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According toForbes Magazine, only 13% of surveyed crypto investors have said theyve broke even.
This begs the question: What mistakes arestopping crypto investors from getting rich?
Investing Emotionally
A problem that cryptocurrency faces as a new, oftentimes sensationalized investment opportunity is being overhyped.
Novice crypto investors may invest when prices surge and certain currencies trend.
Factors such as celebrity endorsements or news coverage may lead to the act of investing emotionally.
Often, crypto investors are fixated on their own expectations and goals for themselves.
The market has no regard forpersonal objectives and functionsbased on its own logic, Krupka said.
By staying up to date on market trends, crypto investors are diminishing their chances of making costly mistakes.
Cryptocurrency investment is all about learning and planning to achieve the best results, Krupka said.
By doing their due diligence, crypto investors can work to make informed investment decisions and potentially become rich.
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