PRIVATEUM GLOBAL

<p>Investing in crypto has become as easy as buying something online these days. One can buy lots of cryptocurrencies with their money using several websites and apps.</p><p>However, Investing in crypto is not an easy task.</p><p>A lot of research is required to invest in crypto, most of the time. Those new to the crypto market tend to make mistakes in their starting process, costing them a lot of money. An investor without a plan and knowledge might lose all his sums while investing in crypto.</p><p>Therefore, it is important to understand cryptocurrencies&#39; history, trends, and potential before boldly investing in them. This article is about the mistakes that <strong>new crypto investors</strong> make, from which you can learn and use the knowledge to further invest and earn through crypto.</p><p>Following are the common mistakes the new Investors make.</p><h2 id="header-0"><strong>1. Lacking basic crypto information</strong></h2><p>Basic crypto information means the information required to invest in any coin and the market&#39;s ups and downs volatility. When an investor lacks such knowledge, he might invest in the wrong coins with destructive potential. It might be true that a person might invest in some good coins by having good luck, but it is to be noted that only a person&#39;s luck never works in the crypto market.</p><p>Hence, one should have the crypto fundamentals to invest in cryptocurrencies.</p><h2 id="header-1"><strong>2. Ignoring charges per transaction</strong></h2><p>Almost all platforms that provide crypto trading have a system of charges per transaction, i.e., charges on buying or selling crypto. The charges are either governmental or app-based for their earnings. The charges are very small on most platforms and hence, unnoticeable.</p><p>Therefore, most newbies to crypto tend to ignore it, which greatly impacts their funding in the long run. It’s quite important first to know about the charges per transaction and reduce the transactions as much as possible.</p><h2 id="header-2"><strong>3. Panic Selling</strong></h2><p>The crypto market is volatile. The value of crypto keeps changing drastically every day, every hour. An investor must hold the crypto for some time after buying it as the market keeps fluctuating. Veteran investors know about the fluctuations and remain calm in the situations like these.</p><p>In contrast, the new investors sell their crypto after panicking at a loss when the price of the crypto drops. Any investor should avoid this, as the price returns to normal after some time in the market.</p><p>Moreover, investors are always looking for a cryptocurrency moving against the bear market. Such an example is <a href="https://www.privateum.com/pri-crypto-token/?utm_source&#61;CoinmarketCap&amp;utm_medium&#61;community-article&amp;utm_campaign&#61;mistakes-investors-make" rel="noopener noreferrer nofollow">Privateum (PRI) Token</a> because of the reason that when the price of BTC or ETH was decreasing during the second half of 2022, the price of Privateum Token was increasing in contrary. And there are also some others as well.</p><p>Or, for example, newbies see how big the fluctuation of the crypto chart is. </p><p>And in the 24 hours, not in the long run.</p><p>So it’s always better to analyze charts over a long period of time, starting from a 6-months period or even longer.</p><h2 id="header-3"><strong>4. Ignoring history and trends</strong></h2><p>The coins that the crypto investors invest in have a particular history and trends. It is essential to look at a coin&#39;s history and trends before investing in it. How crypto has performed in the past also reflects it.</p><p>So it should be considered before buying. The new investors tend to ignore such information about crypto before buying it and end up having the wrong or bad-performing cryptocurrencies in their portfolio.</p><h2 id="header-4"><strong>5. Taking tips from different influencers</strong></h2><p>People new to crypto tend to get their advice for investing in the market from influencers, as it is the shortest way to get information about crypto.</p><p>But, the <a href="https://gurusway.com/business/technology/guide-to-cryptocurrency-market/" rel="noopener noreferrer nofollow">cryptocurrency market</a> is volatile, and no one knows exactly what will happen in the crypto market.</p><p>If someone is interested in the market, they should do their research and then invest in it because it is their money that they are going to invest.</p><h2 id="header-5"><strong>6. Not following the news</strong></h2><p>Certain news about crypto and crypto owners can fluctuate the prices of Cryptocurrencies, and if someone is aware of it, they can take advantage of it.</p><p>For example, if the news of buying crypto in huge quantity by an active investor goes viral, then the crypto prices are bound to increase for some time. In such moments, one can get their share of the profit by investing in that particular cryptocurrency.</p><p>Therefore, keeping an eye on the latest news is important for a short-term crypto investor.</p><h2 id="header-6"><strong>7. Not initiating a stop loss setting</strong></h2><p>Most platforms and applications provide a system of stop loss in their websites and software. The <a href="https://wazirx.com/blog/what-is-stop-loss-in-crypto-trading/" rel="noopener noreferrer nofollow">stop-loss method</a> provides the functions of automatic selling of the bought crypto into the market if the prices of crypto fall to a certain point.</p><p>Having the system of stop loss at the active position in the market can save investors money to decrease crypto prices.</p><h2 id="header-7"><strong>8. Looking at the portfolio every day</strong></h2><p>Checking the portfolio will only make an investor panic due to the market&#39;s fluctuations.</p><p>Hence, buying and selling would occur repeatedly, and the investor might lose a lot of money. Crypto prices might increase in the long run, so the portfolio should not be checked regularly.</p><h2 id="header-8"><strong>9. Blindly investing without knowing the potential of the coin</strong></h2><p>It Is important to know about the potential of a coin before buying it. Most cryptocurrencies have a website, and you can learn about them there.</p><p>The new investors boldly invest in the coins, which seem to be in trend, and hence, they lose their money most of the time. So the potential of a coin must be checked before buying it.</p>

9 Crucial Mistakes New Crypto Investors Often Make

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