Topic: Reasons for newbies loss in bitcoin - page 7. (Read 3540 times)
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.
One of the main reasons newcomers face losses in bitcoin is the wrong tools and platforms which they are choosing when considering investing in bitcoin or buying it for the long term. For example, there are many platforms that allow you to invest in bitcoin without giving you control over private keys. It is a common occurrence, and many newbies don't understand the risks and dangerous consequences of such methods of cryptocurrency holding. If a platform is dishonest, of which there is a lot, all bought bitcoins are gone for good, and there is no chance to figure out whether or not they ever even had bitcoins for selling. Likewise, if a platform is relatively honest, the risk remains. The honest platform could still be hacked, which usually results in the loss of all of your savings, or they can introduce new restrictive measures such as KYC, AML, etc. If you happen to live in a "blacklisted" country, you have no chance to pass KYC procedures, so you will lose access to your funds forever.
Lets face it that most of the people lured into bitcoin are speculative in nature . When they see the $ sign they immediately jump into bandwagon without having to understand the nook and cranny of it cycle and economics. Just like the economy of bear and bull market has presented to a new and upcoming investors, they are pretty much eager to dive into. Better rad an have a better grasp on how the cycle of bitcoin evolves.
maybe we really love what experienced by beginners so they lost so many bitcoins, for that we should not easily believe anyone who says they can multiply bitcoins even though this is something that is so impossible, especially considering there is no interference from third parties in bitcoin to process a price or regarding the multiplication of bitcoin itself, maybe this is something we should be aware of so that we don't lose bitcoin in the future
if its sounds impossible why should one believe it ? you can multiply your own bitcoins but entrusting it to someone else is risky as it can lead to scamming .this is one of the case why newbies lost their btc because they didnt know that they can invest in their own but to invest on our own we must also chose the right wallet , a wallet where own our keys .
Some effective criteria should follow by newcomers and beginniners.
Shouldn't have over greed
Should control emotional at the trading
Investment plan should clear and should have deep knowledge about project and market.
Don't loss patients
Shouldn't have over greed
Should control emotional at the trading
Investment plan should clear and should have deep knowledge about project and market.
Don't loss patients
That's typical for the newbies. Been there done that and I think that learning from that experience will make them better if they will take care of their assets and still has the desire to continue.
It is very important to learn how to work with your own funds yourself, and not seek help from someone else. If a person listens to someone's advice, then he misses the opportunity to learn and gain experience from his transactions, he will not be able to conclude what was done wrong. It also greatly increases the risks of getting caught by scammers, which often leads newbies to a loss of funds. It's early to sell, this is one of the most common mistakes, a person sees a slight fall and in a panic hurries to sell his coins, but if he carefully read the forum and used the experience of people who is on the forum many years, he would know that perhaps one of the best strategies for today is hold.
You just don't cross to anyone that you want to ask help for but you really don't know the background of that person. There's nothing wrong to seek help if you really don't know what you do.
the reason beginners lose bitcoin is, in my personal opinion the reason is simple, most likely they are mentally not ready to face any pressure that comes, when there are negative posts about bitcoin, and bitcoin prices start to fall, they immediately panic, they immediately sell their bitcoins, and they will definitely suffer losses..
What you say is true, most newbies have a weak mentality and do not have sufficient knowledge about Bitcoin. So they will panic if the market
suddenly turns bad and can't control their emotions. In the end, newbies will immediately sell their Bitcoins when the market falls, because they are
afraid of losing all their capital. That's what makes newbies experience a lot of losses when investing in Bitcoin, therefore my advice for newbies
to learn all things about Bitcoin first, in order to know how Bitcoin works. So don't invest in something we don't know about.
Without further knowledge within the field that they've invested, emotion will conquer them mentally.
but because of experienced if these newcomers learned out from this hard mistakes change will lead them to survive and succeed.
Most people who believes that there are always good open opportunities will continue to chase one for them.
They will not allow this failure to stop them, else they will use it as inspiration to continue chasing their success.
for new beginners they need patience so as not to be careless most of them are too quick to draw conclusions when the coin price drops meaning they panic sell they usually regret after selling their coin because if they don't release their coin they will make a profit.
the emphasis may be other than this is to try to do your own research and don't focus too much on other people like influencers and billionaires.following people like this is indeed allowed but you also have to at least have research and a lot of information in finding out so that you don't make wrong decisions.
because many people are wrong in placement is when in this phase they follow what the influencers and billionaires say but they don't know the right position to start and end.
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.
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.
Simple they have no idea about trading , they think it's going up they invest they don't learn and remember the best way to earn first you have to learn a lot , they jumped into the running train and they lost . 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.
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.
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.
In my opinion, the most important reason that harms newcomers is the first reason you mentioned.
It is true that there are severe pumps and dumps in this market that can make people rich, but sometimes the growth of a currency based on technical and fundamental analysis requires more time, which many newcomers are unaware of.
