Having losses? Or people are not going the right way - page 2.

carlfebz2

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Quote from: traderethereum on August 31, 2022, 09:00:55 AM

Quote from: tjtonmoy on August 30, 2022, 06:39:04 AM

Quote from: _act_ on August 26, 2022, 04:47:12 AM

If bitcoin is presently at $21000 by now, they should know that the market is healthy, that they should not sell in loss. If they hold bitcoin, all-time-high is coming, I am predicting the next bitcoin all-time-high to reach over $100k.

I think you are right. People who holds, they are the winners. No doubt about that. But the whales are waiting for the dippest dip to fill their bags. Only then we can see an ATH over 100k

There is no doubt that if they can wait and hold their bitcoins until the price goes up high and sell them at that point, they are the winners.
But if they don't sell it when the price is high, maybe they can't be said to be the winner because their bitcoin will still be bitcoin and they don't know when they will sell it.
But each person has their decision and it's up to them when to sell their bitcoins.
The price of bitcoin can go up high and reach more than $100k in the future so it's better to keep your bitcoins and wait for the right moment to sell them.

Doesnt matter if its big or small profits as long it would be green then it would be still a profit although it do only differ on scale but thats what it counts and this is where people do really make out other actions

which would really be different to each other.Some does really love to play safe and some do really love to put up some risk.Losses is normal and this is why we are doing out best to lessen it out.
The important thing on here is that you should really be wise on every decisions that you would make even though it wont be that precise but at least you do know on what you are doing.

traderethereum

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Quote from: tjtonmoy on August 30, 2022, 06:39:04 AM

Quote from: _act_ on August 26, 2022, 04:47:12 AM

If bitcoin is presently at $21000 by now, they should know that the market is healthy, that they should not sell in loss. If they hold bitcoin, all-time-high is coming, I am predicting the next bitcoin all-time-high to reach over $100k.

I think you are right. People who holds, they are the winners. No doubt about that. But the whales are waiting for the dippest dip to fill their bags. Only then we can see an ATH over 100k

There is no doubt that if they can wait and hold their bitcoins until the price goes up high and sell them at that point, they are the winners.
But if they don't sell it when the price is high, maybe they can't be said to be the winner because their bitcoin will still be bitcoin and they don't know when they will sell it.
But each person has their decision and it's up to them when to sell their bitcoins.
The price of bitcoin can go up high and reach more than $100k in the future so it's better to keep your bitcoins and wait for the right moment to sell them.

BRINIRHA

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Quote from: Don Pedro Dinero on August 31, 2022, 01:39:34 AM

Quote from: BRINIRHA on August 31, 2022, 01:06:39 AM

maybe this will be a lesson for me. So far I've always wanted to make a quick profit. and the way to go is to buy altcoins that are hype. and I think it has a high risk. especially if the chosen altcoin is one that does not have good fundamentals. and most beginners do this.
but I'm lucky to have stopped chasing the hype. and now I prefer to trade in bitcoin. and some altcoins that do have strong fundamentals like Ethereum and BnB. and I gave up my bad habit of thinking that is hoping for big profits in a short time.

You don't seem to have learned your lesson at all. You are going from trading altcoins to trading bitcoin.

You're going to be much better off buying and holding bitcoin, or buying regularly with whatever money you have available. And don't touch it, just hold, the more years the better. About 4-6 years minimum. It's a more boring but much safer way to make a profit.

looks like you're right. Thank you for your advice. I will learn to hold my bitcoins from now on. but to keep it for a long time means I have to use cold money. and you are right it seems I have to set the way of purchase as well. maybe i will buy gradually from now on and hold it specially for bitcoin. but for altcoins I don't dare hold on for long. because I've seen a lot of the top altcoins turn out to fall unexpectedly. thanks again for reminding me.

