Mistakes That Make You Poor Poor In Cryptocurrency - page 29.

sempak bulong

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Quote from: LuciferEveningStar on August 25, 2018, 07:17:25 AM

Quote from: celtic99 on August 23, 2018, 10:57:23 AM

The biggest mistake I made was selling too early and not holding long enough. It still lingers in my mind and from this point on I am going to be patient.

Most of the new traders in this industry are selling their coins very early because of panicking and those professional traders are the only investors who can hold their coins because of good experience.

Yes, that's right, this is a test for beginners who panic with prices and also they are pressed for their needs. The point is we have to be patient in that.

LuciferEveningStar

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Quote from: celtic99 on August 23, 2018, 10:57:23 AM

The biggest mistake I made was selling too early and not holding long enough. It still lingers in my mind and from this point on I am going to be patient.

Most of the new traders in this industry are selling their coins very early because of panicking and those professional traders are the only investors who can hold their coins because of good experience.

prtty2gal2

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Quote from: cuong1610 on July 10, 2018, 05:49:53 AM

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.

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

That lack of knowledge is by assuming that every coin in the market should be bought, whether they are shitty or not and that is bad. Good thing you have learned from it. I do not know if you have heard about bag holding of shit coins, that is exactly what you have just decided to do and getting out of it is one hard thing to achieve, unless of course, we get to see some fortunate pump on them.

celtic99

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The biggest mistake I made was selling too early and not holding long enough. It still lingers in my mind and from this point on I am going to be patient.

mjaranzasu

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Quote from: shelemiah31 on August 23, 2018, 10:02:39 AM

One of which is if you are not wise in trading.If you are not cautious enough to where you are investing.Also it makes you poor if you take for granted your cryptocurrency and if you are not sharing it to others.

Why sharing it to others? What do you mean by that? For me, if we will not have a good strategies in trading then we will become poor because we will not be able to trade our coins in good prices.

Rrotess

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Quote from: neliawesome on July 10, 2018, 06:37:58 AM

Theres a common mistakes which makes you loss profit just like investing without knowledge on it.There are lots of ICO projects rising nowadays so common type of investors mistake is they jump easily into those project without assurance.Thats why instead they will earn they loss more money.Greediness also leads you in losing money.Carelessness will also leads to trouble like your accounts will be hacked or you might get scammed easily.

Jumping into conclusions usually can get us really down. Specially, when we think that we have come up with a wrong decisions to buy or sell something and to take a risk.

shelemiah31

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One of which is if you are not wise in trading.If you are not cautious enough to where you are investing.Also it makes you poor if you take for granted your cryptocurrency and if you are not sharing it to others.

budrabut

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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.

Because several reasons as mentioned, there many country do not apply officially Crypto currency as fiat or even ban it in the country. Most government in those country are wondering about the impact of Crypto currency. Even though the potential is huge, the risks is also big.

LeavingEden

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There's a lot of mistakes and reasons for us to become poor here in cryptocurrency. Impatient, greed, entered here haphazardly without enough knowledge in short not prepared, poor decisions, hacked, scams, careless, just like that so many reasons to make us poor here.

mickeybuddy27

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Quote from: Cotton Candy on August 16, 2018, 03:19:28 AM

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 am just a not a full time here just a part time bitcoiner so I do not mine yet but I do not plan to here in our country because we are experiencing an over price electrical bill here. The only thing that makes me poor here is panic sell and wrong time selling because sometimes I feel that those profit is enough but suddenly they will ruse much more so I missed a lot of profit

What makes poor recently is become a victim of hacker. My account has been accessed by someone and get my valued coin which I planned to use for a capital to small business. I feel hopeless by that time but continue earning and more be careful from the site I am visiting and joining airdrops.

