Topic: 5 errors when buying crypto currency - page 4. (Read 1304 times)
Guys, at your request, wrote a new topic about the basics of trading on the cryptomarkets https://bitcointalksearch.org/topic/m.32463692. Comments in new topic are welcome
Great article, very informative! have done some of those mistakes myself :/
Where were you when i just entered cryptos XD
I think when you just came into the crypto, you did not really think that you can make these mistakes. You simply invested and waited for profits, and when you suffered losses, then began to evaluate the market in more detail. Where were you when i just entered cryptos XD
Great article, very informative! have done some of those mistakes myself :/
Where were you when i just entered cryptos XD
Where were you when i just entered cryptos XD
my error was not selling on top even though I have known that the prices would go down but waited and hodl in the wrong time period, must learn when to sell and control your emotions .
When you are aiming for long term then holding it up for long period of time will really be challenging and it will surely be a test of patience because you will see on how prices would move along the way.There are really times that temptations is strong when you do see price had pumped and selling out for profits is on your mind and there are times when you see dump you will sell to avoid further loses.These scenarios is very common and actions is really depending on your self control. 
Mistake number 2. That is the worse feeling a trader could feel. Regret comes afterwards as always.
Do not sell your coins just because you dont want to get the zero thing.
If you have really decided to purchase that certain coin then you made all the research until the last word they will give.
Their service should have been really good for you to trust then with your money.
That is what we should have been doing so that these scams will stop making shitcoins.
Do not sell your coins just because you dont want to get the zero thing.
If you have really decided to purchase that certain coin then you made all the research until the last word they will give.
Their service should have been really good for you to trust then with your money.
That is what we should have been doing so that these scams will stop making shitcoins.
my error was not selling on top even though I have known that the prices would go down but waited and hodl in the wrong time period, must learn when to sell and control your emotions .
1. thinking the market CAP has meaning
2. not noticing the trade volume
3. not reading the white paper
4. investing in something that has no actual demand
5. selling when everyone else is selling
good comment,this is a typical errors we usually conducted,we dont need long story to tell whats the real meaning of errors.this one indicates it all,since this is the same faults we usually commit.i always fail because of not reading the white papers investing with no actual demands things that im particular now becae of many mistakes2. not noticing the trade volume
3. not reading the white paper
4. investing in something that has no actual demand
5. selling when everyone else is selling
These mistakes are very popular and I think almost trader also made these mistakes when they traded 
. It's much more difficulty to be able to buy in low and sell in high than just talk. There are some traders use trading signal to know these points but there are also professional trader can be able to analyze the price chart so they can be able to know when they should buy and sell
Yes, I totally agree with you. Write or say much easier than done. Therefore, I wrote this article, so that newcomers have extracted at least some useful information for themselves. . It's much more difficulty to be able to buy in low and sell in high than just talk. There are some traders use trading signal to know these points but there are also professional trader can be able to analyze the price chart so they can be able to know when they should buy and sell 1. thinking the market CAP has meaning
2. not noticing the trade volume
3. not reading the white paper
4. investing in something that has no actual demand
5. selling when everyone else is selling
good comment,this is a typical errors we usually conducted,we dont need long story to tell whats the real meaning of errors.this one indicates it all,since this is the same faults we usually commit.i always fail because of not reading the white papers investing with no actual demands things that im particular now becae of many mistakes 2. not noticing the trade volume
3. not reading the white paper
4. investing in something that has no actual demand
5. selling when everyone else is selling
thanks for sharing. Very informative post
I'm not sure exactly how it happened but I went on EtherDelta to sell some shitcoins that I had gotten from airdrops... and I ended up buying about $90 of one for well, well above what it was worth. So after I sold a few good airdrops for ETH I came to sell some Zero ETH.
Thanks for that explanation.
Now, will they listen to this? This is one hell of a good read specially for newbies.
We could somehow prevent another person from being scammed if only he will read into this.
Facebook already made its part, although it is not that good because of the good ICO's that are incoming.
It will still be better if we get more investors on our side without a problem.
Now, will they listen to this? This is one hell of a good read specially for newbies.
We could somehow prevent another person from being scammed if only he will read into this.
Facebook already made its part, although it is not that good because of the good ICO's that are incoming.
It will still be better if we get more investors on our side without a problem.
Should I regret this mistake? In no case! After all, if you are upset because of this, then along with the growth of the course my grief will grow. A distressed investor will not be able to make informed decisions. Similarly, it is pointless to regret that you did not buy bitokoyn when it cost much less. You need to regret that you do not buy it now.
Wow, just bought some Liza on yobit, I guess this is a 5th error, I should get rid of greed and select quality project with a future development, but this high ROI makes me crazy
Eventually it all breaks down to FOMO (fear of missing out)
The main problem is to sell in low and buy in high.
These mistakes are very popular and I think almost trader also made these mistakes when they traded . It's much more difficulty to be able to buy in low and sell in high than just talk. There are some traders use trading signal to know these points but there are also professional trader can be able to analyze the price chart so they can be able to know when they should buy and sell
. It's much more difficulty to be able to buy in low and sell in high than just talk. There are some traders use trading signal to know these points but there are also professional trader can be able to analyze the price chart so they can be able to know when they should buy and sell Reversing or correcting all the mistakes mention here by OP doesn’t guaranty us to become successful trader but most likely to increase our chance of victory.
But if this will be applied all in long term hold it is most certain that success is within our reach. I still prefer holding the coins for long term. I am not fan of trading, I think trading is zero sum game where in the end; your profit is not substantial compare to gains from long term.
I agree with you. 2017 showed that investing in the crypto currency gave more profit than trading. Trading is better to do when the market is in an uncertain (stagnant) situation. But to this situation you have to come up with a lot of experience behind your shoulders, otherwise you will fail. But if this will be applied all in long term hold it is most certain that success is within our reach. I still prefer holding the coins for long term. I am not fan of trading, I think trading is zero sum game where in the end; your profit is not substantial compare to gains from long term.
This thread is very educational especially for the newbies in this community. It can help us to avoid those fatal mistakes. To those who experienced those mistakes, I hope that you've learned something from it and it will never happen again because you now know how to handle it. I like readin thread like this and I want to thank the OP for bringing this up!
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