Topic: Reasons for newbies loss in bitcoin (Read 3616 times)
We really love what happened to foreign beginners who have to lose their bitcoins. We hope this doesn't happen again to beginners, of course today it also has an impact on beginners who easily believe in irresponsible people like scammers who sometimes say can multiply bitcoins even though it never happened so as to make beginners tempted by it the price of bitcoin is so expensive that they easily give the password to irresponsible people
Novices always hope to make a profit in a short period of time. But due to greed and lack of knowledge, they are susceptible to market sentiment when the currency price falls and sell to lead to losses.
Newbie suffer a great loss during investment in cryptocurrency because many people come to this for becoming rich over night.
They don't even try to know about the struggle and hardwork of the person's that all already in this field .
They just look at the profit they have gained.
So they make a quick decision a invest in some coins without knowing about their history or background or the trend they are following. And when they see the loss they quickly sell them and don't even wait.
So as a result they face a great loss.
They don't even try to know about the struggle and hardwork of the person's that all already in this field .
They just look at the profit they have gained.
So they make a quick decision a invest in some coins without knowing about their history or background or the trend they are following. And when they see the loss they quickly sell them and don't even wait.
So as a result they face a great loss.
this is very unfortunate with what happened to beginners so that they have to lose their bitcoins maybe it can't be separated from the beginners themselves who are easier to believe in scammers can multiply bitcoins so that it makes beginners so affected by the lure of doubling bitcoins in number which is so big that they have to lose their bitcoins, this is really very unfortunate
Newbies usually lose a lot of money when trading because they are still unfamiliar and don't understand cryptocurrency, so they don't think widely about crypto. In addition, the lack of patience and emotional control in trading is also still low, in fact some of them still underestimate this even though this is an important point. In fact, many professional traders are often trapped because of their own emotions. So be careful because one day you will meet market conditions where it will drain your patience.
Beginner traders really often experience losses, especially if they make easy profits for the first time, of course they will feel proud that trading is easy, so they are controlled by the trader's own emotions which result in not thinking realistically and ultimately experiencing big losses because they don't use stop losses. and always expect the market to go up soon, and end with a cut loss 
Newbies usually lose a lot of money when trading because they are still unfamiliar and don't understand cryptocurrency, so they don't think widely about crypto. In addition, the lack of patience and emotional control in trading is also still low, in fact some of them still underestimate this even though this is an important point. In fact, many professional traders are often trapped because of their own emotions. So be careful because one day you will meet market conditions where it will drain your patience.
Newbies are more passionate to earn money easily and quickly due to which they suffer some losses. A detail analysis ad constant are necessary for investment in bitcoin as the crypto market is realky volatile. (https://kalkinemedia.com/ca/)
It's a good thing most newbies fail, but learning from them failure is the most important thing you see.
To curious about Bitcoin,I think every newbie needs a mentor to guide him)her on the do's and don't about bitcoin.
ADVICE: Know what's at stake before diving into something,this will help in making good decisions.
it's good to keep learning, however, if you think about what the OP wrote, then it can be a mistake, and can be frustrating.To curious about Bitcoin,I think every newbie needs a mentor to guide him)her on the do's and don't about bitcoin.
ADVICE: Know what's at stake before diving into something,this will help in making good decisions.
when we are wrong, then we learn from it. other than that, it's okay to do trial and error, but the thing to note is, we learn to master these abilities, not to get rich overnight. many newbies think that this is the easy way, therefore they take the risk by giving away all the assets they have in the crypto world. Yes, it's very risky.
if you want to learn, then start little by little, gather information, read, watch, and more. after all, I've made the same mistake, even now, but I've come to understand, that making money in the digital world also has big risks, information that needs to be studied, study market movements, and so on. it can't be got in 1 night. So, newbies have a lot to lose because they sometimes don't understand what they are investing in, and they are in too much of a hurry. Well, I understand this, because I've also made that mistake.
you have good advice.
this may.be very concerning.with apq that occurs.to beginners.in losing bitcoin, in.fact we also don't.easily believe in.the name of duplication.carried out by bad people who want to double.our bitcoins.instantly and this is.very dangerous, especially for beginners.who don't understand anything about the problem, and we hope this doesn't.happen again in.the future
many newbies lose bitcoins because they don't understand crypto. plus their emotions that are still difficult to control make them often get carried away with anger when they see the market going up and down quickly. even though patience is one of the important points in bitcoin investment so you have to master it first. negative thoughts about crypto. Try a small capital investment first while continuing to understand market conditions.
To me, the main reason why newbies loss in bitcoin, is that so many of them think that btc or crypto is a get rich instantly thing maybe teaching from their teacher or facilitator, but it isn't. It is a thing of patient and market endurance.
