Topic: 5 errors when buying crypto currency (Read 1326 times)
All of your suggestions are enough good to follow for trading. But there might be another reason called emotion. We should not make any trade by emotion we should make a trade after appropriate research.
Perhaps the errors when buying crypto currency are such as follows:
1. Don't just easily get attract to buy token in every ico project.
2. Avoid buying shitcoins that has no volume in volume in the market.
3. Never listen to any FUD news here in the forum about the coins they are announcing it
because they are just hyping anyone here to buy their token.
4. Never join in any PUMP and DUMP group here in the forum or in telegram
5. Don't follow your emotion always, just observe it first before anything else.
1. Don't just easily get attract to buy token in every ico project.
2. Avoid buying shitcoins that has no volume in volume in the market.
3. Never listen to any FUD news here in the forum about the coins they are announcing it
because they are just hyping anyone here to buy their token.
4. Never join in any PUMP and DUMP group here in the forum or in telegram
5. Don't follow your emotion always, just observe it first before anything else.
Here are the Top 7 mistakes that I have seen people make over the last years. If you don’t make these mistakes you are already better than 99% of all crypto traders
Being emotional.
Not buying low and selling high.
Making all or nothing buys.
Putting all of their eggs in 1 basket.
Invest more that they can afford to lose.
I am sure after reading this article you will start to try to avoid such mistakes.
Experience is sum of all mistakes.Well explained but...Being emotional.
Not buying low and selling high.
Making all or nothing buys.
Putting all of their eggs in 1 basket.
Invest more that they can afford to lose.
I am sure after reading this article you will start to try to avoid such mistakes.
1) Emotions are necessary no matter how it affects to trading decisions.
2) Who defines low and high? What if price come back to test "low" after 5 fake breakout?
3) I want whatever i can get like putting all to red in casino
4) Same rule applies to here but putting money that feeds family is not ok.
And the answer to the question of where to buy higher or lower is won't be found. No one can know exactly the top and bottom points for the purchase.
What I'm thinking is don't make telling about there's only because it is a common thing that we have to regret every time so we can make the thinking of good things to be trade for many times if you're thinking positively that you are the most profitable person.
Here are the Top 7 mistakes that I have seen people make over the last years. If you don’t make these mistakes you are already better than 99% of all crypto traders
Being emotional.
Not buying low and selling high.
Making all or nothing buys.
Putting all of their eggs in 1 basket.
Invest more that they can afford to lose.
I am sure after reading this article you will start to try to avoid such mistakes.
Experience is sum of all mistakes.Well explained but...Being emotional.
Not buying low and selling high.
Making all or nothing buys.
Putting all of their eggs in 1 basket.
Invest more that they can afford to lose.
I am sure after reading this article you will start to try to avoid such mistakes.
1) Emotions are necessary no matter how it affects to trading decisions.
2) Who defines low and high? What if price come back to test "low" after 5 fake breakout?
3) I want whatever i can get like putting all to red in casino
4) Same rule applies to here but putting money that feeds family is not ok.
And the answer to the question of where to buy higher or lower is won't be found. No one can know exactly the top and bottom points for the purchase.
Here are the Top 7 mistakes that I have seen people make over the last years. If you don’t make these mistakes you are already better than 99% of all crypto traders
Being emotional.
Not buying low and selling high.
Making all or nothing buys.
Putting all of their eggs in 1 basket.
Invest more that they can afford to lose.
I am sure after reading this article you will start to try to avoid such mistakes.
Experience is sum of all mistakes.Well explained but...Being emotional.
Not buying low and selling high.
Making all or nothing buys.
Putting all of their eggs in 1 basket.
Invest more that they can afford to lose.
I am sure after reading this article you will start to try to avoid such mistakes.
1) Emotions are necessary no matter how it affects to trading decisions.
2) Who defines low and high? What if price come back to test "low" after 5 fake breakout?
3) I want whatever i can get like putting all to red in casino
4) Same rule applies to here but putting money that feeds family is not ok.
Here are the Top 7 mistakes that I have seen people make over the last years. If you don’t make these mistakes you are already better than 99% of all crypto traders
Being emotional.
Not buying low and selling high.
Making all or nothing buys.
Putting all of their eggs in 1 basket.
Invest more that they can afford to lose.
I am sure after reading this article you will start to try to avoid such mistakes.
Being emotional.
Not buying low and selling high.
Making all or nothing buys.
Putting all of their eggs in 1 basket.
Invest more that they can afford to lose.
I am sure after reading this article you will start to try to avoid such mistakes.
Some of the people that makes the No. 1 mistakes are people who don’t believe in cryptocurrency, they think it can end at any time, but when they see the price going up they will all start rushing in and buying so they don’t lose the profit.
Times like this when the price is low is the best for buying cryptocurrency, you buy them and you keep them and wait for when they will rise again and you make profit. You simple take the risk.
Not believing into cryptocurrency might turn a life time mistake, fortunately I got chances to rectify my mistake as I was doing this number one mistake. I would have got chances to buy bitcoin by the year of 2010 or 2011 but I started believing only in 2013 after seeing the prices were hitting $1000 levels. I still believe I have done a lifetime mistake of not taking enough time to go for analyzing about the features and future of bitcoin by 2010 even I have heard about it by that time.Times like this when the price is low is the best for buying cryptocurrency, you buy them and you keep them and wait for when they will rise again and you make profit. You simple take the risk.
A common mistake I do repeat with trading is, getting excited about a pump and buying that particular coin without going for proper researching and then regretting about buying. When I was active with yobit.net, I have done many times this mistake after that I started preventing myself from checking who got biggest gain for a day.