Cotton Candy

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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 am just a not a full time here just a part time bitcoiner so I do not mine yet but I do not plan to here in our country because we are experiencing an over price electrical bill here. The only thing that makes me poor here is panic sell and wrong time selling because sometimes I feel that those profit is enough but suddenly they will ruse much more so I missed a lot of profit

zeaderza

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Quote from: readygoaw on August 13, 2018, 05:41:48 AM

Quote from: btccrusher on August 10, 2018, 03:51:44 AM

In my case, "Buy Coin With Rumors" may well suit. Months ago, I invested more than 20k that ended up with only 100 bucks. That was the worst investment in my side. Well, I take it as a lesson for better research before putting money.

As for me, the worst mistake happens when you initially choose the wrong altcoin. It means that you will lose in the future. The other great mistake is to sell your cryptocurrency when it is falling.

Choice really matters. If a person invests in a stupid coin that has no future then obviously he cannot earn any penny out of it. That is the reason why I suggest everyone to go for bitcoin, ethereum or any other top altcoin as these have shown us their strength and potential over time. All famous digital coins have big communities of supporter which matters a lot.

Aksiyon1

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Quote from: Rana590 on August 14, 2018, 12:02:21 PM

For the investors, everyone has some tragedy i think if it is big or small. In the past year I bought xrp and trx with high value but the condition of these coin is not good right now. Hopefully I will hear a great news from these coin with shortage possible of time.

It's sad for us because I also have bought XRP and TRX at high price.
What is the lesson here? Never buy a coin when its price is rising sharply Cheesy

Never follow the crowd, and don't believe in FOMO and FUD news

Daseento

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Hodling in this bear market has proven to be very costly too. Dear trader, learn to apply Stop-loss on your trade especially when you're not thinking of invest for a long time. This was by far my greatest mistake this year, looking at my portfolio, I wish I had tether at some point.

Renai0925

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Security of your accounts is paramount and goes without saying actually. You can only loss your password to thieves and scammers if you let them. So you have to be vigilant in researching. But most probably the most mistakes we make that makes us lose money is giving in to our fears and selling low in a bear trend.

Koko1200

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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.

One of the mistakes that I am doing right now and I am aware of is that my laziness provoked me to study and examine new things to accept in cryptocurrency involvement practice, I'm just lazy.

Maddinson100

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Quote from: readygoaw on August 13, 2018, 05:41:48 AM

Quote from: btccrusher on August 10, 2018, 03:51:44 AM

In my case, "Buy Coin With Rumors" may well suit. Months ago, I invested more than 20k that ended up with only 100 bucks. That was the worst investment in my side. Well, I take it as a lesson for better research before putting money.

As for me, the worst mistake happens when you initially choose the wrong altcoin. It means that you will lose in the future. The other great mistake is to sell your cryptocurrency when it is falling.

Well there are a lot of thing you need to do in a wise way and doing them in an unwise way will be a mistake that will make you poor in the business. Investing in the coin that is not profitable in future and cannot give you the desired return is a mistake one should always be careful about. The first step is the crypto evaluation which makes the difference and gives you an edge over the people who do not do this practice.

brolekset

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in my opinion, the main mistake is Not to use 2fa and recovery codes all understand-the use of the exchange may be a necessary evil. However, this won't prevent you from using two-factor authentication wherever possible and storing the recovery code somewhere on paper.
I was lucky and I only experienced it on Mailchimp. I forgot to save the recovery code, and after buying a new phone had to write to support to unlock my account.

valentine401

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Quote from: Rana590 on August 14, 2018, 12:02:21 PM

For the investors, everyone has some tragedy i think if it is big or small. In the past year I bought xrp and trx with high value but the condition of these coin is not good right now. Hopefully I will hear a great news from these coin with shortage possible of time.

Yes i do agree on that, the market price is not stable so you should always study the statistics and platform of the coin you are interested to invest in order to determine if it has a capability of growing in a long run.

Rana590

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For the investors, everyone has some tragedy i think if it is big or small. In the past year I bought xrp and trx with high value but the condition of these coin is not good right now. Hopefully I will hear a great news from these coin with shortage possible of time.

Topic: Mistakes That Make You Poor Poor In Cryptocurrency - page 29. (Read 6931 times)