I've been in crypto for a while now, and I've made almost every mistake in the book.



Looking back, most of my losses came from bad habits I didn't even realize were bad at the time.

Here are the 10 crypto habits you NEED to avoid now

1. Ignoring Security
Don't have all your money on your browser wallet without a hardware wallet. Remember, you can easily click on a fake site, connect your wallet to that and just be accepting withdrawals without knowing.

Fix: keep majority of your funds on a cold hardware wallet and make sure you copy a fresh address every time you're sending even if it's to a frequent address

2. FOMO Buying
Buying after a coin already pumped crazy in a short time means you're buying the top. I've done this too many times.

If you want to buy something lazy, at least buy something that pumped and then pulled back, instead of buying the most green candle of the day

Fix: Wait for pullbacks or move on. There's always another opportunity.

3. Not Using Stop Losses
Holding losing trades hoping they'll come back rarely works. I've watched portfolios bleed -70% this way.

Fix: Set a stop loss before entering (10-15% max loss). Protect your capital.

4. Keeping Everything on Exchanges

Exchange hacks are real. I learned this the hard way.

Fix: Move crypto to a hardware wallet (Ledger/Trezor) or non-custodial wallet. Only keep what you're trading on exchanges.

5. Chasing Pumps, Ignoring Fundamentals

Buying coins just because they're pumping is gambling, not investing.

Fix: Focus on projects with real revenue and usage. Ask: "Would I hold this at -50%?" If not, skip it.

6. Over-Trading

Trading every day racks up indecision and exhaustion. My best gains came from holding, not constant trading.

Fix: Quality over quantity. Sometimes the best trade is doing nothing.

7. Going All-In on One Coin

Putting everything into one coin because you're "sure it'll moon" is a recipe for disaster.

Fix: Diversify. Max 10-20% per coin (unless it's BTC/ETH). Keep stables for opportunities.

8. Trusting Influencers Blindly

Following random Twitter shillers who are paid to promote coins burned me multiple times.

Fix: Do your own research. Verify everything yourself, even from credible sources.

9. Not Taking Profits

Watching your portfolio 10x then giving it all back in a crash hurts.

Fix: Take profits on the way up—even 10-20% at key levels. Secure wins.

10. Letting Emotions Control Decisions

Panic selling at bottoms, FOMO buying at tops, holding bags in denial—all emotion-driven mistakes.

Fix: Have a plan before you trade. Write down entry, stop loss, target. Stick to it.

Bottom Line:
Most crypto losses come from bad habits, not bad luck.

Avoid these 10 mistakes and you'll be ahead of 90% of traders.

##PENDLE $ETH
ETH-0,1%
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
RyoSaebavip
· 12-28 08:10
Hold on tight, we're about to take off🛫
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)