Topic: People makes a financial mistakes in cryptocurrency mostly in Bitcoin investment - page 2. (Read 553 times)
February 02, 2025, 02:49:33 PM
If you invest all of your money in any asset, how are you going to feed, what are you going to survive on, i believe it is just common logic to understand these things. People who are mostly guilty in this are the weak hands, they want to buy BTC and make returns immediately, they go all in and if a correction happens, they panic and start to sell off their coins. Whatever funds you put in, you should be ready to leave it for a long time.
February 02, 2025, 02:43:18 PM
I believe everyone who is venturing into Bitcoin investment always have a guider someone who has been discussing with them about Bitcoin, and of course they wouldn't want to understand how everything works they would hastefully went to make investment without them studying how the market behaves or reacts over some periods of time before moving whatever funds into Bitcoin investment. As they knows, Bitcoin is the right investments but if they don't have spare cash or a reserved funds and emergency funds it's very difficult for such investments to yield something very productive.
Some of them are also deceived by these so-called crypto analysts who claim to be gurus in Bitcoin investment. In a bid to attract people to their platforms, they promise them quick profit. With that faulty orientation they would even go to the extent of borrowing to invest. 
February 02, 2025, 02:02:32 PM
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From my perspective I think what she did is a financial mistakes by investing wrongly without a proper calculation, so what's your take on her investment in bitcoin?
From my perspective I think what she did is a financial mistakes by investing wrongly without a proper calculation, so what's your take on her investment in bitcoin?
I generally agree, but didnt you mention a savings account at the beginning? If she had $5,000 in savings, why not use that to invest in Bitcoin? If it is money she needs for food and other daily needs then that money shouldnt be set aside for savings in the first place. At least that is how I understand savings.
February 02, 2025, 01:54:38 PM
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It's natural that newbies are prone to mistakes and also prone to getting hacked but it is possible to stop it or prevent it from happening which the newbie should have a mentor to guide the newbie until that person is no longer newbie. Even though newbies can survive sooner or later but I think they did make some mistakes and learn from it just like me before. I don't have someone to teach me in person so if I did have before then I wouldn't have lost my old eth wallet then I wouldn't have lose my altcoins that is now worth 18k+ usd. 
February 02, 2025, 01:27:37 PM
Newbies should face reality that the newbies would always made a mistake in bitcoin investment but in my opinion, the mistake that the newbies will make is what will make them learn something about bitcoin investment like what you shouldn't do and should do in order to gain profit from the investment that the newbies made. For people who know about bitcoin for quite some time would always say to other especially to newbies that "you should always invest what you can afford to lose".
Beginners should concentrate on the getting knowledge on bitcoin investment before they invest, knowledge should be the first priority for Beginners, because if they don't get the knowledge I believe that some of them who fails to make research first will end up acting like the lady that I analysis her wrong bitcoin investment, secondly, we need to invest what we can afford to lose as you said and also as everyone who has the experience of bitcoin might have said concerning bitcoin.This is also why the forum is set up, after investing the newbie can do well by following up discussions here, not necessary for the newbie investor to first hold funds giong to seek knowledge both can be done simultaneously, learning has always been about process and not a one time culture.
February 02, 2025, 12:57:48 PM
If Bitcoin price always rise, better to invest all of your money in Bitcoin without need to have emergency funds.
During investment you need to have a reserve funds or you use your spare funds to invest, because if you refused to have a reserve funds, your investment on bitcoin will not be profitable for you, because if you have a pressing needs you quickly withdraw on your investment, so it's better you invest little and reserve the one for your up keep. 
February 02, 2025, 12:47:01 PM
The fact is that it won't be easy. It is possible for people who already understand bitcoin when they have about $5k in their account balance they will definitely make some buzz to try to invest in bitcoin with a larger amount but something like this can never be done by new people or people who are new to bitcoin because in the end there is a situation where they will not easily believe the views of people who say something that they think is taboo and spend a lot of money on it.
That is a natural thing because it is a defensive form of them to defend their finances. Not that it is a mistake but indeed things like this happen because they don't know bitcoin properly and they don't really understand how bitcoin works because they are still taboo about it.
