Having losses? Or people are not going the right way - page 4.

Myleschetty

member

Activity: 1162

Merit: 78

Quote from: franky1 on August 26, 2022, 11:59:11 AM

its not about the results.. its about the timing of the survey

The survey was conducted last month which means the investors that claimed their crypto punts are worse than expected believe once they invested in crypto the next is bullish or maybe they invested in that meme shitcoin.
This will always be the criticism of inexperienced investors.

bitcampaign

sr. member

Activity: 1792

Merit: 268

Vave.com - Crypto Casino

maybe those who get a little profit because they go into crypto when prices are high, should be when the bear market is in action now they should take it and hold it long term at least 4 years from now I think it will be a good investment and a pretty big return , strangely sometimes people leave crypto during a bear market like this and don't take the opportunity to invest

adzino

copper member

Activity: 2968

Merit: 574

www.Crypto.Games: Multiple coins, multiple games

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

Nearly half of US adults say their crypto punts are worse than expected: Survey
-snip-

Because they never researched the market and they thought they could make some quick profit within short period of time. Most of them invested due to FOMO and when they see the price crashing, they start regretting.

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

-snip-
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. 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.

They aren't investing in just some altcoins. They are investing in random shitcoins with the hope of making some quick profit over night. If they had invested in one of those top altcoins, they wouldn't have lost a lot. If they invested in Ethereum a few weeks ago, they would already be enjoying some nice profits.

justdimin

hero member

Activity: 2968

Merit: 670

www.Crypto.Games: Multiple coins, multiple games

Quote from: Rufsilf on August 26, 2022, 05:04:31 PM

I'd never found it wrong investing in altcoins but what went wrong is investing shitcoins which are already flooded in the market. And if investors don't have the time to make research and just simply follow what these social media is promoting, I'm not in doubt that someone like the person mentioned by OP will fall into scam projects. And I'm not going to wonder why it is happening, I'd see this thing very common, especially if we are too careless and have no market experience as we jump without even doing any simple research.

Shitcoins are often mistaken as an altcoin because they are on one category but a good research will let you eliminate them. For those who are experts I think they can invest in shitcoins and incur only minimal losses because they already know how they work but for a newbie, that isn't advisable. They better stick on the safe coins first.

It's not that people have gone in the wrong way because even us who have experienced already and will prefer top coins the most, can still be able to lose. Loses are just normal and part of this crypto game but those who lose because they choose the wrong way, can always correct their path. It's not too late yet.

GigaBit

hero member

Activity: 1568

Merit: 510

Leading Crypto Sports Betting & Casino Platform

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. 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.

Bitcoin has always reach all-time-high. Many people that complained before the present all-time-high with unrealized losses (people that did not sell when they were losing) later gained and were all happy, bitcoin increased from $19500 all-time-high in 2017 to $69000 all-time-high in 2021. Bitcoin market has been unfavorable this year but which people that know about bitcoin are not surprised about, they have predicted this bear market before it happened. 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.

When it comes to investing, we often make mistakes in choosing crypto assets. That's why we should know about any asset with utmost importance.
There are many differences between Bitcoin and Altcoins. For example, Bitcoin is called decentralized while Altcoins are called centralized. ATH happens easily with Bitcoin but very rarely with Altcoins. Bitcoin is the only one crypto where thousands of altcoins exits in current crypto market and new coins are constantly being added to the cryptomarket. An investor should take decision keeping in mind the above points.

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Viscore on August 26, 2022, 05:21:20 PM

Quote from: maydna on August 26, 2022, 10:52:24 AM

The biggest mistake people make investing in crypto is not looking for more information and just trying to follow the rumors to buy a coin they think will explode in no time. But the reality is not so because the coins they buy do not provide as much profit as they think.

And if they invest in bitcoin, they also don't predict when to buy bitcoin but follow what is presented through many websites about it will increase in a short time, so buy it before it's too late. Once again, reality didn't turn out the way they wanted. That makes many people suffer losses in investing in crypto and say that crypto is a scam.

Mostly, losses in crypto become possible because they invested in the wrong coins particularly in those hyped coins as they thought they will gain quick profits. But it turned out that instead of making profits, they fall into more losses. However, if people chose to invest in bitcoin and buy them while the price is still cheap, then losses will not be possible as they won't be selling of course when the price is not yet profitable.

