why some are still loosing money in crypto

memed97

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Quote from: akirasendo17 on July 12, 2021, 08:38:16 PM

if you have been in 2017 you experience ups and downs of the market, lots of gains but lots of losses in some, but even though you have been through those times, still you haven't learn to correct those mistakes, I think there are lots of things that changes your view regarding the market and this are the following:

You follow a persons advice through his social account post example is Elon musk
You still believe that a certain coin will come back from the dead even though you already knew its a scam
you just follow your instinct and never make single research
emotions still control you to decided

mostly I see people who are successful in crypto have spent lots of time, before they reach where they are, yes there are things that are associated with luck but don't just depend on it.

I agree with you, it is very impossible for beginners to get rich in crypto, often we get beginners trading with high emotions and expectations so they make hasty decisions. which is actually very important for us to do research before investing in any of the coins, if a bad experience befalls us and is not used as a lesson to invest again then this will be unlucky for ourselves.

Momoamzad

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$CYBERCASH METAVERSE

People who want to to be millinior have to know about the crypto and should research more about it. Who have not take any lesson from his past its his badluck . Research a lot can make anyone profitable. Some peoplejust follow an influencer and invest as a result have to face huge loss. So before investment should research more and get influence less . Crypto is all about patience and research . All these prevent to get loss

raji1995naya

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Perhaps some of them have not been able to recognize and comprehend past mistakes, making it difficult for them not to repeat them; however, it should be remembered that the benchmark for the existence of losses is critical in preventing large risks that could take coins just like that, causing us to suffer a significant loss. As a result, those who have fallen must rise again.

Alucard1

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Quote from: cabron on July 12, 2021, 11:31:58 PM

Because there are investors who believe the word HODL when infact selling at ATH is the right thing to do and I'm not just saying this for altcoin investors. Bitcoin investors should also be doing it before the correction come.

Unfortunate to see that even I myself have not learned in the past. We ought to be a trader at the same time and nit just an investor that HODLs.

The thing here is that who knows if this is already the ATH, no one knows about that of course that is why there are still so many who lose money in crypto world as they are still looking for more, even though they are at gain, they want more which is not good for an investor, you should know how to be contented for the money that you have gained, x3-x5 is already enough gain.

Wahyuihib

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Artemis

Yes...because to be successful in trading we need a process and learn from what makes us lose. and not just following the current trend. learning about trading charts and always watching the market developments is what you need to do

zaim7413

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Quote from: plr on August 07, 2021, 05:09:21 AM

It's the rule of the thump, you need to spend time and do not make a short cut, do not follow the shills, set up guidelines to follow on what to look on a project, as a responsible investor you owed it to yourself to do the right thing and that is finding the right project to invest and warn others if you find a project is a scam project.

Personally, everyone has almost the same task if the background is the same, because everyone must always look for the right project before they decide to invest and must be ready to tell the truth if they find a trash project.

plr

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Quote from: akirasendo17 on July 12, 2021, 08:38:16 PM

mostly I see people who are successful in crypto have spent lots of time, before they reach where they are, yes there are things that are associated with luck but don't just depend on it.

It's the rule of the thump, you need to spend time and do not make a short cut, do not follow the shills, set up guidelines to follow on what to look on a project, as a responsible investor you owed it to yourself to do the right thing and that is finding the right project to invest and warn others if you find a project is a scam project.

tiang_tower

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Quote from: kaka manteng on August 03, 2021, 12:37:56 PM

Losses occurs in all investment although can be reduced if we build on other people's mistakes and do proper research before venturing into any coin. Nothing good comes so easy to gain mastery in crypto investment would possibly take a long time with consistency and dedication

Good things will always be there after completion of in-depth research and analysis on every thing, so in cryptocurrency all coins must be analyzed thoroughly and continuously, that's why everyone needs time on this before making a move to work.

CryptoLogo

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Quote from: Galley on August 02, 2021, 09:06:49 AM

People lose money because the same people, like them, find the money somewhere. Nothing comes from nothing. If it has disappeared somewhere, it means that it has arrived somewhere. This is the law of nature, and no one can cancel it.

What do you have in mind? Obviously, money is a limited resource, and if someone has less of it, then somewhere there will be more of it, they circulate in this way in the global financial market.
But the question is why people lose money even in those moments when they should not do so due to their experience and knowledge in a market so full of opportunities.

South Park

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Quote from: sunce33 on August 06, 2021, 05:47:37 PM

Why some are still loosing money in crypto

In my opinion because many token in lately is scam.Many new project give good idea,give fake information about project, and when finished go away.No payment for bounty worker, and no exchange tokens for buyers from ICO.I've seen a lot of them in few month ago, and I failed also and lost money.

Obviously scammers hold a great deal of the responsibility for people losing money in this market, however we need to ask ourselves why this happens? After all we know there are scammers everywhere not only in this market and yet we see a great deal of people falling victims of scams in this market, and I really think that what happens is that people have expectations that are completely out of place, they want to become rich in months or even weeks and while there are a few members in the forum that were able to achieve something like that this is not common at all.