How right he was then.
Some of the people that makes the No. 1 mistakes are people who don’t believe in cryptocurrency, they think it can end at any time, but when they see the price going up they will all start rushing in and buying so they don’t lose the profit.
Times like this when the price is low is the best for buying cryptocurrency, you buy them and you keep them and wait for when they will rise again and you make profit. You simple take the risk.
Not believing into cryptocurrency might turn a life time mistake, fortunately I got chances to rectify my mistake as I was doing this number one mistake. I would have got chances to buy bitcoin by the year of 2010 or 2011 but I started believing only in 2013 after seeing the prices were hitting $1000 levels. I still believe I have done a lifetime mistake of not taking enough time to go for analyzing about the features and future of bitcoin by 2010 even I have heard about it by that time.Times like this when the price is low is the best for buying cryptocurrency, you buy them and you keep them and wait for when they will rise again and you make profit. You simple take the risk.
A common mistake I do repeat with trading is, getting excited about a pump and buying that particular coin without going for proper researching and then regretting about buying. When I was active with yobit.net, I have done many times this mistake after that I started preventing myself from checking who got biggest gain for a day.
1. You only buy without knowing the potential of the coin.
2. buy when prices are rising
3. buy in the wrong market
4. do not see any other coins
5. impatient when turrun but can go down again.
2. buy when prices are rising
3. buy in the wrong market
4. do not see any other coins
5. impatient when turrun but can go down again.
Most people buy in the Fomo when the price is already so high. So when they buy the coins, the price started to go down and they complain. Better to study the market, see the last few months price of the coins before you take a decision to buy.
Most people sell when they feel panic everywhere around, most people never learn. Newcomers are fresh blood, it's something unique for every market. How to study market that fluctuate so much, you either believe in it's future or you don't. Only in that way you buy at bottom or close to bottom and wait for price rise, only if you are aware of the market nature you sell top or close to top and wait drop, it's a circle, magical one, you are waiting for new bottom and new round of buying and selling.
Main error is when people invest just money and wish profit in days or weeks, it's happen but it's more gambling than trading. In the beginning early adopters didn't expect all this, for god sake someone bought pizza for 10k bitcoins, they were here for technology and now they have money, it came for them, people should focus on promoting crytpo, spending crytpo and price rise will come.
Some of the people that makes the No. 1 mistakes are people who don’t believe in cryptocurrency, they think it can end at any time, but when they see the price going up they will all start rushing in and buying so they don’t lose the profit.
Times like this when the price is low is the best for buying cryptocurrency, you buy them and you keep them and wait for when they will rise again and you make profit. You simple take the risk.
Times like this when the price is low is the best for buying cryptocurrency, you buy them and you keep them and wait for when they will rise again and you make profit. You simple take the risk.
1. You only buy without knowing the potential of the coin.
2. buy when prices are rising
3. buy in the wrong market
4. do not see any other coins
5. impatient when turrun but can go down again.
2. buy when prices are rising
3. buy in the wrong market
4. do not see any other coins
5. impatient when turrun but can go down again.
Most people buy in the Fomo when the price is already so high. So when they buy the coins, the price started to go down and they complain. Better to study the market, see the last few months price of the coins before you take a decision to buy.
OP posted a good guide that can help newbies in trading to avoid committing the common mistakes in trading. There are other post's on this thread that are also helpful like the one in the first page that says "PANIC-BASED DECISIONS". This is the most common mistake, when you trade leave your emotions at home or in another room. One of the worst enemy of traders are their emotions.
this is certainly true, and numbers 2 and 5 have been felt. well, it can't be avoided, when a person is really panicked about the price, and when he sees a project that is quite good, it ends in a scam.
1. You only buy without knowing the potential of the coin.
2. buy when prices are rising
3. buy in the wrong market
4. do not see any other coins
5. impatient when turrun but can go down again.
most newbie traders too much follow the trend. when the price rises they buy because they think they will profit. but instead they buy at the price at the top. that's not a good idea. because the price is very vulnerable to drop due to correction. they panic when prices start to decline 2. buy when prices are rising
3. buy in the wrong market
4. do not see any other coins
5. impatient when turrun but can go down again.
be a smart investor when on the market because all the technical analysis and fubdam provisions can be damaged by the trends that occur, but we must also learn to recognize trends because this is important for the introduction of your indicators to determine buy or sell on a particular target. happy trading
buying ico coins and ending up in a scam is the most fatal and painful, because some successful ico coins are also vulnerable to falling prices and most investors immediately think of selling them before prices drop too much.
Coin trading without basic analysis also has a bad impact and I'm sure all traders have faced the same thing because they only rely on instinct and hype.
Coin trading without basic analysis also has a bad impact and I'm sure all traders have faced the same thing because they only rely on instinct and hype.
I think the main reason of loss is fear of losing , We are more afraid to lose than be eager to win , fear is a stronger feeling than hope , we usually pay more money to heal our disease than paying to prevention.
very nice post. If you think it very carefully and study those specific mistakes, it will only boil down to two: Emotions and Ego. That's basically the 2 main psyche of human that separate the female and male mindset.
yes you are right I really agree with what you mentioned this could be one of the references for new traders to be more careful when wanting to buy coin, such information is very useful and very useful.
Adding into this, I prefer to learn as newbie. I must learn what is new for me. When I do know that people aren’t making such good results when they encounter with any unforeseen situation, I should be moving through smoothly. This would just be happening when you think I am confident about my learning process and the information I have just learnt. Jump to: