Investors make mistakes in crypto due to volatility, emotional investing, lack of research

From Nasdaq

March 11, 2025 1:00:08 pm:

1. Cryptocurrency is a volatile market due to its young age and uncertain future. Only 13% of surveyed crypto investors have broken even, with 28% claiming to have made a profit. Many lose money due to emotional investing and lack of research.

2. Emotional investing, driven by fear, greed, and overconfidence, leads to poor decisions. Ignoring market trends and not conducting enough research are common mistakes. Successful crypto investing requires rational decision-making and staying informed on market updates and trends.

3. The crypto market is influenced by sensationalized news and celebrity endorsements, leading to uninformed investment decisions. To succeed, investors must focus on long-term goals, utilize technical analysis, and stay informed on market trends. Doing personal research is crucial for making informed investment decisions.

Read more at Nasdaq: I’m a Crypto Expert: 3 Biggest Mistakes Stopping Investors From Getting Rich