Topic: A mistake you would surely regret (Read 1124 times)
I am having the biggest mistake I was accumulating bitcoins and all things were going as my strategy which was I had to set nearly 2 or 3 bitcoins for my rest of life-saving because I have feeling this is going to be enough for me and also helpful for me for having good things in later part of my life but as I reach near the amount of 0.5 bitcoins I lost my wallet which I try to recover for few years but fail, and I lost all my coins without having anything back and this is surely the biggest regret in my life because now I am having troubling to have savings like this which I have done in past but good thing still doing small savings and learning on DCA which will surely going to be helpful for me in future as well.
You don't need to depend on some person's speculation but rather depend on your own research because it is the speculation of people to understand them the time a bullish market is going to occur so that is why you cannot regret whenever you make a proper research that have to deal with a bitcoin and the cryptocurrency from my own Theory it is good to continue to make a research before any further investment of cryptocurrency
The greatest mistake an investor would make is to sell BTC and invest on newly projects that were created by scammers,I think that's a huge regret.Bitcoin is the best coin to invest on because it has a huge return.
Influencers would always want to promote shitcoins because they paid for promoting it,they don't care to know if it's a ponzi scheme that why it's left for an investor to make research and avoid investing on what sounds to real to be scam,even with the hype on newly projects by influencers I don't get moved,I always invest on what I know rather than putting my money on newly projects barely know.
Influencers would always want to promote shitcoins because they paid for promoting it,they don't care to know if it's a ponzi scheme that why it's left for an investor to make research and avoid investing on what sounds to real to be scam,even with the hype on newly projects by influencers I don't get moved,I always invest on what I know rather than putting my money on newly projects barely know.
Those who may be joining the forum and those who are new to the forum can know and learn a lot through the forum, there are many people in the forum who invest by knowing about different coins from this forum. But I mean I don't know if anyone who hopes to get rich with less capital has really succeeded so far. New investors who are only attracted to YouTube, Twitter, Telegram, various social media promotions are attracted to invest in crypto coins. It makes no sense to get greedy and only invest in meme coins or shitcoins because they lose money very quickly. Investing is a beautiful process, there are very few coins that can lead you to success. There is no need to rush just by looking at the offers of our new projects, many stay away from the top coins when the price is high, why not focus there. We should do proper research and invest only where there is no regret later.
There are those types of investors that are looking into quantity and not quality because that's their principle and strategy on this market.
To me, that's fine because it is their money and whatever works for them should be done by them because they believe that works.
But based on my experience and what I have seen with many folks, it doesn't really work like magic because the more you invest in various altcoins, the more complicated your portfolio becomes.
You're right indeed. Your money, your rules, so you can chose to invest on your own. However, trying to invest in a variety of altcoins will never guarantee multi profits. Instead, it will only make you more susceptible to losses most especially if you ended up investing in the wrong coins. The risk to lose is certainly high, once you entrusted your funds more into altcoins than bitcoin.To me, that's fine because it is their money and whatever works for them should be done by them because they believe that works.
But based on my experience and what I have seen with many folks, it doesn't really work like magic because the more you invest in various altcoins, the more complicated your portfolio becomes.
However, if you are interested to buy altcoins, buy when the market is bearish at a minimal amount. That way, even if you lose in the future, at least you only lose few of your funds, so that won’t be a big deal for you.
Investing in a minimal amount I think that's a very good idea, because no one can give you guarantee about the future of altcoin, that is why is good to invest in a minimal amount so that should in case anything happen is not going to have any negative effect on you. However most people always invest with what they can not even afford to lose without even considering the risk that is involved, then after experiencing a huge lost in the market at this point they always felt depressed. That is why when making altcoin investment is always advisable to use a little capital to invest because we don't know what will be the outcome.
By this time I expect people to know the right thing to do when making a decision to invest in cryptocurrency, in the past people went ahead to invest in new projects that are shitcoins, will can say they took a decision like this maybe because they were ignorant thinking that these new project can give profit but it is so surprising seeing people still repeating the same mistakes people longtime ago, atleast these mistake of investing in new project that are not reliable should be a good lesson for people to make good decisions in going into cryptocurrency.
