Topic: why some are still loosing money in crypto - page 11. (Read 2701 times)

It does not always work so that all such investors in new coins get a profit. As a rule, only a small percentage of new projects are subject to the pump, and the rest of the majority stops their work already at the stage of the public sale of tokens. And if someone gets the coveted x100, then this is an exception to the rule.

The thing is, it's better late than never. Most of the time when people don't get what they want in the early stage they always give up. only a few of them will proceed until they get what they really wanted and I know someone who is one of them. You know what, you are not alone with this kind of experience. I know some people who have already been here since 2015 but they only get their first huge success in the crypto industry last year. Everyone has their own time if they really wanted to pursue what they really want. they can get it or they can get better than what they are expecting.

Truth of the matter is the fact many doesn't necessarily put their faith on crypto as becoming a trader in the Crypto business.

Some just gets in when new token/coin are being launched and gets out by the time it do like 100x or 50x to say the least, and lock in the little profit they might have gained from such project. So in the process of doing this, some ends up in making loss in the hunt of making seemingly little profit for their living.

On the other way round, some buys in bulks and swing trade when the product/project is relatively high by dumping and buy back when the market moves in their favour by dropping the more. But some don't take their time or chances to read about a specific project before jumping into it. So in this scenario, they dump only when they think or see a little dip in the market and expects more dip but unlucky for them some projects backend are just way stronger than their thought or speculation and in the short run hop in back stronger and leave them behind in benefiting  from the huge profit.

KEY POINTS
1. Don't just follow one influencer's speculative ideas.
2. Refrain from following Telegram profit making channel nor group chat.
3. Try to read and understand whatever project you're investing on. (mostly Litepaper/WhitePaper and also understanding their road maps process.
4. Also get engaged in asking questions on any of the project chat group media.
5. Pay attention to investment news.

IMP Don't invest more than you can afford.

I think, even the most sound and balanced decision maker can make mistakes in their decision making. We have to admit that not all of us have the capability to make good trading or investment decisions and most of us succumb to our urge to get rich quick and invest to projects that we know might be scams. These scams are largely catering to new players in the market and those who can easily be convinced to work and invest on such schemes.

your sentence is very good and real what happened...

a few months ago I lost because I invested in one of the defi projects, I was really interested in the ROI they promised as a result it cost me my money. investing in crypto requires strong analysis and also not greed.

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

Oh no. Not everyone. Don't just conclude that everybody is investing online just because they are referred though in additional of that there are those MLM schemes inside a group. It happens quite often in Facebook groups from what I can read.
Being driven by an influencer is a no-no, but you gotta be honest that people follow those influencer because they have these hidden desire to be like them OR at least get better than them.

These arguments are not just applicable with cryptocurrency, but in other markets as well. I have seen my friends incurring huge losses after investing in blue-chip stocks at the advice of self-proclaimed market experts. Also, I have seen people investing in certain worthless stocks, even after their value goes down by 90% or 95%. They think that since these stocks have gone down by so much, eventually they have to go up. But that almost never happens. Even experienced investors can make these sort of mistakes.

I can feel you there mate lol , maybe it is desperation in my part knowing that some day before i use to trust this coin and bought with my hard earned money that's why i cannot just let it go, and i must admit that until now? i keep on holding on the thought that one day this will woke up from the dead like a zombie 

This comes when you don't really know what are you entering and when you still not accepting the thought that this amrket needs investors that can only risk the funds they can let to lose.

I'm guilty of that but then that's what it is. I'm baghodling ONZ for a few years now, hoping a miracle would happen 🤷. Well, may be because I have thousands of that token that's why I'm reluctant to accept the fact that it's a dead end. However, I didn't spend any cash investing in it apart from my time and data running the bounty as a hunter. About people investing based on emotion, that's true and I don't think it will be gone any time soon. A lot of investors are too lazy to check where their money is put because they can't afford the stress of research. On Elon, I think anyone who has influence (Elon is financially influential) must have those who contour to them.

Greed of becoming rich quickly lead to many of those newbies to lose money in cryptocurrencies, a newbie investor  is expected to research, study and obtain first hand information on a particular coin before investment inspite of the hype or news trending about that coin however majority of them have the perception of earning instant profits once they invested on any cryptocurrencies based on the volatility in the  prices of those coins. No wonder experienced traders or investors will always invest on already established coins like Bitcoin, ethereum, BNB etc these coins can guarantee reasonable profits on a long term investment.

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

It is normal in any market , we talk about profits there must traders getting loss too. just like we talking about buy in other side must sell and vice versa. So when we discussing why some one still losing money in crypto ,i am sure and confidence they have less knowledge than other traders that got profits in market. so in which part we want ? if we want in profits side we must improve our trading skill.

These are the common mistakes that we had and i agree with that , but i don't know why we can't stay away of being like that even though we still have more chance to correction everything. Wherein we just regrets at the end of the day when we see a bad results. . And just imagine we use to brag and give an advice when someone made a mistakes or complaining when it comes investing and trading, but we can't see our side that we always experience such reason also. Lol.

The current market is not like 2017 but some exaggeration from the media is causing many people to believe and a lot of crap and they follow the community's call blindly. Some people have too much demand for crypto time, they lose money or get Rekt, There are many people who succeed with bitcoin because they know how to mine Hold, anyway, staying too long can be a problem.

People still lose money in crypto due to many factors. Sometimes greed takes over and they take risk investing in new coins since some coins' income sre tempting if you hit a jackpot. Another thing is, crypto market is inherently risky there will always be winners and losers, due to it's volatilty some people will eventually lose money mostly those who had invested during the hype. Weak hands always makes the whales rich, without discipline and experience crypto market will not be a suitable ground for beginners to earn money.

I think that's a really great conclusion and I myself have seen it, even experience it too lol. Sometimes we really need to make a distance first and taking time for contemplating our mistake then learn from it, some people learn from other's experiences but I don't think that many people can just do it. I learn that we can't just hold coin/token to gain some profit. I learn so hard. We need to see the moment. When the price is so high, let's say it's a bull run just sell it, cause there will come the time of bear run when you can re-buy the same exact amount as you sold and you still got profits. I'm not a short-time trader, I'm waiting for the wave to come to ride it. and that's what I call, momentum.

Some of them can analyze before trading or investing but they can not profit after for some time.
Many traders lose their chance to make a profit because they do not have patient and panic many times when they see the price is drop.
If they can have good control for themselves, they will not panic and always wait for the price moves.
But if they only just follow well-known people without doing analysis, that will be their mistake because they do not know if those people really give the right advice or not.

The second point is something that will hurt you because you are still denying that you lose money and you don't want to cut loss, so you stuff with coins that continue to lose their value, losing in the market is part of investing because this is part of our maturity as an investor, as you go on you will learn how to cut your losses.