Mistakes That Make You Poor Poor In Cryptocurrency - page 3.

wildan88

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Quote from: ScamViruS on January 20, 2020, 08:39:22 AM

Most of the time people lose their money at altcoin. Most altcoin in this crypto market has virtually no use. These coins are made for pump dump and take people's hard earned money. Those who are just holding bitcoin are still winning. And they didn't lose money. When you combine the charts of Bitcoin and altcoin, you will understand what altcoin is intended for. So it goes without saying that altcoin has made people poor.

damn its truly true, I lost a lot of money on altcoins, but what has happened to date, its value has continued to decline. it's better to only hold bitcoin if you want to be rich.
but on the other hand, an altcoin which can provide more profits from the pump, it is better to take a moment in a short time than holding altcoin for a long time.

ScamViruS

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Most of the time people lose their money at altcoin. Most altcoin in this crypto market has virtually no use. These coins are made for pump dump and take people's hard earned money. Those who are just holding bitcoin are still winning. And they didn't lose money. When you combine the charts of Bitcoin and altcoin, you will understand what altcoin is intended for. So it goes without saying that altcoin has made people poor.

desticy

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Quote from: zeingrind777 on January 19, 2020, 10:22:35 PM

Quote from: Hilsgort_T on January 19, 2020, 06:03:52 PM

Equally important is the use of proven reliable crypto services. Most well-known services have a good reputation. But sometimes you can find such wallets or exchanges that it is better not to use if you don't want to lose your money.

You're right, fake crypto wallets have been circulating a lot, especially in the android play store. Many have fallen victim to scam wallets and lost a lot of money. We should be careful in choosing a wallet for our money security.

It is rather strange that the play market so easily misses fake and scam applications, but it is even more strange that such a huge number of people continues to fall into the same trick of scammers.
After all, it is obvious that any application can steal your funds, even the most trusted. What is the point of trusting little-known and new wallets?

crisanto01

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Quote from: criza on January 19, 2020, 07:52:14 PM

Quote from: ontrackk on January 19, 2020, 05:44:57 PM

Because of lack of knowledge before investing, I burned my fingers with my investment.

Knowledge is the key here in the crypto world. Before investing or tradin, taking risk requires a lot of effort to make a good choice, also with enought experience and diligence to earn profit from you investment. Learning anything about crypto currency even if a small concept about it would help you to value your choices and make your every move less risky.

We are already in the world wherein we do have in the internet, so there's no excuse and no reason for us to do mistakes as we can always stay safe by doing a research in the project we want to invest at. Becoming poor are those who are lazy persons, who doesn't want change in their life, for those who are already contented.

zeingrind777

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Quote from: Hilsgort_T on January 19, 2020, 06:03:52 PM

Equally important is the use of proven reliable crypto services. Most well-known services have a good reputation. But sometimes you can find such wallets or exchanges that it is better not to use if you don't want to lose your money.

You're right, fake crypto wallets have been circulating a lot, especially in the android play store. Many have fallen victim to scam wallets and lost a lot of money. We should be careful in choosing a wallet for our money security.

criza

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Quote from: ontrackk on January 19, 2020, 05:44:57 PM

Because of lack of knowledge before investing, I burned my fingers with my investment.

Knowledge is the key here in the crypto world. Before investing or tradin, taking risk requires a lot of effort to make a good choice, also with enought experience and diligence to earn profit from you investment. Learning anything about crypto currency even if a small concept about it would help you to value your choices and make your every move less risky.

Hilsgort_T

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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.

Equally important is the use of proven reliable crypto services. Most well-known services have a good reputation. But sometimes you can find such wallets or exchanges that it is better not to use if you don't want to lose your money.

ontrackk

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Before entering this business, believing that it is an easy access to be lucky not to do their own work, and expecting or relying solely on someone who is much older than them to enter the market should be taking into account and checking the things that needed to be learned. Because of lack of knowledge before investing, I burned my fingers with my investment. I also purchased coin on rumors and hype, which turns out to be a fake hype.

pearnapple

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There are also people in the hype and people in the market prices who are emotional. The whale or pump and dump community can easily manipulate this kind of people and in return they will simply lose their money. It's the same for new bounty hunters as we see them getting scammed by dishonest bounty managers or ICOs where they're only going to waste their time and energy.

buyinbtc

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For me one of the biggest mistakes people make when they're on the cryptocurrencies market is trading without a strategy, many people are trying to become traders without any experience. The success rate, as you may expect, is very small, not only because they have almost no knowledge of how to trade, but because they have no strategy. they let their emotions take control of them and that is the fastest way to become poor in cryptocurrencies

shoreno

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mistakes ? no, dont need other mistakes but only one mistake can always lead to poorness when it comes to crypto business .

