Fix Your Crypto Leaks
hive-167922·@readthisplease·
0.000 HBDFix Your Crypto Leaks
As a crypto investor, mostly new crypto investors, there is always something we are lacking somewhere to make us really profitable in crypto and that is a crypto leak. You may think you dont have it, till someone probably spells it out for you. Crypto investment requires a lot of psychological activities because you use your mind to determine when to buy, sell or hold. Its a physical thing you can tough, its not feasible, so having crypto leaks is expected in a way, but you need to fix it, in fixing your crypto leaks, the first thing you need to do is realising you have a crypto leak, so identifying is the first step to fixing your crypto leak.   [source](https://www.google.com/amp/s/www.nytimes.com/wirecutter/blog/smart-gadgets-save-homes-from-water-leaks/amp/) There are so many forms of crypto leaks, not understanding fundamentals is one, this is where I usually talk about how I dont believe in technical analysis, because no matter how you analyse the market technically, a fundamental feature will always render the analysis useless.But that doesn’t mean that technical analysis is not useful, just know when to use them and when to use the fundamental analysis. If you are doing a technical analysis and you analyse that a crypto will dump at a particular price because it has reached its over bought zone, then place a sell order, what if a great positive fundamental news comes about the crypto, do you still short the coin or long it? At that point, human sentiment kicks in, no one is going to care about over bought, people are just going to keep buying because they got a good news about the crypto project. So why will people sell it, rather, they will buy more. Not doing your research is a big crypto leak, I know how much this has cost me so many times because, I didnt do my research, do as much as going to the discord group or checking their twitter post to read people’s comment, you will be surprised to find out how much you can learn from it. People are always quick to complain to complain at the slightest inconvenience they get, especially when its related to their money. Checking their social media handle, checking their founders and reading their white paper, goes a long way. Not cutting your losses is another deep crypto leak, I know cutting our losses makes us feel weak most times, it makes us feel like we are giving up too easily. But its okay, cutting your losses when you know you have lost is therapeutic, it gives you more closure that actually being stubborn and staying in that investment to end up losing it all. Know when you have lost, cut it and move on. Dont go checking back at the crypto, because it won’t solve anything. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@readthisplease/fix-your-crypto-leaks)
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