What are the best money habits to break in 2023 for cryptocurrency investors?

3 answers

• Dec 15, 2021 · 3 years ago
  One of the worst money habits that cryptocurrency investors should break in 2023 is FOMO (Fear of Missing Out). This habit often leads to impulsive buying decisions based on market hype and can result in significant losses. It's important to do thorough research and make informed decisions rather than succumbing to FOMO.
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• Dec 15, 2021 · 3 years ago
  Another money habit to break is neglecting to set a budget for cryptocurrency investments. Without a budget, it's easy to overspend and risk losing more than you can afford. Set a clear investment budget and stick to it to maintain financial stability and minimize potential losses.
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• Dec 15, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, advises investors to break the habit of relying solely on short-term gains. Instead, focus on long-term investment strategies and the overall potential of the cryptocurrency market. This approach can help mitigate the risks associated with volatile short-term price fluctuations.
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