Connect with us


Most Common Beginner Mistakes of Cryptocurrency Trading?

silver and gold round coins

We’ll go over some of the most common mistakes you can find people have made in crypto news today. We hope that seeing others have made will allow you to avoid making them yourself and help with any crypto endeavors you may undertake.

  1. Investing more than you can afford to lose

It is important to remember that each investment carries risks and that even the most experienced investors will lose money sometimes. This is why you should not invest everything you can or more than you can afford to lose even if you are confident of profit, as that unnecessary risk will rarely pay off. Instead, invest what you can and either reap the benefits of a correct choice or if you make a mistake, it will be one that your wallet will be able to tank.

  1. Investing in low-value coins

Just because a coin’s price is low doesn’t mean it is a good investment. “But it can only go up” doesn’t hold up well as not only is that never true, but it is essential to carefully look into cheap coins as they could potentially be fraudulent. Investing in cheap coins is not always a bad idea, but it requires more research to make sure you are making a good choice.

  1. Fear Of Missing Out (FOMO)

FOMO occurs in the crypto world usually when a coin you have not purchased jumps in price and you feel the need to buy into it despite it possibly being a bad moment, or perhaps the need to sell a token at any sudden drop in price due to the fear of it dropping further and losing profit. Make a set of guidelines for yourself for trading and follow them. Do not let FOMO drag you into bad financial decisions.

  1. Seeing peak prices and selling

Experienced investors recommend not to sell immediately when a token rises in price as it is most of the time, not the max it will reach. For example, many sold BTC or ETH when it jumped several times in price and ended up being extremely disappointed with themselves when it jumped in price even more soon after. While this doesn’t mean that selling at a peak is always wrong, it is essential to reconsider and see if there is more growth, and the answer is often yes.

  1. Not gauging the situation on your own and only listening to others.

While it may seem ironic that a guide would tell you, “Make your own choices and don’t always listen to others,” it is essential to remember that your situation regarding crypto is yours alone. Only you can genuinely conclude the best financial decision you can make. Listening to experts is good, but don’t do so blindly. Try to understand why they recommend what they do to see if it is genuinely the best choice for you.


We hope that this guide helps you avoid some of the most common and dangerous mistakes people make when initially beginning to trade cryptocurrencies. While you will inevitably make mistakes, this guide will hopefully mean that those mistakes will be smaller ones and not something large and potentially hazardous.

Best of luck with all the crypto trading opportunities you take, and we hope you end up making big bucks with all of these tips and warnings in mind.

Jacob Maslow is a Columnist at Disrupt Magazine. Based in the Middle East, he specializes in Journalism. He is the founder and editor of several news sites including Legal Scoops and Streetwise Journal.

Advertisement defi

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

tezos and NFT tezos and NFT
NFT3 weeks ago

Beginners guide to NFTs: What are non-fungible tokens?

You have probably heard the word NFT hundreds of times so far. At first glance, you thought it only had...

Sports + Gaming2 months ago

What Motorcycles Are Good For Long Trips?

Motorcycles are all about freedom. But the question is: how often do we really go out there and enjoy the...

Executive Voice2 months ago

3 Ways Maternal Instincts Give Women In Leadership An Advantage

As the landscape of gender roles continues to be redefined, these 3 experts agree that their maternal instincts provide an...

Executive Voice3 months ago

The Queen of Title: How Powerplayer Rachel Luna is Disrupting the Title Industry Through a Modern Approach

Rachel Luna has made quite the name for herself within Texas’s title real estate business as the Title Queen and...

Executive Voice3 months ago

Nancy Almodovar: The Latina CEO Who is Disrupting the Status Quo of the Luxury Real Estate Market

It comes as no surprise that Nancy Almodovar, the CEO and founder of Nan and Company Properties, is one of...

Business3 months ago

How To Nurture Talent Within Your Business

Your business can only succeed with talented workers on the payroll. Luck and even strong economic conditions will only get...

NFT3 months ago

Solana’s value plummets below $98 due to a Wormhole Exploit

Many people thought blockchain technology was robust, secure, and virtually “unhackable.” However, the crypto world has faced several hacking incidents...

NFT4 months ago

Polly Kole, The Beauty With Gifted Hands Tycoon Of NFT Sculptures

In a society full of stereotypes, people clinging to appearance and disregarding one’s achievements is the magnificent Polly Kole stunning...

gold and black round emblem gold and black round emblem
Cryptocurrency5 months ago

Bitcoin’s Volatility Explained

Since cryptocurrency was introduced in 2009, it has become a very controversial subject for both critics and supporters. One of...

News5 months ago

Spider Man; No Way Home’, Crushes Box Office Estimates Generating A Mammoth $253 Million In North America.

After only 3 days in the cinemas, the latest and last Spidey outing disrupted the international market as the highest-grossing...


Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.