why some are still loosing money in crypto - page 10.

btcltcdigger

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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.

You forgot greed.
Many people hear stories of overnight millionaires from shitcoins, and of course, they want that as well.
So they invest in everything that pops up, praying one will be a winner.
SPOILER ALERT, it will not

tabas

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Quote from: milewilda on July 14, 2021, 03:13:03 PM

Quote from: tabas on July 14, 2021, 03:05:36 PM

Quote from: devil2man on July 14, 2021, 02:38:29 PM

generally we learn from our mistakes and try not to repeat them plus those who were already active in 2017 know how the market trend works, good traders manage to make gains in both directions of the market, we must not follow our own instinct and the various gurus of the market we just have to follow the charts and act coolly

Not all of those that are making mistakes learn from those. It's really hard to learn those mistakes if you're not willing to learn the lesson that you got from there.
Instead, you're making yourself work on that matter without realizing that you need to be calm at most times when you're in the market because such emotions will pull the trigger that shall make you lose more.

Acceptance is the key because if you do that then you would definitely learn from that and its true that not all would really be having that realization if they do just simply ignore or turn
their backs on the market and doesnt accept about their mistake that had done. Losing money is inevitable because there is no such thing about being a perfect investor or trader.
Thing here is that you should know on how to sustain yourself into the market in longer runs.Try out lots of methods and this would involved lots of trials and errors.
You should suppress the risk as minimal as possible.

Right, sustain yourself in the market with the best that you can. You need to adopt the sequences and patterns that the market shows because if you're not too adaptable with it.
You'll be left behind by the market and you'll just keep on losing because you don't know how to make yourself a favor by learning the market. Especially, the coins that you hold.

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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.

Your last sentence is key, people are depending on their luck in order to make money from the markets, they do not want to make any effort or spend any time doing their due diligence, they only care about the profits they can make and nothing more so they invest in the coin with the most hype and they think they will make a fortune, are there examples of people doing exactly that and earning a lot of money? Of course, but what they do not tell you is that the majority that did that lost all their money, and now it does not matter if they learned their lesson as they lost all their capital.

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Quote from: milewilda on July 14, 2021, 03:13:03 PM

Acceptance is the key because if you do that then you would definitely learn from that and its true that not all would really be having that realization if they do just simply ignore or turn
their backs on the market and doesnt accept about their mistake that had done. Losing money is inevitable because there is no such thing about being a perfect investor or trader.
Thing here is that you should know on how to sustain yourself into the market in longer runs.Try out lots of methods and this would involved lots of trials and errors.
You should suppress the risk as minimal as possible.

If you managed to accept the things that you missed, failure will help you to build much stronger foundation. You must realized that there's no perfect strategy with this kind of volatility.

Just try to move forward and learned from those mistakes, use it as good basis when you are trying to place your investment again.

Go and choose to continue if you know inside you that in the long run you'll going to established good system to have a much better
chances to earned from your investment.

milewilda

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Quote from: tabas on July 14, 2021, 03:05:36 PM

Quote from: devil2man on July 14, 2021, 02:38:29 PM

generally we learn from our mistakes and try not to repeat them plus those who were already active in 2017 know how the market trend works, good traders manage to make gains in both directions of the market, we must not follow our own instinct and the various gurus of the market we just have to follow the charts and act coolly

Not all of those that are making mistakes learn from those. It's really hard to learn those mistakes if you're not willing to learn the lesson that you got from there.
Instead, you're making yourself work on that matter without realizing that you need to be calm at most times when you're in the market because such emotions will pull the trigger that shall make you lose more.

