Mistakes That Make You Poor Poor In Cryptocurrency - page 22.

DOH!

full member

Activity: 784

Merit: 108

Quote from: iMark on September 20, 2018, 03:10:57 AM

Quote from: aeternus on September 19, 2018, 11:16:56 PM

The me one of the biggest mistakes that people do when they are in the market of cryptocurrencies is to trade without a plan, many people try to become traders without any experience and as you may guess the success rate is very low, not only because they have almost no knowledge about how to trade but because they have no plan, they let their emotions take control of them and that is the fastest way to become poor in cryptocurrencies.

Agree many people actually enter the trade without any knowledge capital, so what they will get is only a loss because trading does
not only require luck to win? you should learn first before joining, make a plan and strategy, and keep trying and don't give up easily

Many people invest cryptocurrency but have no knowledge of financial investments and crypto, they only invest because they think they can get huge profits from this market. Nothing is easy in financial investment and success comes only to who really takes enough time and effort.

Saripondso

newbie

Activity: 35

Merit: 0

One more mistake that is really easy to see is that people buy cryptocurrency follow trend, without any knowledge about it. i think whenever you invest in something, you must understand it and know about it

BitcoinTurk

hero member

Activity: 1666

Merit: 629

Quote from: zeingrind777 on July 10, 2018, 05:06:55 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.

I would like to state that you have touched on very nice details. I would also like to point out that new investors, especially the uninformed investors, make mistakes very often and therefore can never generate income. In addition, the point of trade that I want to mention in addition to the mentioned items is that many new investors are constantly losing money in this area. At the other point, ICO investments have been stated by the uninformed investors because they believe that each project will save money and thus lose their investment. There is only one thing that needs to be done in order not to make such simple mistakes. Investments should always be done before the investment, all risks and factors should be known and transactions should be made.

finlandais

full member

Activity: 397

Merit: 100

Various things should be kept in mind before dealing with cryptocurrency.If we are using cryptocurrency we need to be more secure and aware about certain things.Don't share your wallet password with anyone so that no one should use BTC from your wallet because this can make you poor.Try to use it for good purpose.Don't invest your full amount in it because if you get loss all your money will be wasted.

aeternus

sr. member

Activity: 686

Merit: 250

Quote from: dr_chen on September 20, 2018, 02:17:14 AM

To me, it is a big mistake to buying crypto and trade very often, only according to rumors in cryptocurrency market. Best choice to lose capital soon.

And yet that is the way people think that they're going to make a lot of money, trading every day and seeing the charts for hours and holding their positions for minutes and that is not the way it works, a trader needs to enter a market when he's absolutely sure about what he's going to do if things go right and even more importantly he's completely sure about what he's going to do when things go wrong.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: aeternus on September 19, 2018, 11:16:56 PM

The me one of the biggest mistakes that people do when they are in the market of cryptocurrencies is to trade without a plan, many people try to become traders without any experience and as you may guess the success rate is very low, not only because they have almost no knowledge about how to trade but because they have no plan, they let their emotions take control of them and that is the fastest way to become poor in cryptocurrencies.

Agree many people actually enter the trade without any knowledge capital, so what they will get is only a loss because trading does
not only require luck to win? you should learn first before joining, make a plan and strategy, and keep trying and don't give up easily

dr_chen

sr. member

Activity: 494

Merit: 250

To me, it is a big mistake to buying crypto and trade very often, only according to rumors in cryptocurrency market. Best choice to lose capital soon.

serjent05

legendary

Activity: 2884

Merit: 1258

Up to 300% + 200 FS deposit bonuses

Quote from: Angi on September 20, 2018, 01:44:05 AM

Even though you have this strong security in your account of wallet if you careless of it. it can still get you because people confidence in something is not sure that it is safe so if you want not to loss money be careful to what you click.

Strong security involves ourseves in the layers of protection and should start with us

It is not strong if you are careless.

Quote from: beezare on September 20, 2018, 01:35:03 AM

yes that's true, we must be careful when deciding to join the crypto currency because if we make a mistake we can become a loss and become poor, learn coins and market movements well, save private keys safely

That is why we need to know the basics and research our every move. It is not wrong to be cautious. Jumping into investment because of hype and rumor is the worst step an investor can make.

Quote from: Samuel Cofie on September 19, 2018, 07:14:07 PM

Ever since i joined crypto, i have made couple of mistakes which i regret greatly. Although my mistakes did not cause me a fortune, i am not looking forward to repeating them ever again.

Every beginner have their own mistakes the best thing is learning from those mistakes. I had also one and that is not using 2fa in an exchange and I learned a lot from it since my account was hacked and all my coins on that exchange were gone. It is really good to have layers of security in our account and never use the same password in your accounts.

