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Topic: Reasons for newbies loss in bitcoin - page 4. (Read 3537 times)
The main reason is always greed. Because newbies are not like experienced investors. Most of them are having problems on dealing with their greed problem above all else. However, they should already be knowing that the market is highly volatile and they can lose a lot of money too. They just need to set price goals and act according to it. They should get accustomed to sell when it is time. This will help them become a better investor.
Reasons for newbies loss in Bitcoin for me i think lack of knowledge and experience both are very important. Specially for new members who are new in this they don't know where to invest how to invest and so on. Another reason greedy plans newbies want quick profit and this gonna into loss. Bitcoin wants knowledge and update.
No wonder the ultra rich does not like crypto because if they tried and they fail, they will fail miserably. Better not to indulge in cryptocurrency than risk your money to something you don't understand. And having that get-rich-quick kind of thinking like you said will not work with cryptocurrency. The ones who made tons of money here were the ones who were patient enough to wait for the price to be right.
The real reason why the ultra-rich doesn't like Bitcoin is not because they are unable to make profits out of it. The real reason is that most of their assets are in fiat economy, and cryptocurrency represents a threat to that. Many of the uber-rich do have investments with cryptocurrency, and many of them have profited out of it. But even then, it poses a threat for the maintenance of their wealth. Another factor is that cryptocurrency has the potential to create a large number of new millionaires (and even billionaires). This will dilute the standing of the current millionaires.
Starting an investment with a large capital and not having knowledge of market laws such as "Supply and Demand" makes a beginner quickly panic. The first and second points are the main factors causing losses. not only beginners, old traders also have to change the get-rich-quick mindset and volatility as a benchmark for market conditions before investing. With market conditions that can't be predicted with certainty if using isting then losses are very close to us.
No wonder the ultra rich does not like crypto because if they tried and they fail, they will fail miserably. Better not to indulge in cryptocurrency than risk your money to something you don't understand. And having that get-rich-quick kind of thinking like you said will not work with cryptocurrency. The ones who made tons of money here were the ones who were patient enough to wait for the price to be right.
Newbies mainly lose in the Forex, because of their lack of knowledge and skills. Without proper practice in the Forex, you could never make much money in the Forex Market.
There are a few important things to keep in mind when it comes to forex trading. One cannot gain Forex trading in a hurry, one must acquire knowledge about Forex trading signals and Must have previous experience. If they go into forex trading without understanding the new ones and without knowing about forex signals, they will have to count the losses instead of the profits. sr. member
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this is very unfortunate why beginners can lose their bitcoins, in the future we have to be more careful with people we just know such as not giving our passwords or their passwords to that person because this will be very easy to hack, let alone there are so many people who are not responsible for our account, this is a step that we must be aware of for the future
That's a good point.. I don't remember posting this point in one of mine... Newbies usually choose the wallet that is shown in ads either on Google, Facebook or on websites such as Coinmarketcap.
And from there those users pick their wallet and usually end up getting scammed after depositing to the address shown in that wallet.
Newbies mainly lose in the Forex, because of their lack of knowledge and skills. Without proper practice in the Forex, you could never make much money in the Forex Market.
Starting an investment with a large capital and not having knowledge of market laws such as "Supply and Demand" makes a beginner quickly panic. The first and second points are the main factors causing losses. not only beginners, old traders also have to change the get-rich-quick mindset and volatility as a benchmark for market conditions before investing. With market conditions that can't be predicted with certainty if using isting then losses are very close to us.
Most new entrants to the cryptocurrency market mostly 70-80% of people lose money. In which, they do not study carefully, lack of understanding, invest in haste, but have fear and cannot control their emotions. Wanting to make quick profits, they mainly participate in interest-paying projects, in the style of calling for investment capital in the form of interest payment. Because, these digital currencies do not stand on the international floor, but they only trade on the internal exchange, because the buyers exchange with each other, so it is easy to be cheated.
The entire blockchain and cryptocurrency space is very volatile. And the technology behind it is very confusing, so unless you are very passionate about this market, don't view it as a get-rich-quick scheme.
The entire blockchain and cryptocurrency space is very volatile. And the technology behind it is very confusing, so unless you are very passionate about this market, don't view it as a get-rich-quick scheme.