Acceptance is the key because if you do that then you would definitely learn from that and its true that not all would really be having that realization if they do just simply ignore or turn
their backs on the market and doesnt accept about their mistake that had done. Losing money is inevitable because there is no such thing about being a perfect investor or trader.
Thing here is that you should know on how to sustain yourself into the market in longer runs.Try out lots of methods and this would involved lots of trials and errors.
You should suppress the risk as minimal as possible.

tabas

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Quote from: devil2man on July 14, 2021, 02:38:29 PM

generally we learn from our mistakes and try not to repeat them plus those who were already active in 2017 know how the market trend works, good traders manage to make gains in both directions of the market, we must not follow our own instinct and the various gurus of the market we just have to follow the charts and act coolly

Not all of those that are making mistakes learn from those. It's really hard to learn those mistakes if you're not willing to learn the lesson that you got from there.
Instead, you're making yourself work on that matter without realizing that you need to be calm at most times when you're in the market because such emotions will pull the trigger that shall make you lose more.

ene1980

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Quote from: Koro-Sensei on July 14, 2021, 04:40:05 AM

The first one is probably where new investors knew crypto. Being one of the most richest man in the world could make you really think that he could change your life in just a single tweet. His influence have gone so far that dumbs newbies going wreckless go to where he tweets. Let me add one that I also experience as a newbie in crypto and got me a big loss:

NEVER EVER FOLLOW A WHALE TG GROUP

All you hear from these so called whale groups is to shill for the projects they take money, everything is promotion in the market and these groups will take couple of hundred bucks to shill your project and if it is a big group the amount will increase accordingly and never ever take anyone else's advice and invest money.

You need to do your own research and the problem i see in the cryptocurrency market is that everyone learns after getting these lessons and not even think about logic before falling into these traps.

devil2man

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generally we learn from our mistakes and try not to repeat them plus those who were already active in 2017 know how the market trend works, good traders manage to make gains in both directions of the market, we must not follow our own instinct and the various gurus of the market we just have to follow the charts and act coolly

ninkdwi

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This is why we have to learn little by little, don't just rely on other people like billionaires or pumps who will eventually mislead yourself, at least you have to learn from what you've experienced.
if you always rely on things like you said in your thread in the end what happens you will not have significant progress so it becomes monotonous and runs in place.
try to learn from the mistakes you have experienced make it an experience and if you are still complacent with things like following other people and just following your instincts you have to start gradually doing your own research even if you still make mistakes it's okay because you are still in the learning stage and the longer I'm sure you will get used to it and will understand here.

el kaka22

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There is nothing we can do about the people who end up losing money, they just do not wait. I mean think about it, if you buy bitcoin and wait, eventually you will profit ONE day, who knows when but it will happen but it WILL happen, that much we all know. This is why I do not think that we should be doing anything special, just wait and you will profit, any person who "loses" money in crypto is a person who buys at higher price and then sells at a lower price, because they are worried or something and that is the problem, I mean the reason could be whatever but if you buy higher and sell lower than you are not doing it right at all.

Bitcoin is a place where the profit is literally guaranteed, all you have to do is just buy and wait, it will reach to a higher price one day, maybe in an hour, maybe in few years but it will happen which is why anyone who loses is making a mistake.

TopTort777

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Greed is the only factor why people loose money. This is obvious for decades. Cryptocurrency is just one of examples of greed. All the other factors mentioned here are just consequences of greed. Sad thing is, people will never get rid of greed. They will always be envy for something and will try to get the same with minimum cost.

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Many of the people had come to crypto so excited, they never know what kind of investment they take, and no wonder why they suffer such losses on the very first try.

Some have been encouraged by big names or known personalities to invest in crypto. It is sometimes we got manipulated because we think that they could help us and we can expect their story was true. However, we are blindly not to see their traps and catches us.

Investing in something that we don't know or familiar with, is just like we are spending our money for nothing. It can never be like this if we are smart and wise to make decisions.

gurunanakji777

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Knowledge is the key factor in any work. Most of the traders trade on emotions and lose the money and some trade like a gambler such people always lose in the end only those who are successful here who have the basic and fundamental knowledge of the market and always remain calm in the bear market. Even I have learned a lot from the 2017-2018 market So like this every new trader takes time to grow up and become persistent in making a profit. Knowledge and experience both matter and it can not be learned in 1-2 days or a month it takes time and exactly one should not follow anyone blindly whether he/she is an influential person because such persons are only business-minded they will always think about only their profit such people don't care about others so always trust on your analysis.

