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

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: Rufsilf on August 26, 2022, 04:04:31 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.

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Viscore on August 26, 2022, 04:21:20 PM

Quote from: maydna on August 26, 2022, 09:52:24 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: 2296

Merit: 315

SOL.BIOKRIPT.COM

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, 10:44:43 AM

Quote from: maydna on August 26, 2022, 09:52:24 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, 04:21:20 PM

Quote from: maydna on August 26, 2022, 09:52:24 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: 2968

Merit: 687

Quote from: TimeTeller on August 26, 2022, 06:02:42 PM

Quote from: CryptSafe on August 26, 2022, 05:02:10 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: 2744

Merit: 588

Quote from: CryptSafe on August 26, 2022, 05:02:10 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: 3178

Merit: 661

Live with peace and enjoy life!

Quote from: maydna on August 26, 2022, 09:52:24 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: 1288

Merit: 1081

Goodnight, o_e_l_e_o 🌹

Quote from: hatshepsut93 on August 26, 2022, 03:48:33 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: 1778

Merit: 309

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: 3024

Merit: 2148

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: 2422

Merit: 1083

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: 2394

Merit: 2223

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: 2660

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: 966

Merit: 588

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.

Reid

hero member

Activity: 3052

Merit: 651

The mistake that I see is thinking "it is a good way to make money". That had always been their first thought whenever they invest in crypto and the sad part is they want it fast. That's the second mistake.
Any investment takes time, you just need to know when was the right time to buy and how long are you willing to wait.
Those who want it fast should go for high risk, high rewards but it is not recommended for shallow wallets.

CryptoHeadlineNews

hero member

Activity: 1092

Merit: 747

Quote from: _act_ on August 26, 2022, 03:47:12 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.

The biggest mistake they made was venturing into what they have little or less knowledge of, because the acronym "DYOR" is one of the most commonly used when it comes to cryptocurrency which actually means to always ''Do Your Own Research'', but they never did, because in as much as you can make money from crypto, you can still lose money, which is why its always advisable to first have a brief knowledge on the basics. So if you could investigate vividly, you will only get to know that majority of those who complain about losing money to crypto were those who ventured into it without the basics, knowing it's volatile and can rise or fall anytime, but with a long run investment one could make a reasonable profit.

franky1

legendary

Activity: 4410

Merit: 4766

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

yep if you time any survey to be conducted in period that is currently low. asking people who bought on a high.. ofcourse they will tell you they are at a loss..

if you do a survey in a summer heatwave they will tell you they are hot and sweaty
if you do a survey in a winter snowstorm they will tell you they are cold and chilly

the results become meaningless because you know the answer just by the time the survey was done

surveys are useless.. here ill give you a couple situations and a question and i bet you can predict the answer

you want to interview a bunch of hikers at a mountain.
the question is:
how do you feel about the maintain trail
a. i am prepared, i think it is great
b. its long and requires alot of energy

now here is the thing..
X. you ask a bunch of people at the bottom going up the mountain
y. you ask a bunch of people at the top after climbing the mountain

now without even knowing the answers to a survey you already know majority
X.A
Y.B

Jody.Drummer

hero member

Activity: 1708

Merit: 566

Leading Crypto Sports Betting & Casino Platform

It's no wonder that only 15% of the total participants disclosed their investments during a bullrun market with yields that still have higher returns. Investing is not easy so when you look at the number of altcoins today, it depends on how they put their money into long-term investments. Based on the article you shared, I didn't find any specifications about what percentage they share in crypto, especially allocating to Bitcoin and altcoins. If you take stock of the market ups and downs that have occurred this year, it's fair to say you're only getting lower returns.

The question is quite a phenomenon that needs to be asked of them about how long they search for information before investing in crypto and how mentally prepared they are for the market conditions this year. Therefore, the DCA method must often be emphasized, even if they need to make the method one of the investment styles. If you do it all in it is difficult to get high returns.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Nobody who has HODLED for over 6 years has ever lost money. Bitcoin should be seen as a long term investment. If these guys can’t handle the heat, they should stay out of the kitchen. Great volatility is the price you pay for life changing profit. Patience is of course, key.

Topic: Having losses? Or people are not going the right way - page 4. (Read 855 times)