Not every investment is a good one in cryptocurrency, that is why it is important for one not to rush into new projects, no need for rushing into it because their good reliable coins that are profitable that one can still invest in than going for new projects which you can't tell if it is good or not.
Not every investment is a good one in cryptocurrency, that is why it is important for one not to rush into new projects, no need for rushing into it because their good reliable coins that are profitable that one can still invest in than going for new projects which you can't tell if it is good or not.
Yes it's another bull run and everyone that invested in a scam project or lost money in the last bull run are already filled with FOMO and shouting to the moon for new projects they have no knowledge about, many Influencers are out again promoting new projects and promising huge returns and you can see a lot of persons in the Comment section following and wants to invest.
Don't let the green you see everywhere confuse you to forget the basis of investment, do your own research and don't follow the crowd that has no knowledge in what they are doing, don't let greed push you into looking for outrageous profits like 100x on new projects and you end up losing your money to scammers.
Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.
Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.
Don't let the green you see everywhere confuse you to forget the basis of investment, do your own research and don't follow the crowd that has no knowledge in what they are doing, don't let greed push you into looking for outrageous profits like 100x on new projects and you end up losing your money to scammers.
Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.
Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.
Right! when I joined Bitcoin someone who introduced me here made it clear to me that this platform is not a "get me rich quick platform" he said I should concentrate on getting to know how to work with the threads read through very well and learn from others, and I should take my mind off anything money making machine , though I actually don't have that ideation of getting rich just in a twinkle of an eye because everything good in life requires patient and hardworking. It is only someone who is not patient enough and view hard work as a stress that can actually fall for scammers and live to regret their mistakes. So it is good to learn from others mistakes most especially when it has to do with the Internet because you can not afford to risk your funds all in the name of fake investment.
In life,I can say the mistakes we have made, becomes the experience we have,and those experiences are what matures us and makes us strong.We are humans,and making mistakes will always be part of us.If we don't make mistakes,there is no way we can get experience about a particular something.I as a person have made so many mistakes I am not proud of,and those mistakes tend to build me into being the man I am today.Now before I take any step,I must try to calculate the risk involved,the losses and the gains that will come out of that specific move.
Newly projects that pumped into the cyptro space is quite risky to invest on because you barely know how long it would last in the crypto space or what if it's a scam project.Many investors have been scammed because of the deceptive views of newly projects.Many investors have been scammed because they choose to follow the crowd with no knowledge on making wrong decisions that end with regrets.It's very important for an investor to carry out proper research before investing on shitcoins.
New project can be risky and also profitable sometimes. Some people have made it in the space investing in some new project while some people have loss all their life saving investing in it. I can't really advice people to invest in all this new project but if you are interested in it, you should make a good research about it and only invest the little money you can avoid to lose as they may be abit dangerousInvestors these days are investing large amounts in meme coins just because they know they have the potential to sometimes provide great returns but they ignore the fact that meme coins can also potentially eat up all your investment in case they don't manage to get enough community hype.
I think most people will still make same mistake again because of the following reasons;
1. Greed.
2. Laziness to seek knowledge about crypto.
3. I just want to be a crypto investor.
4. Get Rich Fast.
Like most people lose a lot of money in crypto because of the above stated reasons, I know a lot of people who have lose huge sum of funds in the last bull year just because they want to be a coin owner, without seeking proper knowledge about the coin they are investing in and end up been scammed because they believe crypto is some kind of Making money fast type of project. And again there people who even have the knowledge about crypto and still end up losing funds too just because of their Greed.
You have said it all. The key point is that people want to become rich overnight that is they invest in anything that promises them that. The hype is at the peak at the moment and creator of these shitcoins are milking people dry using influencers to draw people into their scam. 1. Greed.
