Topic: Reasons for newbies loss in bitcoin - page 8. (Read 3616 times)
Because all they have in mind is how to earn money without knowing the market and process, according to points no. 1 and 2. Panic selling and buying trends at the wrong time is a mistake that must be avoided, time gives us the knowledge how to get rich ?,, is to do the right thing at the right time. emotion is everything to take profit without loss
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.
my friend that new in this world, try to invest in bitcoin when the price low, (before the last 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.
Reasons for newbies loss in bitcoin:-
The first I can say that the newbies influenced by others who can earn profits or multiply bitcoins in large amount to make higher price and newbies think that's easy to earn profits and influenced by these people's and they also start investing or buying without taking full knowledge to anyone's about bitcoin and learn more about bitcoin like what is bitcoin how bitcoin works and many more. Other reasons is their plans in a greedy way ,they don't have patience ,they took decisions in a hurry and in panic they sold their coins , lack of knowledge I am not saying all newbies are do the same but most of the newbies loss in bitcoin.
I just recommend them to all newbies that firstly you learn more about bitcoin,if any doubts any problems ask experienced person and last but not the least before doing anything like investing,buying take a knowledge learn more about bitcoin what you are going to doing,make plans, don't be panic and start with a small amount. 🙏
The first I can say that the newbies influenced by others who can earn profits or multiply bitcoins in large amount to make higher price and newbies think that's easy to earn profits and influenced by these people's and they also start investing or buying without taking full knowledge to anyone's about bitcoin and learn more about bitcoin like what is bitcoin how bitcoin works and many more. Other reasons is their plans in a greedy way ,they don't have patience ,they took decisions in a hurry and in panic they sold their coins , lack of knowledge I am not saying all newbies are do the same but most of the newbies loss in bitcoin.
I just recommend them to all newbies that firstly you learn more about bitcoin,if any doubts any problems ask experienced person and last but not the least before doing anything like investing,buying take a knowledge learn more about bitcoin what you are going to doing,make plans, don't be panic and start with a small amount. 🙏
One of the main reasons why newcomers are facing Bitcoin losses is the excessive greed of newcomers and lack of confidence in the Bitcoin market. If they invest in market analysisDo not face losses.
They think bitcoin is a get rich quick scheme. They lack that quality patience. The newbies cannot manage their greed. They always panic and sell off their token at loss . They also neglect the need of doing their own research before investing in a particular token.
1) People think Bitcoin as tool to become rich overnight
Yes, this is the only reason we often hear from beginners who have to lose some assets from their portfolio, because they are very greedy, even when entering the market they do not care about the current price movement at all, thus making them willing to buy at the top price and in the end they sell when the price is on a decline, because they panic and don't want to hold on for long.
Most beginners have the psychology of getting rich overnight, thinking that the currency circle has high returns, but at the same time the risk is proportional to the return. When they are unfamiliar and unable to adapt to the market proficiently, they still become very confident, and they don't even understand some words and trends. Indeed, I have really met such friends. He didn't understand what I was talking about when we communicated. I think such investors are very irresponsible and treat themselves. Irresponsible, failure is justified and destined.
Everyone grows up slowly from a novice, and everyone has a say. After experiencing it in person, the impression will be more profound, and only by facing it in person will you accumulate experience.At the beginning, I didn’t understand the market trend, and entered the field that I was not familiar with and could not grasp.Whether you can persist and get the benefits you want depends on how much everyone is willing to pay for it.
When entering the market early newcomers have much less knowledge about the market can't understand the difference between currencies greed for more profit is affected and badly affected loses everything. There are many markets available and you've got to form your choice consciously you want to know the market and also know your preferences business market news helps you to know the market then make the proper decision. Market volatility when the worth fluctuates you get more chances to form a profit.
Most of them don't know the market and just rely on feeling, they hear they can get big profits by buying bitcoin and they try it, it turns out the market goes down and makes them panic so they sell at a loss.
a step or a way that we have to learn,, with patience the worst thing will not happen a small example of losing an opportunity if the price starts to rise and at that time we have released all assets until they run out..
and that's my main key so that mistakes don't happen again.
and that's my main key so that mistakes don't happen again.
