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The deadly Sins of Crypto

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by COINS NEWS 91 Views

You all probably know the 7 deadly sins of the bible, these can be portrayed to your crypto journey aswell

At first we got gluttony.

"Don't lay all your eggs in the same basket", only because one project gave you great results, you shouldnt invest 100% of your portfolio into it, trust your other investments and diversify your portfolio.

Lust

Don't try to chase big wins with leverage trading, it might be a nice "high" to get such huge wins, but you are going to regret it as soon as you get liquidated.

Anger

Don't ever lose your mental or physical health for a loss. Its only a real loss if you sell, and even then you have learned something important.

Sloth

A 5 minute youtube video or newsletter by an influencer isnt enough information, and most of the time they aren't trustworthy. Always do your own research.

Greed

Ah good old greed, our worst enemy. Don't FOMO because market turned green, just stick to your investment plan and you are good to go.

Pride

Don't share your investments with your close ones and always stay humble, especially in this volatile market you can get fucked quick.

Envy

Don't envy others if they are able to afford more crypto, had a better entry price, or had 1-2 lucky moonshots. Be happy for each other and remember, we are all in this together.

submitted by /u/dalinara
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