I think the reason why newbies lose Bitcoin is much more than that simple. Maybe they do not have the freedom of wealth, so they have to take greater risks. So when I first entered the currency circle, I wanted to understand this. Of course, I did not succeed, but the unsuccessful adventure is not without meaning. The experience that the loss brings to me is very precious.
At first I felt that I didn't believe in Bitcoin and I didn't have enough ability. If I really believed in Bitcoin at the time, I should continue to make money and buy the bottom when I buy Bitcoin. When the market value is the highest, I also have considerable wealth, so belief is very important. Believe that you can hold Bitcoin is the ultimate believer.
Topic: Reasons for newbies loss in bitcoin - page 10. (Read 3540 times)
One of the most important reasons for newcomers to Bitcoin losses is their ignorance and lack of knowledge about trading. They cannot control their emotions while trading. They think that from a trade they will get rich overnight. Moreover excessive greed is one of the reasons for newcomer bitcoin losses.
Not just newbies. Even experienced investors if they really can't control their emotions and greed. They will also lose money like newbies.To survive in crypto, in addition to equipping ourselves with knowledge, we also have to know how to manage our emotions. When we win ourselves I believe we will be winners in this market.
The general reason for newbies that are losing money on cryptocurrencies bitcoin in particular, is the lack of knowledge and understanding on how the market works. Most of them were lured into pricing frenzy. When it is on bull run they tend to look at it as a lucrative investment but when bear market struck they lose faith and not discipline enough to be patient. Experienced investors just do the opposite well enough to stay within the market and succeed.
One of the most important reasons for newcomers to Bitcoin losses is their ignorance and lack of knowledge about trading. They cannot control their emotions while trading. They think that from a trade they will get rich overnight. Moreover excessive greed is one of the reasons for newcomer bitcoin losses.
Very often, beginners invest a day without even analyzing what they are investing in. In my opinion, this is a big disadvantage in this industry.
These are mostly people or newbies especially losing their money in investing.
Additionally, the way they are investing maybe also not be correct.
they will put their money when the price is very high. But after the price of BTC is falling down, they are panic and then sell the Bitcoin within loss.
This will make their some money is lost.
Additionally, many people are also trapped in scammers. they want to get every high profits and they are not researching the investment. Finally, they are scammed and lose their money
Additionally, the way they are investing maybe also not be correct.
they will put their money when the price is very high. But after the price of BTC is falling down, they are panic and then sell the Bitcoin within loss.
This will make their some money is lost.
Additionally, many people are also trapped in scammers. they want to get every high profits and they are not researching the investment. Finally, they are scammed and lose their money
Another reason is that not all of newbies know that they shouldn't invest nearly all of their money into Bitcoin. There are some people who are really doing this and this is so wrong. I always say that one should make investments which they can afford in case they lose most of their money. Bitcoin is not a guaranteed place that you can make your investment and have a good result in a short time. Bitcoin or any other cryptocurrency is volatile and it'll never change. People should consider this while investing into it.
I have been doing trading for a while now and whenever i have done scalping, i have lost or atleast missed out on the big waves.. The only time i benefitted is when i go on HODL mode and don't look much at trading market..
When a Big bull arrive, and you are scalping, you think that the profit has been made and now the time is to go out and then put a buy trade on low, which never hits and the coin go real high.. so instead of day trading, go for HODL,. My personal experience is that you have better chance of catching big bulls this way..
Note! This is all for the newbies.. Professionals are a different story.
When a Big bull arrive, and you are scalping, you think that the profit has been made and now the time is to go out and then put a buy trade on low, which never hits and the coin go real high.. so instead of day trading, go for HODL,. My personal experience is that you have better chance of catching big bulls this way..
Note! This is all for the newbies.. Professionals are a different story.
That's exactly what I meant by the impatience, they get reckless which ends up with them doing stupid decisions that caused them to lose their money in the process. Lack of knowledge can easily be solved, just read more and you're good to go, on the other hand, impatience needs to be trained and you must have the will to remove that impatient behavior.
but some of them are not impatient but instead diving into market without complete learning and knowledge meaning they are the usually loser in the market while whales are starting to bag money.those newbies that had been lured inside the market because of the easy to be rich scheme in which they enter without analyzing .
and many of them are those desperately needed money because of the pandemic and not knowing the risk of what they are entering .
First come to the market because they want big profits.
Second, because FOMO means they are afraid of rising prices and end up buying without proper analysis.
Third, do not think about the risks that occur after entering the market.
So in conclusion they are too ambitious in this matter and in the end they will lose a lot of money without experience and guidance from others, so of course all of that requires a process and also patience in the technique.
Bitcoin is not just about buying at dip and selling at high, those who enter with this mind set ends up losing there money. I myself tried many times day trading (due to my greed) and ends up losing my money. You can earn profit in bitcoin if you have the patience to HODL for long period of time. As OP said, bitcoin is not about becoming rich overnight.
