Topic: Reasons for newbies loss in bitcoin - page 18. (Read 3623 times)

No one is going to listen to newbies so even if they do spread FUD it is not going to change the minds of anyone even new people investing will have some brains and will listen to more established people than newbies. The only issue we have is the people that are established but lose a lot of capital and get butthurt and start spreading FUD or worse the people that intentionally spread FUD in a attempt to make more money by manipulating the economy.

In general, these people never know what they are doing and they just start to invest without having knowledge about crypto, well, what is supposed to happen next? They will sell and dump their Bitcoin if they don't understand the situation and then started to make FUD allowing others to act the same as these st**id mind.

Sometimes, people who joined in crypto, is from  influencer who only tell people crypto is profitable whicch their aim actually to get referral, then a lot of people believe it and do trading without any experience about it. Which make they keep losing because don't know what strategy to minimize losses and who tell them not give them any suggestion because only care about get referral.

Most of the time, newbies loss upon entering the market because they are not yet equipped of the knowledge that they must know and still have decided to put up an engagement thinking that the world of crypto is a key on being an instant millionaire. They are having the wrong mindset added by the misconceptions and underestimating the market itself that makes them fail once they have put up an engagement earlier that learning it first. Common mistakes of the newbies makes them easily get fooled and are not in track on doing decision making because of lack of knowledge  and experience that makes them fail resulting to loss.

The point number 2 and 3 I guess are those of the reasons some of the newbies losses in the market. They ignore the reality that price could go down and when it crashes already they panic and sold even they are on a loss. Whale manipulations are the worst cause they can easily influence the decision of these newcomers on the market. One swing or pulling of the price and their get scared right away.

Newbies should understand all those factors and be calm cause if they let their emotions tremble they they will lose here.

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.