picture out a trader that made a wrong move while selling his coins , instead he sell at a dump because he was too scared . imagine if he invest almost his life savings and once he mistakenly sell at a wrong time , he becomes poor for sure .

zeingrind777

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Quote from: takingthis4 on January 18, 2020, 08:02:52 PM

Also, by listening to false news about a coin or by seeing a small drop in the price, people also start selling coins that make them lose and contribute to the overall drop in that coin's price

I have also suffered losses due to false news. When BTC hard fork occurs, many news and rumours say that BTC holders will lose some amount of BTC held. so I decided to sell all the BTC I had. and in my opinion, it happened not only to me. and from there I also got an important lesson that doesn't always listen to any rumours.

n0ne

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Turning poor out of cryptocurrency won't happen that easy. This happens when one doesn't have basic learning about cryptocurrencies and does not learn anything out of the mistakes causing loss. We can't get assured profit on trades, it is a win/fail scenario doesn't matter. The success or the credit on every trade is the learning

fireball4

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There are a number of mistakes people make. They donate all their money first, they spend all their money without realising that you can win some and even lose some in trading. There's no guarantee that you're going to make a profit, particularly if you don't know how to read charts. Just spend and save what you think you're going to lose. Second, buying coin because it's hit on some social media sites, even if the project doesn't have a good platform, it can only ruin your life by investing in it.

takingthis4

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Besides the mistakes you mentioned, there are some other mistakes that we often make in cryptocurrency that make us weak. First, there's no potential to buy some of the coins as they literally have no real usecase. Moreover, purchasing at a high price and selling at low which makes use rake in massive losses. Also, by listening to false news about a coin or by seeing a small drop in the price, people also start selling coins that make them lose and contribute to the overall drop in that coin's price

julius caesar

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The common mistake of people in cryptocurrency is their attitude of being impatient. They cannot wait for a perfect moment to sell their coin that is why they do not have any income or worst they lost most of their money. Also, GREED is the most dangerous thing that you should avoid because it might lead you to failure since you are not contented on what you are earning right now.

rekinthis

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This happened at the beginning I was actively involved with Crypto, I had a tendency to be self-taught and I didn't care about feedback from other people, several websites that I clicked on and eventually caused phishing, I experienced significant losses and I was inactive for several years. This was a very big mistake and now I try to learn from other people as much as possible. But this time I came back with a different attitude, I got more input from others and maintained behaviour for non-blunders identical to selfishness.

purebitco

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There's a common mistake that makes you lose profit just like investing without information on it. There are tonnes of ICO projects rising nowadays so common form of investor mistake is they easily jump into that project without guarantee. Greediness also leads you to lose money. Carelessness also leads to trouble such as hacking your accounts or easily scamming yourself.

hahay

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Quote from: pikkie on January 15, 2020, 06:42:31 PM

Quote from: purebitco on January 15, 2020, 06:02:27 PM

There's a common mistake that makes you lose profit just like investing without information on it. There are tonnes of ICO projects rising nowadays so common form of investor mistake is they easily jump into that project without guarantee. Greediness also leads you to lose money. Carelessness also leads to trouble such as hacking your accounts or easily scamming yourself.

it can be one of the most fatal mistakes but you also have to know when you trade cryptocurrency and you can't control your patience it can also be a mistake that will make you lose because when you are impatient and easily affected by bad news that can make cryptocurrency prices falling can also make you lose.

We must realize all the risks here, because here when we are losing, no one will help you other than yourself and we should do it with careful consideration before we invest or anything that basically risks will always be in this industry. No one expects bad things to happen, but when we make investments based only on rumors it is an initial carelessness that makes our greed unmanageable.

pikkie

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Quote from: purebitco on January 15, 2020, 06:02:27 PM

There's a common mistake that makes you lose profit just like investing without information on it. There are tonnes of ICO projects rising nowadays so common form of investor mistake is they easily jump into that project without guarantee. Greediness also leads you to lose money. Carelessness also leads to trouble such as hacking your accounts or easily scamming yourself.

it can be one of the most fatal mistakes but you also have to know when you trade cryptocurrency and you can't control your patience it can also be a mistake that will make you lose because when you are impatient and easily affected by bad news that can make cryptocurrency prices falling can also make you lose.

Topic: Mistakes That Make You Poor Poor In Cryptocurrency - page 3. (Read 6931 times)