It is also possible that they lost money because they bought bitcoin at a high price, they did not research everything carefully before buying and they only bought when someone recommended that bitcoin will increase in price in the future if they buy bitcoin, they did not receive a warning about the short-term volatility of bitcoin. Buying bitcoin is the right thing to do, but at what price we buy is the key to making a profit.
It can be said that the cause of the loss is not due to the market or anyone, but because they themselves were too hasty to invest when they did not have enough knowledge and experience.

Xxmodded

sr. member

Activity: 2254

Merit: 309

Seabet.io | Crypto-Casino

I don't think with people losses but mistake made when bitcoin looks as hype reaching all time high price above $60,000 and many issues talking about bitcoin will reach above $100,000. First mistake why many people want to invest their money in bitcoin trough 2021 because they have filled on their mind about bitcoin will reach above $100,000. But what happen right now far away from their predicting and bitcoin price drastically drop under $21,000 right now. I think basic mistake made by new investor coming in bitcoin and they do not know about all time high price of bitcoin, but after investing and keep holding their assets until bitcoin dump right now know not all trues about bitcoin will reach above $100,000.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Inwestour on August 26, 2022, 11:44:43 AM

Quote from: maydna on August 26, 2022, 10:52:24 AM

~snip~

I noticed such a trend that in the phase of the bear market, people simply stop being interested in cryptocurrencies the way they did in the bull market. This is a mistake, because right now the best prices to buy, perhaps we will not see the lowest price any more, and after accumulation we will see an increase, but then it will be too late to buy, since the best time with the lowest price will already be lost. I buy bitcoin every time I have the opportunity to do so, and I have confidence that my investment will bring me good returns, I buy for the long term and therefore do not try to catch the lowest price, I just buy when I have the opportunity.

I guess it's normal because they've had bad experiences buying bitcoins. And it's all because they don't analyze where bitcoin is going, so they make mistakes. But, if they are willing to learn from those mistakes, they will find that now is a good time to buy, especially since we are seeing a sharp decline in bitcoin and altcoins. If they can use the present to invest in bitcoin and altcoins, they will be able to profit in the future.

Quote from: Viscore on August 26, 2022, 05:21:20 PM

Quote from: maydna on August 26, 2022, 10:52:24 AM

~snip~

Mostly, losses in crypto become possible because they invested in the wrong coins particularly in those hyped coins as they thought they will gain quick profits. But it turned out that instead of making profits, they fall into more losses. However, if people chose to invest in bitcoin and buy them while the price is still cheap, then losses will not be possible as they won't be selling of course when the price is not yet profitable.

That's true. They don't think about analyzing the coin and instead follow what they see on social media that says to invest in a particular coin. Their attention is divided because there are so many suggestions they find on social media that they don't think long to analyze, and in the end, they buy the wrong coin. But if they decide to only invest in bitcoin, especially at this time, they will see how much profit they will make once the price starts to increase again.

Lanatsa

hero member

Activity: 2856

Merit: 655

Quote from: TimeTeller on August 26, 2022, 07:02:42 PM

Quote from: CryptSafe on August 26, 2022, 06:02:10 PM

Having losses is also part of the game as long as Crypto is concerned but it is likely those that do not have idea how the system works that have such experience. Sometimes, not going the right way affects as well as not doing the right thing. In most cases, people fail to properly watch out for red flags before going in and it however results to their woes as a result of their negligence. For instance if a person is new to trading and wants to trade should know when the market is favourable to trade is buying and selling and not just to rush into it. This however leads to had I known which is not good for an experience.

It is known that many newcomers have the notion that this market is the easy way to get rich.
But later on, they will realize that there's more than meets the eyes in this industry.
Because if they will blindly trade without learning the basics, they will surely lose without a fight.
But losses here is normal, I believe, even long-timers can still lose if they are not careful with their steps.
Because the truth is, we don't know where the coin is heading to, which is why we are all just speculators.

We are all speculators here on this market considering that this had been unpredictable since from the start and there's no way that we could really predict on where it would be going.

When newbies do really see people out there flexing up their trading earnings then you would really be having that impression that it would really be easy and you can do it too without any problems.

Losses are indeed normal but if you arent really that knowledgeable then you are just simply doing gambling because you dont really have any idea on what you are doing.

