everybody tell newbies the same stuffs but people still making mistakes.its hard to understand.if you are into trade, you should know those pump groups are the first danger to stay away.
A big mistake to trust every pump group, though i have to admit that mistakes like this are normal with the newbies and we can’t help but to keep on learning. Stupid things about trading is not to learn from your mistakes, people will always become greedy so try to have patience and don’t look for an easy trade and make huge profit. 
Topic: Stupid Bitcoin Traders - page 2. (Read 972 times)
You know what gets my gears grinding... My bubble to pop... My cheeks to tighten?
People who don't understand trading Bitcoin and are literally stupid about investing.
Here goes...
My brother-in-law is one of these idiota's - Let me explain.
I was all about telling him to buy into some BTCBTC when it was sub $300 back like 3 years ago. Just buy 1 or 2 I said - Whats $500?
He said NO, NO, NO - Not for me. So I left him alone about it.
Then come last year - When Bitcoin hit $15k - Guess what? He Buys In! *at the time I did a quick facepalm* Seriously buys in after it pumps some 50x...
Anyways - Long story short - He lost like $5k after the collapse and he sold.
Now a couple months back, I was suggesting that $3.5k bitcoin might be a good time to get in again and redeem his loses... Figuring it's like 1/4th the price he originally bought at.
And he says... "NO, NO, NO. Not for me - I learned my lesson"
No Dumb-Ass... You didn't learn shit!
Why is it - that people are so ready to buy AFTER it pumps 50X - And then cry or call BTC a scam after they lost their ass?
But won't touch BTC once it stabilizes after a collapse?
Please Share you Stupid Bitcoin Trader Stories if you have em
Stupid thing was when I was spending bitcoins like nothinf when price was playing between 1000-3000 usd but don't blame myself much because at that moment people 1000$ surpass was a done impossible thing and had no hope of further rise.People who don't understand trading Bitcoin and are literally stupid about investing.
Here goes...
My brother-in-law is one of these idiota's - Let me explain.
I was all about telling him to buy into some BTCBTC when it was sub $300 back like 3 years ago. Just buy 1 or 2 I said - Whats $500?
He said NO, NO, NO - Not for me. So I left him alone about it.
Then come last year - When Bitcoin hit $15k - Guess what? He Buys In! *at the time I did a quick facepalm* Seriously buys in after it pumps some 50x...
Anyways - Long story short - He lost like $5k after the collapse and he sold.
Now a couple months back, I was suggesting that $3.5k bitcoin might be a good time to get in again and redeem his loses... Figuring it's like 1/4th the price he originally bought at.
And he says... "NO, NO, NO. Not for me - I learned my lesson"
No Dumb-Ass... You didn't learn shit!
Why is it - that people are so ready to buy AFTER it pumps 50X - And then cry or call BTC a scam after they lost their ass?
But won't touch BTC once it stabilizes after a collapse?
Please Share you Stupid Bitcoin Trader Stories if you have em
Btw in your story, problem is truth and people in bitcoin act that way. They don't trust you when price is low but when they see price rises and rises for a long period, then they are becoming confident and invest but in reality they are choosing the worst time and lose money + lose confidence to risk in future.
It's simply because those kinds of traders and investors like your brother in law isn't well informed about the real flow of the market and the role of blockchain technology. I have doubted about bitcoin years ago and honestly, I have also thought of it as a scam and that is because I was clueless about it.
If people would know how to apply the basic strategy which is to biy low and to sell high, they would surely gain a good profit as they deal with the market.
If people would know how to apply the basic strategy which is to biy low and to sell high, they would surely gain a good profit as they deal with the market.
Many people buying into hype instead of investing into the real things. Like the in-law brother of op, many of such people did not know how bitcoin has been trading and it market behavior. I seriously believe that many people here that claim to have investing into bitcoin has not put a cent into it and we do know the really investors and those that has been following cryptocurrencies market conditions. If you really want to join the really investors then you will need to study the historical data of bitcoin and its market behavior in the past and not investing because bitcoin is at the overbought area or avoid trade because you have lose in the past.
i never recommend anyone to invest, everyone must take their own risks and invest in what they believe can be profitable, think of those who invested (perhaps badly advised) when bitcoin was worth $ 22k...
No Dumb-Ass... You didn't learn shit!
Why is it - that people are so ready to buy AFTER it pumps 50X - And then cry or call BTC a scam after they lost their ass?
But won't touch BTC once it stabilizes after a collapse?
Please Share you Stupid Bitcoin Trader Stories if you have em
IT IS HUMAN NATURE TO BE A SHEEP AND FOLLOW THE HERD.
Have you ever wonder why ponzi schemes are 85% profitable (for the founders anyway). It is because increasing value regardless of how it does always attract the greed of many people. We naturally just want to join in the crazy profits.