I really agree with point number 3, this often happens because beginners are still unable to control their emotions. Especially with unstable market conditions, this of course makes them easily confused and panicked to buy or sell their coins. Plus if it turns out that the coins they buy are at a high price and the market actually drops dramatically. Circumstances like this usually make them panic and sell coins at low prices.
That's not the only reason there's a lot of things which includes lack of knowledge and fall for scams, trying to enter trade without any knowledge and they don't know what they're doing and of course a lot of things like participating to DeFi that's a scam for easy money, ICOs that has no actual use at all and many more.
ya.ya.yo!
ya.ya.yo!
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lack of knowledge about bitcoin. people will loss their fund because of their reckless to respond what if that state come to them. newbie need guidance from expert to do the next move. most of them will panic if bitcoin price fall.
and im not sure if people will follow unknow people to decide something important.
those newbies that had been lured inside the market because of the easy to be rich scheme in which they enter without analyzing .
and many of them are those desperately needed money because of the pandemic and not knowing the risk of what they are entering .
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lack of knowledge about bitcoin. people will loss their fund because of their reckless to respond what if that state come to them. newbie need guidance from expert to do the next move. most of them will panic if bitcoin price fall.
and im not sure if people will follow unknow people to decide something important.
Most beginners are lazy to read to find out how bitcoin works and don't realize that the best options for bitcoin are medium and long term and not short term or get rich quick schemes, and there is a process to make good profits and also have to know when to buy and sell at right time.
Getting involved with bitcoin requires enough knowledge and strong patience to produce good results, be a smart beginner and don't follow people or news that makes you careless, do your research and studies well so as not to make mistakes and harm yourself by carelessness.
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lack of knowledge about bitcoin. people will loss their fund because of their reckless to respond what if that state come to them. newbie need guidance from expert to do the next move. most of them will panic if bitcoin price fall.
and im not sure if people will follow unknow people to decide something important.
As newcomers have no knowledge of trading and investing, they face losses in various ways and their cryptocurrency is lost. He must have a market relationship before newcomers come to cryptocurrency Must acquire knowledge well. It is often seen that newcomers unknowingly invest in a scam project which is followed by a huge amount of launches and invest in a scam project which is followed by a huge amount.
I don't know who tell newbies that bitcoin is a quick rich scheme that can make them rich over night. When you come up in bitcoin with this approach you will get disappointed soon and also lose your money.
As newcomers have no knowledge of trading and investing, they face losses in various ways and their cryptocurrency is lost. He must have a market relationship before newcomers come to cryptocurrency Must acquire knowledge well. It is often seen that newcomers unknowingly invest in a scam project which is followed by a huge amount of launches and invest in a scam project which is followed by a huge amount.
I don't know who tell newbies that bitcoin is a quick rich scheme that can make them rich over night. When you come up in bitcoin with this approach you will get disappointed soon and also lose your money.
Well, the BTT forum is huge and full of interactions learning but it wasn't needed for you or your friend to be active and visit frequently. We know that this is not the only source of information when it regards trading, you can still make a search online or watch Youtube. It is really time-consuming but can't deny how it helps to build a strong trading foundation which I believe was lacking for newbies.
That's why I always recommend to my friends who are studying to stay active in forums like this. So that all can learn from each other from the experiences of people who have been long and successful . At least to get information to avoid things that are detrimental fraud.
Even we have all the learnings and trading tools still, we can't assure that we gonna be at profit then, sometimes we got unlucky and losses come as a part of our trading life. 
As newcomers have no knowledge of trading and investing, they face losses in various ways and their cryptocurrency is lost. He must have a market relationship before newcomers come to cryptocurrency Must acquire knowledge well. It is often seen that newcomers unknowingly invest in a scam project which is followed by a huge amount of launches and invest in a scam project which is followed by a huge amount.
it is possible that what you say is true and does happen most often, but it is not only beginners who experience it, those who have experience also cannot be separated from being done so that fraud can occur. but perhaps the old ones have begun to understand and are very careful to accept what they can from unknown information or give attractive but unreasonable gifts. so it is true that beginners in crypto experience it the most to be tricked by fraudsters. although it could be that the old can also experience maybe the portion is smaller. but fraud seems to have become a routine nowadays and it has become a separate job for them. 
If you are going to ask me, it is really the person's lack of knowledge of the investment and their lack of willingness to learn. When you enter the cryptocurrency markets, you must be armed with the basic information of what crypto is and how it works. Then experience will be the next teacher that will give you most of the experiences you need to become a smart trader or investor. You can try to become an investor of multiple coins but that also needs additional knowledge and additional effort so newbies needs to be learned for them to understand this.
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