Cointelegraph’s “The Market Report”, is now live. This week, Cointelegraph’s resident crypto experts will discuss the most dangerous mistakes in crypto.
First, Marcel Pechman, a market expert, carefully analyzes the Bitcoin (BTC), and Ether (ETH). Is the current market situation bullish or bearish? What are the prospects for the next few weeks? Pechman will help you understand it.
Next is the main event. As Cointelegraph analysts Jordan Finneseth, Benton Yaun and Sam Bourgi discuss the most dangerous crypto mistakes that can be avoided in 2022. Bourgi is the first to speak. He believes you should avoid “analysis paralysis”, or, more precisely, not overanalyzing. Be a strong believer in your decision-making. Don’t just focus on the price of a coin/token you are interested in. You should also consider its market cap, tokenomics, and community size. He also suggests that you don’t trade excessively, HODL is always better than trading.
Yuan follows with his three mistakes to avoid. First, he believes that instead of waiting for your position to rise, you should take the profits already made. This will help to avoid’moonboy fever’. He explains how to avoid rug-pulls and decentralized finance (DeFi).
Finneseth is the third guest and explains the three most common mistakes that people make. He starts with HODL culture becoming token attachment. Don’t miss your chance to make a profit and wait for another chance. Don’t become too attached to any particular token or coin. Nothing will ever go up forever. He suggests that you set your sell targets prior to buying a coin. This will ensure you are prepared and know your profit goals. He also suggested that you be aware of current trends and learn how to use them to your advantage. Be aware that fast-moving trends can quickly fade away just as quickly as their rise.
We have insights from Cointelegraph Markets Pro after the showdown. This platform is for crypto traders who want a step ahead of market trends. Two altcoins stood out for this week were Zilliqa, ZIL and PARSIQ, which the analysts identified using Cointelegraph Markets Pro.
Are you looking for information on a topic or coin that isn’t covered here? Don’t worry. You can join the YouTube chat and ask your questions there. The person who submits the most relevant comment or question will receive a $100 free month of Cointelegraph Markets Pro.
Market Report is live at 12:00 ET (5:00 UTC) every Tuesday. Make sure you visit Cointelegraph’s YouTube channel to smash the like and subscribe buttons to all future updates.
Eileen Wilson –Technology and Energy
My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.