So what happens next when almost everybody already bought in? The damm thing collapses! It's because you have no one else to sell to. The panic selling ensues afterwards.
everybody tell newbies the same stuffs but people still making mistakes.its hard to understand.if you are into trade, you should know those pump groups are the first danger to stay away.
Many people still stupid become bitcoin trader because always hear about how other recommendation for buying or selling their asset, by the way its not good become profitable trader of bitcoin.
Not only your relative was in such a situation. Many after the explosive growth of Bitcoin began to buy it.And there are a lot of illiterate traders in General.In any case, if we talk about bitcoin, now is the right time to buy it.There are all signs that it will cost more.Alas, not everyone knows how to trade wisely.A paid channel with signals helps me a lot. Almost always, these signals help me to buy and sell in time.
The hardest part is not selling when the sky is falling and you've lost 80%+ scared that you will lose everything. The second hardest is to not sell when market recovers and you made only a small gain. The third hardest is DO sell when it's up 10x but you are day dreaming about lambo and retirement
I never sell. I just keep buying. Then I go to bed and sleep. And wake up and buy more.
The hardest part is not selling when the sky is falling and you've lost 80%+ scared that you will lose everything. The second hardest is to not sell when market recovers and you made only a small gain. The third hardest is DO sell when it's up 10x but you are day dreaming about lambo and retirement
I have of course no such stories, but it was interesting to read yours. Unfortunately, people do not want to learn something, they want to get money immediately. But it doesn't. I think that you should not advise investing in crypto to people who do not ask for it.
Not everyone learns from the previous experience. Your brother may want to prove his right about what he speculate than you being right. Of curse there is the truth about his losing money instead of gaining. Its now going to be one big FACT to him. You on the other hand are just about too prove that its the right time to buy BTC. If BTC price goes up, he will soon expect price to take a nose dive.
You cant become a succesful trader if you dont learn anything from you past mistakes . what can happen to you is that you will be repeating the same mistakes again and again . better if you will just quit trading than to keep on loosing . maybe trading is not for you but its okay dont force yourself as there are still alot of profitable activities out there that you can do and they are more easier and more safer than trading
Not everyone learns from the previous experience. Your brother may want to prove his right about what he speculate than you being right. Of curse there is the truth about his losing money instead of gaining. Its now going to be one big FACT to him. You on the other hand are just about too prove that its the right time to buy BTC. If BTC price goes up, he will soon expect price to take a nose dive.
In my case I have been quite successful with bitcoin trading, because I started to accumulate when the price was around $450 a few years ago, and I was fortunate to sell a good portion of my holdings over $15,000. However, my worst decisions were made in the ether market, because I accumulated a good amount when its price was at $4.50, and I sold it at $7 because I thought that a 50% profit was very good for me. 
Well they say experience is the best teacher,
This sentence has a profound meaning as if to say that in carrying out this life it takes provision in the form of experience so that we can live well. Thus, past mistakes that have been made willnot repeat for the second time. That experience's very valuable, you shouldn't waste the opportunity to know more deeply about the valuable information that you get at that time.
I have a friend who was all hyped in late 2017. He wanted to trade, invest big, research new crypto, use trading bots etc. basically everything he could possibly do (of course, he had no experience in any of this). Then we talked a few months ago when I mentioned crypto he really got triggered. "Don't even mention any of this to me!" he said. I was really surprised by his reaction. I didn't want to dig deeper so I just asked him "So you will never ever get involved in it again?" And I will remind him of this question in the bull market when he will probably be all hyped again. 
And about not giving advice to friends/relatives I only partly agree. You shouldn't say "Buy Bitcoin it will moon!" But talking about it in terms of technology is good and necessary so people can start trusting it. But of course, most of the people aren't interested in this.
And about not giving advice to friends/relatives I only partly agree. You shouldn't say "Buy Bitcoin it will moon!" But talking about it in terms of technology is good and necessary so people can start trusting it. But of course, most of the people aren't interested in this.
I barely new bitcoin until 2016 when clixsense introduce bitcoin as one of the payment options for crowdworker via some of the virtual card called tango card. For me I never think of investing then because i merely see it as payment options such as others like paypal, perfect money. etc. I have seen and heard how many people make a lot of money during the rise in 2017. For some that invested lately they also run a lost. Investing is crypto is very risky and that is the reason why many people are always afraid to invest.
Well they say experience is the best teacher, now that he has experience it first hand he has learned his lesson on how to deal with this space, but unfortunately, most people who lost money during btc ATH just stay away from the market, they don't want to have anything to do with btc, they fail to understand that they still have the opportunity to recover some of their loss especially now.
I often contact people who don't know BITCOIN to buy, but from all the people I invite all don't understand (what is bitcoin) so I have to explain from the beginning how the development of bitcoin is, but it's not a problem for me to keep saying that bitcoin is an investment ahead, when I am old
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