It is true that there are severe pumps and dumps in this market that can make people rich, but sometimes the growth of a currency based on technical and fundamental analysis requires more time, which many newcomers are unaware of.
the reason beginners lose bitcoin is, in my personal opinion the reason is simple, most likely they are mentally not ready to face any pressure that comes, when there are negative posts about bitcoin, and bitcoin prices start to fall, they immediately panic, they immediately sell their bitcoins, and they will definitely suffer losses..
What you say is true, most newbies have a weak mentality and do not have sufficient knowledge about Bitcoin. So they will panic if the market
suddenly turns bad and can't control their emotions. In the end, newbies will immediately sell their Bitcoins when the market falls, because they are
afraid of losing all their capital. That's what makes newbies experience a lot of losses when investing in Bitcoin, therefore my advice for newbies
to learn all things about Bitcoin first, in order to know how Bitcoin works. So don't invest in something we don't know about.
Bitcoin is the introducer of all other cryptos. When a newbie enter into crypto world, they think Bitcoin is the main source to become rich in short time. So they invest in Bitcoin without have any knowledge about trading time. So as they invest in wrong time, they lose money instead in Bitcoin. Moreover, they are less patient then others and try through some scam platform also where they have to deposit Bitcoin for earn and loses the Bitcoin
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 $30k so if you underestimate it you will be in loss in future.
3) Whales manipulation and FUD
This is most common technique to create dump like situations in market to gain huge profits from this situation and accumulate more bitcoins at cheap prices.They spend rumours and create FUD in the market to which most of the newbies will get panic and start selling off and exactly same thing happens and the only ones who suffer loss out of this will be panic sellers.
WE ALL NEED TO TAKE INTO CONSIDERATION ALL THE FACTORS BEFORE INVESTING INTO BITCOIN AND HAVE PATIENCE FOR SOME TIME MOST IMPORTANTLY IN THESE DIPS SO THAT IT GET SOME REATAIL SUPPORT.
Yeah agreed. Some newbies wanted to get rich quickly by buying bitcoin overnight. Not knowing the volatility within market and the marketcap. These newbies like me before saw some videos in youtube which get us thinking that BTC could hit 100K$ which could give us wealth. By wrecklessly investing in its ATH, we lose BTC and tagging it as scams. However, reading here in the forum makes me knowledgeable in crypto space which is priceless. 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.
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.
That's typical for the newbies. Been there done that and I think that learning from that experience will make them better if they will take care of their assets and still has the desire to continue.
It is very important to learn how to work with your own funds yourself, and not seek help from someone else. If a person listens to someone's advice, then he misses the opportunity to learn and gain experience from his transactions, he will not be able to conclude what was done wrong. It also greatly increases the risks of getting caught by scammers, which often leads newbies to a loss of funds. It's early to sell, this is one of the most common mistakes, a person sees a slight fall and in a panic hurries to sell his coins, but if he carefully read the forum and used the experience of people who is on the forum many years, he would know that perhaps one of the best strategies for today is hold.
for new beginners they need patience so as not to be careless most of them are too quick to draw conclusions when the coin price drops meaning they panic sell they usually regret after selling their coin because if they don't release their coin they will make a profit.
A beginner is required to understand first how to best use bitcoin, especially against trading that is not easy to do. Most beginners will always feel panicked when the price goes down, especially the movement of bitcoin is very volatile, of course controlling emotions is the main thing to be able to control well what the next step should be for a beginner.
my friend that new in this world, try to invest in bitcoin when the price low, (before the last highest).
It cannot be determined by them because they're new and every single price action of bitcoin can be said and speculated as its lowest and highest.but, he never have patience and just sell when the price drop just a little. he lost some, and regret after know that the price is grow. view month ago, he join on some telegram group for crypto, and loss money again because of scam.
That's typical for the newbies. Been there done that and I think that learning from that experience will make them better if they will take care of their assets and still has the desire to continue. number 1 most obvious reason. beginners only think short term if they can get what they want fast. and they are willing to dive into bitcoin with their kitchen money with no experience. In addition, the market hype push makes them more passionate and uncontrollable. this is what causes newbie to easily lose in bitcoin
lack of knowledge is the cause of all that, it is very true as you said people should study it first before doing anything to reduce risk, and also many beginners with greed want to make a lot of money in a short time to cause many mistakes to cause loss. 
The main reason is they have not enough knowledge about Bitcoin and crypto market. They are not aware of Crypto currencies price falling. Most of them are being greedy and want to make profit. For this reason they buy token when the market is high and they hold Bitcoin when they need to sell them. I think this problem should be solved if the new Cummins gather knowledge and then start investing on Bitcoin.
number 1 most obvious reason. beginners only think short term if they can get what they want fast. and they are willing to dive into bitcoin with their kitchen money with no experience. In addition, the market hype push makes them more passionate and uncontrollable. this is what causes newbie to easily lose in bitcoin
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