Three Major Mistakes That Cause People Buying Bitcoin and Cryptocurrencies to Lose a Lot of Money

You must absolutely avoid making these mistakes.

You probably know the numbers just as well as I do. I and others have talked enough about this to make everyone aware of Bitcoin’s outstanding performance over the past decade.

Bitcoin has been the best performing asset of the past decade, turning $1 invested in 2010 into $90K by the end of 2019. The phenomenal performance of +9,000,000%.

In the wake of Bitcoin, many other cryptocurrencies have also delivered exceptional returns that traditional equity or financial markets clearly cannot compete with.

Such returns are enough to make many investors’ heads spin. Their appetite is obviously whetted by these phenomenal figures. Nevertheless, the world of Bitcoin and cryptocurrency is different from the world of traditional finance.

Too many people are entering this new world without knowing the fundamentals, which leads to big disappointments that could be avoidable.

In this story, I would like to draw your attention to the three major mistakes that make some people lose a lot of money when they buy Bitcoin or Altcoins.