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Topic: Mistakes That Make You Poor Poor In Cryptocurrency - page 27. (Read 6931 times)

sr. member
Activity: 784
Merit: 250
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.
newbie
Activity: 107
Merit: 0
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.
true, there are many things that make a person suffer a loss, and sometimes mistakes made are considered small.
right, nothing can protect and compensate for all the losses that we experience, so the best solution is that we must be smart to maintain and work in crypto, so we don't make mistakes and get losses.
newbie
Activity: 176
Merit: 0
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 these, I have encountered a lack of knowledge when buying Altcoin junk, which made me unable to sell them. I consider it a mistake of myself and I need to find out thoroughly before deciding to do something. And thanks for the things you shared in this article


I agree to you as well...  That's why knowledge is really important.. Because if we didn't have this we will loss to much..  Like if we will going to invest..  If we invest easily without having our research about it.. We will loss so much that's why we needed it..  And also we need to be mentally and emotionally stable because sometimes it is the reason why lots of people failed...
newbie
Activity: 31
Merit: 0
Invest too hastily, don't have much experience in investing in cryptocurrency. It may be that other objective causes make you poorer from cryptocurrency.
member
Activity: 378
Merit: 25
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.

im sure everybody that wishes to venture in trading crypto are fully aware of these mistakes even before they entered into trading, we should really be too careful because it concerned with money, our money, trading is not a game, a joke, that every one jumps in without knowing these mistakes.
hero member
Activity: 2128
Merit: 520

to be honest , i did a lot of mistakes from the past , up until now in the crypto industry but so far those mistakes are only lite and didnt manage to make me poor instantly . those mistakes are merely wrong decesion making ( e.g buying high and then selling low , selling without waiting for the right time , got scammed by fake bounties and other micro jobs , etc  )

but overall , i didnt give up easily because i know that those failure in life is only normal  . i know that if can push myself more , i will soon achieved my dreams  .
Whenever you are still positive in any point, you will be able to survive and learned how to be much better, mistakes are common because even experience traders sometimes miscalculate the possible outcome, and with big whales manipulations its really harder predicting the right position to take, better to continue and not giving up right away those who did made a big mistake quitting without even trying much deeper.
full member
Activity: 714
Merit: 114

to be honest , i did a lot of mistakes from the past , up until now in the crypto industry but so far those mistakes are only lite and didnt manage to make me poor instantly . those mistakes are merely wrong decesion making ( e.g buying high and then selling low , selling without waiting for the right time , got scammed by fake bounties and other micro jobs , etc  )

but overall , i didnt give up easily because i know that those failure in life is only normal  . i know that if can push myself more , i will soon achieved my dreams  .
newbie
Activity: 70
Merit: 0
Yes, we definitely need to be very careful when moving in the crypto money market. Things can go a lot worse.

business in crypto is indeed very risky, one of the few decisions we take can make a lot of losses, but it all depends on how we follow price movements from time to time, before we buy we have to predict the potential of the currency, what is the price
potentially rising or even falling, we must always discuss with temperature and always learn to learn and learn, of course we can avoid bad risks.
full member
Activity: 504
Merit: 100
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.
full member
Activity: 392
Merit: 103
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 agree on this list. I also nake an additional information about mistake that make you poor. Its rushing. Doing rushing will reduce the security of your mind on its is right that i send my money to them or do i correctly put the eth addres or btc address?
hero member
Activity: 1148
Merit: 504
Emotionally and wisely in managing finances is very important in any financial field. and also maybe small things that can cause loss factors can be as big as
deciding actions in the market or not being able to maintain finances properly

Yeah sometimes the little mistakes you make can make you a big loss, like waiting too long to sell your coin while price in high
position? of course you will miss the opportunity you get big lose, or that emotional investment will make you think unclear dude
newbie
Activity: 90
Merit: 0
I have lost crypto on points 1 and 4, namely 1. It is not a backup key where my computer has a virus and must reinstall it and it makes my key wallet disappear instantly, and next 4. Buy Coins With These Rumors when I was new to crypto and I saw rumors in the telegram group and this really trapped me to buy and now I don't have a good price
newbie
Activity: 106
Merit: 0
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, thank you for your advice, I also see a lot of crime in the cryptocurrency industry, maybe i must  to learn a lot from the experience of people who are experts in the cryptocurrency industry
copper member
Activity: 672
Merit: 270
there are several mistakes that people are doing, first they are giving all their money, they investing their whole money without knowing that in trading you may win some and lose some too, there is no guarantee that you will get your profit once you have been invested that, especially when you don't know how to read charts effectively, spend and invest only what you are think that you gonna loss. secondly, buying coin because it is hit on some social media sites even though the project doesn't have a good platform it can only ruin your life investing on that. third, not having a very high combination of password, theft will easily get all your money. these are of the things that make you poor.
newbie
Activity: 126
Merit: 0
yes it is all a weakness of BTC, extra caution is needed compared to investing in a bank for example, right sometimes I think what if there must be an independent institution that protects and guarantees the security of this crypto investment, but it feels difficult, so maybe all back to ourselves each
member
Activity: 350
Merit: 10
Many people enter the cryptocurrency market uninformed, uneducated and looking to get in and get out quick. Truth be told, cryptocurrency markets are still vastly driven by technological understanding, just as much as they are driven by financial analytics. Cryptocurrency investing is risky, many wide-eyed, eager investors are entering the market without the slightest notion of what blockchain technology.
sr. member
Activity: 1512
Merit: 326
Emotionally and wisely in managing finances is very important in any financial field. and also maybe small things that can cause loss factors can be as big as
deciding actions in the market or not being able to maintain finances properly
newbie
Activity: 59
Merit: 0
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.
This are very common things that can happen to people in cryptocurrency. A lot of people have lost all they have as a result of wallets hacking. Some have also thrown away caution by investing all they have in a failed project. You just need to be careful in this crypto space. Else, you just go bankrupt.
newbie
Activity: 182
Merit: 0
This happened at the beginning I was actively involved with Crypto, I had a tendency to be self-taught and didn't care about referrals from other people, many websites that I clicked on and eventually caused phishing, I experienced significant losses and were inactive for several years.

But this time I returned with a different attitude, I received more input from others and maintained the behavior for not blunders that were identical with selfishness.
newbie
Activity: 162
Merit: 0
Those list are very helpful for those who forgot those necessary needs in protecting their cryptos because of their greediness.
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