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RE: Some common mistakes which should be avoided while cryptocurrency trading
Great advice @hamzayousaf. What I want to add here is that just hodling all of your coins is also not a great idea. BTC has crossed $9000 four times. Those who just holded it, would have profited more, if they also traded some of their BTCs, as in sell at peaks and buy at dips. Some people say the best ratio is 80/20, that is, hodl 80% of your coins while trade with the rest 20%.
We heard about bitcoin's incredible bull run if we'd bought some a few years ago, we would be a lot richer. Well, it turns out some people did just that. Those who bet big on bitcoin in recent years are now getting more benefits.
It is accepted that crypto trading is confusing and intimidating, even measuring one's profit can be tricky but if we go according to a suitable strategy we can get benefits.