3 Mistakes Made by Crypto Newbies by arunava

india · @arunava · Oct 12 '17 (edited)

$11.26

3 Mistakes Made by Crypto Newbies

![image](https://img.esteem.ws/rpuyx7h83t.jpg)

We all have started from Zero when we started this Crypto Journey and almost all of us have made some Rookie Mistakes. I know I have made some. So here I am to talk about some Mistakes which is made by Crypto Newbies.

>By Newbies I mean people just coming in the Cryptocurrency World.

**Buying High And Selling Low**

This is one of the most commonly occuring mistake made by almost everyone unless you have absolute faith on Cryptocurrency. Basically you Buy a Cryptocurrency when it's on the climb and when you see that the Coin is falling low you Panic Sell.

That is a hard NO NO Situation. Why should you take a loss on your Investment. If you know this Cryptocurrency has good Tech then it will go back up eventually.

>What goes Down must Go back Up.

It is almost true for most of the Cryptocurrencies.

**Not Doing Your Own Research**

Yet this is another Foolish Mistake which we make at the Initial Stage when we Join in the Cryptocurrency Band Wagon. Almost 75% of us must have heard about Cryptocurrencies from any Popular Youtuber. Some people would just Blindly Dive in on any Cryptocurrency their favourite Youtuber Talks about. But it's important to do your own research as it's your Money you are going to Invest so you should do due Diligence before Investing.

**FUD (Fear Uncertainty Death)**

If you have started Investing in Cryptocurrency you need to stay away from FUD, as many people want to manipulate Markets by spreading Fear. When you are in fear you make bad Decisions which leads to your Loss.
<hr><hr>
These are the three mistakes all Cryptocurrency Guy should avoid. Personally I have been through two of the above Mistakes.

***I sold my StorjCoin when it was Dipping as I was scared I would lose My Capital.***

***And I Invested in Mooncoin thinking it might just increase a Bit without researching at all.***

All is good though from the above two losses I have learned a lot I still hold Ripple even though it Dipped a lot recently. I have planned to HODL Ripple till it hits 0.5 USD. That's my target after that I am Comfortable in selling it.

I hope this comes in some help to guys in the Steemit Community.

![image](https://img.esteem.ws/wnhbcn5ax5.jpg)

👍 ramta, bellyrub, booster, make-a-whale, buildawhale, arunava, dang007, royalmacro, razack-pulo, honeychum, bescouted, bunnychum, michaeldavid, swaraj, g-dubs, gamerveda, tattoodjay, mindfreak, kromosoom, sergey44, bycz, originalworks, thealliance, funnyman, guyfawkes4-20, minnowpond, mrwalt, vaibhavshah, indian-mom, mgibson, enginewitty, tech-trends, dobry, sumant, leohira123, drsupriya18, jznsamuel, homhai, looftee, hardikv, jimmyrai28, reported, nrajesh, indiantraveller, rahul.stan, varunsangwan, followforupvotes, wise-old-man
👎 cheetah

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@cheetah · Oct 12 '17

Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
To get off this list, please chat with us in the #steemitabuse-appeals channel in [steemit.chat](http://steemit.chat).

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@arunava · Oct 12 '17

@originalworks

👍 thealliance
👎 cheetah

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@originalworks · Oct 12 '17

originalworks

The @OriginalWorks bot has determined this post by @arunava to be original material and upvoted it! 
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To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message! 
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@thealliance · Oct 12 '17

This is how you get off the blacklist ;)

👍 enginewitty

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@minnowpond · Oct 12 '17

This post recieved an upvote from minnowpond.  If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond. 

        To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
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@followforupvotes · Oct 12 '17

As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!

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@wise-old-man · Oct 12 '17

RE: 3 Mistakes Made by Crypto Newbies

_**Fear of death makes us devoid both of valour and religion. For want of valour is want of religious faith.**_

 \- Mahatma Gandhi

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@gniksivart · Oct 12 '17

$0.04

Yeah if you can get past the FUD and FOMO I'd say you're doing better than 90% of the others.

👍 thealliance, enginewitty

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@arunava · Oct 12 '17

Yeah, these two are the enemies of a prospering Cryptocurrency.

👍 arunava
👎 cheetah

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@enginewitty · Oct 13 '17

Beware the FUD!!!!

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@arunava · Oct 13 '17

$0.05

I screwed up on StorjCoin due to FUD.

👍 arunava, enginewitty
👎 cheetah

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@tattoodjay · Oct 13 '17

Great post as one who is new and at this stage only invested in Steem this is very useful info

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@arunava · Oct 13 '17

If you believe in a particular Crypto and have done your research on it then Hold it until the End.

I am still holding some Cryptos no matter how low they go.

👍 arunava
👎 cheetah

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@tattoodjay · Oct 13 '17

Yes that’s true but with time I would like to diversify a bit
Have a great weekend

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1 reply

@booster · Oct 14 '17

<p>This post has received a 0.58 % upvote from @booster thanks to: @arunava.</p>

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@bellyrub · Oct 14 '17

<p>This wonderful post has received a bellyrub 2.86 % upvote from @bellyrub thanks to this cool cat: @arunava.
My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.</p>

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@buildawhale · Oct 14 '17

<p>This post has received a 1.39 % upvote from @buildawhale thanks to: @arunava.
Send at least 0.50 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.</p>

<center>https://steemitimages.com/DQmc5t6D8mQqFtQDK4yfhuLhQs7zTVJnnktcJEn4Mm2ArBu/baw_I-smallsize.gif</center>


<p>To support our curation initiative, please vote on my owner, @themarkymark, as a <a href="https://steemit.com/witness-category/@themarkymark/witness-themarkymark">Steem Witness</a></p>

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