4th newbie mistake 4 - Big bet, all in 1 Beginners are very sensible to "my friend said": "A friend of mine said Dogecoin to the moon, bet all in". May be your friend is a very affordable person, and an expert trader. A friend of mine was who suggested me to buy Feathercoin. But the great mistake comes before: why do you bet all for a single horse when you can bet for many horses, and most of these horses could win in some way? Diversify your portfolio more than you can: in this way you can reduce your risk and you'll have more opportunities. On the contrary if you bet all in 1 you're twice wrong: it's risky and gives you less opportunities.
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