Mistakes That Make You Poor Poor In Cryptocurrency - page 32.

Allura74

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Quote from: buternasek on August 05, 2018, 03:53:10 PM

too much trust in predictions that really do not need to be believed.
become a panicked seller when others panic. that's all I can add Cheesy

I think the most factor that makes us poor in crypto is when we have mis judgement and wrong decision made due to panic selling and always investing in an unsuccessful ICO and if this successively happen then surely we will end with empty wallet.

Ziskinberg

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Quote from: buternasek on August 05, 2018, 03:53:10 PM

too much trust in predictions that really do not need to be believed.
become a panicked seller when others panic. that's all I can add Cheesy

I guess that is the most common mistake we always make.Buying when the price is in dips and when you see the price continues to fall,you cannot control your emotions anymore so you end up panic selling which will make you lose the whole coin.

torrihuff

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I get poor in crypto currency by attempting to double my Bitcoin by buying and trading alt coin. This is the number 1 drain making me crypto poor.

Vaculin

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Winding down.

Quote from: Pancheng on August 05, 2018, 03:14:26 PM

No one would ever know that you loss and you loss everything in crypto since only you know what is happening on your wallet, you can't event ask the assistant of police to help you to get back your money when you are scammed... So you should be careful... I

Right.I think everyone of us should be responsible enough to take care of our investments particularly keeping safe of our wallet keys.Since we are in a decentralized one,we are given our own privacy so we should remain it private as much as possible.

buternasek

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too much trust in predictions that really do not need to be believed.
become a panicked seller when others panic. that's all I can add Cheesy

2start

newbie

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You are very right, to avoid it all we have to be more careful. we must really learn how to secure crypto assets that we have from hackers. we must be careful and careful

Pancheng

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No one would ever know that you loss and you loss everything in crypto since only you know what is happening on your wallet, you can't event ask the assistant of police to help you to get back your money when you are scammed... So you should be careful... I

Ezenwanyi

copper member

Activity: 336

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The mistakes that will likely make one poor and poor in cryptocufrency are:
Not buying when weakhands are panic selling.
Selling at loss.
Lack of patience.
Greediness.
Fomo.
Fuding
Etc

Irwandho

newbie

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Quote from: Fakhri1907 on July 22, 2018, 12:19:35 PM

for bounty hunter, he can be poor if he stop doing bounty and keep spending his money that he gets from bounty while he doesn't has any income

I think 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.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.

d0flaming0

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Quote from: Hatuferu on August 05, 2018, 11:28:24 AM

Quote from: fishball on August 05, 2018, 10:50:18 AM

Quote from: zeingrind777 on July 10, 2018, 04:06:55 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.

Probably the worst mistake anyone can make is getting hyped into business, being too confident, and then just jumped right away without even learning the pros and cons of bitcoin...in short lacking of knowledge will simply put you on the verge of crisis.

Exactly.Even how good and brilliant you are at a certain thing,still it's not a guarantee that you will really make profits in cryptocurrency.Investments made in cryptos should be well studied first and needs learning preparations knowing it's a very risky investment.

indeed you are correct my friend. We really do not know what will happen next although you have studied well in order to gain. Losing is inevitable but it can be handled if you have experienced on how to deal with it.

Hatuferu

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https://trueflip.io/

Quote from: fishball on August 05, 2018, 10:50:18 AM

Quote from: zeingrind777 on July 10, 2018, 04:06:55 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.

Probably the worst mistake anyone can make is getting hyped into business, being too confident, and then just jumped right away without even learning the pros and cons of bitcoin...in short lacking of knowledge will simply put you on the verge of crisis.

Exactly.Even how good and brilliant you are at a certain thing,still it's not a guarantee that you will really make profits in cryptocurrency.Investments made in cryptos should be well studied first and needs learning preparations knowing it's a very risky investment.

fishball

member

Activity: 336

Merit: 10

Quote from: zeingrind777 on July 10, 2018, 04:06:55 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.

Probably the worst mistake anyone can make is getting hyped into business, being too confident, and then just jumped right away without even learning the pros and cons of bitcoin...in short lacking of knowledge will simply put you on the verge of crisis.