Don Pedro Dinero

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Quote from: BRINIRHA on August 31, 2022, 01:06:39 AM

maybe this will be a lesson for me. So far I've always wanted to make a quick profit. and the way to go is to buy altcoins that are hype. and I think it has a high risk. especially if the chosen altcoin is one that does not have good fundamentals. and most beginners do this.
but I'm lucky to have stopped chasing the hype. and now I prefer to trade in bitcoin. and some altcoins that do have strong fundamentals like Ethereum and BnB. and I gave up my bad habit of thinking that is hoping for big profits in a short time.

You don't seem to have learned your lesson at all. You are going from trading altcoins to trading bitcoin.

You're going to be much better off buying and holding bitcoin, or buying regularly with whatever money you have available. And don't touch it, just hold, the more years the better. About 4-6 years minimum. It's a more boring but much safer way to make a profit.

BRINIRHA

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maybe this will be a lesson for me. So far I've always wanted to make a quick profit. and the way to go is to buy altcoins that are hype. and I think it has a high risk. especially if the chosen altcoin is one that does not have good fundamentals. and most beginners do this.
but I'm lucky to have stopped chasing the hype. and now I prefer to trade in bitcoin. and some altcoins that do have strong fundamentals like Ethereum and BnB. and I gave up my bad habit of thinking that is hoping for big profits in a short time.

MarjorieZimmermanGinger

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Quote from: davis196 on August 30, 2022, 01:58:47 AM

The question when they enter the Altcoin market? here is the source of the problem

In other words, they themselves are looking for trouble. Like I said, that altcoins will not give maximum profit every time, especially since the market is in a correction condition.
There are certain moments that must be considered before entering the altcoin market, and even then on potential altcoins, because if you expect hype, we will definitely suffer losses.

tjtonmoy

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Quote from: _act_ on August 26, 2022, 04:47:12 AM

If bitcoin is presently at $21000 by now, they should know that the market is healthy, that they should not sell in loss. If they hold bitcoin, all-time-high is coming, I am predicting the next bitcoin all-time-high to reach over $100k.

I think you are right. People who holds, they are the winners. No doubt about that. But the whales are waiting for the dippest dip to fill their bags. Only then we can see an ATH over 100k

CPNpr

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Quote from: tomos81 on August 29, 2022, 07:58:08 PM

No one should blame you if you invest as you wish. That's why it is said that when you get benefit invest never tell anyone but whenever you face loss invest. Why blame others or crypto-currencies for losses you should invest wisely.
That's why I want to make it clear that one should never blame anyone for making discretionary investments, it is completely wrong. So never put any blame on crypto currency.

I think it would be better to think and invest before we compromise. Here if we compromise on voter decision then we can launch because we have to think first and later we have to compromise then we have less chance of loss.

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Quote from: Fesatmas on August 30, 2022, 03:47:20 AM

Precisely they want to get rich in a short time, even though there is no place anywhere that can offer that. They ended up trapped in their own greed. And not infrequently people like that are people who have experienced the same incident several times, strangely they do not learn from the bitter experience they felt before.

Cryptocurrency really makes it possible to quickly increase your funds, but the truth is that in order to do this you need to have good knowledge in many areas and of course some part of luck must also be present. Bitcoin is reliable, but this way can also be long. Here everyone chooses for himself, for someone more reliable investments are important, for someone it is important to increase your deposit as quickly as possible...

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Quote from: davis196 on August 30, 2022, 01:58:47 AM

Crypto trading is no different than stock trading or FOREX trading. If you don't know what you are doing and you don't have patience and strong hands, you end up losing your capital. I've read statistics claiming that about 85% of stock traders lose their money. Crypto traders should be somewhere around that percentage.

Quote

The question when they enter the Altcoin market? here is the source of the problem

I guess you mean "why they enter the Altcoin market?" The obvious answer is greed and wanting to make big money fast.
This is the recipe for disaster. The people should learn how to walk before they learn how to run.

Precisely they want to get rich in a short time, even though there is no place anywhere that can offer that. They ended up trapped in their own greed. And not infrequently people like that are people who have experienced the same incident several times, strangely they do not learn from the bitter experience they felt before.

