Topic: Reasons for newbies loss in bitcoin - page 5. (Read 3618 times)
Being a newbie, they tend to fall in to panic sales during market manipulation. Many start investing in crypto by hearing their friends earning a lump of profit out of a coin. Hearing to it, they get exited to earn like their friends earned. Without basic knowledge on trading, they invest on the same coin their friends invested and loose their money on panic sales or by choosing the wrong coin. But later they tend to slowly learn from their mistakes where by then they loose all their money.
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.
there are a bunch of reason why newbies have losses when it comes to investing in bitcoin, the most impactful one is the lack of knowledge when it comes to cryptocurrency, because many people believe that if you invest in bitcoin you will be rich overnight which is a wrong mindset.
it's needed to assess well and understand what are inside the business that you are planning to invest in, with the right mindsets you are good to go.Quote
bitcoin's market is very volatile meaning that the price of bitcoin will always go up or down depending on the demand on it.
Yeah, this is very important, if you understand and you are capable to work things out, the chance to earned decent is really possible to happen.Quote
so if you think that investing in bitcoin will make you rich instantly, then you are wrong.
Very wrong! you need time to think back and make sure how ready you are with both risk and chance of earning a lot.Quote
you must first invest in knowledge about cryptocurrency before investing money.
You have to spare good quality time to learn more deeper inside this investment opportunities.
Newbies are really affected by the FUD, they can easily persuade because of the FUD, and whenever there is a FUD on a coin that they are holding they will still sell it even though they are already at loss. The greediness and ignorance also make them lose their money, some of the newbies think that crypto is easy money and a way to become an easy millionaire and that is also one of the other reasons why they lose in this crypto world.
If newbies will try to gain knowledge first before doing crypto activities then they might lessen their loss, losing money in crypto is really normal and I am used to it so many times but with the knowledge that I gain each and every day I lessen the loss and make it a gain.
Even the news of FUD makes a very cruel trap for beginners to lose money because of ignorance so that they will sell even at a loss, behind all this because their mentality is very weak.If newbies will try to gain knowledge first before doing crypto activities then they might lessen their loss, losing money in crypto is really normal and I am used to it so many times but with the knowledge that I gain each and every day I lessen the loss and make it a gain.
A few days ago bitcoin fell because some said it was FUD or bulltrap and other types but without us realizing all these things have become commonplace in bitcoin, and will surely become a frying pan by a group of people who can buy low, but in reality now bitcoin has begun to crawl again, it's a sign that in every certain sector there must be control.
So beginners have to understand this and most importantly by holding back a little it will be much more difficult in the future.
In addition, people should be aware that it is not recommended to invest nearly all of your money into Bitcoin. Because if you will not be able to afford that big loss, you can be in a really big trouble in case you lose all your money for example. People should always invest with an amount which they can afford later in a bad situation. And one should never take loan to make an investment into cryptocurrency also. It is just crazy, you know.
there are a bunch of reason why newbies have losses when it comes to investing in bitcoin, the most impactful one is the lack of knowledge when it comes to cryptocurrency, because many people believe that if you invest in bitcoin you will be rich overnight which is a wrong mindset. bitcoin's market is very volatile meaning that the price of bitcoin will always go up or down depending on the demand on it. so if you think that investing in bitcoin will make you rich instantly, then you are wrong. you must first invest in knowledge about cryptocurrency before investing money.
Yes I totally agree with your opinion lack of knowledge, panic, impatient, putting high amount and greedy plans these are some reasons for newbies loss in Bitcoin.
there are a bunch of reason why newbies have losses when it comes to investing in bitcoin, the most impactful one is the lack of knowledge when it comes to cryptocurrency, because many people believe that if you invest in bitcoin you will be rich overnight which is a wrong mindset. bitcoin's market is very volatile meaning that the price of bitcoin will always go up or down depending on the demand on it. so if you think that investing in bitcoin will make you rich instantly, then you are wrong. you must first invest in knowledge about cryptocurrency before investing money.
Investing without learning, stupid thing to do. They just think of earning and double or triple their money, they don't think the high volatility rate of Bitcoin. Patience is the Key.
For bitcoin of course there is no doubt if newbies practice by investing directly. investment without analysis is gambling, crypto is a real project but many are scams, study in detail the team composition, if in doubt then ask a trusted source, especially in this forum, if convinced then invest immediately.
Lack of self-control;
Too much knowledge of the latest market trends;
Delays in making decisions about difficult financial issues;
Leave the previous market uncertainty behind and think that both bull and bear markets are predictable;
The full energy is not concentrated on all the investment portfolios;
Avoid unfamiliar investment products;
Unwilling to sell underperforming investments;
The tolerance for risk always rises and falls with the market.
Too much knowledge of the latest market trends;
Delays in making decisions about difficult financial issues;
Leave the previous market uncertainty behind and think that both bull and bear markets are predictable;
The full energy is not concentrated on all the investment portfolios;
Avoid unfamiliar investment products;
Unwilling to sell underperforming investments;
The tolerance for risk always rises and falls with the market.
Newbies tend to lose when they don’t study past record of the market volatility. Also, they tend to deliberately ignore the fact that Bitcoin is not a short term project.
There are many reasons for newcomers to Bitcoin losses which if not followed properly can lead to huge losses. The reasons are mentioned below.
Excessive greedyness
Lack of enough knowledge about market and cryptos
Lack of patience in trading
Invest on shit project.
Excessive greedyness
Lack of enough knowledge about market and cryptos
Lack of patience in trading
Invest on shit project.
