Topic: Reasons for newbies loss in bitcoin - page 12. (Read 3618 times)

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.

1) People think Bitcoin as tool to become rich overnight

The main reason for people investing in bitcoin is that they see btc as tool to become rich overnight and according to them if they would invest $100 or $1000 in bitcoin it would be double or triple within days and when they see their investment going down next step they get nervous and want to safe themselves from any further loss.They see on news and article that btc is up 1200% this year and they think it will keep on rising and when this does not happen they panic sell and start dumping their coins.They need to be atleast have patience and know it will take certain time for btc to jump back.Apple,Microsoft and other shares have not make upto S&P 500 overnight but still bitcoin is keeping the pace very fast. 

2) People ignore the volatility factor and past Crashes

Many new investors enter the market in the investment hype and hope for steady rise and ignore the main "Volatility" factor and it is the basic knowledge every investor must have prior investment.The volatility in crypto market is high and prices can fluctuates highly but when it goes down they start panicking and do the same mistake which is biggest mistake. Market have seen many dips and crash like situations but still they tend to ignore it and got nervous. They should see this chart history before any judgement:

3) Whales manipulation and FUD

This is most common technique to create dump like situations in market to gain huge profits from this situation and accumulate more bitcoins at cheap prices.They spend rumours and create FUD in the market to which most of the newbies will get panic and start selling off and exactly same thing happens and the only ones who suffer loss out of this will be panic sellers.

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

Greediness and aiming for too much is actually one of the common reasons why newbies are getting scammed.

They easily believe in fud and false information because they didn't do full research about Bitcoin.

I agree with you. Newbies don't know about the word patience, they don't have patience. They panic when the price of bitcoin falls, and sells their Bitcoin. Only the strong can hold bitcoin and won't panic even when the market crashes. Bitcoin is an unstable Coin, which price rises and falls. And when it falls, you don't have to panic, because it will surely rise. It all about patience.

This happened to me, when I first bought bitcoin I thought this was the fastest profitable investment, the first time I bought around 2.75 btc was in 2015 when the price was around $240, because the price continued to drop below $200 made me panic and immediately sold all my bitcoin, and regret that not long after that the price continued to skyrocket.

the major reason why newbies fall victim to fuds from the whales trying to manipulate the market for there own gain, only weak hands panic sell because an experienced investor will never listen to fuds and panic selling.

Reasons number one and number three are probably popular. newbies when entering the market don't have sufficient knowledge,but want to make money quickly, make a lot of money in a short time. They don't know that scammers are lurking around waiting for them to put in evil scams.Besides, panic will also cause newbies to lose money with FUDs, market fluctuations because whales are trying to manipulate the market.

Bitcoin is becoming mainstream these days and top most choice for many investors for making investments and contribute a good portion of their portfolio allocation towards the same but still we see panic sell among these investors making the situations worse for market and for themselves also. So what are the main reason for these sell off ? Later on when they buy at peak and sell off at drop they think btc was not the right option for them but don't realize their mistake.Some common reasons for these are as follows:

1) People think Bitcoin as tool to become rich overnight

The main reason for people investing in bitcoin is that they see btc as tool to become rich overnight and according to them if they would invest $100 or $1000 in bitcoin it would be double or triple within days and when they see their investment going down next step they get nervous and want to safe themselves from any further loss.They see on news and article that btc is up 1200% this year and they think it will keep on rising and when this does not happen they panic sell and start dumping their coins.They need to be atleast have patience and know it will take certain time for btc to jump back.Apple,Microsoft and other shares have not make upto S&P 500 overnight but still bitcoin is keeping the pace very fast. 


2) People ignore the volatility factor and past Crashes

Many new investors enter the market in the investment hype and hope for steady rise and ignore the main "Volatility" factor and it is the basic knowledge every investor must have prior investment.The volatility in crypto market is high and prices can fluctuates highly but when it goes down they start panicking and do the same mistake which is biggest mistake. Market have seen many dips and crash like situations but still they tend to ignore it and got nervous. They should see this chart history before any judgement:


When it have witnessed more than 70-80% crash in prices and still managed to rise to this level so why do panic sellers think it is bubble and will burst this time? It has been declared dead hundred times and still trading at $30k so if you underestimate it you will be in loss in future.

3) Whales manipulation and FUD

This is most common technique to create dump like situations in market to gain huge profits from this situation and accumulate more bitcoins at cheap prices.They spend rumours and create FUD in the market to which most of the newbies will get panic and start selling off and exactly same thing happens and the only ones who suffer loss out of this will be panic sellers.

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WE ALL NEED TO TAKE INTO CONSIDERATION ALL THE FACTORS BEFORE INVESTING INTO BITCOIN AND HAVE PATIENCE FOR SOME TIME MOST IMPORTANTLY IN THESE DIPS SO THAT IT GET SOME REATAIL SUPPORT.

It is very important to have a target price.  Most newbies don't have it so they make the wrong decision.  They should have sold it but they bought it again because they were greedy.  When they bought it, the price went down.

You are right most people are the one's creating losses for them selves, some people when there see bitcoin price at a very low price there won't buy until it rises so high that's when there will jump and buy at the top later price dumps and there regrets and place the blame on bitcoin instead of them learning from their mistakes. We should stop the panicking, bitcoin has been through bad times and still conquered and will still keep wining, the golden hands are the real beneficiaries.

not all beginners are like you said, especially those investors who are beginners before going down to the crypto world they first learn how to get profits and the risks that must be faced so they are mentally prepared and they are ready to take risks.

the major reason why newbies fall victim to fuds from the whales trying to manipulate the market for there own gain, only weak hands panic sell because an experienced investor will never listen to fuds and panic selling.

Reasons number one and number three are probably popular. newbies when entering the market don't have sufficient knowledge,but want to make money quickly, make a lot of money in a short time. They don't know that scammers are lurking around waiting for them to put in evil scams.Besides, panic will also cause newbies to lose money with FUDs, market fluctuations because whales are trying to manipulate the market.

Newbies lose money from cryptocurrency because of ignorance and greediness these are the common reasons why newbies are losing their money in cryptocurrency, they have lost their money because of trying to invest and to trade without even knowing all about it so they end up losing their money.  Some also become greedy in a way that whenever they already gain x2 from the initial investment they still looking for more.