Mistakes That Make You Poor Poor In Cryptocurrency - page 11.

darkr

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Quote from: NickVick on November 23, 2018, 03:53:24 AM

Quote from: zeingrind777 on July 10, 2018, 04:06:55 AM

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

Even we don't have any of your list but I can not be patient and sell my crypto now, it also the reason can make me poorer and poorer in cryptocurrency.

If you sell altcoins now, you will regret this decision later. Do not trust the people that persuade us: the market is going to die soon. Their aim is to see the cheapest cryptos to buy them.

Opnsrc

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Quote from: juperos on November 21, 2018, 07:21:58 AM

One more thing is the unplanned investment and the clear strategy. Investors now often do not set goals for profit and they let emotion decide everything. That is a very serious mistake.

Although it is very difficult, you must forget about the emotions when you work with the cryptocurrencies. An emotional person makes more mistakes than the individual who has a cold mind and a clear head.

bakkang

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Quote from: zeingrind777 on July 10, 2018, 04:06:55 AM

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

Other than what you are mentioned above, i think the mistakes that make you poor in cryptocurrency is not having an effective strategy in dealing with crypto especially when bitcoin dumps everyone is in panic selling. So i think we need to be knowledgeable especially on how crypto works.

carriebee

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Quote from: alonelyorange on November 22, 2018, 10:50:12 PM

Bad mistake I made in crypto currency and make me poor is keep holding my asset have higher price, I faith because my asset could raised to higher price and I keep hold it until all of my asset do not have price and drop.

The same this is most mistakes happen in me by holding the coins at a higher price aiming to earn big profit. We did not think that price could drops very low so the next time we must think of be wise enough so we can earn.

NickVick

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Quote from: zeingrind777 on July 10, 2018, 04:06:55 AM

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

Even we don't have any of your list but I can not be patient and sell my crypto now, it also the reason can make me poorer and poorer in cryptocurrency.

alonelyorange

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Bad mistake I made in crypto currency and make me poor is keep holding my asset have higher price, I faith because my asset could raised to higher price and I keep hold it until all of my asset do not have price and drop.

Aldrinx00

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I think we all do mistakes in our life and cryptocurrency is not an exception, of course this is normal because we are not expert when we stumble upon crypto then the next thing we knew we just lost some of our investment. However this is a learning experience and with that mistake we will be more careful and intelligent especially on investment.

Olaiasal11

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Quote from: zeingrind777 on July 10, 2018, 04:06:55 AM

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

Here if I or someone you lose something or someone cheats us then we can not do anything. Because there is no authority here.
So we all have to be careful. We will have to verify each of our issues.

shield132

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As it seems from overall posts, people discuss on different aspects of what can make you poor in crypto currency. By the way I have absolutely different proposal in this situation. It's your lack of optimism in bitcoin, I say this because I was laughing on people who were saying bitcoin would reach 20K in 2018 year, I sold them when I had to buy them instead of selling, gained only small profit. That step can make you poor in cryptocurrency but that is nothing if you hold bitcoins and sell them when price falls, it's a huge mistake and poorer step.

Lorin

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Mistakes are one of the reason why we failed in crypto. But those mistakes can be use to stand again and continue what we started. Never be affected by your emotions because it may cause you loose or make decisions that will reget you in the end.

resty

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Quote from: zeingrind777 on July 10, 2018, 04:06:55 AM

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

That is true, Crypto currency needs a lot of common sense, knowledge and focus not all the time we are perfect because we are only a human that prone of mistakes but we have to force our selves to prevent a victim of hacking stealing and wrong processed of any kind of procedure that possible to brings us to more mistakes because of a lack of understanding.

Lady Coquet

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Quote from: zeingrind777 on July 10, 2018, 04:06:55 AM

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

Everything in cryptocurrency is a risk, that is why you always need a good decision and strategy for you not to experience a huge loss in crypto. In cryptocurrency, you always need to have a knowledge about it for you to set up your goals, make your own strategy, not to be scam or simply be smart all about of it.

kopisusu

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everything you say is true and I totally agree with you, but everyone lose a lot of money because they don't have a lot of research or knowledge about investment and assume that all coins in crypto will provide many benefits

glowing10

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Quote from: juperos on November 21, 2018, 07:21:58 AM

One more thing is the unplanned investment and the clear strategy. Investors now often do not set goals for profit and they let emotion decide everything. That is a very serious mistake.

Emotions should be away when you trade or invest in crypto currency. It is highly risky but yet rewarding and should always have the strategy and plan to deal with the rise and fall so that you can make money in either ways and should not happen that you loose money in both up and down when markets swings.

Femhab

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I was a victim of number 6 point in several times, I invested in ICOs that later closed up or never yield anything afterwards. I'm addition, greediness has affected many people in crypto, they wait too long to book profit and in the long run they later lose all in the process.

Quarantine34

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Quote from: zeingrind777 on July 10, 2018, 04:06:55 AM

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

Yes, i strongly agree to your reasons why we are getting poor in cryptocurrency. First it is true that we need to have a back up key, second electricity billing need to be lessen so try to go to other places that the electricity bill will be lessen. Third is a bout the phishing sites, all of your tokens will be stolen, fourth buying coins with rumors? I am not buying those coins why? many people get hype when the coin is trending but the price will get a dump soon. That's all.

Crafts12

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Quote from: zeingrind777 on July 10, 2018, 04:06:55 AM

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

That was really a good factors that makes an invidual involving here be poor in cryptocurrency world. I would like to add some factors why you aren't that successful in here and that are: [1] lack of knowledge about cryptocurrency. [2] panic selling [3] unplanned investment [4] not holding and believing in the power of it. What have mentioned are the things you must avoid committing for you to be rich in here.

Kim Domingo

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Quote from: zeingrind777 on July 10, 2018, 04:06:55 AM

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

In addition to that things I can say that bad habits, procrastination, and trusting clickbaiting articles which will lead you to perform ppor decision making . I guess being knowledgeable is a very essential thing for you to prevent hackings and ant anomalies with regards to Bitcoin which may affect you as a person and as a worker since it's not that easy to invest time here just to become scammed.

yndye

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Quote from: juperos on November 21, 2018, 07:21:58 AM

One more thing is the unplanned investment and the clear strategy. Investors now often do not set goals for profit and they let emotion decide everything. That is a very serious mistake.

That is one of the grave mistakes you commit when making an investment or trade for that matter wherein you let your emotions control you so there is a tendency for you to panic buy and sell without a plan so sooner or later, you would just be eaten by your emotions being very confident not taking profit when the price is high and then when the price goes down, there is a possibility that he would just wait for it to bounce back letting the value of his coins getting smaller and smaller.

juperos

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One more thing is the unplanned investment and the clear strategy. Investors now often do not set goals for profit and they let emotion decide everything. That is a very serious mistake.

Topic: Mistakes That Make You Poor Poor In Cryptocurrency - page 11. (Read 6952 times)