Reasons for newbies loss in bitcoin - page 14.

Pamadar

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Quote from: Distinctin on July 24, 2021, 08:26:22 AM

Due to lack of information about cryptocurrency. For example, they buy at a high price and then the market suddenly crashes, they panic selling and they sell it at a loss.

It wasn't the ideal strategy to be used, newbies are blindly investing coins coz they just thought that the market will keep on moving high. Their ignorance about the volatility of the market made them lose. But then, we have to consider their situation and it was because they don't have enough knowledge in the market.

However, losing doesn't mean it was our end, we still have the chance and to correct all the mistakes we have done. And for sure these newbies will realize how important to spend more time in the market and gathering useful ideas on the internet.

If not all most traders also experienced mistake like that, but for those who are keen to succeed.

This kind of mistakes served as a good learning path to find the right strategy and the right attitude towards this business, the more
they engage and eagerly understand how things works, the more that they'll be able to build good system to use with their trading business.

Trading nor investing is not easy but learnable if you are really seeking for the right system to use while working inside this business.

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Quote from: Kocret02 on July 24, 2021, 09:18:55 AM

number 1 is the main point that beginners can think very short. even though I think getting rich from bitcoin requires a lot of processes not just overnight and it's the wrong strategy to get quick profit from bitcoin without knowing the right goal

unless he understands to invest in bitcoins instead of trading. but also if you have less knowledge of course it will be a burden if you buy when prices are at their peak. until now it is not easy for beginners to hold on to it and be patient until the price reaches a new ath again. therefore knowledge is very important to determine when to buy bitcoin

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Quote from: kakonlin on July 23, 2021, 02:46:35 AM

Newbies lose in bitcoin because they are too greedy to buy bitcoins with all the money they have. Then they are also impatient and easily panic when the price of bitcoin drops. So they are afraid of losing more money. Until they decide to cut loss. In fact, when the price of bitcoin is corrected, we should buy it again.

Yes right, this has happened to me, and most newbies when they first buy bitcoin and get a profit then they will buy large amounts even with all the money they have, they don't have the patience to wait at least a year so when they sell at a loss they write articles about the bad of bitcoin.

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Quote from: ?? on ??

Due to lack of information about cryptocurrency. For example, they buy at a high price and then the market suddenly crashes, they panic selling and they sell it at a loss.

It wasn't the ideal strategy to be used, newbies are blindly investing coins coz they just thought that the market will keep on moving high. Their ignorance about the volatility of the market made them lose. But then, we have to consider their situation and it was because they don't have enough knowledge in the market.

However, losing doesn't mean it was our end, we still have the chance and to correct all the mistakes we have done. And for sure these newbies will realize how important to spend more time in the market and gathering useful ideas on the internet.

worle1bm

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Quote from: Hypnosis00 on July 24, 2021, 01:35:26 AM

And we all have started from learning the basics and losing is part of it. We understand their situation knowing that they don't have enough knowledge in this kind of business and losing is not the biggest mistake that they ever do.

And talk about greediness, there is some level of such behavior, one is to dream about just become rich and that is why they work hard. The other one is TOO MUCH greediness in which a person needs to do evil things just to achieve their goal.
https://knowledge.insead.edu/blog/insead-blog/seven-signs-of-the-greed-syndrome-4624

Well for now, satisfaction is really to find nowadays since we all wanted to improve our living and give comfort to our family. Might it call greediness, what is important is that we only do good things.

If you have invested in Bitcoin then you must have basic knowledge about it at first because the first rule in trading says that you must DYOR before making any investment but many people ignore it and the loss suffer is out of ignorance.Making loss unintentionally like in trading is common case and no double many old and new investors suffer it but here we are taking about those who get blind and take btc as scheme to be rich overnight and when the scenario is opposite they start dumping the coins and they have misleaded the entry to Bitcoin world.So all they need is to atleast have little knowledge before making any investment which could reduce their loss.

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Quote from: haidil on July 23, 2021, 10:27:37 AM

Quote from: Hypnosis00 on July 21, 2021, 06:01:50 PM

It was not a bad idea as it was a sort of motivation but the wrong is that they never have a good entry. Most of them never know what will be the best position to start investing in crypto, they just put their money without doing research, and losses will absolutely they will get in the end.

Honestly, it was not only newbie suffering like this, even old-timers make some losses because of the market volatility. Because even though we have knowledge in crypto space but it wasn't all the time the market is in good trend, and sometimes we make a wrong decision. Losses can't be avoided as it was a part of our journey here and if we are not able to cope up with this, we even lose more.

I think things like that are not motivation but greed because the average beginner doesn't know what the system here is like, how to read what kind of candles and without knowing the latest news, they immediately make entries without doing research first in the hope that they can make big profits. , this is too rash and this is tantamount to gambling because they only use the instincts they have in the hope of making high profits.
I don't hate or blame beginners for things like this, but at least they should start from the basics first by learning things related to crypto etc. Don't immediately think of big profits in one day because there is nothing like that here. here there is a process and the process is not instant.

And we all have started from learning the basics and losing is part of it. We understand their situation knowing that they don't have enough knowledge in this kind of business and losing is not the biggest mistake that they ever do.

And talk about greediness, there is some level of such behavior, one is to dream about just become rich and that is why they work hard. The other one is TOO MUCH greediness in which a person needs to do evil things just to achieve their goal.
https://knowledge.insead.edu/blog/insead-blog/seven-signs-of-the-greed-syndrome-4624

Well for now, satisfaction is really to find nowadays since we all wanted to improve our living and give comfort to our family. Might it call greediness, what is important is that we only do good things.

ropyu1978

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it's true what you said, most beginners who lose their bitcoins are caused because of their limited range of vision, they also lack experience and lack of insight, they easily believe in the sweet promises of scammers, who promise profits, but in the end, we are tricked by scammers ..

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Quote from: kakonlin on July 23, 2021, 02:46:35 AM

Newbies lose in bitcoin because they are too greedy to buy bitcoins with all the money they have. Then they are also impatient and easily panic when the price of bitcoin drops. So they are afraid of losing more money. Until they decide to cut loss. In fact, when the price of bitcoin is corrected, we should buy it again.

it's true that a lot of greedy beginners want to make a lot of money in a short time and don't want to lose I have a friend he can't wait when the coin price drops and sells coins for fear of losing a lot of money even though I told him to be patient, the coin price will go up again just waiting for time but he doesn't care now buddy sorry because the price of the coin has gone up.

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Quote from: Hypnosis00 on July 21, 2021, 06:01:50 PM

It was not a bad idea as it was a sort of motivation but the wrong is that they never have a good entry. Most of them never know what will be the best position to start investing in crypto, they just put their money without doing research, and losses will absolutely they will get in the end.

Honestly, it was not only newbie suffering like this, even old-timers make some losses because of the market volatility. Because even though we have knowledge in crypto space but it wasn't all the time the market is in good trend, and sometimes we make a wrong decision. Losses can't be avoided as it was a part of our journey here and if we are not able to cope up with this, we even lose more.

I think things like that are not motivation but greed because the average beginner doesn't know what the system here is like, how to read what kind of candles and without knowing the latest news, they immediately make entries without doing research first in the hope that they can make big profits. , this is too rash and this is tantamount to gambling because they only use the instincts they have in the hope of making high profits.
I don't hate or blame beginners for things like this, but at least they should start from the basics first by learning things related to crypto etc. Don't immediately think of big profits in one day because there is nothing like that here. here there is a process and the process is not instant.

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Quote from: AniviaBtc on July 23, 2021, 02:13:14 AM

It is really not good to think bitcoin as a quick rick scheme that you only need to utilize when you want it.

Bitcoin needs knowledge, experience, and willingness so that you can make it grow and become successful with it.

Also bitcoin is risky when you don't know what you're doing and you don't know how blockchain technology and crypto works in the market.

When people will realize that Bitcoin is not only related to money making and investment scheme and rather than some sort of financial revolution that could change the payment processing system in a decentralized way we will see less people losing their money.But for most of them bitcoin act as tool which could make them rich quickly like they have got Aladin lamps but when they don't get it they got upset and panic sell but they need to be at least patient to hold for some time so they could generate normal profits also.

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maybe it's.also very unfortunate.what is.experienced by beginners.when they lose their coins.this can.also be.an example for all of us.so that we don't.easily trust anyone in.the business.affairs that we are currently.living because this will have a bad impact on our business.world In.the future, we must.also be careful.in choosing.a.business partner for us.to start something new, especially since we are still beginners.who do not fully understand the investment.business.

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Quote from: Shamm on July 23, 2021, 07:00:20 AM

One of the first probability reason why newbies loss their Bitcoin , cause they are Glare at the Money an never think the possible outcomes. Bitcoins are one of the best Digital cryptocurrency. Yeah it's true trading Bitcoins is Good but think also the other side that Bitcoins is Volatile and we can not predicted the possible results weitheir if we win or loss.