Angi

full member

Activity: 560

Merit: 100

Even though you have this strong security in your account of wallet if you careless of it. it can still get you because people confidence in something is not sure that it is safe so if you want not to loss money be careful to what you click.

beezare

full member

Activity: 392

Merit: 100

yes that's true, we must be careful when deciding to join the crypto currency because if we make a mistake we can become a loss and become poor, learn coins and market movements well, save private keys safely

aeternus

sr. member

Activity: 686

Merit: 250

The me one of the biggest mistakes that people do when they are in the market of cryptocurrencies is to trade without a plan, many people try to become traders without any experience and as you may guess the success rate is very low, not only because they have almost no knowledge about how to trade but because they have no plan, they let their emotions take control of them and that is the fastest way to become poor in cryptocurrencies.

Samuel Cofie

newbie

Activity: 58

Merit: 0

Ever since i joined crypto, i have made couple of mistakes which i regret greatly. Although my mistakes did not cause me a fortune, i am not looking forward to repeating them ever again.

oktana

sr. member

Activity: 1582

Merit: 281

Eloncoin.org - Mars, here we come!

Of course that is the risk that if we have entered Crypto because the existing system is decentralized then all responsibility lies with ourselves as you say if there is a problem that occurs in our assets there is nothing that can be accounted for, thus strengthening the existing security system on all devices used to store your assets such as security at the bank.

BitSat

sr. member

Activity: 700

Merit: 251

When started entering this market thinking that it is an easy access to become fortunate not doing their own research and assume or relied only with someone who's much earlier than them to enter the market those things that needed to be learned should be taking into credit and be reviewed. I burnt my fingers with my investment due to lack of knowledge before investing. Also I bought Coin on Rumors and hype, it latter turn out to be a fake hype.

gamechangers

member

Activity: 392

Merit: 10

This piece is highly appreciated. Despite all professional guidelines on how to manage yourself in the cryptocurrency world, we still find out that people still make horrible mistakes that lead to loss of cryptocurrencies. In addition to what you have said, it is quite funny to realize that people still take loan and sell their properties to invest in cryptocurrency.

kangkilokang

member

Activity: 530

Merit: 10

Revolutionizing Crypto Payment Solutions

mistakes in following bad investments from hyip mining programs and many things related to crypto ponzi, this is my worst experience because it was the beginning I was involved in cryptocurrency.

But after getting to know this forum, I experienced a total change and decided not to give up, basically in crypto-everything was determined by ourselves without the need for full help from others, and this is very important in determining the investment decisions we want, or even trading every day.

Omegasun

hero member

Activity: 742

Merit: 500

Quote from: BitTraderCute on September 19, 2018, 11:45:17 AM

Quote from: MRY on September 19, 2018, 06:43:33 AM

before deciding to invest in the crypto currency then we must know and understand the risks, do it at the right time and the coin that has good movement so we will get a profit, keep the key private well don't tell others

and we should to know this risk could come in various ways.maybe we were careless with our private key so hacker could access it.and sometimes we make mistakes in our trading analisys.

Being poor in many ways can lead to not a good outcome, poor in analyzing coins, poor in determination and whatsoever. We don really need much money to be successful in crypto what we need is to see what coins will have future in an unstable market.

BitTraderCute

full member

Activity: 899

Merit: 101

Quote from: MRY on September 19, 2018, 06:43:33 AM

before deciding to invest in the crypto currency then we must know and understand the risks, do it at the right time and the coin that has good movement so we will get a profit, keep the key private well don't tell others

and we should to know this risk could come in various ways.maybe we were careless with our private key so hacker could access it.and sometimes we make mistakes in our trading analisys.

jagdeepjd

sr. member

Activity: 700

Merit: 251

Quote from: zeingrind777 on July 10, 2018, 05:06:55 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.

Yeah, all the above-mentioned things will make you lose your crypto coins so its better if your holding is worth more than 500$ then go for a ledger nano s or trezor hardware wallet to keep your funds safe trust me its worth it.
Apart from these, you can also get poor if you trade recklessly so better be up to the mark if you come to this game.

Janation

hero member

Activity: 1722

Merit: 528

I guess there are a lot of mistakes I've done as a newbie on investing in these cryptocurrencies and I guess the worst there is being a weak-handed investor.

I've invested on a lot of new projects thay in the future created huge price changes and I am still regretting that I did not hold that for a ling time. I've been excited to sell immediately because thay is the first time I've earned money out of these crytocurrencies.

Topic: Mistakes That Make You Poor Poor In Cryptocurrency - page 22. (Read 6931 times)