Reasons for newbies loss in bitcoin - page 11.

fauzan Ichsan

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Quote from: skybot13x on August 12, 2021, 03:31:22 PM

Quote from: Golftech on August 12, 2021, 02:42:04 PM

Quote from: ?? on ??

Very true. More newbies in Bitcoin are so disparate to invest without knowing what they are doing and the possible risks. They are thinking to become one day rich or quick rich mindset. But no. Yes sir, you are correct. Knowledge is important to stop crying if whales control the market or if the market dump.

Such mindsets broke many newcomers to this market, the volatile nature of bitcoin lead those uneducated investors to lose

there hard earned money, knowledge is very important for those with no idea of the business that they are working with, the chance

of being scam or being moved by whales is very possible to happen.

So you think that education is the holy grail against losses in the most volatile market of the entire world? I doubt that a lot and it is not only newbies who are losing money. There are also pros as you would probably call them. Bitcoin can't be treated like other investments as it is unregulated. There could be a hurricane of regulation tomorrow, when you wake up. It might have been dumped to oblivion while you are sleeping. It is not that simple as you put it. I would consider myself experienced and yet I made bad trades as well. In my opinion that is quite normal in such a volatile market, volatile in terms of price and in terms of news.

in a trade, even professional traders sometimes lose, and that is a natural thing considering the market is not always what we planned. and to survive in the market, we must measure the risks and rewards before trading, after that we must be disciplined in the analysis, I think this is what beginners don't understand, where they don't know how to stay in the trade

Shasha80

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Quote from: Hughes_Ryan on August 14, 2021, 10:56:33 PM

Quote from: worle1bm on July 20, 2021, 03:27:39 AM

1) People think Bitcoin as tool to become rich overnight

I think this is the main factor causing newbies to lose. Most people have only seen and heard, but they cannot understand the specific nature and power of bitcoin. Everything has to come from process and time, some people with high time demand on profit will be at a disadvantage, then panic and dump. Ignorance leads to lack of trust and loyalty.

Many newbies experience losses because they believe too much in other people's opinions, which are sometimes different from the reality.
Therefore for beginners they should not focus on making profits from Bitcoin, but it's better to learn everything about Bitcoin first. So will
understand how Bitcoin works, and will not think of Bitcoin as a tool to get rich instantly. It takes patience if we want to profit from Bitcoin,
because Bitcoin is good as a long-term investment.

Hughes_Ryan

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Quote from: worle1bm on July 20, 2021, 03:27:39 AM

1) People think Bitcoin as tool to become rich overnight

I think this is the main factor causing newbies to lose. Most people have only seen and heard, but they cannot understand the specific nature and power of bitcoin. Everything has to come from process and time, some people with high time demand on profit will be at a disadvantage, then panic and dump. Ignorance leads to lack of trust and loyalty.

DibiaVxosis

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No doubt this are the pure reasons to which newbies lose to bitcoin, if there follow the due process by acquisition of knowledge there won't be no much losses, being informed helps us to be able to maximise our profits and limit our loss. It's better to learn and be informed before jumping in to the crypto space to avoid unnecessary loss or doing things ignorantly.

Kayum10029

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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.

oktana

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I agree with number 1 and 3! These newbies think that because Bitcoin has risen so high compared to the past decade and has made people millionaires, that it is a pattern for everyone who buys Bitcoin. LoL. It's obviously saddening, in most cases, I try to explain that in as much as you can become a millionaire overnight, you could go to zero the same night. Volatility doesn't care if that was your savings or not. Also, most of them happen to buy because of FUD which can be bad. It can get really bad because they do not do proper research but rather jump in because it's trending and they are scared that another set of millionaires are about to be created and they won't be among. In cases like this, I'll advice we help them out. Because such actions lead to loses and then regrets, and then, they start bashing Bitcoin saying that it has taken their money or so.

nightxglow

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Quote from: dimox on August 12, 2021, 05:41:48 AM

Quote from: Kong Hey Pakboy on August 12, 2021, 03:06:38 AM

Quote from: ?? on ??

beginners often lose bitcoin because of point 1. I think this is because beginners only see the movement of the bitcoin increase chart in a short time without thinking about the long term. so it's easy to get stuck in the opinion phase, get rich quick. this is wrong, because in crypto everything requires a process and there is no instant rich

But disregarding that reason, I think it's more of the impatience that causes them to loss money, they panic when the prices are going down which ends up with them having to sell their bitcoin at a lower price because they're scared that it will only go down to that point. Plus, there's the short-term mentality of the newbie, they don't exactly think at the grand scheme because they're scared that it's all a scam at the end.

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.