Newbies aren't good enough in the market, their level of understanding was still far from us but we can't deny that we are also is struggling hard during our first entry into the crypto space. I could say that what they have done today is the same story we've done before. We were able to find what went wrong because we learn from our bad experiences before and I believe that these newbies will also change their attitude and mindset later on once they learn their mistakes.

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One of the first probability reason why newbies loss their Bitcoin , cause they are Glare at the Money an never think the possible outcomes. Bitcoins are one of the best Digital cryptocurrency. Yeah it's true trading Bitcoins is Good but think also the other side that Bitcoins is Volatile and we can not predicted the possible results weitheir if we win or loss.

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Crypto space is not just a profit earning place. It offers great solutions such as smart contracts, NFT marketplace, transparency etc. Newbies should look at a larger perspective. The main reason for their loss is their limited scope of vision.

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Quote from: macson on July 22, 2021, 08:38:48 AM

~snip~

newbies who think Bitcoin will make them rich overnight when the price drops will immediately sell their BTC because they buy Bitcoin based on the words of the speculators.

Maybe those who are experts and big capital, all can be obtained. I saw Coinmamba's status on twitter in futures trading. He has huge capital and he can make big money. But you are right, everything needs a process for newbies if he just jumps in and makes a profit it could be just luck. So new people have to learn, they need to read a lot and compare ways, so that they find the right strategy for themselves. So I always say for newcomers trading, you have to be prepared to lose money to learn.

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Quote from: A62662 on July 20, 2021, 03:39:08 AM

The main reason is greed and stupidity combined with more money than brains.

Indeed this as the simple answer Cheesy

and i will add one more they not yet learn and go all in in this industry

token nowadays is like shitcoin but with wrap of good coin so there is little of token that actually have real use case but there is bunch token that exist to make cryptohype

making crypto hype is good but in process to scam people and make ponzi scheme is bad, usually more than 50% token is going to developer pocket event tho is locked or vested more than a year after locked the dev will have the token again

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

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.

If this is your first thought and belief in crypto specially in bitcoin then you are in wrong way, because this will end you losing all the time.

Bitcoin is the slowest moving coin and that cannot happen overnight becoming rich.

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Newbies lose in bitcoin because they are too greedy to buy bitcoins with all the money they have. Then they are also impatient and easily panic when the price of bitcoin drops. So they are afraid of losing more money. Until they decide to cut loss. In fact, when the price of bitcoin is corrected, we should buy it again.

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Quote from: AniviaBtc on July 23, 2021, 02:13:14 AM

It is really not good to think bitcoin as a quick rick scheme that you only need to utilize when you want it.

Bitcoin needs knowledge, experience, and willingness so that you can make it grow and become successful with it.

Also bitcoin is risky when you don't know what you're doing and you don't know how blockchain technology and crypto works in the market.

Majority of the people get into bitcoin just because it gives access to make money. Whenever one introduce bitcoin to a person who doesn't have any knowledge about bitcoin there arises a question. Why should I use it. For this the very first answer, you can make money.

Taking this into mind newbies think big and invest without learning or experimenting with small funds. This ends with loss and the same person describe bitcoin as the reason for his loss, but in reality his lack of knowledge and lack of understanding is the true reason for his loss.

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Quote from: CoolerSid on July 21, 2021, 11:17:05 AM

Quote from: Republikcoin.com on July 21, 2021, 11:14:11 AM

Good explanation and I agree with the OP, but for a genuine Newbie, point one and point two already represent almost all aspects of the cause of the defeat of newbies who are trying to get rich in cryptocurrency.
They don't really understand the risks of Bitcoin. This high risk is often forgotten and not even studied because they only know something fun from other people.
Supposedly, we must learn about what difficulties are felt when we want to be successful in the cryptocurrency world.
Take a wise decision after Newbie knows the basic knowledge about Bitcoin and cryptocurrency.

Sometimes it even seems to me that option trading is sometimes more suitable for those guys who want to wake up with 2 btc instead of 1.
Although in fact it is the same gambling

I think trading is the same as gambling, hoping for big profits and in a short time, in trading even lust plays a more role than analysis and the latest information developments so that most newbies are stuck with lust and few want to improve.

Topic: Reasons for newbies loss in bitcoin - page 14. (Read 3618 times)