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Quote from: peter0425 on August 30, 2022, 02:19:23 AM

Quote from: _act_ on August 26, 2022, 04:47:12 AM

The mistakes people make is because they are investing in altcoins, could you believe that altcoins are more volatile but many of them do not make it to all-time-high in 2020/2021.

it is not bad that they invested in altcoins because at some way? altcoins are also profitable but the issue here is why they invested in Altcoins rather than bitcoins? it is because of their greedy attitude and because they wanted to make easy money.

Another one reason is investors often lose money due to investing in the wrong places. Bitcoin and altcoins differ in several ways. Bitcoin is used everywhere in the crypto world. Whereas altcoins are usually confined to a community. Bitcoin bull markets happen often but are rare in altcoins. Investing in Bitcoin may go down for a time but it will come back up again. Which are almost impossible in all altcons except few.

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Quote from: Lorence.xD on August 26, 2022, 11:08:00 AM

You can't blame them for investing in altcoins, there's a diamond in the dirt and everyone's thinking that they should just keep on accumulating those coins because they wouldn't know which one is going to pump real fast so that they can become instant millionaires.

But the diamond here is very small or very few in number.

Truly the person investing in altcoin is to blame for their own losses. It is not that they are not advised against it on this forum. While most traders lose out some might profit but don't use this as an example.

Similar to any other speculative trading the people making money from it are way smaller than the people losing money. Here comes the realisation that majority of speculative assets are not worth putting money in if you don't have the reserves to back it up.

Bitcoin is currently having a bearish trend, does not mean that altcoins are going to go up. So people need to learn how to analyse the old charts and then be judgemental.

peter0425

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Quote from: _act_ on August 26, 2022, 04:47:12 AM

The mistakes people make is because they are investing in altcoins, could you believe that altcoins are more volatile but many of them do not make it to all-time-high in 2020/2021.

it is not bad that they invested in altcoins because at some way? altcoins are also profitable but the issue here is why they invested in Altcoins rather than bitcoins? it is because of their greedy attitude and because they wanted to make easy money.

they trusted those coins because of the Idea that this will make them rich in shorter time.

Quote

If an holder bought at high price, they may not want to wait again and sell in losses after coins like bitcoin has already reached all-tim-high. Some people that invested at low price can gain but altcoins are more risky.

but if they will think deeply? then they will use those scenario as a learning pattern to invest in Bitcoin rather than altcoins.

davis196

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Crypto trading is no different than stock trading or FOREX trading. If you don't know what you are doing and you don't have patience and strong hands, you end up losing your capital. I've read statistics claiming that about 85% of stock traders lose their money. Crypto traders should be somewhere around that percentage.

Quote

The question when they enter the Altcoin market? here is the source of the problem

I guess you mean "why they enter the Altcoin market?" The obvious answer is greed and wanting to make big money fast.
This is the recipe for disaster. The people should learn how to walk before they learn how to run.

MarjorieZimmermanGinger

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Quote from: _act_ on August 26, 2022, 04:47:12 AM

The mistakes people make is because they are investing in altcoins

Altcoins are still categorized as general, it is not specific which part they take to start, Of course not all Altcoins experience price increases, both in the short and long term.
The question when they enter the Altcoin market? here is the source of the problem

Quote from: _act_ on August 26, 2022, 04:47:12 AM

If bitcoin is presently at $21000 by now, they should know that the market is healthy, that they should not sell in loss. If they hold bitcoin, all-time-high is coming, I am predicting the next bitcoin all-time-high to reach over $100k.

While people who follow bitcoin sometimes have the wrong investment pattern, for example buying at a high price, but using a short-term model, even though bitcoin's condition is in correction, this method will make them lose.