There are many reasons newbies lose, and I've experienced all of the above, but the more I hear and read the more I understand the best strategy to be profitable in crypto, when I first got to know crypto I was greedy because I hoped for big profits from projects that promised big profits , finally I got scammed and this makes me excited to keep learning.
Experienced mostly the best learning process, indeed many newcomers losses their money after investing in this market.
There are many factors, but the main thing is the lack of information about the business that they are entering.
but along the way, after many struggles, they will learn and, after that, they enjoy the good benefits of investing
using bitcoin or any alts that they used as a token of their investment.
Most of the people who are new in this platform make some common mistakes which can lead to big losses. For example, many people invest a large number of amount once in the hope of making more profit without realizing it. There are so many rumors on going around the world. Here newbies are Victims of fraud.
Newbies, mostly the victims, in any trading business expect that whales are present. Without any knowledge of their existence, you are gambling with your money, make sure to know how to handle this kind of investors, know how to work well with any possible manipulation that's mostly present in the market.
It's very hard to learn more about cryptocurrency i lost many times by not listening to my coach knows as my master who refer me into this awesome opportunity, so i do some researches on my own online to know more of it and by now i think am not an amateur anymore but it's interesting when you gain or loss because it's shows you more knowledge.
.Everyone who is an expert will go through the early stages of becoming newbies, the first time I got to know crypto I was often stuck with scam ICO projects, now even though it's been more than 5 years I understand better and can determine which crypto is worth buying or choosing a legit ICO, mistakes is not the end of our journey, and never be afraid to be wrong.
I've found a lot of people do understand volatility factor if Bitcoin, they just happen to cave in and panic cell when things aren't going well. You can put in whatever you want into bitcoin and within the next 10 years you will see returns. That isn't to say there won't be massive crashes from now until that point, with new investors jumping ship.
I would agree on the post but I don't think pump and dump schemes produced by whales solely affect the newbies, it affects everyone who invested in bitcoin in my opinion. FUD however, would always originate from the people who barely know what bitcoin is so I think these two come hand-in-hand. (e.g. newbie loses a lot of money because of a dump, gets upset about it, spreads FUD amongst the public therefore dumping the price even more). This has been the case for the most part of cryptocurrency's history. Now the first two reasons can be absolved by learning how cryptocurrencies work and their ins and outs. the only seemingly uncontrollable factor that could affect a newbie's loss in crypto is the latter part.
I would like to add something to this list also. One of the other reasons why newbies lose too much money is that they are becoming really greedy. They want to buy Bitcoin with nearly all of their money which is so wrong. Because as we all know, Bitcoin is a volatile cryptocurrency. You shouldn't trust it fully with all your money. We don't know when it will go down sharply or go to the moon. Maybe it will go down to a very low level and it will stay there for even one year. In this period, it will affect you deeply as you already invested nearly all your money into Bitcoin.
And some people among these newbies are panic sellers. They don't know how to manage their investments affectively. When the price goes down quickly, they panic and want to sell a serious amount of their coins immediately. But they don't know that it will harm them in the long run as the price will recover after some time.
This is so true, unless you really don't have a choice, you shouldn't put all your eggs in one basket as this rids you of all possible backup plans that you could possibly take in case your first option fails. Most newbies go balls-deep in one coin and complain that they lost a lot when the coin dumps. This became so common that the meme phrase "buy high sell low" had become a staple joke between investors when advising new comers because most of the time, this is what they would do at the sight of a bearish market. And some people among these newbies are panic sellers. They don't know how to manage their investments affectively. When the price goes down quickly, they panic and want to sell a serious amount of their coins immediately. But they don't know that it will harm them in the long run as the price will recover after some time.
this is very unfortunate with what happened to beginners so they have to lose bitcoin, maybe they are more likely to believe in people who say they can multiply bitcoin or increase the amount of bitcoin price at a price that is so high that they easily believe it, maybe this factor can cause them to lose bitcoin
Investing without learning, stupid thing to do. They just think of earning and double or triple their money, they don't think the high volatility rate of Bitcoin. Patience is the Key.
Most of the people who are new in this platform make some common mistakes which can lead to big losses. For example, many people invest a large number of amount once in the hope of making more profit without realizing it. There are so many rumors on going around the world. Here newbies are Victims of fraud.
I would like to add something to this list also. One of the other reasons why newbies lose too much money is that they are becoming really greedy. They want to buy Bitcoin with nearly all of their money which is so wrong. Because as we all know, Bitcoin is a volatile cryptocurrency. You shouldn't trust it fully with all your money. We don't know when it will go down sharply or go to the moon. Maybe it will go down to a very low level and it will stay there for even one year. In this period, it will affect you deeply as you already invested nearly all your money into Bitcoin.
And some people among these newbies are panic sellers. They don't know how to manage their investments affectively. When the price goes down quickly, they panic and want to sell a serious amount of their coins immediately. But they don't know that it will harm them in the long run as the price will recover after some time.
And some people among these newbies are panic sellers. They don't know how to manage their investments affectively. When the price goes down quickly, they panic and want to sell a serious amount of their coins immediately. But they don't know that it will harm them in the long run as the price will recover after some time.
When novices just start to buy btc and the first decline occurs, novices generally panic because they do not understand the mechanism and trends of Bitcoin. They are likely to buy btc only after they have heard of btc, so they do not have much confidence in btc, and it is normal for a sell-off to occur. When novices earn their first wealth, they will often sell bitcoins out of excitement and enjoy the fun, so novices are not very familiar with it and will not hold bitcoins for a long time!
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.
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