Jawadu

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Quote from: akirasendo17 on July 12, 2021, 08:38:16 PM

You follow a persons advice through his social account post example is Elon musk
You still believe that a certain coin will come back from the dead even though you already knew its a scam
you just follow your instinct and never make single research
emotions still control you to decided

Well said and I agree with you. We should always do our own research away from the advice of another trader so that we can protect our money. Still, there are many people out there who do things easily like investing/trading any coin/token just because they saw one post on Twitter saying "This coin will pump huge" !!! Also, we have to be careful with the emotions as you said. If we cannot control our emotions, they will control us and we will continue to make bad decisions with our money when trading or investing.

Rikotin

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i think, maybe some of them have not been able to know and understand the mistakes that have been made in the past so it will be difficult for them not to repeat these mistakes, but it should be remembered that the benchmark for the existence of losses is very important to prevent big risks that could take coins just like that so that we experience a large enough loss. Therefore, those who have fallen must be able to examine what went wrong so that it does not happen again.

Arvin01

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This is because some novices who have just entered the cryptocurrency market are prone to lose part of their money because they do not understand the rules. They are prone to panic when the market drops and follow to sell their coins.
When they sell coins and the price rises, they will lose control of their emotions and invest with emotions.
Therefore, we must always keep our heads clear and not invest blindly.
Be responsible for your own money.

livingfree

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Quote from: albon on August 07, 2021, 07:41:24 AM

Quote from: livingfree on August 07, 2021, 06:58:00 AM

Quote from: plr on August 07, 2021, 05:09:21 AM

It's the rule of the thump, you need to spend time and do not make a short cut, do not follow the shills, set up guidelines to follow on what to look on a project, as a responsible investor you owed it to yourself to do the right thing and that is finding the right project to invest and warn others if you find a project is a scam project.

Yeah, too many shills with those projects that we're unaware of.

If somebody follows them then for sure that they're just going to lose money and listen to a guy that came from nowhere that's trying to mislead them with their advices.

It's better to take accountability and do own research when investing in crypto.

Yes, doing research is important when investing in crypto, because with the spread of fraud, it takes effort to get an honest project, people who lose their money in crypto I think are lazy people who don't like to sacrifice some of their time in examining the project or asking for advice from an expert, so everyone needs to be active and have a foresight and thinks a lot and knows the consequences of their actions before they take them.

You really won't know if a project is a scam if you're not researching.

Many comes good at the start but eventually changes their way and turns into scammy. That's why being vigilant and doing research as much as you can when some projects hit your attention.

You really have to look for every single detail of them as much as you can.

Chathusand

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Perhaps some of them have not been able to recognize and comprehend past mistakes, making it difficult for them not to repeat them; however, it should be remembered that the benchmark for the existence of losses is critical in preventing large risks that could take coins just like that, causing us to suffer a significant loss. As a result, those who have fallen must rise again.

chikading2016

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Some people are still greedy so some are still losing, greed is one of the factors that affect the concentration or crypto investors or trader and it is the number one factor that make them lose, although not all but most are losing because of greed.

maruf01788

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Earning is not easy in crypto. For this need Patience, skill, hard work. If we always hear Influencer, then we lose Money, we need own research. And most important is don't be emotional in crypto. A lots of people lost their money for emotions. So we Need more patience.

feelideb

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fLibero.financial

The fact that majority of people are taking by the promise of fast money contribute to lots of scam in cryptocurrency! There is nothing as dangerous more than a desire for fast money, it lead people to shitcoin and shitcoin usually lose value and become scam in the end! The solution for those that have lost money is to first decide the most valuable coin in cryptocurrency with potential and stick by it!

Woodie

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Personally I don't believe people do lose money in crypto, the only way this could happen is either investing in these crypto scams that claim to give you back ten fold of your investments ...which is to good to be true and people should tell this is a scam.
The other possibility of losing money is through panic selling because price goes against your preferred direction and you chose to sell to salvage whatever money is left.

albon

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Quote from: livingfree on August 07, 2021, 06:58:00 AM

Quote from: plr on August 07, 2021, 05:09:21 AM

It's the rule of the thump, you need to spend time and do not make a short cut, do not follow the shills, set up guidelines to follow on what to look on a project, as a responsible investor you owed it to yourself to do the right thing and that is finding the right project to invest and warn others if you find a project is a scam project.

Yeah, too many shills with those projects that we're unaware of.

If somebody follows them then for sure that they're just going to lose money and listen to a guy that came from nowhere that's trying to mislead them with their advices.

It's better to take accountability and do own research when investing in crypto.

Yes, doing research is important when investing in crypto, because with the spread of fraud, it takes effort to get an honest project, people who lose their money in crypto I think are lazy people who don't like to sacrifice some of their time in examining the project or asking for advice from an expert, so everyone needs to be active and have a foresight and thinks a lot and knows the consequences of their actions before they take them.

Topic: why some are still loosing money in crypto (Read 2701 times)