2. Laziness to seek knowledge about crypto.
3. I just want to be a crypto investor.
4. Get Rich Fast.
Like most people lose a lot of money in crypto because of the above stated reasons, I know a lot of people who have lose huge sum of funds in the last bull year just because they want to be a coin owner, without seeking proper knowledge about the coin they are investing in and end up been scammed because they believe crypto is some kind of Making money fast type of project. And again there people who even have the knowledge about crypto and still end up losing funds too just because of their Greed.
One funny thing I have also noticed is that most newbies are preaching HODL but this time their HODL is not Bitcoin but shitcoins which is like holding a bag of shit. They actually know that the profit is in long term investment but their choice of investment is the problem.
Unfortunately, many people will still fall into scams and hate/curse cryptocurrency. This is natural to happen just that we should ensure that we are not victims.
Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.
Most of the people these days want to get rich very quickly so they are attracted by the glory of greed and often do wrong things like investing in various meme-coins or shitcoins. But I see this tendency among newbies because when they first get into cryptocurrency they think they're going to get rich quick, so they get greedy and lose all their money by investing in the wrong coins. Greed attracts people in a way that makes them more aggressive in their attitude to invest because they are addicted to profit.OP what you said about investing what you can lose is absolutely true. Because whenever you invest your entire money if you lose it completely due to investment losses then you will face more losses. So, to avoid total loss, it is advised to invest only as much money as you can afford to lose. Moreover, investing may not be easy as it requires a lot of skill, judgment and analysis. Many times people are not successful in their investments despite being experienced and doing proper analysis.
You can't stop them and they're more aggressive this bull run. I have no idea who has put in the minds of mostly beginners about having x100-x1000 with their investments. They truly are prone to scams with that mindset whilst the ones that are into safe investing by having their money in Bitcoin doesn't have to think about such. A lot sure will get into new projects thinking that they're early on those but, they should be wary about the rug pulls aren't gone and those developers that have been doing that will just repeat the process trying to lure these poor investors that have no idea of what they're up to.
Before making a decision, you should re-analyze what you want to do even though the green light is clear, because it could be a trap for us and this trap can make us sink in investing in the world of cryptocurrencies, believe me, if something is taken hastily, it will the consequences are not good, don't be quick to jump to conclusions. It is better to have small profits with good analysis than to expect big profits but make big mistakes when taking a stand
I think most people will still make same mistake again because of the following reasons;
1. Greed.
2. Laziness to seek knowledge about crypto.
3. I just want to be a crypto investor.
4. Get Rich Fast.
Like most people lose a lot of money in crypto because of the above stated reasons, I know a lot of people who have lose huge sum of funds in the last bull year just because they want to be a coin owner, without seeking proper knowledge about the coin they are investing in and end up been scammed because they believe crypto is some kind of Making money fast type of project. And again there people who even have the knowledge about crypto and still end up losing funds too just because of their Greed.
1. Greed.
2. Laziness to seek knowledge about crypto.
3. I just want to be a crypto investor.
4. Get Rich Fast.
Like most people lose a lot of money in crypto because of the above stated reasons, I know a lot of people who have lose huge sum of funds in the last bull year just because they want to be a coin owner, without seeking proper knowledge about the coin they are investing in and end up been scammed because they believe crypto is some kind of Making money fast type of project. And again there people who even have the knowledge about crypto and still end up losing funds too just because of their Greed.
New project can be risky and also profitable sometimes. Some people have made it in the space investing in some new project while some people have loss all their life saving investing in it. I can't really advice people to invest in all this new project but if you are interested in it, you should make a good research about it and only invest the little money you can avoid to lose as they may be abit dangerous
Regrets are surplus but there's always new opportunities every single day in the space, just know what to do and comprehend the top duties. We make dangerous moves and adapting to previous and current status of the space. We attend to all the risks available in the space but making mistakes is not part of them. Remember there are mistakes that will send one directly to trenches because it involves huge losses. Making thorough research about these projects will safely persuade one to be able to guide ourselves and generate significant profits. 
