1) Choosing wrong exchanges to begin with - Most of the beginners not sure about where to trade so they used google and end up got scam,google itself showing lot of fake exchanges when we search for best crypto exchanges so better take suggestion from someone they might know who is related to cryptos with help them a lot.
2) Buying coin and keep them on the exchange itself - every centralized exchange is in the risk of getting hacked.
3) Getting attracted by fake trading volumes on exchanges.
Topic: What are the general issues/problems do traders or investors usually face during - page 6. (Read 1015 times)
January 01, 2020, 10:10:47 PM
January 01, 2020, 10:05:39 PM
Most common would be Security, Scams and such. If you believe in yourself as a trader and has had the basics down since the beginning, you're basically left with the other problems out of you. Samples are when Exchanges have data leaks, you have no control over that, and can't really do anything about it. There are also issues such as believing in FUD or FOMO, which are fearful things tbh, since you never really know what would happen since it hasn't happened yet. Though these issues can be solved with a bit of DYOR and analysis though, which pretty much makes up the entire trader life one has.
there are many problems faced by traders, investment certainly can not be separated from the risks, every trader has a different problem, for example the absence of a complete indicator, the presence of fake volume, and many other problems, but the most common problem is risk management, mental psychology too scared or too greedy.
The former problems are honestly solvable with DYOR, but the latter with regards to the self problems as a trader requires experience and time. Which a lot of beginner traders don't have, so they just fail to successfully do an entry to the market. January 01, 2020, 09:26:29 PM
Before those problems, the issue that traders have to first understand would be they themselves. Understanding that investment is money lost already, investment is not for the greedy, stuff like that. Third party reasons like Hacking and Scamming can be resolved with third party means so It's pretty easy to understand how they occur and how they would be fixed. Other than psychological problems like greed, there's also the issue of not being able to DYOR. They see trading as putting in money and earning money, when there's a lot more issues and complications involved, especially since we are looking for the best possible way to earn profit.
Well, the digital market is fairly new, so High Risk is fairly understandable, but with High Risks comes with High rewards right? So it's just based on whether your willing to take the risk or not.
Well, the digital market is fairly new, so High Risk is fairly understandable, but with High Risks comes with High rewards right? So it's just based on whether your willing to take the risk or not.
January 01, 2020, 05:32:41 PM
there are many problems faced by traders, investment certainly can not be separated from the risks, every trader has a different problem, for example the absence of a complete indicator, the presence of fake volume, and many other problems, but the most common problem is risk management, mental psychology too scared or too greedy.
January 01, 2020, 05:31:29 PM
What are the challenges, regular issues or problems for the traders or investors during investing? Security, High Risk, Scammers, Hackers etc. can be the problems. What do you think?
You already mentioned those general issues, now up to traders and investors how to deal with it.
Security
-If people are hodling funds, basically and obviously, stored and keep it on a wallet on your "OWN". Security now lies within your hands. Do research if people are not that familiar with security recommendations.
-If people are trading, a good and common practice is to just deal in a reputable exchange. Not an assurance that our funds will be safe there but at least we are minimizing the risks of being sh*t by other exchange.
Scammers and Hackers
-they are always there and already a part of the system. Instead of hoping that someday they will be gone, as it was impossible, learn to avoid them. Learn to be vigilant as always in the world of crypto or basically, every time you lurk at the world wide web.
Volatility
-play with it
The bottom line, once we put money on something, managed it properly and seriously along the way.
Trading, investing or having savings is not a joke. Always put a serious approach on this.
January 01, 2020, 05:14:06 PM
A new year and new hope of adopting blockchain and cryptos around the world. Millions of traders or investors are on this Digital Asset Market already.
A good number of people are coming on this market everyday. What are the challenges, regular issues or problems for the traders or investors during investing? Security, High Risk, Scammers, Hackers etc. can be the problems. What do you think?
General and regular problem is a lack of profit or nonexistence of it and huge boost in loses. During investing you mean bitcoin yeah? And in bitcoin at the moment I would call investor to those people who create bitcoin related business like bitpay, bitfury and similar ones, I wouldn't call an investor to a person who just bought 0.001 bitcoin or collected that via faucet. Bitcoin and cryptocurrencies carry high risk if you mean holding or on another hand - hodling. But high risk = high reward/loss.A good number of people are coming on this market everyday. What are the challenges, regular issues or problems for the traders or investors during investing? Security, High Risk, Scammers, Hackers etc. can be the problems. What do you think?
Problem for traders is that they can't safely store their bitcoin on exchanges, at first: 1. not your wallet - not your bitcoins and 2. exchanges are hacked pretty often.
January 01, 2020, 04:28:08 PM
Scams are surprisingly a huge problem for a lot of people new to cryptocurrency in general, not just with traders or investors. Most people don't seem to think enough about where their money's going or notice common red flags that signal something's a scam in crypto, but to be fair most people on these forums have been using or interacting with cryptocurrencies in one way or another for years. Scams have become more and more complex recently as well, which certainly doesn't help, but the most we can do around here is noting and discussing common scams and alerting new people about 'em.
January 01, 2020, 02:53:29 PM
First thing in mind on what you gonna face is "Volatility" itself.This crypto market isnt really that the same on what we saw on Forex/Stocks trading.
Hacking/Scams, FOMO/FUDS are only next in line.If your just new or recently jumped to this market then get yourself prepared in dealing with it.
Hacking/Scams, FOMO/FUDS are only next in line.If your just new or recently jumped to this market then get yourself prepared in dealing with it.
January 01, 2020, 02:35:16 PM
A new year and new hope of adopting blockchain and cryptos around the world. Millions of traders or investors are on this Digital Asset Market already.
A good number of people are coming on this market everyday. What are the challenges, regular issues or problems for the traders or investors during investing? Security, High Risk, Scammers, Hackers etc. can be the problems. What do you think?
A good number of people are coming on this market everyday. What are the challenges, regular issues or problems for the traders or investors during investing? Security, High Risk, Scammers, Hackers etc. can be the problems. What do you think?
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