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[00:02] really want to make money in cryptocurrency, in this video I'll tell you about the five main mistakes in crypto, how to avoid them and not lose them. And to definitely make money in 2024, this video will be like a guide to mistakes in crypto that will help both

[00:16] beginners and experienced users. You are on the channel found Nation, let's are on the channel found Nation, let's go. The first mistake is don't buy with a brush. has no fundamental value and utility. As a rule, it is very

[00:29] utility. As a rule, it is very volatile some crypto enthusiast. I would generally not recommend getting into this niche,

[00:41] since it is easier to lose your hard-earned money than to earn it. Yes, there have been many stories of change on Pepe, dogecoins, and similar boards. But all these good stories are actually just the tip of the iceberg, since many people also lost on these coins.

[00:55] If someone made money on them, most often, if you are a beginner, then most likely you will not enter Bitcoin at a good price and someone will simply make money on you. Another reason why you shouldn't immediately jump into the shield is the small part of your

[01:08] deposit that you're willing to lose. Don't trust those who promise you mountains of wealth for investing in brushes. Remember that crypto is not easy and not fast, and anyone who says otherwise either wants to profit from you or is a victim of chance, because,

[01:21] as the sage said, in crypto, the one who wins is the one who works for the long term. The second mistake is not wasting your time on secondary activities. Nowadays, there are already trillions of crypto startups on the market that are sawing monotonous nonsense and

[01:34] collecting fools with suimono. There's no time to do a ton of useless activities. Among all this slag, you need to learn to find real gem projects whose activities have found good investments, making a promising

[01:47] product that will really have application. At first, it will be difficult for a beginner to decide which niche in crypto is best for him. I recommend that you don't scatter yourself across all activities and projects. But concentrate on

[01:59] develop in it. For example, if it's Ambassador programs, then do Ambassador in several interesting projects. If this is Retro drops also choose only the most promising ones. Realize that in crypto, time is the same

[02:13] investment as money. If you waste your time on a useless asset, it will not bring you anything, but this raises the question. How do you find those very promising activities and projects? After all, there is

[02:31] all activities according to the following principle. When choosing a project, you should look at its investments. From which funds they were made and with what amounts. Which influencers are behind this project? What problems does the project solve and can its idea find

[02:44] real application? Without experience in crypto and due attention, it will certainly be difficult to as an option, you can go and subscribe to my Telegram channel, where subscribe to my Telegram channel, where

[02:58] guides. This is a free resource where I publish interesting activities in the world of crypto daily. I am sure that it will help you. Remember also that in addition to the fact that you must find an interesting project, you yourself must be as useful to it as possible. The

[03:11] must be as useful to it as possible. The main rule is a contributor, areas that you Choose and then you will definitely be lucky. The third mistake is not to

[03:25] get into trading without knowledge. Trading is one of the most difficult areas in crypto and without the proper level of knowledge and preparation, trying to trade, especially with leverage, is not the best idea. What would I wish for beginners who are

[03:38] coming to the market? For beginners, do not get into futures. This is my main advice. This area really requires a lot of preparation and knowledge. But if you still decide to take up trading, I recommend remembering the

[03:51] following rules: first, follow risk management; second, learn to think first and then act; third, have a large deposit; without a large deposit, you will not earn anything in trading; and fourth, do not rush to sell and buy.

[04:05] Remember, a loss only appears when you record many cases when the asset returns the price, because the crypto market is very volatile; you can simply buy an asset at an inflated price due to your inexperience, but as they say, you

[04:18] bought on haha ​​and rode on X. The fourth mistake is not to trust everything in a row. The fourth error essentially follows from the second error: you waste time on trust unreliable sources of information. Of course, I could

[04:33] talk about my Telegram again, but here I will say that crypto is a very harsh thing. There are no friends in crypto and even the person with whom you perform side-by-side. Crypto activities can let you down at any moment, so carefully check

[04:46] any information. Even the one I am telling you now and under no circumstances give money to people you do not know personally. In general, distrust any information you find on the Internet and try to thoroughly

[04:58] verify its correctness or incorrectness before the final decision. Do not respond to messages from strangers and do not believe in airdrops and quick money that they write to you from the camera in Discord or Telegram. And of course, do not

[05:10] general, follow any links that you are not sure of. Here, as a result of the fourth error, the fifth error does not arise. Do n't neglect security in crypto these days. There are a n't neglect security in crypto these days. There are a

[05:24] steal your money, time, and personal information in various ways. Here I'll highlight a few crypto security tips to follow. First, don't connect your wallet to third-party sites and always be careful what you

[05:36] sign. I've repeatedly encountered phishing sites that parse your wallet and steal all your funds. Ideally, don't store a lot of funds in the wallet you use for activities or connect to DBC,

[05:48] as even time-tested resources can hack and steal your crypto. Remember even the recent case when Galaxy was hacked. The second rule: write down your set phrases in a separate notebook. When creating a wallet, you'll see its

[06:00] set phrases or private key, which you can use to log in. I don't think it's worth explaining that if this data ends up in someone else's hands, they'll be able to log in to your wallet. Inexperienced users often don't

[06:12] worry about security. wallet data and simply save it on their computer in a document or take a photo with a phone and don't tell me you didn't do that. There are also those who don't save it at all. All this data

[06:24] devices can be stolen. You can simply launch some left-wing X from which all private wallets will then be stolen from your computer. Therefore, when creating new wallets, keep a paper notebook with you where you write down all your

[06:37] access keys and seed phrases. This will definitely protect you from wallet theft. The third piece of advice is not to log in to your accounts on unauthorized resources. Often, third-party resources ask you to log in to them through Discord, Telegram, Twitter,

[06:50] or a Google account. If this resource is not reliable, attackers can take over their own purposes. For example, you have been knocking out roles on Discord for a long time for the Ambassador project, inadvertently went to a wrong site and connected your account to it. Your

[07:04] Discord was stolen and you lost your role, as a result, the last I've been working for a year in vain on this connect your main accounts to unreliable resources, and also set up two-factor authentication on all accounts to protect yourself.

[07:18] The fourth piece of advice: don't put your eggs in one basket. Diversification is the distribution of capital between different asset groups in order to minimize risks. Never keep money on one exchange, in one wallet, or in

[07:32] one exchange, in one wallet, or in one asset. Ambassador programs, Internets, or retro drops. Randomness reigns in the script, and you can never be sure of the outcome of a particular event.

[07:47] Your task here is to increase the chance of receiving a reward and minimize the risk of loss. Diversification will help you with this very well.

[08:01] you are. I hope this video was useful. Subscribe to my channel and like it if this information was relevant to you. And you were on the Found And you were on the Found Nation channel. See you soon.