If it's the case of investing bitcoin in the long term, it's hard to get a loss, because bitcoin will find a way to reach ATH, through a long process that occurs.
Maybe one can observe the market from 2017 to 2021, here will find the answer.
Note: If the long-term investment model

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Quote from: romero121 on August 29, 2022, 07:40:30 PM

Quote from: Nrcewker on August 29, 2022, 05:23:39 AM

Sad to see these types of news. I mean these types of news are only seen after this bear market and nothing can be done to be honest.
People those who don’t have prior knowledge in cryptos, just invest and seeing this bear market effect they panic and sell. They don’t know that the bear market is just manipulating their minds.
Nevertheless same would have been happened to the people that the OP is referring here.
You can easily conclude that this is not the fault of market, rather people are not going the right way.

People are not going the right way, and it is the lack of understanding about the market. Majority of the people, even those in the market in the long term think of making money at the shortest. But they never make use of the opportunity.

Whenever the market turns down and reaches the bottom they don't buy. By that time they fear and stay out of the market. When it bounces everyone will be on the crowd to buy. Here they miss the profit. This is all about the people's mind and not about the market making mistakes.

I agree. People are sometimes just too optimistic. They are implying to themselves that whenever the price is low, investing would be the best option, but it is really not, 'coz analysis should be done first before entering something. If you'll just invest everytime on downfall, there's this tendency that your losses will just be bigger. There is always a time to enter or exit from your investments. Not to be too optimistic and too pessimistic would be a better mindset. You just have to think more of your next move than to just follow the trend.

tomos81

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No one should blame you if you invest as you wish. That's why it is said that when you get benefit invest never tell anyone but whenever you face loss invest. Why blame others or crypto-currencies for losses you should invest wisely.
That's why I want to make it clear that one should never blame anyone for making discretionary investments, it is completely wrong. So never put any blame on crypto currency.

carlfebz2

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Quote from: Nrcewker on August 29, 2022, 05:23:39 AM

Sad to see these types of news. I mean these types of news are only seen after this bear market and nothing can be done to be honest.
People those who don’t have prior knowledge in cryptos, just invest and seeing this bear market effect they panic and sell. They don’t know that the bear market is just manipulating their minds.
Nevertheless same would have been happened to the people that the OP is referring here.
You can easily conclude that this is not the fault of market, rather people are not going the right way.

But so to speak that not all people would be having on the same mindset ending up on having the same action that they would do with the market which means that it would be ending up on one path?

It cant be possible as we do talk realistically.Yes, people do really go in the wrong way or path but its just really that a normal cycle yet not all does have the same analysis and behavior that they do have personally.

Losses are inevitable and due to unpredictability of the market then this is something that you couldnt really able to avoid but you should really minimize those errors as much as you could.

Luqman

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Quote from: _act_ on August 26, 2022, 04:47:12 AM

The mistakes people make is because they are investing in altcoins, could you believe that altcoins are more volatile but many of them do not make it to all-time-high in 2020/2021.

and moreover, they are investing in the new altcoins, hype altcoins, nonfundamental altcoins, adn mostly shit coins. That is why losses can be very easily got by many people in crypto investment. However, when somebody is investing in new altcoin without any analysis and they become very frustrated because of the dropped market. They will panic and sell all of the coins even n a cheap price. This is actually what the whales want, get opportunity during the market crash and utilize the chance to get more opportunity from the small inestor.

romero121

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Quote from: Nrcewker on August 29, 2022, 05:23:39 AM

Sad to see these types of news. I mean these types of news are only seen after this bear market and nothing can be done to be honest.
People those who don’t have prior knowledge in cryptos, just invest and seeing this bear market effect they panic and sell. They don’t know that the bear market is just manipulating their minds.
Nevertheless same would have been happened to the people that the OP is referring here.
You can easily conclude that this is not the fault of market, rather people are not going the right way.

People are not going the right way, and it is the lack of understanding about the market. Majority of the people, even those in the market in the long term think of making money at the shortest. But they never make use of the opportunity.

Whenever the market turns down and reaches the bottom they don't buy. By that time they fear and stay out of the market. When it bounces everyone will be on the crowd to buy. Here they miss the profit. This is all about the people's mind and not about the market making mistakes.

Topic: Having losses? Or people are not going the right way - page 2. (Read 564 times)