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Quote from: Lubang Bawah on July 14, 2021, 11:14:16 AM

Quote from: Kiley33 on July 13, 2021, 08:03:20 PM

Because they did not do any research, they bought and sold coins based on their instincts and bought coins with a few well-known people. Never understood the trend.

Don't put all your trust on celebrity tweets. If the cryptocurrency continues to be profitable, you will not be able to learn the lesson of failure by investing in the cryptocurrency, but do research to gain luck before investing in each token. Don't believe in luck. Learn from every failure.

Mostly because of instinct, as long as they believe, then when someone warns of a scam they don't believe it, especially the role of a public figure who can hypnotize their fans, and I've been hit by a scam project and since then I don't invest anymore.

Sometimes indeed when we always believe what public figures say we are indirectly hypnotized,
and of course it is clearly detrimental to ourselves,
it's better before trusting people we have to do our own research first so that at least we can get more detailed information

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Quote from: Kiley33 on July 13, 2021, 08:03:20 PM

Because they did not do any research, they bought and sold coins based on their instincts and bought coins with a few well-known people. Never understood the trend.

Don't put all your trust on celebrity tweets. If the cryptocurrency continues to be profitable, you will not be able to learn the lesson of failure by investing in the cryptocurrency, but do research to gain luck before investing in each token. Don't believe in luck. Learn from every failure.

Mostly because of instinct, as long as they believe, then when someone warns of a scam they don't believe it, especially the role of a public figure who can hypnotize their fans, and I've been hit by a scam project and since then I don't invest anymore.

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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 some things are associated with luck but don't just depend on it.

We'll never learn unless we commit mistakes and it's a good thing that most of us have learned from our previous experiences. To be honest, some events and situations affected our decision-making in the past years and that brought us regrets especially when we followed the hype and listen to other's opinions and manipulation. Losses is actually part of our crypto trading but we should grow and be firm when it comes to dealing with every market situation.

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Quote from: sergiorus on July 14, 2021, 09:57:13 AM

one of my friend made a shit ton of money this year but lost almost all gains by getting omega bullish at the top and longing with leverage
many lost a big part of gains by just injecting a lot of fiat at the top too
the final boss of every bullrun is your greed that stops you from taking profits

That's why every investment is important to analyze the market well.
many lose money and even the profits they have earned because they choose the wrong momentum to buy.
but if it is a good moment, you have nothing to fear, the momentum may repeat itself in the future. but it depends on the asset you choose.

sergiorus

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one of my friend made a shit ton of money this year but lost almost all gains by getting omega bullish at the top and longing with leverage
many lost a big part of gains by just injecting a lot of fiat at the top too
the final boss of every bullrun is your greed that stops you from taking profits

Quantum907

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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.

Many mistakes we make so we lose money, if we actively see the discussion in this forum then we will not get scammed by the project, but this is crypto, everything is possible and loss is not the end but a lesson to be better.

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Quote from: Koro-Sensei on July 14, 2021, 04:40:05 AM

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

The first one is probably where new investors knew crypto. Being one of the most richest man in the world could make you really think that he could change your life in just a single tweet. His influence have gone so far that dumbs newbies going wreckless go to where he tweets. Let me add one that I also experience as a newbie in crypto and got me a big loss:

NEVER EVER FOLLOW A WHALE TG GROUP

this is absolutely true, actually the first step is to learn and observe not to enter without having a basis
and one more important thing is to make a long-term or short-term choice
Most newbies don't determine the term, that's what makes them lose quickly, besides financial and mental management
I don't stop reminding newbies "get your emotional if you don't want to lose your money or suffer a loss"

Topic: why some are still loosing money in crypto - page 10. (Read 2718 times)