So that is not a mistake because after all it is part of the anticipation so that they do not make the wrong choice and it is a fairness because they still do not understand about bitcoin.
That is a natural thing because it is a defensive form of them to defend their finances. Not that it is a mistake but indeed things like this happen because they don't know bitcoin properly and they don't really understand how bitcoin works because they are still taboo about it.
So that is not a mistake because after all it is part of the anticipation so that they do not make the wrong choice and it is a fairness because they still do not understand about bitcoin.
February 02, 2025, 12:38:21 PM
If Bitcoin price always rise, better to invest all of your money in Bitcoin without need to have emergency funds.
Because if you set aside for emergency funds, the money will not grow compared to invest in Bitcoin. There's nothing wrong to sell Bitcoin when you urgently need it even you only earn small profit, as long as you earn profit, you didn't make bad decision.
However, Bitcoin price doesn't rise constantly. The market is composed of highs and lows. And to invest funds in BTC which were supposed to be emergency funds is a big risk, with potential negative consequences, in case the market crashes during the investment.Because if you set aside for emergency funds, the money will not grow compared to invest in Bitcoin. There's nothing wrong to sell Bitcoin when you urgently need it even you only earn small profit, as long as you earn profit, you didn't make bad decision.
Emergency funds aren't meant to grow. They are meant to be reserved for emergencies. And as the name says, emergencies come suddenly, without previous warnings. So you need that money ready to be used at anytime. If the money for emergencies is invested in Bitcoin, you may not have enough of it once you need for an emergency, as Bitcoin might be crashing at same time.
Only invest in Bitcoin money you aren't going to need cashing out any time soon.
February 02, 2025, 12:23:41 PM
From my perspective I think what she did is a financial mistakes by investing wrongly without a proper calculation, so what's your take on her investment in bitcoin?
well, having $5k worth of bitcoin is just like having the usual $5k either in USDT or normal savings in the bank as long as you can only afford to leave it for two weeks and then you start selling it and making use of it to sort out your needs. even if the person that introduced you to investing in bitcoin never give you details and failed to inform you that the nature of bitcoin doesn't work for short time frame, i cannot even think of an alternative investment form that can give you good returns just because you invested in it for two weeks. having that short term mentality only shows that the individual in question is never a serious investor and was only looking out for means of getting quick returns.with proper planning and by that, it takes out any sort of short-term plan out of the equation, you can choose to push out all your savings into an asset you are sure has the potential of yielding good returns in the long run. leaving the money with you might only result in spending the money till it all goes off which can make it financially wise to invest all into an asset, so you know that the temptation of spending it off is totally taken away.
February 02, 2025, 11:32:20 AM
If someone wants to do that, it means he is a real man and is ready for all the consequences. But be wise as you said, it is better to set aside some for other more urgent and important needs. But if he is short when the market starts to rise, maybe it is okay to take a little profit when volatility occurs even though only a few can profit from the price difference, it is not a long-term investment of course.
If Bitcoin price always rise, better to invest all of your money in Bitcoin without need to have emergency funds.Because if you set aside for emergency funds, the money will not grow compared to invest in Bitcoin. There's nothing wrong to sell Bitcoin when you urgently need it even you only earn small profit, as long as you earn profit, you didn't make bad decision.
February 02, 2025, 10:12:40 AM
that sounds a lot like fomo to be honest
yeah with the accompaniment of misinformation probably she most likely thought that profit would be easy and quick little did she know it is not as easy as that she must have gotten disappointed and impatientwhich is why we shouldn’t also spread unrealistic things about bitcoin like oh you’ll be a millionaire in a week with bitcoin! that’s not true unless you happen to be lucky and hefty rich
February 02, 2025, 08:52:51 AM
Investing all savings in bitcoin without keeping some money aside is big financial mistake. Person who put his entire $5000 into bitcoin took big risk and did not have any money left for emergencies. When he started using his bitcoin to pay for everyday things he ruined her long term investment plans. Investing in bitcoin or other cryptocurrencies should be done carefully with clear understanding of risks and rewards. In this case person did not think things through and lost all his money which shows how important it is to manage risks when investing in cryptocurrencies.
