10 Common Mistakes Beginner Cryptocurrency Traders Do - page 4.

tenakha

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Quote from: Prateek_sharma on October 23, 2019, 05:20:26 AM

Well!! Did you know?

Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.

What's your take on this?

So noone wants to waste time, in their opinion, money is being scattered here, the first person will grab more. The ambition of money leaves the effect of "boom" on those who hear about crypto first time. Already most of the narrators often do not talk about the bad sides, or the person who listens listens what s/he wants. This can not be countered, this is related to the person him/herself. Because not all noobs are like that.

pedpedped101

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Quote from: Prateek_sharma on October 23, 2019, 05:20:26 AM

Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.

There will always be a time to start. So starting does not eliminate any form of error. I have been trading crypto for years now and I can confidently say that I made mistakes at first and mistakes even at this stage are unavoidable, but might be limited. Although, they make me better. Which is also expected of anyone that is new to it.

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Quote from: Prateek_sharma on October 23, 2019, 05:20:26 AM

Well!! Did you know?

Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.

What's your take on this?

Indeed knowledge is needed before trading, because if you trade without the knowledge or advice of several people, what you get might be just a loss. To trade better with a small amount and we must be able to observe market movements to be able to determine when the right time to buy coins.

4maxzath7

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Quote from: Prateek_sharma on October 23, 2019, 05:20:26 AM

Well!! Did you know?

Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.

What's your take on this?

I'm also a man who has started to participate in crypto currency exchange, i'm very confused about this market, and when i tell people about this market, people often say not to participate.

I don' t know why?

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Quote from: Prateek_sharma on October 23, 2019, 05:20:26 AM

Well!! Did you know?

Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.

What's your take on this?

Most of the new investors nowadays are impulsive and greedy. They often do not think first nor research more about the coin. Research is a vital process of trading and investment that's why everyone in this industry must practice it. Researching can also improve your future decisions and help you tackle any problems ahead. Knowledge indeed, is a critical factor to determine how successful a trader can become.

Stanlo

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Quote from: Prateek_sharma on October 23, 2019, 05:20:26 AM

Well!! Did you know?

Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.

What's your take on this?

Expert crypto traders lose money in trading as well, we can't control people to learn first because they like learning the hard way, once they start losing money they will either quit or find ways to learn the strategy of trading, knowledge is power only for those who wants it

Prateek_sharma

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Quote from: Baby Dragon on October 23, 2019, 10:52:26 AM

Quote from: Prateek_sharma on October 23, 2019, 05:20:26 AM

Well!! Did you know?

Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.

What's your take on this?

Well beginners usually take risk without even thinking the result of their decisions and actions that is why most of them end up losing money, its because they don't even bother looking for some information or feedback from other people that may help them. Trading is indeed speculative and having enough knowledge is a powerful tool that can be use to avoid any problem since most of them doesn't analyze things before doing an investment. If they ever feel doubt or confuse in trading they should conduct their own research before making a decision so they won't regret anything if their decision messed up.

Yeah researching the whole crypto market before trading is one of the best idea ever in order to escape from loss of funds.

panganib999

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Quote from: Prateek_sharma on October 23, 2019, 05:20:26 AM

Well!! Did you know?

Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.

What's your take on this?

What could be more best than trading crypto safely is getting to know it and the whole cryptocurrency deeply. Understanding how it works, be it mining, trading, investing and such, you will be needing to study it so well so you won't be putting yourself in anything that could mess you up. Crypto space at this rate, is full of scammers and cyber criminals so being naive and innocent here is like wearing a deer costume during hunting season, you're surely putting yourself in danger and will be doomed.

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I would not start the crypto adventure with trading, because if you look at statics, 95 percent of all traders are taking losses and the risks of losing money is even bigger as by investing in an ICO or an IEO on a bad exchange.

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Quote from: Prateek_sharma on October 23, 2019, 05:20:26 AM

Well!! Did you know?

Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.

What's your take on this?

Biggest mistake that everyone makes, not only beginner traders, is listening to others and investing based on other's suggestions/recommendations.

Unfortunately, as of right now, this space is filled with scammers and businesses that can be persuaded by money. So everything you read about a project has at least a 50% chance of being populated by a scammer, or by a paid expert (ICOBench and other ICO listing sites).

Saying this, my biggest takeaway is not only just doing your own research, but creating discussion with the actual team and learning more about them. The first thing I do when learning about a new project is joining their Telegram group and asking questions about their website/whitepaper. You will learn so much based on the team's answers, if they even provide answers.

Colt81

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Quote from: Baby Dragon on October 23, 2019, 10:52:26 AM

Quote from: Prateek_sharma on October 23, 2019, 05:20:26 AM

Well!! Did you know?

Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.

What's your take on this?

Well beginners usually take risk without even thinking the result of their decisions and actions that is why most of them end up losing money, its because they don't even bother looking for some information or feedback from other people that may help them. Trading is indeed speculative and having enough knowledge is a powerful tool that can be use to avoid any problem since most of them doesn't analyze things before doing an investment. If they ever feel doubt or confuse in trading they should conduct their own research before making a decision so they won't regret anything if their decision messed up.

Indeed. The common mistakes of a beginner cryptocurrency traders is they make decisions carelessly without thinking the positive and negative effect of their trade, that is why they end up having losses. Also, other beginner traders can't control their emotions when they saw the market price is falling down, which they start to panic sell and will result having a huge loss that they don't have any patience to wait to recover it's price before selling it.

Baby Dragon

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Quote from: Prateek_sharma on October 23, 2019, 05:20:26 AM

Well!! Did you know?

Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.

What's your take on this?

Well beginners usually take risk without even thinking the result of their decisions and actions that is why most of them end up losing money, its because they don't even bother looking for some information or feedback from other people that may help them. Trading is indeed speculative and having enough knowledge is a powerful tool that can be use to avoid any problem since most of them doesn't analyze things before doing an investment. If they ever feel doubt or confuse in trading they should conduct their own research before making a decision so they won't regret anything if their decision messed up.

Prateek_sharma

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Well!! Did you know?

Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.

What's your take on this?

Topic: 10 Common Mistakes Beginner Cryptocurrency Traders Do - page 4. (Read 420 times)