Newly projects that pumped into the cyptro space is quite risky to invest on because you barely know how long it would last in the crypto space or what if it's a scam project.Many investors have been scammed because of the deceptive views of newly projects.Many investors have been scammed because they choose to follow the crowd with no knowledge on making wrong decisions that end with regrets.It's very important for an investor to carry out proper research before investing on shitcoins.
New project can be risky and also profitable sometimes. Some people have made it in the space investing in some new project while some people have loss all their life saving investing in it. I can't really advice people to invest in all this new project but if you are interested in it, you should make a good research about it and only invest the little money you can avoid to lose as they may be abit dangerous
Newly projects that pumped into the cyptro space is quite risky to invest on because you barely know how long it would last in the crypto space or what if it's a scam project.Many investors have been scammed because of the deceptive views of newly projects.Many investors have been scammed because they choose to follow the crowd with no knowledge on making wrong decisions that end with regrets.It's very important for an investor to carry out proper research before investing on shitcoins.
There is no way you can stop all newbies not to invest in a scam project, and there are some newbies will be seeing you as the scammer planning to block their way not to invest.
And once they loss money on that scam project, they will now realize what you told them in the past not to put their money on anyhow project, and for you to know all those good projects, check their population because every good project Carry population of customers.
I have loss some money in new projects, when I was a newbie that made me to learn more to know how to select good projects that will bring good profits, and it hard for me to invest my money on new property in the market these days no matter their package.
And once they loss money on that scam project, they will now realize what you told them in the past not to put their money on anyhow project, and for you to know all those good projects, check their population because every good project Carry population of customers.
I have loss some money in new projects, when I was a newbie that made me to learn more to know how to select good projects that will bring good profits, and it hard for me to invest my money on new property in the market these days no matter their package.
Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.
Many people are doing this, they invest in a project because someone (a known person or a friend) suggested it. This is very usual because we trust them but it should not be like that as we need to verify the potentiality and reliability of the project first prior to buying. These common mistakes will never happen if we keep thinking that a good investment comes from a good choice and research. Investing in a project blindly will never succeed instead, more on failure. We can't call ourselves an investor if we neglect to do research nor do we call ourselves smart.
You can't stop them and they're more aggressive this bull run. I have no idea who has put in the minds of mostly beginners about having x100-x1000 with their investments. They truly are prone to scams with that mindset whilst the ones that are into safe investing by having their money in Bitcoin doesn't have to think about such. A lot sure will get into new projects thinking that they're early on those but, they should be wary about the rug pulls aren't gone and those developers that have been doing that will just repeat the process trying to lure these poor investors that have no idea of what they're up to.
There is no point getting into something you have no idea about, but there is nothing we can do to safe them from their own decisions, what is awaiting them is real life lessons, hopefully they are brave enough to learn from their mistakes. I have made tens of my money from ALTs in this year alone, not too long ago I made over $6000 from a altcoin, using $300, all I did was buy and wait, but I could tell before buying this altcoins that its worth the risk, there aren't so many like it and in just few months it surges very high.
The problem is identifying good alternative crypto projects like this, many newbies don't know how and thats why they fall victim to many scam projects, I was able to tell the difference because I have learned a lot from the past years in crypto space.
Bitcoin is the most recommendable, and altcoin is the most risky one, if you must embark on alts journey you must have the proper qualifications of identifying the best of the best, at least for the bull market to make money and take profit.
Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.
The first coin, Bitcoin. Second to fifth is up to you, you can enter coins like Ethereum and four other coins that will potentially not make you lose money.Fast investments that offer high percentage prices for each project you invest in are not a guarantee.
I dare say investing in Bitcoin is safe if you are willing to be patient for a certain time.
Today's price increase of almost $73k was once only half of today's price.
Apart from being safe, Bitcoin is not a fraudulent coin.
Meanwhile, you want to invest safely in Bitcoin, but the risk of losing is greater, so a little courage for the long term for the future with a little self-confidence provides opportunities to always think about. In my opinion, accuracy needs to be paid attention to in Crypto, the point is to minimize bigger opportunities.
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