If someone wants to do that, it means he is a real man and is ready for all the consequences. But be wise as you said, it is better to set aside some for other more urgent and important needs. But if he is short when the market starts to rise, maybe it is okay to take a little profit when volatility occurs even though only a few can profit from the price difference, it is not a long-term investment of course.
February 02, 2025, 07:58:27 AM
When you see bitcoin as a get rich quick scheme is when you will behave like that lady. Bitcoin is a long-term investment, and you shouldn't use all the money in your life to invest in bitcoin so that you don't start selling bit by bit when your needs arises, because you will definitely run at loss if the price is below your entry point. Only use the extra money that you will not need for a long time to invest in bitcoin.
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February 02, 2025, 07:31:33 AM
So the essence of these, is that, anonymous person who were told of cryptocurrency investment and she choose to invest in bitcoin, and what is left in her account is five thousand dollars [5k] as I mentioned above, and she invested all her five thousand dollars without having a reserved, and after two weeks of investment she started withdrawing her bitcoin to feed, and she continues to withdraw her bitcoin until she withdrew all and left with nothing, for me I would not like any beginner to invest in such method.
From my perspective I think what she did is a financial mistakes by investing wrongly without a proper calculation, so what's your take on her investment in bitcoin?
That's a common mistake that happens to some people in investment involvement and even I myself have been in that condition so that in the end I realized something was wrong. That's why investment needs to be made a made into percentages so that it doesn't affect meeting other needs and at least they don't sell bitcoin every time they need money because if that pattern is applied, the investment will not run better because the assets will never grow in the investment pattern.From my perspective I think what she did is a financial mistakes by investing wrongly without a proper calculation, so what's your take on her investment in bitcoin?
The absence of calculation in running an investment will not provide benefits and on the contrary they will not get the opportunity to achieve financial freedom. That's a mistake that some people make and maybe they need to change their strategy in running their investments in the future.
February 02, 2025, 07:03:40 AM
I believe everyone who is venturing into Bitcoin investment always have a guider someone who has been discussing with them about Bitcoin, and of course they wouldn't want to understand how everything works they would hastefully went to make investment without them studying how the market behaves or reacts over some periods of time before moving whatever funds into Bitcoin investment. As they knows, Bitcoin is the right investments but if they don't have spare cash or a reserved funds and emergency funds it's very difficult for such investments to yield something very productive.
Is obvious that most people who are new in this crypto space do not have a guidance, probably they just decide to dive into investing in bitcoin without thinking twice. maybe after they most have heard some news about bitcoin investment in the media, you know after hearing about it's good potential in the future, at this point they will just venture into investing in bitcoin without giving it a second thought.
Which is why most people always end up losing thier first time of investing in bitcoin, as Long as bitcoin investment is concern before one should think of venturing into bitcoin investment. first you need to know the basic things that is required when investing in bitcoin, so as to enable you hodl your bitcoin in the long run. without being tempted to sell, when is not right time for you to sell your bitcoin.
February 02, 2025, 06:53:07 AM
From my perspective I think what she did is a financial mistakes by investing wrongly without a proper calculation, so what's your take on her investment in bitcoin?
Is that really a financial mistake, Or that's probably a wrong approach of investment to the person in question?. I believe that everyone have their own definition of investment, but how we do it matters. The person in question might literally not be interested in a long term investment, which also means that she isn't expecting a massive reward or profits as well. In as much as separating investment funds from personal funds (maybe upkeep) is very important, there is still a need to have a long term goal or mindset, because the person in question can set aside $3K from the available $5K, and still end up fallen back to the $3K. I don't think it's something difficult to do, neither is it something easy to do as well. But it requires discipline and proper planning to invest well.
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February 02, 2025, 06:27:42 AM
You know, what actually causes some people to do this is the lack of concrete knowledge for the asset they want to invest on, the second thing is FOMO, they probably don't want to miss out from a big profit.
This could be a mistake by newbies when they want to invest into Bitcoin, but it's not so much of a financial mistake if they actually hold on that Bitcoin till they are in profit. The reason is because, despite that some have $5k in their safe, they could even keep it there for more than 2 years without touching the money, because they have some other source of income.