TimeTeller

hero member

Activity: 2730

Merit: 588

Quote from: CryptSafe on August 26, 2022, 06:02:10 PM

Having losses is also part of the game as long as Crypto is concerned but it is likely those that do not have idea how the system works that have such experience. Sometimes, not going the right way affects as well as not doing the right thing. In most cases, people fail to properly watch out for red flags before going in and it however results to their woes as a result of their negligence. For instance if a person is new to trading and wants to trade should know when the market is favourable to trade is buying and selling and not just to rush into it. This however leads to had I known which is not good for an experience.

It is known that many newcomers have the notion that this market is the easy way to get rich.
But later on, they will realize that there's more than meets the eyes in this industry.
Because if they will blindly trade without learning the basics, they will surely lose without a fight.
But losses here is normal, I believe, even long-timers can still lose if they are not careful with their steps.
Because the truth is, we don't know where the coin is heading to, which is why we are all just speculators.

CryptSafe

sr. member

Activity: 728

Merit: 421

Having losses is also part of the game as long as Crypto is concerned but it is likely those that do not have idea how the system works that have such experience. Sometimes, not going the right way affects as well as not doing the right thing. In most cases, people fail to properly watch out for red flags before going in and it however results to their woes as a result of their negligence. For instance if a person is new to trading and wants to trade should know when the market is favourable to trade is buying and selling and not just to rush into it. This however leads to had I known which is not good for an experience.

Viscore

hero member

Activity: 3038

Merit: 647

Quote from: maydna on August 26, 2022, 10:52:24 AM

The biggest mistake people make investing in crypto is not looking for more information and just trying to follow the rumors to buy a coin they think will explode in no time. But the reality is not so because the coins they buy do not provide as much profit as they think.

And if they invest in bitcoin, they also don't predict when to buy bitcoin but follow what is presented through many websites about it will increase in a short time, so buy it before it's too late. Once again, reality didn't turn out the way they wanted. That makes many people suffer losses in investing in crypto and say that crypto is a scam.

Mostly, losses in crypto become possible because they invested in the wrong coins particularly in those hyped coins as they thought they will gain quick profits. But it turned out that instead of making profits, they fall into more losses. However, if people chose to invest in bitcoin and buy them while the price is still cheap, then losses will not be possible as they won't be selling of course when the price is not yet profitable.

KingsDen

legendary

Activity: 1092

Merit: 1024

Goodnight, o_e_l_e_o 🌹

Quote from: hatshepsut93 on August 26, 2022, 04:48:33 PM

On one hand its their own fault that they set their expectations too high and the reality proved different from them, on the other hand if crypto disappoints people, it would mean lower interest and probably further disappointment as the result. Crypto is very sensitive to public perception and hype, so this pessimism could be pretty bad for the market.

I went through the article and I tried my best to filter the categories of people interviewed. When I heard of the statement "They thought crypto will make them rich", I understood that this was category of newbies who has the mindset of get rich quick scheme.
I have been in this forum from last year, and I am making some investments. I already know the outcome of my investment in terms of profits and losses. So, either ways it goes I won't be disappointed because I had already weighed the situations and decided on the amount I am able to invest. I can strongly say that I cannot be disappointed by crypto. The only disappointment that could face me will be a general disappointment, such as if bitcoin refuses to bull after 2024/25 halving.

Rufsilf

sr. member

Activity: 1722

Merit: 309

Leading Crypto Sports Betting & Casino Platform

I'd never found it wrong investing in altcoins but what went wrong is investing shitcoins which are already flooded in the market. And if investors don't have the time to make research and just simply follow what these social media is promoting, I'm not in doubt that someone like the person mentioned by OP will fall into scam projects. And I'm not going to wonder why it is happening, I'd see this thing very common, especially if we are too careless and have no market experience as we jump without even doing any simple research.

hatshepsut93

legendary

Activity: 2954

Merit: 2145

On one hand its their own fault that they set their expectations too high and the reality proved different from them, on the other hand if crypto disappoints people, it would mean lower interest and probably further disappointment as the result. Crypto is very sensitive to public perception and hype, so this pessimism could be pretty bad for the market.

