As far as I can think, I believe FOMOing into an altcoin was the biggest mistake I made in my journey because it cost me a lot of money. I wasn't a complete newbie but I wasn't too experienced as well.

So one day when I was checking the market, I noticed that a coin within the gainers list has gone pretty high and it's still going, getting greedy seeing that, I FOMOed and made an entry, and guess what? The price started dropping significantly right after that.  

I waited too long for it to recover, but it didn't, and I knew it's not worth it anymore, so I sold them at a loss.

That is a nice thread, even tho I would say ( like many others before ) that you have to feel it on your own skin to really learn from the experience.

I think my biggest mistake was being "ignorant" when it comes to bitcoin and crypto in general. I've heard about BTC somewhere around 2015 I believe, and since I was always curious about it and wanted to know more, but never enough to dive deep in the world. Had this feeling before, but now it is even stronger: that if instead of getting my head wrapped about gambling with crypto's and trading , I could be really experienced but I just never really had a motivation except the financial aspect: which is very dumb out of me.

There would be more mistakes for sure but I feel like I am going to be eaten alive here

My first mistake in the crypto space was when I created my first wallet, and some Bitcoin were being sent to it, after many months when I wanted to send some to another wallet, that was when I realized that I've misplaced my passwords. It was because I casually created the wallet that I didn't remember the password, I saw where I wrote the seed phrase on a different paper, and when I imported the wallet, it kept telling me that I misspelled a word. I tried different combinations to change the words of the seed phrase, but it didn't work, so I got frustrated and abandoned it, my Bitcoin is still in that coinomi wallet till date. A big price to pay for my ignorance in my newbie days.

1. I did never hodl my coins in exchange for long unless I do trading.
2. Yeah recently this is what I doing and I have lost more or less $1,000 from shitcoins alone.
3. Here in my area few only knew what I did online especially crypto but I am not posting anything crypto related on my social media account.
4. Never did on this one instead I converted my Bitcoins to Altcoins and that's where I lost most of my money.
5. Yeah this is most common problem for some people because they are still interested in "get rich quick schemes" which I am not a fan of especially in crypto because I know the consequences already. .

Getting rich is the easy part, staying rich is much harder.
By rich I assume not having to work for the rest of your life, but different people - different thresholds and views on being "rich".

I think most of this people who will become "rich", who didn't invest into technology but in "the number goes up" - will lose it all (and then some) very quickly.

This can be observed with lottery winners, who end up poorer than they were before winning and many times with debt and jail time.

All because they spend a lot of money on things they can't afford to maintain, like big house, expensive car, taxes for all of it, etc.

So that's another thing to consider, I've seen it too many times with my own eyes how people lost everything due to failing businesses and not adjusting their life style to the amount they earn.

The truth is, there is no safe zone. You will always need to work for your money because money only works for you when you do the research and this is very hard work as there are many traps.

If you think you'll be able to forever do nothing because you have invested in Bitcoin, you will have a very hard landing to the reality.
(sorry for bad English - it's not my home language, I'm a bit busy and don't have time to correct myself.)

Just like the kid who has to touch the hot surface in the kitchen to finally learn it is hot and will not touch that surface again. But this is for the storing of the BTC in the exchanges.

If we are talking about people who trade all the time then having their BTC on the exchanges is very understandable. One mistake I did not learn from the start is not selling them all when the price hits overbought.

The biggest mistake is to rush. Even though I knew that the investment would reach the price I targeted, I was impatient when I first started investing. As I spent time in the market, I learned that the mistakes I made before became my experience. Of course, we cannot always make perfect choices when investing, but learning from our mistakes always takes us forward.

As we hear or read about mistakes made by others, we can be cautious not to make those mistakes. In the crypto market, new things can happen and experiences can be gained every day.

For me, the biggest stupidity I have ever faced is losing faith in bitcoin during difficult times. I knew about this market quite early for many people at that time when bitcoin was mostly seen as the scam of the century and most of it appeared with shady practices and was not as popular and accepted as it is now in.

I sold some of my bitcoin just to pay for partying, and now I find it worth it because I realize it's not too late to choose to trust bitcoins.

Remember one thing: you sell bitcoin when you think you have achieved some goal, but then you realize that if you don't sell it, it won't affect your life and you just keep it won.

My biggest mistake so far was, losing my private key.
I used that wallet to hold and track some of my savings/investment from from my salary, I want to separate my earnings in crypto to my actual investment/savings.
Luckily I knew that I lost access to that wallet, before sending out funds again.
And because of that incident, all of my private keys now have a back up copy.

During my sophomore year in the university, after learning little about crypto, without having any source of income aside the allowance i recieve from my parents, i quickly jumped into investing, thinking i might get to buy a ride before my final year. That choice led me into anxiety and depression for i thought it will come fast, after time spent in the crypto world, i realized that i need to have a job which i can use to fund my account, ever since then, i'm rather excited than anxious about the thought of the future.
Cryptocurrency is a secondary market where digital transactions are carried out, so therefore, to become successful in the crypto world, one have to have a primary market experience too, (i.e you need to partake in the three dimensional market too).