Right, the lack of knowledge regarding bitcoin sure is what made them experience loss, mostly. They might not understand much about bitcoin situation, the trend, the volatility and such, and for those people, they are being so afraid even if the price fall only a little, or fall quite much for short time. They will be panic and then most of them will panic selling, which will make the price decline even more, and more people will complain about their loss and such. Only if they understand that bitcoin can be really volatile, trust it enough and never sell in panic, of course decline won't happen, and the price will slowly increases back again. Really, people need to learn more before investing though, to avoid making mistakes that can be prevented.

Golftech

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Quote from: fauzan Ichsan on August 12, 2021, 09:41:06 PM

Quote from: skybot13x on August 12, 2021, 03:31:22 PM

Quote from: Golftech on August 12, 2021, 02:42:04 PM

Quote from: ?? on ??

Very true. More newbies in Bitcoin are so disparate to invest without knowing what they are doing and the possible risks. They are thinking to become one day rich or quick rich mindset. But no. Yes sir, you are correct. Knowledge is important to stop crying if whales control the market or if the market dump.

Such mindsets broke many newcomers to this market, the volatile nature of bitcoin lead those uneducated investors to lose

there hard earned money, knowledge is very important for those with no idea of the business that they are working with, the chance

of being scam or being moved by whales is very possible to happen.

So you think that education is the holy grail against losses in the most volatile market of the entire world? I doubt that a lot and it is not only newbies who are losing money. There are also pros as you would probably call them. Bitcoin can't be treated like other investments as it is unregulated. There could be a hurricane of regulation tomorrow, when you wake up. It might have been dumped to oblivion while you are sleeping. It is not that simple as you put it. I would consider myself experienced and yet I made bad trades as well. In my opinion that is quite normal in such a volatile market, volatile in terms of price and in terms of news.

in a trade, even professional traders sometimes lose, and that is a natural thing considering the market is not always what we planned. and to survive in the market, we must measure the risks and rewards before trading, after that we must be disciplined in the analysis, I think this is what beginners don't understand, where they don't know how to stay in the trade

And that's how education comes into the picture. Trading without knowledge is something like gambling with your chances,

You need to have proper guides and sets of information to follow in order to expect and predict what might happen next.

newcomers with no idea of this market often losses their money because of a lazy way of thinking, investing thru influenced of

someone who has good understanding which is far in result as those who have knowledge can easily adjust while newbies

don't have that capabilities.

Traderbtcc

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Quote from: DeathAngel on July 20, 2021, 06:37:37 AM

Newbies lose money in bitcoin because they have no patience, they expect to get rich in a short time & if the price goes down a bit they sell at a loss which is the worst thing you can do.

Lack of patience is definitely one of the reason, since bitcoin can't pump 1000x in a short time like those shitcoins around, newbies want to get rich over night with crypto and there's no other way for them to get that except they try buying those shitcoins which in the end they eventually get rekt by it, noobs need to understand that no one who has ever invested in bitcoin and held it for a long time has ever recorded any loss, but we can't really change their mind to see things in our way, so it's up to them to choose Btw getting rekt by shitcoins or holding btc and earning profit in the long run.

lepbagong

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Quote from: ?? on ??

it is very unfortunate what experienced by beginners with the loss of their bitcoins, but what happened today can be an experience for tomorrow don't easily trust anyone we don't know because the bitcoin system has no name doubling or multiplying bitcoins which will become bigger as beginners imagine, I don't think this will only happen to beginners but will also be very vulnerable to the possibility that investors who are long enough will also lose their bitcoins

fraud perpetrators will obviously not sort out who will be targeted for fraud, so it is possible that old people who have been in crypto can also be tricked like newbie players in crypto.

fraudsters have indeed made this method a livelihood that will always be done because the opportunity is always available, maybe even now via telegram is the most vulnerable to being able to commit the most fraud.

It's very unfortunate that there can always be events that will happen at any time even though you may have taken quite a careful action, there will always be updates in doing that action, so always stay alert and don't be tempted by any help.

harizen

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That's why there are newbies right? Even they read lots of basic fundamentals, advice, suggestions, etc. prior to doing trades, once they experienced the actual, there is really a chance that they will be choked on the way. Let them experience the bad outputs of doing trades then decide for themselves if they will continue or not.

It's way better for me that those newbies will experience lots of mistakes and problems in the early phase of doing trades so they will know and understand what should they do. Soon, they will try to avoid it by creating a strategy. There's no easy path to success and all newbies should at least experience these mistakes in order to learn

Maybe what's better to discuss is, "reasons for experience traders loss in bitcoin".

lienfaye

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Quote from: ?? on ??

The reason for investing in Bitcoin is the volatility of Bitcoin.
Market sentiment is very important. When the price drops, everyone is more panic and will sell their coins.
Believe in FUD. Believe in whales. Did not think for yourself. Emotional investment.