Alfiehob

newbie

Activity: 92

Merit: 0

Quote from: richmcrich on August 01, 2018, 12:41:57 AM

Quote from: developer101dev on July 25, 2018, 01:03:01 AM

Quote from: zeingrind777 on July 10, 2018, 04:06:55 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.

Most of the people cannot earn profit from cryptocurrency because they are earning through mining and the price is low which they cannot pay the amount of electricity.

Right but besides mining there are many other ways to get it and you can follow the easiest way to get it from someone if he is ready to sell. Bitcoin’s current price is going high and this increase trend is now looking more in action if you perceive it the price improved today further which is reflecting that it is now proceeding for bull market and we should understand it now to invest for it in the current market.

When it comes to that of dealing with the things related to that of the crypto currencies, then there are number of things which you have to keep in your mind and that you have to consider so many factors before making any kind of decision. Loss of control over your emotions at tough times and lack of knowledge and technical awareness are the main reasons which then lead you to the loss of money.

BitcoinCommodor

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Quote from: Jamescur on July 24, 2018, 08:36:56 AM

The key is our wealth key!
Save your key to hold our wealth, losing the key means you lost your cryptocurrency!
The key is the most critical information, be careful to save!

Questions is how much secure is your wallet? If you are really worried about your security then you must care your pass key or password of your wallet. Both security and insecurity is in your hand, if you are securing your password then you will not face with any issue. Security of Bitcoin and other cryptocurrencies is tight and no one can harm you there but you need not to go somewhere else otherwise the loss is yours.

richmcrich

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Activity: 1120

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Quote from: developer101dev on July 25, 2018, 01:03:01 AM

Quote from: zeingrind777 on July 10, 2018, 04:06:55 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.

Most of the people cannot earn profit from cryptocurrency because they are earning through mining and the price is low which they cannot pay the amount of electricity.

Right but besides mining there are many other ways to get it and you can follow the easiest way to get it from someone if he is ready to sell. Bitcoin’s current price is going high and this increase trend is now looking more in action if you perceive it the price improved today further which is reflecting that it is now proceeding for bull market and we should understand it now to invest for it in the current market.

Betheng10

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dApps Development Automation Platform

Quote from: zeingrind777 on July 10, 2018, 04:06:55 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.

These are basic security that you should be aware of even with your social media accounts.

I had a loss when I invested in an ICO without digging dip. I gave into the hype and didn't check for developers background and look for their credentials.

Hope this could help future investors though.

CoinEraser

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Quote from: zeingrind777 on July 10, 2018, 04:06:55 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 have another point for your list. 7. Buying asic mining hardware and never become ROI. I know some people who have lost their money through something like that. Angry

danipay

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Activity: 910

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Quote from: 3la9l_kolbaCa on July 25, 2018, 01:25:02 AM

Quote from: KuromaYoichi on July 25, 2018, 12:36:33 AM

You should back up your important data no matter whether it is crypto or not. As for buy the rumor, it is usually the correct move to do, you should start buying the coin when there's rumor regarding it and sell it when the officially release the news, if you wait until the news is official then it's already late but don't forget to filter the rumor first.

I believe what make us poor in cryptocurrency is our greediness, lack of preparation, and impulsiveness. They lack knowledge on how to manage finances wisely, and tend to decide on things out of excitement and not value their earnings. We tend to be driven by our emotion and forget the essence of all the sacrifices and hardwork we exerted. We must learn to give importance in what we have and be patient with life as it is full of surprises, uncertainties, and challenges that hinder us from achieving our goals.

basically the investment is always a risk, it's just how big the risk is whether it is proportional to the existing profit. one's initial mistakes can fail in an investment like cryptocurrency, usually due to the follow-up of something that is not yet understood deeply. we must always learn because our knowledge and experience will increase so that our decision will be stronger.

COCOMARTIN

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It really is one of the biggest problems, the hackers. Because they have the consequences of criminals in this crypto currency so many people have given up on it. So we should be especially careful that bitcoin price is rising. We must be careful.

appcoin.info

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Appcoin Development Team

For me it seems like those cases are not common, accept the case with storing your passwords and creating a weak ones. But the others are something specific for me that I have not encountered yet even.

Topic: Mistakes That Make You Poor Poor In Cryptocurrency - page 32. (Read 6952 times)