I've been in crypto for a while now, and I've made almost every mistake in the book.
Looking back, most of my losses came from bad habits I didn't even realize were bad at the time.
Here are the 10 crypto habits you NEED to avoid now
1. Ignoring Security Don't have all your money on your browser wallet without a hardware wallet. Remember, you can easily click on a fake site, connect your wallet to that and just be accepting withdrawals without knowing.
Fix: keep majority of your funds on a cold hardware wallet and make sure you copy a fresh address every time you're sending even if it's to a frequent address
2. FOMO Buying Buying after a coin already pumped crazy in a short time means you're buying the top. I've done this too many times.
If you want to buy something lazy, at least buy something that pumped and then pulled back, instead of buying the most green candle of the day
Fix: Wait for pullbacks or move on. There's always another opportunity.
3. Not Using Stop Losses Holding losing trades hoping they'll come back rarely works. I've watched portfolios bleed -70% this way.
Fix: Set a stop loss before entering (10-15% max loss). Protect your capital.
4. Keeping Everything on Exchanges
Exchange hacks are real. I learned this the hard way.
Fix: Move crypto to a hardware wallet (Ledger/Trezor) or non-custodial wallet. Only keep what you're trading on exchanges.
5. Chasing Pumps, Ignoring Fundamentals
Buying coins just because they're pumping is gambling, not investing.
Fix: Focus on projects with real revenue and usage. Ask: "Would I hold this at -50%?" If not, skip it.
6. Over-Trading
Trading every day racks up indecision and exhaustion. My best gains came from holding, not constant trading.
Fix: Quality over quantity. Sometimes the best trade is doing nothing.
7. Going All-In on One Coin
Putting everything into one coin because you're "sure it'll moon" is a recipe for disaster.
Fix: Diversify. Max 10-20% per coin (unless it's BTC/ETH). Keep stables for opportunities.
8. Trusting Influencers Blindly
Following random Twitter shillers who are paid to promote coins burned me multiple times.
Fix: Do your own research. Verify everything yourself, even from credible sources.
9. Not Taking Profits
Watching your portfolio 10x then giving it all back in a crash hurts.
Fix: Take profits on the way up—even 10-20% at key levels. Secure wins.
10. Letting Emotions Control Decisions
Panic selling at bottoms, FOMO buying at tops, holding bags in denial—all emotion-driven mistakes.
Fix: Have a plan before you trade. Write down entry, stop loss, target. Stick to it.
Bottom Line: Most crypto losses come from bad habits, not bad luck.
Avoid these 10 mistakes and you'll be ahead of 90% of traders.
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I've been in crypto for a while now, and I've made almost every mistake in the book.
Looking back, most of my losses came from bad habits I didn't even realize were bad at the time.
Here are the 10 crypto habits you NEED to avoid now
1. Ignoring Security
Don't have all your money on your browser wallet without a hardware wallet. Remember, you can easily click on a fake site, connect your wallet to that and just be accepting withdrawals without knowing.
Fix: keep majority of your funds on a cold hardware wallet and make sure you copy a fresh address every time you're sending even if it's to a frequent address
2. FOMO Buying
Buying after a coin already pumped crazy in a short time means you're buying the top. I've done this too many times.
If you want to buy something lazy, at least buy something that pumped and then pulled back, instead of buying the most green candle of the day
Fix: Wait for pullbacks or move on. There's always another opportunity.
3. Not Using Stop Losses
Holding losing trades hoping they'll come back rarely works. I've watched portfolios bleed -70% this way.
Fix: Set a stop loss before entering (10-15% max loss). Protect your capital.
4. Keeping Everything on Exchanges
Exchange hacks are real. I learned this the hard way.
Fix: Move crypto to a hardware wallet (Ledger/Trezor) or non-custodial wallet. Only keep what you're trading on exchanges.
5. Chasing Pumps, Ignoring Fundamentals
Buying coins just because they're pumping is gambling, not investing.
Fix: Focus on projects with real revenue and usage. Ask: "Would I hold this at -50%?" If not, skip it.
6. Over-Trading
Trading every day racks up indecision and exhaustion. My best gains came from holding, not constant trading.
Fix: Quality over quantity. Sometimes the best trade is doing nothing.
7. Going All-In on One Coin
Putting everything into one coin because you're "sure it'll moon" is a recipe for disaster.
Fix: Diversify. Max 10-20% per coin (unless it's BTC/ETH). Keep stables for opportunities.
8. Trusting Influencers Blindly
Following random Twitter shillers who are paid to promote coins burned me multiple times.
Fix: Do your own research. Verify everything yourself, even from credible sources.
9. Not Taking Profits
Watching your portfolio 10x then giving it all back in a crash hurts.
Fix: Take profits on the way up—even 10-20% at key levels. Secure wins.
10. Letting Emotions Control Decisions
Panic selling at bottoms, FOMO buying at tops, holding bags in denial—all emotion-driven mistakes.
Fix: Have a plan before you trade. Write down entry, stop loss, target. Stick to it.
Bottom Line:
Most crypto losses come from bad habits, not bad luck.
Avoid these 10 mistakes and you'll be ahead of 90% of traders.
##PENDLE $ETH