These are the results of investing in crypto without having knowledge on how crypto works, what to expect in the long run and the worse situation that might occur. Volatility is the nature of crypto thus we cant expect the prices of the coins we hold to move upward only because it is high volatile and correction is inevitable. If only these newbies did their own research before investing their money then believing in FUD as well as panic selling can be prevented since you have knowledge on what to expect and has patience to wait for the right time to sell, because it can take months or years before we can see the outcome of our investment.

hypersonic1

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Endless Horizons!

If people just put in $5 at a time regardless of what the whales did the crypto space would very quickly resemble a constant short squeeze. I often thjink the whales dump right as the squeeze is going to hit in order to avoid having to FOMO in. New people don't understand who is in the water and panic sell just in time to lose the opportunity for profits. They also don't invest in a way to make money while going down.

skybot13x

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Quote from: Golftech on August 12, 2021, 02:42:04 PM

Quote from: ?? on ??

Very true. More newbies in Bitcoin are so disparate to invest without knowing what they are doing and the possible risks. They are thinking to become one day rich or quick rich mindset. But no. Yes sir, you are correct. Knowledge is important to stop crying if whales control the market or if the market dump.

Such mindsets broke many newcomers to this market, the volatile nature of bitcoin lead those uneducated investors to lose

there hard earned money, knowledge is very important for those with no idea of the business that they are working with, the chance

of being scam or being moved by whales is very possible to happen.

So you think that education is the holy grail against losses in the most volatile market of the entire world? I doubt that a lot and it is not only newbies who are losing money. There are also pros as you would probably call them. Bitcoin can't be treated like other investments as it is unregulated. There could be a hurricane of regulation tomorrow, when you wake up. It might have been dumped to oblivion while you are sleeping. It is not that simple as you put it. I would consider myself experienced and yet I made bad trades as well. In my opinion that is quite normal in such a volatile market, volatile in terms of price and in terms of news.

Golftech

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Activity: 2128

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Quote from: ?? on ??

Very true. More newbies in Bitcoin are so disparate to invest without knowing what they are doing and the possible risks. They are thinking to become one day rich or quick rich mindset. But no. Yes sir, you are correct. Knowledge is important to stop crying if whales control the market or if the market dump.

Such mindsets broke many newcomers to this market, the volatile nature of bitcoin lead those uneducated investors to lose

there hard earned money, knowledge is very important for those with no idea of the business that they are working with, the chance

of being scam or being moved by whales is very possible to happen.

alpamar99

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Quote from: dimox on August 12, 2021, 05:41:48 AM

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.

actually returning to the intentions and desires of each person himself because when talking about guidance, of course, beginners need guidance and advice that at least can be used as a reference.
but this is especially so in a sophisticated era like this it should not be difficult for that, because now there are a lot of good starting from the discussion, how to read the market and others have been widely circulated on social media even in the form of not only articles but videos and many other things. once associations like bitcointalk this can help their insight.
but the problem is whether they want it or not because most of the beginners don't want to bother looking for things like this they just wait for news from people and join the hype into the pump and dump. although not all of them are like that but most of them use this way to be in crypto so it is very likely that they lose their money here.

Imran232

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Quote from: worle1bm on July 20, 2021, 03:27:39 AM

2) People ignore the volatility factor and past Crashes

3) Whales manipulation and FUD

I also think these 2 points are the major factor of a newbies lose. Well though i am not a experts i am also a slightly Newbie but when i started to my investment journey in crypto then what i feel why i was in lose. The reason was panic. I always in stress about the price, charts and finding something to make profit. Why price in red. Then i took bad decision sell in lose. Following telegram signal channel which was the worst thing i have done in my journey. This 2 point should be added too.

Like: 1: Stress and Panic about price charts red candles..

2: Following fake trading signal channels signal.

Tumanggor

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1xBit.. recovered their reputation

newbies are people who enter the crypto market because they follow other people and without knowledge and experience
they buy when the bulls and sell when the bears, that's really funny

newbies can profit if they are more positive and calm minded when buying bitcoin or other crypto assets
the only keyword is don't sell when the market panics

juliepower

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Reasons for newbies loss in Bitcoin are:-
Lack of knowledge because they are new in Bitcoin they don't much know about how Bitcoin works, how to invest in Bitcoin how to buy ,what to buy and many more. They sell in panic and they don't hold and loss their money so patience is another important point..They have to do is learn more about Bitcoin then take another step. Before invest in any think twice and ask experiencd people.

Qirtov

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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.

Topic: Reasons for newbies loss in bitcoin - page 11. (Read 3618 times)