Topic: Having losses? Or people are not going the right way - page 5. (Read 564 times)

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.

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.

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

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.

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.

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.

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.

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.