Topic: Having losses? Or people are not going the right way - page 5. (Read 855 times)

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.

This is like 2017-2018.

Many have thought that the all time high don't have an end. And the idea of investing in altcoins is because mainly due to the hype that it had brought to the market.

That's why they all thought that it's the best vehicle in the market rather than go with the stable, slow move with bitcoin and other common cryptocurrencies that are also in the top.

We all do and it's just a matter of time.

most of the people only invest in tokens that offer high returns, especially in yesterday's Defi trend where many tokens offer high APY. whereas if they invest in a coin like BTC or ETH and hold it for a long period of time, they might be able to make a profit.

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.

Doesn't seem like they actually lost out but rather instead their profits were less than expected? So I guess any of them weren't really losing anything nor have they really made any wrong general investment decisions since they still ultimately profited. It is kind of weird how they expected or thought of crypto as an easy way to make money, it may have been true foe the early days but I don't think it applies to recent times now, not to mention it also requires a lot of know-how on what to do to exactly profit.

Most of the people got in during the peak of the market when the hype is so strong.  It is obvious that when the hype fade, the price will correct itself, and those who invested in it will surely suffer losses.  Those who invested in BTC are definitely going the right way but most of them lack knowledge and patience so they derail from the correct path and give up their holdings at a lost.  If they only intended to hold for a long term, I think the survey won't have the same result. 
While those who invested on altcoins that are shitcoin and are only driven by hype, are definitely in the wrong way.

This snippet sums it all up, if you are interested in crypto because you think you can just come and make money, you may be walking into your waterloo, i have learnt from this forum that crypto is not a "get rich quick plan".

Many of the people that took this survey bought coins and tokens without checking and examining it, i feel that is the earliest mistake people that want to be rich by buying crypto make, when they don't examine and buy, thy end up buying many altcoins and hold it thinking they have diversified and profit is sure, but that is the beginning of the end for them. Long story short, they end up as bagholders.

It goes without saying that people that want fast money also invest in bitcoin, still without examining, so they feel their returns can come as quickly as they want, they do not know they have to hold for the long period. Long story short, they sell early and lose. The genesis of the problem people have with crypto generally is they don't examine or study before investing, so their expectations cannot be achieved.

of no doubt there's high volatility in altcoins, the risk is high as well than the profit it gives, whenever the bitcoin price falls, the higher they can rise the higher they fall, some of them never recover from such loss because they fell to an extent of not recovering, people often refer altcoins as shitcoins because of this heart breaking occurrence of one day life another day death, but few among them maintain the stay but no guarantee that they can play the role and steadfastness of bitcoin, it's better to stay safe with bitcoin than rotating round about altcurrencies.


since bitcoin is the king of cryptocurrency, anyone interested to invest should at least start with bitcoin, gather momentum and experience for two years or more, understand how to speculate price and buying techniques because giving altcoin an attempt, but because most people wanted to treat altcoins as ponzi where they can amass wealth within a short time they got stuck along the way, that's why bitcoin set the pace for other cryptocurrencies, buy bitcoin when dip and sell when high, but this doesn't actually work with many altcoins that way.


it is possible but we have to get close to 2024 halving or right immediately after the halving, a new ATH will definitely set in, those that have invested during dip will have lot reasons to smile.

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


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.