Topic: Mistakes That Make You Poor Poor In Cryptocurrency - page 26. (Read 6931 times)
crypto currency has a big risk starting from the risk to the security of the wallet that you use and about the use of crypto itself because if we are not careful then we can lose all our money in crypto
There are so many mistakes to be consider with regards to your status as far as cryptocurrencies are concern. In my opinion, one of the common mistake is not grabbing the opportunity to buy bitcoin and other cryptos while their market price is just very low.
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.
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.
Good List but you missed the main one, it is GREED! That is one factor which makes us poor while investing in cryptos. I know a lot of people who had bought bitcoin during late 2017 and proudly announced that move in facebook with a lot of hashtags. All of them are in loss today. SOme of them even used their credit card to purchase bitcoin hoping to make astronomical profit to cover the credit card interest fees and enjoy with the rest of the money.
GREED is one factor that drives us towards unrealistic profit making businesses. If greed is the factor that drives your instinct, you are pretty much doomed before you even start.
The term GREED is not appropriate because we are all greedy to some extent weather the profit is realistic or not but rather the term inexperience is more appropriate as I read the definition you are mentioning. To be greedy is natural provided you do not do anything illegal or something that may harm other people.
Maybe that is possible the reason why the other people are losing their money to cryptocurrency, but the most people why they lose their money because they get a coin who are not worth it to invest. Other are hack their wallet and many other reason. What ever the reason why their lose their money because of cryptocurrency . Make sure once you are in the cryptocurrency you are ready of what possible to happen because high chance to lose money because of the coin dumping and also the hacker who wants to hack your wallet.
I lost a lot of money in trading too =(
Day trading and swing trading are very common mistakes people do in the beginning.
Day trading and swing trading are very common mistakes people do in the beginning.
Actually mistakes in cryptocurrency is very delicate because it deals with the money and chances of having a good life, if you think that you are wrong, treat it a lesson to learn for your own reference in cryto.
Yes, we definitely need to be very careful when moving in the crypto money market. Things can go a lot worse.
Mistakes can be a lesson to us maybe we loss some but surely in the next day round you will be very productive, and all of your losses will be manage to recover because of that mistake you will learn and more technique to be done in crypto.
Probably the biggest mistake that makes you poor in the market of cryptocurrencies are the mistaken expectations that people have about this market, many people enter this market thinking they are going to become really rich in just a few months and that is not the way it works, if you are lucky you will become successful in a few years but only if you take the right decisions.
It is actually not like that. Mistakes can be productive if you learn form those mistakes. In general, some mistake occur in Crypto trading like as, no knowledge that they often go to fraud sites that harming many people , especially in the selection of junk coins as now, instead of going up just to keep silent on that number alone for a long time, the panic will be very dangerous for yourself, think realistically do not expect too much to earn more money, but that's not the fact it will frustrating, ordinary-minded and trying to analyze every desire to invest or whatever.
Mistakes can make you 100% poor. It is essential that you do not have to make those mistakes, and that money is very risky. Those who do not have knowlodge, these are the people who have lost many of these fraudulent things.
I think Greediness also guides you in losing money. Jealousy will also cause problems like your account will be hacked or you can be easily deceived.
There is a common mistake that makes you lose profits like investing without knowledge about it. There are many ICO projects that are increasing at this time so that a common type of investor error is that they jump easily into the project without collateral. That's why on the contrary they will get more losses. money.
I agree to the people who said that greediness is the one that makes your poor in Cryptocurrency, it's one of the main reason why people fail at their first investment, some people experience a big loss, because of greediness. I guess, going with the trend and believing some post easily leads to loss too, because some of it are fake news, if you really want to be a successful trader, you need to take out this two attitudes, because it's the biggest conflict of all.
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 bold the word greed because it is the main reason why there are many people who fall when investing in cryptocurrency. Greediness leads everyone in a wrong decision. 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.
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 am not so worried about security, I am very confident with the security of my wallet.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 am more aware of fraud.
4. Buy Coin With Rumors
Things like this that I often see in this forum, people just buy coin without any proper research about it's coin, they just easily investing their money because many people say it's good coin.
Yes, we definitely need to be very careful when moving in the crypto money market. Things can go a lot worse.
Yes, before we start to invest in cryptocurrency we need knowledge about it, cause if we don't have it may cause lose our money. We need to be careful to choose what kind of cryptocurrency we make to invest we need some research if they crypto is worth it or not, cause in a wrong decision we lose our money.
I always make mistakes in point number 4. I am always enthusiastic about the rumors of new coins and the projects that are considered promising. but all that can change drastically, starting from understanding the good and potential ico selection.
In my opinion crypto is one of the few businesses that still operate in a profitable manner. There are definitely risks involved, but those are in every business. Yet i believe that the risks for crypto are still lower than any other real business
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.
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.
Good List but you missed the main one, it is GREED! That is one factor which makes us poor while investing in cryptos. I know a lot of people who had bought bitcoin during late 2017 and proudly announced that move in facebook with a lot of hashtags. All of them are in loss today. SOme of them even used their credit card to purchase bitcoin hoping to make astronomical profit to cover the credit card interest fees and enjoy with the rest of the money.
GREED is one factor that drives us towards unrealistic profit making businesses. If greed is the factor that drives your instinct, you are pretty much doomed before you even start.
Greediness doesn't always cause harm to us, sometimes it is the one that gives us more of what we wanted to have, but sometimes if you are not going to balance your greed then I agree in what you have said about it. This mistakes that we could accidentally do based on what OP said is not going to makes us poor in cryptocurrency world, well I guess it depends on how we are going to handle it.
If we are going to take it as a lesson, then it could be our guide for not to do the same mistakes again, or if we are going to take it in a negative way, then we are going to be depressed about it, and give up in the end.
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.
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.
Good List but you missed the main one, it is GREED! That is one factor which makes us poor while investing in cryptos. I know a lot of people who had bought bitcoin during late 2017 and proudly announced that move in facebook with a lot of hashtags. All of them are in loss today. SOme of them even used their credit card to purchase bitcoin hoping to make astronomical profit to cover the credit card interest fees and enjoy with the rest of the money.
GREED is one factor that drives us towards unrealistic profit making businesses. If greed is the factor that drives your instinct, you are pretty much doomed before you even start.
I agree very much with the "Greed" aspect. Many people lose their minds, and most importantly, their money because they want to earn so much more, due to that greedy intent, they forget to see the holes that makes an investment a bad one, or they also forget to study the background of the investments they follow, and so, in turn, it makes them lose their investments and get nothing in return. In the cryptocurrency market, everything should be well-planned to at least make sure that investments would find success.
The top reason that made them poor poor for certain is that they buy coin because of rumours. It don't work now these days and even if it does, these traders don't how pump and dump works. They should have sold it on that moment because it just goes crashing after.
and also they only put their money into one portofolio,they dont diversify their asset into some potential coins or tokens.Diversifying is a good thing but there are people who got rich of investing in one coin, with some luck it can be done.
I would say the most important thing you can do is research the tech and the team behind that tech.
These mistakes are common mistakes made by novices!
The wrong analysis of prices is the main reason why many people lose money! Buy at high prices, sell at low prices, this is the main reason for losing money!
The wrong analysis of prices is the main reason why many people lose money! Buy at high prices, sell at low prices, this is the main reason for losing money!
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