Fivestar4everMVP

legendary

Activity: 2254

Merit: 1052

Leading Crypto Sports Betting & Casino Platform

If we should go deeper into the minds of those 46 percent who said their crypto investment didn't go as they expected it to, we all will probably discover that they expected to make huge profits on their crypto investments in a very short period of time, that is getting rich overnight.
We all know that things don't work that way, and this is not me ruling out the possibility of getting rich quick through crypto entirely, but am pointing to the fact that this only happen on rare occasions and to very few extremely lucky ones who happen to have invested in the right coin at the right time.

Investment in altcoins can be very risky, but can bring great returns if one is lucky, while investing in bitcoin is more like the investors safe heaven, but it's profit come in a longer term than short term.
So, those who invested in bitcoin and say they didn't make a profit weren't really patient enough.
And those who invested in altcoins and didn't make a profit were probably not lucky enough to be invested in the right altcoin and at the right time.

The Cryptovator

legendary

Activity: 2268

Merit: 2191

Signature Space For Rent

Who wants to become rich over the night, crypto is not for them. they should do bank robbery or any other things. I think most of the people included in the survey chose some worst shit coin so they must lose a big amount. Even bought Bitcoin in ATH and also lost a couple of x from that price. So if people don't have enough patience they can't make a profit. I can say they just come on the crypto just to become a millionaire or something like that. They just jump into crypto to get a profit but they don't know how to make a profit from crypto. It is not easy like pump dump shit coin and as we know everyone cannot be a gainer from the pump dump shit coin. If you want to make money from crypto then you must be a strong holder.

suzanne5223

hero member

Activity: 2646

Merit: 651

Want top-notch marketing for your project, Hire me

The people that complain about their crypto investment being worse than expected definitely not going the right way or don't have adequate knowledge about the crypto winter market due to countless threads I have seen on this forum where some people are asking questions if it's possible for us to see another ATH price because they didn't understand that the market cannot always be in bullish.
Crypto investment is just like gambling and there's no way they will win the game if they didn't understand the game rules.

Franctoshi

hero member

Activity: 840

Merit: 569

Imo, 46% of these people could be people that bought at the top $69k , And also I guess that majority of these people would be new investors that have actually not experienced the Crypto bear market/winter before, hence their crypto returns becomes least expected Most expecially the shitcoiners portfolio will be on extremely Red, because they got in hopping that Bitcoin was going to $100k to drive the entire market and reverse was the case. Therefore, regardless of the Crypto portfolio that they hold someone that bought at the top will definitely be seeing an unexpected returns by now. The only one thing they have to do is HODL.

Henrobakkara

full member

Activity: 1512

Merit: 115

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

Nearly half of US adults say their crypto punts are worse than expected: Survey

Quote

It's too bad, as a majority of the crypto investors surveyed said they became interested in crypto as they thought it was a good way to make money.

Amid the ongoing crypto winter, new data from a Pew Research Centre survey has shown that 46% of adult crypto users in the United States are seeing lower than expected returns on their crypto investments.

The survey gathered responses from over 6,000 randomly-selected adults across the United States, with panelists participating in self-administered web surveys.

Conducted from July 5 to 22 of this year, the majority of respondents who said they had invested in crypto said they saw lower than expected returns than expected while only 15% of people surveyed said their crypto investments had done better than expected. Meanwhile, around 31% said it was "about the same as they expected."

To read the news in details, you can follow the above link.

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. 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.

Bitcoin has always reach all-time-high. Many people that complained before the present all-time-high with unrealized losses (people that did not sell when they were losing) later gained and were all happy, bitcoin increased from $19500 all-time-high in 2017 to $69000 all-time-high in 2021. Bitcoin market has been unfavorable this year but which people that know about bitcoin are not surprised about, they have predicted this bear market before it happened. 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.

It is simple in my opinion. As you asked, I believe that people are not doing it right for those that are complaining of losses. People have believed that crypto brings profits so without considering when to invest and understanding the market fundamentals, they invest blindly and can have major losses in this case. Like the scenario on 2017-2021, you pointed out, only those that understand that you need to be patient with the market would have been able to make it during that period and likewise those that do their due diligence before investing will not just invest in just any crypto project that might not be able to withstand the bear market. So, investors have to take everything into consideration else they will fall into this complaining group of investors.

Topic: Having losses? Or people are not going the right way - page 4. (Read 564 times)