Topic: 5 errors when buying crypto currency - page 2. (Read 1326 times)
I must say that, this article has been helpful to me and I this would be better off for the newbies coming into the cryptocurrency space as they do not know what they are doing and they need to learn the basics and Also follow these rules to be able to minimize their risk
Experience has taught me that keeping tab on what works for you is the best strategy, you could practise all the tips from the pro all you want and you have will still end up losing. Find your own method and stick with it.
Just like there aren't any "pro methods" there aren't any custom methods either. People need to understand that they are far more likely to lose than to gain anything here. In case people do actually gain something it's more related to luck rather than any research. I personally always wait for the market to become obviously overbought or oversold in order to act, which thus far has been a great indicator. It still doesn't mean it will work every time, but at least the odds of being right are higher, especially when you can apply buy the rumor sell the news, which is what trading is a about.
Mistake № 2. Sale of coins on the bottom (fear of losing everything).
This is the concrete example why we need to control our emotions in trading,
be patient, wait for the market to recover.
But that cannot be done easily if you are in front of a landslide of prices. Portfolio going down!! Must do something!. That is how it feels for me.
Experience has taught me that keeping tab on what works for you is the best strategy, you could practise all the tips from the pro all you want and you have will still end up losing. Find your own method and stick with it.
Yes. Learned that lesson before. If you forget on what number did you sell then it will be a waste. It is not just USD that you should be thinking about but also the trade in bitcoin amount or ethereum amount.
There might be a good score in USD but exchanged on ETH you are still at loss. We have to be really careful with that.
Great thoughts! Thank for sharing! 
Will you invest this summer, guys? I prefer Kelvin Blockchain ICO, this is powerful stuff 
Will you invest this summer, guys? I prefer Kelvin Blockchain ICO, this is powerful stuff
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.
On point. Though I have learned some of this from my past trading experiences which was hard. If only this post comes before I've jumped into trading 
. Well done sir. Though this one deserves merit, I got nothing to share. Again thank you and would follow you for more of your posts like this one.
Because your emotions will be at their peak. When you make a great trade, you feel like a genius. The joy of making a bundle of money out of the blue coupled with the fact that it manifests from your own strategy generates a level of dangerous trust and excitement that makes you make some really dumb choices if left alone.. Well done sir. Though this one deserves merit, I got nothing to share. Again thank you and would follow you for more of your posts like this one.On point. Though I have learned some of this from my past trading experiences which was hard. If only this post comes before I've jumped into trading . Well done sir. Though this one deserves merit, I got nothing to share. Again thank you and would follow you for more of your posts like this one.
Because your emotions will be at their peak. When you make a great trade, you feel like a genius. The joy of making a bundle of money out of the blue coupled with the fact that it manifests from your own strategy generates a level of dangerous trust and excitement that makes you make some really dumb choices if left alone. . Well done sir. Though this one deserves merit, I got nothing to share. Again thank you and would follow you for more of your posts like this one.
The topic is very well disassembled. But you can make a shorter summary. The main reason for the poor entry into the transaction is the orientation toward history and the expectation of a repetition of past movements and figures. Also, people are often mistaken because of the orientation to public opinion, the media talk, as well as the opinions of various "experts." Be smarter, do not let yourself be part of the simplest market manipulation
Rules #1 and #1 sound like common sense but you'll be surprised to find yourself making those mistakes without thinking about it. It's part of a human instinct to want to join into the trend, even if there are clear signals that it's not the best time. We'll come late for the party with a bottle of vodka when everyone else is putting on their shoes and it won't faze us.
Check yourself every time you make a trade. Ask "is this rational?"
Check yourself every time you make a trade. Ask "is this rational?"
Wow, I love these errors because they are what we are experiencing in cryptocurrency market. You are true, and we should learn to avoid them. I think the best way is learning. We have to study many aspects of this market (TA, risk management, news, ...) Good luck
Experience has taught me that keeping tab on what works for you is the best strategy, you could practise all the tips from the pro all you want and you have will still end up losing. Find your own method and stick with it.
Mistake № 2. Sale of coins on the bottom (fear of losing everything).
This is the concrete example why we need to control our emotions in trading,
be patient, wait for the market to recover.
5 errors when buying electronic money
1) Buy coin by emotion without considering the market
2) Put money into a coin
3) When the market price jumps up to buy
4) When the market price decreases to sale off because loss of capital
5) No experience in trading
1) Buy coin by emotion without considering the market
2) Put money into a coin
3) When the market price jumps up to buy
4) When the market price decreases to sale off because loss of capital
5) No experience in trading
This is definitely a detailed explanation of what we experience in this market. These are commonly experienced errors we see in trading . we must know these errors and find a way to manage our risks and trades so as to be successful in this field
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.
All of these errors could be avoided if people just do their own research! If you dont know nothing about some coin and you watch its market cap, volume, is it on top or bottom... You will most probably hit some scam projects or pump and dump shitcoins! Just DYOR and when you are sure in some project, buy that coin, hold, and bears cant hurt you!
Yes these are the most common errors or mistakes people make when buying cryptocurrencies. I would like to add one more important mistake which I think many people make. The investors, especially the newbie always look out for the crashed coins, expecting that they will rise to great heights. But it is not important that everything that goes down always comes up again if it has some value and adds up utility to the people.
Mistake № 1. Buying on the top (loss of profit syndrome).
in other words, don't get FOMOd. specially if the coin recently pumped, except if there's
a certain partenership, etc. that could base why the coin pumped. analyze carefully the chart.
partner TA with FA.
I think there's a large proportion of people falling in for this as they feel it will continue going up and then it will make it much harder for them to buy the coin which sometimes can happen but I haven't yet seen a situation when the price didn't drop. So its something to really consider.
The first one point is really matters for me, but I'm concerned about my limited ability to consider when it is the perfect time to sell or buy cryptocurrencies, you can never know when is the peak or the bottom.
in fact, many traders are guided by the average price, which was called during the ico of the company. The fact is that this is the line from which they are repelled and at the same time take into account the prospects of this project. Jump to: