Getting into crypto is a bit like jumping on a high-speed train: if you don't know the destination (or how the brakes work), it can be a bumpy ride. Here are the 5 lessons I've learned the hard way:
1. The narrative is stronger than technology 🎭
At first, we look for the project with the best technology, the fastest transactions, the cleanest code. The reality? The market often doesn't care. What drives a token up is attention, hype, and storytelling. Learn to identify where the capital flow is going before looking at GitHub.
The "Buy the Dip" has its limits 📉
We are repeatedly told to buy when it drops. But if you buy every dip of a project whose fundamentals are dead, you are only financing the exit of others. Don't confuse a healthy correction with a shipwreck.
Your security is YOUR responsibility (really)
The slogan "Not your keys, not your coins" is not a suggestion, it's a law. Leaving your funds on an exchange is trusting a third party. A Ledger or a Trezor costs less than losing 100% of your capital during a hack or a bankruptcy.
The Bull Market makes everyone a "genius" 🚀
When everything is rising, everyone thinks they are an expert in trading. This is when the ego becomes dangerous. True skill is not measured by your gains during a pump, but by what you manage to keep when the market turns.
Taking profits is not a crime 💰
Seeing your portfolio show +300% is a drug. But a profit is only real when it is realized. Establish an exit strategy before entering a position. If you wait for the "absolute peak," you will likely end up serving as exit liquidity.
In summary: Crypto is a transfer of wealth from the impatient to the patient, and from the emotional to the disciplined.
And you, what is the lesson that cost you the most to learn? Share it in the comments so we can all avoid making the same mistake! 👇
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