It is normal to make mistakes for learn and it is abnormal who doesn't make mistakes. New crypto investors will make mistakes and learn from them. I too faced some mistakes after joining the cryptocurrency space and later learned. My first mistake was that I thought too long about which coin I would select. My mistake here is that all coins are not Bitcoin. Holding all the coins won't get me to my target. Again after investing from a coin I made more than expected from there which was another big mistake. These types of mistakes are not made by any specific person but almost common. However, with the gradual increase in crypto related knowledge, those mistakes have been resolved.

In my crypto journey, i think that future trading is my biggest mistake. Since this market is highly manipulated, even if we do the trading analysis and take trades, they can go against us. Spot trading is easy as you can hold your trades even if they go in the opposite direction but you will be liquidated in future trading.

Since future trading is tempting, I lost a lot of money by taking high leverages and other such stuff. Now I realize my mistakes only limit myself to investments and only spot trading.


Yes, this is another mistake which i also made in my initial crypto journey where I gave preference to altcoins over bitcoins. Over time i realized that we need to focus on BitcoinBTC and majority of our tradinginvestments should be in bitcoins.

I have made many mistakes but there are some that I still remembered most and the first one is selling Bitcoin I once bought even before coming here. It was during before corona, I bought ₦30k in Naira worth of Bitcoin, it was with money I don't need at that time but it was a lot for me until one guy introduce me to airdrop and when I made $11, I sold my Bitcoin because I think I have arrived, I have had a way to be making dollar instead of holding my Bitcoin and the market went hard and I couldn't make anything out of that run and Bitcoin has refuse to touch that lows again.

The airdrop frustration made me to do some bounties but I later realized it doesn't worth it and I just quit them and I start paying attention to the forum and after I ranked up, I started signature and I have some Bitcoin but the golden opportunity like then is no longer here again, I mean $6k is now a good bye but hopefully we might have another good ride so I can forget that past mistake.

For me, the only top mistake I will not forget is exchanging my Bitcoins for altcoins when I was new to Bitcoin, that's my biggest mistake, I was lured to altcoins before when I should've just held Bitcoin, and I already learned my lesson, I will not do it again.

Hmm, that's a nice one, OP!
I would love to take part in this discussion.
 
My mistake in the Cryptocurrency space is a lot but I will discuss some of them which don't have to be ignored. One of my biggest mistakes in the cryptocurrency space is making an aim through the plan. Meaning, entry on the right or exit at the right times, which I say that I have to lose more because of this point that I become lurid in the bull run and say that it will rise even more. It doesn't surge anymore and after that it crashes to the bottom and I have lost a lot due to this weakness of mine as an ex-bull run. Earlier, when I used to take entry, its price used to increase in bull run, I thought that now it would rise even more, but the price used to fall from ATH, After that I thought that I should hold, that is, for the long term, but unfortunately it bottomed. used to crash, and at that time I used to get scared and sell this coin at a very low price.
 
It means to clarify the mistake I have made so that no one else can make the same mistake. It is important to exit at the right time in a bull run, otherwise, my experience is that you can only lose if you become lurid and can't get the exit at the right time.

There are many mistakes that we make when we first get to know crypto and that happens naturally because we are still in the early stages of being here. Generally, we make almost the same mistake of storing coins or bitcoins on a centralized exchange so we don't care about the level of security of the assets we own. Buying meme coins just to expect huge profits and in reality it will end up losing value and we get nothing from the purchase.

Furthermore we do not have the ability to analyze bitcoin and more often than not use unqualified predictions about its journey. In the end we learn from mistakes and try to provide knowledge for maturity in thinking and I'm sure most of us made the same mistakes at the start.

Trading my Bitcoin during bearish season to solve some school issues, it has make me to lose a lot of income in my crypto journey until i decided to create more source of income after graduating from school, and is helping me not to trade during the bearish season than to wait for bullish season before I can trade to make a passive income. Second mistakes is that I don't use to write down all my seeds phrase among my other documents at home, than to save them in my phone which I misplaced it inside the commercial car some years back, and I couldn't have access to my little coins that was inside the wallets. I think, you can learn from my mistakes not to trade during bearish season, because it will not allow you to make a huge amount of income, and don't store your seeds phrase inside your phone so that you will not experience those mistakes I made in the past.

I made similar mistakes too, I bought some altcoins years ago believing that they would be the next Bitcoin and they failed, maybe 2 out of 10 did very well, I could have made a lot more if I bought Bitcoin instead.

Later I found out that the problem was me, I couldn't tell the difference which coin are better for my money, so I ended up picking many bad projects, but instead of walking away I startesd learning how, today i have somw Bitcoin and lots of altcoins too, i am now better at picking them.

Bitcoin is the best investment for newbies because there isn't a lot to learn about Bitcoin, all a newbie needs is a trusted Bitcoin wallet and the right place to buy the Bitcoin, it won't take very long for newbies to decide if they are going to own Bitcoin or not, it is less complicated to understand, but it is not the same with altcoins.

I have many regrets/mistakes in the crypto sector even though I have had many satisfactions...
the first, I sold a coin too soon. the second, I sold a coin too late.
It's really hard sell on the right moment... it's like toss a coin.

not having understood the importance of bitcoin when I started many years ago is also another mistake. but it was not easy at all, I can't blame too much my self

I didn't listen to forum member ribuck in 2010 and invested in shitcoins instead of becoming a Bitcoin maximalist.

https://bt.irlbtc.com/view/1647.msg20646#msg20646

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