. I checked and saw my $200 turn to $5. All these happened in the space of one week.

I knew my journey in crypto is going to be great and worth it, so I considered it a lesson learnt, it helped me resist the urge of FOMO.

Some people are regretting selling their play to earns to buy shitcoins because they felt shitcoins were easier and faster ways of making cool profits. Now these shitcoins are tanking and play to earns are mooning.

You can comment your crypto mistakes here let’s see

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