This could be a mistake by newbies when they want to invest into Bitcoin, but it's not so much of a financial mistake if they actually hold on that Bitcoin till they are in profit. The reason is because, despite that some have $5k in their safe, they could even keep it there for more than 2 years without touching the money, because they have some other source of income.
February 02, 2025, 05:42:23 AM
From my perspective I think what she did is a financial mistakes by investing wrongly without a proper calculation, so what's your take on her investment in bitcoin?
People who invest all they have in Bitcoin without making provisions for emergency assume that Bitcoin is a get rich quick scheme. They assume that they will start making profit and withdraw from the profit to take care of their needs. But this is a wrong perspective about Bitcoin because it is more profitable when it is invested in for a long time. I believe everyone who is venturing into Bitcoin investment always have a guider someone who has been discussing with them about Bitcoin, and of course they wouldn't want to understand how everything works they would hastefully went to make investment without them studying how the market behaves or reacts over some periods of time before moving whatever funds into Bitcoin investment. As they knows, Bitcoin is the right investments but if they don't have spare cash or a reserved funds and emergency funds it's very difficult for such investments to yield something very productive.
Some of them are also deceived by these so-called crypto analysts who claim to be gurus in Bitcoin investment. In a bid to attract people to their platforms, they promise them quick profit. With that faulty orientation they would even go to the extent of borrowing to invest. 
February 01, 2025, 11:36:08 PM
Theirs some investment in bitcoin that are financial mistakes...some persons makes a wrong decision when it comes to bitcoin investment, mostly newbies in bitcoin, [for instance] when you have a five thousand dollars [5k] left in your savings account and you were told of bitcoin investment or any other cryptocurrencies investment, I will advice you to invest at least three thousand dollars instead of investing all the five thousand dollars in bitcoin so that you will have reserved to sustain and also you will not be curious to withdraw your investment when it's not yet time to withdraw
So a financial mistakes is when you invest wrongly without thinking of side effects of the investment you're venturing into before you invest, or when you invest on what you don't know the rudiments, and also invest on what you can't manage
So the essence of these, is that, anonymous person who were told of cryptocurrency investment and she choose to invest in bitcoin, and what is left in her account is five thousand dollars [5k] as I mentioned above, and she invested all her five thousand dollars without having a reserved, and after two weeks of investment she started withdrawing her bitcoin to feed, and she continues to withdraw her bitcoin until she withdrew all and left with nothing, for me I would not like any beginner to invest in such method.
From my perspective I think what she did is a financial mistakes by investing wrongly without a proper calculation, so what's your take on her investment in bitcoin?
that sounds a lot like fomo to be honest, and it's always advised to use money that we don't really need but regardless it's still money but the point here is, we can let the money sit for years even when market is turning bearish so that our loss will only become unrealized loss and we will only realize the profit once it becomes profitable.So a financial mistakes is when you invest wrongly without thinking of side effects of the investment you're venturing into before you invest, or when you invest on what you don't know the rudiments, and also invest on what you can't manage
So the essence of these, is that, anonymous person who were told of cryptocurrency investment and she choose to invest in bitcoin, and what is left in her account is five thousand dollars [5k] as I mentioned above, and she invested all her five thousand dollars without having a reserved, and after two weeks of investment she started withdrawing her bitcoin to feed, and she continues to withdraw her bitcoin until she withdrew all and left with nothing, for me I would not like any beginner to invest in such method.
From my perspective I think what she did is a financial mistakes by investing wrongly without a proper calculation, so what's your take on her investment in bitcoin?
but some people just ignore it and consider investing in something like bitcoin as like flipping their money and get instant 2x the initial capital which can happen but that shouldn't be the mindset that we use for investing.
yeah, people make this kind of mistake in investment so often and blame the investment afterward.
February 01, 2025, 10:26:23 PM
Investing all savings in bitcoin without keeping some money aside is big financial mistake. Person who put his entire $5000 into bitcoin took big risk and did not have any money left for emergencies. When he started using his bitcoin to pay for everyday things he ruined her long term investment plans. Investing in bitcoin or other cryptocurrencies should be done carefully with clear understanding of risks and rewards. In this case person did not think things through and lost all his money which shows how important it is to manage risks when investing in cryptocurrencies.
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