New to bitcoin will certainly obtain a sense of easiness because they think bitcoin is quick rich program but the truth it's a opposite. With the volatility we are dealing with, it's a first problem we are having with and to newbies they panic so fast and end up selling losing in the end. We all experienced all of it and the best teacher will be always from the bad experiences in crypto, it will teach us to be strong and not to panic whatever happens to the price or FUD and remains a diamond hands.
it is very unfortunate what experienced by beginners when they lost bitcoin maybe this is very concerning with what experienced by beginners which makes us sad why they easily believe in things like that, for example, someone can double bitcoin or they are able to buy at a high price. high so that they easily believe in it, maybe this is just what beginners should watch out for so that they don't lose their bitcoins in the future
Currently there are too many scams, some are real, namely by making scam projects, and I have been hit by scam projects several times, I don't think there is a guarantee that newbies or masters can be free from scams, as long as there are projects and exchanges there is a chance to become a scam is very open.
I particularly agree with the first reason OP highlighted. One of the reasons, in fact it is the major reason why newbies lose money with bitcoin is because they have wrong perception of bitcoin. They believe bitcoin is a tool to getting rich quickly. Many even presume they can do it overnight.
This is why they use big leverage in trading simply because they believe they can make so much by doing that but they only blow their account by doing that.
Bitcoin isn't a get-rich-quick scheme. It takes patience and continuous learning to make money with bitcoin.
This is why they use big leverage in trading simply because they believe they can make so much by doing that but they only blow their account by doing that.
Bitcoin isn't a get-rich-quick scheme. It takes patience and continuous learning to make money with bitcoin.
One of the main reasons why newcomers are facing Bitcoin losses is the excessive greed of newcomers and lack of confidence in the Bitcoin market. If they invest in market analysisDo not face losses.
I believe that first of all it is a lack of education. Everyone thinks that bitcoin is easy money, buy it and get rich right away. But we all know that there is no such thing as easy money. And bitcoin does not grow at such a rate as we would like it sometimes. And when it grows at the right speed - we don't have time to buy or sell. I do not even know what to advise in this case for beginners. Perhaps just to entrust their assets in experienced hands.I would recommend to read about what "Pump" and "Dump" are here and how experienced traders earn on them.
it is very unfortunate what experienced by beginners when they lost bitcoin maybe this is very concerning with what experienced by beginners which makes us sad why they easily believe in things like that, for example, someone can double bitcoin or they are able to buy at a high price. high so that they easily believe in it, maybe this is just what beginners should watch out for so that they don't lose their bitcoins in the future
Newbies are loss their money cause they are not aware about their privacy. Many times they can't store their private keys properly and they don't understand its importance. Many times they unknowingly reveal their personal secrets which leads to scams.
Another reason is that after they get greedy, they get lured offers and get involved in scam projects. But as the wisdom grows, they learn to distinguish scams and gradually learn how to protect their privacy online.
I think The psychological panic is the biggest threat along with the lack of understanding and trust that makes it easy for many newcomers to receive bitter fruits and losses. Some have misinterpreted the market to make easy and quick money realized - Rekt for them.
fomo, indeed this is the most often fatal mistake for newbies. Moreover, many news portals broadcast the increase in bitcoin many times, so they join without any preparation, in the hope that they will soon get a lot of increase as well. some are lucky, and some are not. turned out to buy at the peak, and then the price continued to fall. even though it was their own fault, but many later said btc was a scam and bubble.knowledge is the basic thing to have in order to survive and make a profit here. if not having much luck then we should at least have a lot of knowledge.
it is very unfortunate what experienced by beginners when they lost bitcoin maybe this is very concerning with what experienced by beginners which makes us sad why they easily believe in things like that, for example, someone can double bitcoin or they are able to buy at a high price. high so that they easily believe in it, maybe this is just what beginners should watch out for so that they don't lose their bitcoins in the future
Newbies do mostly think off about making quick bucks or easy money or making themselves rich overnight and this is why on the time that they do faced up the reality thenthis is the time they would really get frustrated and some do really turned their backs and some do really love to learn more about crypto and which turns out to be a supporter
or enthusiast and this is where the community becomes even more bigger.Losses are inevitable because market is unpredictable but if you do know on how to play with the
market or simply able to ride with the waves then you would really be finding this place to be a good one.
I think The psychological panic is the biggest threat along with the lack of understanding and trust that makes it easy for many newcomers to receive bitter fruits and losses. Some have misinterpreted the market to make easy and quick money realized - Rekt for them.
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