Not only beginners but also many senior people loss in btc because of their stupidity and not having proper knowledge about market and also their patience level . They don't want to loss and this behaviours made them loss .when price began to fall down that tym they sell it without having patience , they don't want to hodl patiently . As a result loss happen , not only for newbie but also senior members
not only beginners who lose a lot of bitcoins when investing but seniors also experience the same thing like that, which is mainly due to their greed and also not paying attention to further market analysis so they don't have time to save their assets when the bitcoin price starts to fall
it's true as you said friend, not only beginners who lose bitcoins even seniors can lose their bitcoins, because it's caused by their own greed, and don't control the market well, if beginners lose bitcoins it may be caused because their mentality is not ready, because they are still afraid of negative posts about bitcoin, sometimes beginners still believe the media that says negative things about bitcoin, because most beginners can't tell which news is true and which is fake news.
The biggest reason should be greed actually. Because newbies generally think that Bitcoin will make them a lot of money if they want more all the time. But this would backfire also. As Bitcoin is a volatile coin like the rest of the coins in the market, people shouldn't trust its price all the time. This would lead someone to a huge money loss. Investors should always plan their investments nicely before making them.
Newbies invest here just thinking of profit and get frustrated when they make a loss. And because may be they have been heard from someone (Friends or Colleagues) that investing in Bitcoin can make they rich overnight.
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I think it's not only newbies who are still doing this, many seniors are still trapped. get rich in 1 night and the bitcoin price will continue to rise it's really impossible but many people still think so. I will immediately sell when the bitcoin price reaches the high point that I set and will wait to buy back at the lower price that I set because I am aware of the volatility of the bitcoin price that will definitely continue to happen..
this is very unfortunate with what is experienced by beginners so they have to lose bitcoin, of course as beginners we have to be careful and don't easily trust anyone especially when they say they can multiply the price of coins by an amount that does not match expectations.because this does not apply in the crypto world, for that we should not easily trust anyone, including scammers
Today I was talking to one colleague in my company. He told me that one of his friends recently lost a huge amount in Bitcoin. I was perplexed. I told him that it was not possible to lose that much, because Bitcoin has been close to ATH level, and the most recent correction lasted for only a few days. Then he told me that this guy invested in some shitcoin and not in Bitcoin. I really got angry and scolded him for equating Bitcoin with shitcoin. These idiots lose their money by investing in shitcoins and then they blame Bitcoin for that. Some of them don't even know the difference between BTC and shitcoins. For them all the cryptocurrencies are Bitcoin.
That is what's happening in the market that people once invest in some shitcoins that will never go up and then whales start dumping that coin and they could lose all their invested capital and then blame the btc and market for the same as usual and we can't say anything for these people so better leave them ignored.
@wiss19You are right and I even feel it's due to lack of knowledge about BTC and market movements. The newbies are unaware about the price movements and whenever there are high fluctuations, especially towards the red zone, their panic button switches on and they sell it instantly, unaware that the market always bounces back after sometime.
My opinion is that, if you are a newbie for not only BTC but also any other financial market also, you must be studied in depth before investing or trading. if you didn't study about the market then definitely you will be lost because of the lack of knowledge. I know about a lot of people who lost their money by trading and investing without prior knowledge about the market. I spoke with them and they told me that they invented the market without much knowledge. so if you want to be a profitable investor or a trader, then first of all you must want to study the market.
Too much volatility in bitcoin is really threat for every newbie because no one know about this all price movement and even peoples with some good knowledge and education face some serious problems everyone needs to understand about trading which is very basic for entering in crypto.Many newbies completely fail to understand and sell their coins in lost and leave this market forever because they feel they are not able to handle this all situation.
Worst thing is mostly newbies relay on others opinion and keep listening which hurts their confidence and bring some chaotic in market which bring big loses and serious problems for all investors.
Newbies lose in bitcoin because they think they know it all in the areas of investment. They see their facilitators as the cause of their profit delay for not allowing them to start their own investment .
Many newbies are still experiencing lost in bitcoin because of the following reasons:
1) They want to do it alone: Many newbies are still regretting for their lost because they want to do it alone without the help of a mentor.
2) Short cute: Many newbies want to take short cute to make their profit that is leading them to lose in bitcoin.
3) Lack of information: They lack forum information when investing. They think they can make a good profit without getting good information from the right sources in the forum.
Many newbies are still experiencing lost in bitcoin because of the following reasons:
1) They want to do it alone: Many newbies are still regretting for their lost because they want to do it alone without the help of a mentor.
2) Short cute: Many newbies want to take short cute to make their profit that is leading them to lose in bitcoin.
3) Lack of information: They lack forum information when investing. They think they can make a good profit without getting good information from the right sources in the forum.
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