Another thing is greed.
That's the first point that i have mentioned in my post that bitcoin is not make you rich quick scheme and you need to be patient enough and hold your coins in dips also but people do something opposite to it and sell at loss or find some other coins better and that take them to loss so we can't protect them so it's better to leave them on their.Another thing is greed.
Most of those newcomers who didn't do their homework losses their money with this kind of trend,
The market always different sways, if you don't know how to deal with it expect that the first thing that you will do is to keep yourself
working with the current situation, deeper knowledge is what you need many times from the past proves that this market fall always have
good bounce and recovery at the end. Position yourself and be patience to wait.
Newbies cannot easily controlled thier emotion in both green and bloody market, they are always loss because they are panic sellers when price is dump and panic buyers when the price pump, and that is normal to newbies because i experienced being a newbie and I experience loss during my newbie days, to avoid this lossing we need to learned by studying and researching and as the time goes by we can easily control emotions because or the learning's that we can get through studying.
I've had a bitter experience, I panicked quickly when the market turned red so I sold my asset even though the red market was only temporary so I regret this is my very bitter experience and I don't want to repeat it.
To me, the main reason why newbies loss in bitcoin, is that so many of them think that btc or crypto is a get rich instantly thing maybe teaching from their teacher or facilitator, but it isn't. It is a thing of patient and market endurance.
Another thing is greed.
That's the first point that i have mentioned in my post that bitcoin is not make you rich quick scheme and you need to be patient enough and hold your coins in dips also but people do something opposite to it and sell at loss or find some other coins better and that take them to loss so we can't protect them so it's better to leave them on their. Another thing is greed.
To me, the main reason why newbies loss in bitcoin, is that so many of them think that btc or crypto is a get rich instantly thing maybe teaching from their teacher or facilitator, but it isn't. It is a thing of patient and market endurance.
Another thing is greed.
Another thing is greed.
It's a good thing most newbies fail, but learning from them failure is the most important thing you see.
To curious about Bitcoin,I think every newbie needs a mentor to guide him)her on the do's and don't about bitcoin.
ADVICE: Know what's at stake before diving into something,this will help in making good decisions.
To curious about Bitcoin,I think every newbie needs a mentor to guide him)her on the do's and don't about bitcoin.
ADVICE: Know what's at stake before diving into something,this will help in making good decisions.
this is very unfortunate.why beginners.have to lose bitcoin especially this for those who are new to mining in bitcoin have to lose their bitcoin maybe they easily believe in scammers.or people who can.multiply.bitcoin so it.makes them very affected.especially considering.bitcoin at a high price so expensive.that they easily accept this input by giving their password or password to other people so that it is used by irresponsible.people who cause.them to lose their.bitcoins
First of all, newbies are losing bitcoins due to strong market volatility. Because you need to have a very large faith in bitcoin so as not to sell it on such large drawdowns as it was a few days ago. On days like these, not only beginners think about selling their bitcoins, because such large decline, are very difficult for any person. But as we can see MicroStrategy continued bought bitcoin after that, I think this should be taken into account by the beginner.Well you are absolutely right and this information would help them a lot thanks a lot mate
Actually it will not help as many still practice the same way and educating them towards luking offers is not gonna help a lot but few like you if understand the situation we will see less price dumps and you will be having profits.
My bitcoin balance shows a loss of -16,292.14 under Reporting > Realized & Unrealized Gains, but it should be 2.1. Why is it negative? Any tips on how I can fix this in the reporting?
Newbies are new and inexperienced they not know when and where to invest they invest money randomly and sometimes they lost their money. And they don't make research and invest directly which make them in lost.
this is very unfortunate.why beginners.have to lose bitcoin especially this for those who are new to mining in bitcoin have to lose their bitcoin maybe they easily believe in scammers.or people who can.multiply.bitcoin so it.makes them very affected.especially considering.bitcoin at a high price so expensive.that they easily accept this input by giving their password or password to other people so that it is used by irresponsible.people who cause.them to lose their.bitcoins
First of all, newbies are losing bitcoins due to strong market volatility. Because you need to have a very large faith in bitcoin so as not to sell it on such large drawdowns as it was a few days ago. On days like these, not only beginners think about selling their bitcoins, because such large decline, are very difficult for any person. But as we can see MicroStrategy continued bought bitcoin after that, I think this should be taken into account by the beginner.
I'm sharing my experience when I was newbie in crypto world.And I also lost big amount in bitcoin but now I'm in big profit, and big reason of my lost was I didn't study about bitcoin and enterd judt listen rumers form people they said I mad big profit.So I suggest to newbies don't enter in cryptocurrency world without study do your own good study first than keep stap I promise you will never lose in bitcoin after your good research.
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