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Topic: why some are still loosing money in crypto - page 12. (Read 2701 times)

member
Activity: 96
Merit: 10
I think your point of view is quite right. In this parabolic bull market, people will think it is luck. Most people will choose to invest in short-term altcoins. The profits are high and the risks are also high. Some amateur investors blindly hold it. Yes, until you lose everything in the end, the most basic thing to make a profit is to understand the market's trends. The market is constantly changing. Every investor must make a sound plan and be cautious about unplanned matters.
member
Activity: 114
Merit: 10
  • 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
These are indeed the reasons for losing money in the crypto market, and I will make the same mistake.
When many new users start to invest, they will take other people's suggestions and buy some recommended coins, but they don't understand these coins and will still choose to follow blindly.
When investing you must first understand the market situation, analyze the price trend chart, and choose a currency with a longer development time and good security. Choose to buy and sell at the right time according to your own judgment standards, and don't affect your emotions due to market fluctuations.
jr. member
Activity: 59
Merit: 1
the reason is simple. Many new users are attracted because they don't want to work for others, and they can achieve freedom of wealth if they want to be at home. However, intraday trading is under great psychological pressure. Not only will you not be profitable, but you may also ruin some people's lives. This is because they invest blindly and do not understand the market at all. They did not prepare for every investment in advance. They only see the benefits of investing in crypto, but do not understand the industry.
member
Activity: 662
Merit: 11
www.cd3d.app
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.
The last point is the most difficult to control. Basically humans have a greedy nature, especially in getting profits, but this trait actually brings humans into losses.
For fear of losing more, sometimes traders cut losses. but when they get a profit they continue to hold it and hope it continues to rise, not immediately taking profits, but when the price of the token is corrected they rush to sell it.

I agree, emotions are the main problem in crypto trading. emotions are always the determining factor whether we lose or gain. sometimes emotions always control us and make wrong decisions. If only people could be more patient, and make decisions without being influenced by their emotions, I'm sure no one would lose money in the crypto market.
member
Activity: 116
Merit: 23
  • 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
These are common mistakes made by new users. Many new users mostly choose to invest in cryptocurrencies when they see the benefits, but they don't understand the crypto market and just follow others to buy and sell.
Fluctuations in market prices will also affect their emotions. When they see a price drop, they will feel fear, and they will choose to sell if they are afraid of loss, but they will lose money even more.
Therefore, when investing in cryptocurrency, you must first understand it, learn to analyze market trends, choose to judge the investment currency, and do a good job of risk management. Don't be afraid of normal price fluctuations in the market.
member
Activity: 168
Merit: 19
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.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
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.
Because we must admit that this is how online investing goes mate, People inside are only getting news thru Online so either with influencer or with a groups still that is the only way where to learn what to do or trust.

So i believe that it is customary for the whole crypto market to have this wrong beliefs and doings so some will earn while others must lose.
that is how the market goes.
full member
Activity: 560
Merit: 105
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.
2017 when i start to learn about cryptocurrencies back then bitcoin and etherium are the only cryptocurrencies that i know because my friend told me that. As i am learning about cryptocurrencies i have read some articles about it and that makes me to urge to earn them. At first it is difficult for me because i do not know how to earn and make money from it. I lose some of my earnings because of what i thought is legit ends to scam projects. People lose money in crypto because of ignorance and lack of knowledge about cryptocurrencies.
full member
Activity: 693
Merit: 100
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.
Those things you do mentioned above are just simply showing off that you are making your investment here on crypto to be similar to gambling.Dont do any research and any related to that will really in result

into losses or failed investment and we know that this market is just composed of with sellers and buyers which basically means that there would be someone will be profiting and there would be someone

who would losses up their investment and the cycle continues and this is called a market. Once you do step your foot then expect for those instances to happen.
Losing money in crypto is normal but it doesn't mean that we can't gain profit again, crypto currency is volatile and we should learn how to coup up with it and one thing we should bear in mind to always follow a golden rule not to sell our assets at lose.
sr. member
Activity: 1176
Merit: 252
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.
The last point is the most difficult to control. Basically humans have a greedy nature, especially in getting profits, but this trait actually brings humans into losses.
For fear of losing more, sometimes traders cut losses. but when they get a profit they continue to hold it and hope it continues to rise, not immediately taking profits, but when the price of the token is corrected they rush to sell it.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
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.
Those things you do mentioned above are just simply showing off that you are making your investment here on crypto to be similar to gambling.Dont do any research and any related to that will really in result

into losses or failed investment and we know that this market is just composed of with sellers and buyers which basically means that there would be someone will be profiting and there would be someone

who would losses up their investment and the cycle continues and this is called a market. Once you do step your foot then expect for those instances to happen.
sr. member
Activity: 363
Merit: 323
Infographics save lives
I think losses will always be a part of crypto because even how good you are in investing or trading, you are not going to make profits all the time. There are times you will get lose when you see things that happen unexpectedly and won't follow through your plans.But at least you still manage to maximize your profits rather than making losses through the test of time.
Yes I agree that you will not always make profits if you are trading on a regular basis this is always going to be the case when investing in anything that there is certainly something to benefit from being educated in cryptocurrencies and why they are valuable and the pit falls that can happen. Google is good but its only good to a certain point because a lot of sources will be biased there needs to be a a structured unbiased education program which looks to educate those about Bitcoin and trading.
full member
Activity: 896
Merit: 108
              ---. Not all people suffer losses due to carelessness or heavy reliance on luck alone. Some people get trapped in unpredictable and unavoidable circumstances which I am sure you yourself have also experienced. Let us be a bit nicer to the newbies.
most of it is because newbies, do not have the knowledge base to adapt in a volatile crypto ecosystem, so what they want is instant profit, greed, without them knowing that prices can collapse at any time even just because of a tweet. well, although there are many factors that cause it, we must be prepared to lose, no matter how careful we make a market analysis, there are many unexpected factors that make prices move beyond predictions. That's why cryptocurrencies are always full of surprises. If you are ready to win then you must be prepared to lose
hero member
Activity: 2814
Merit: 576
There is not enough educational resources out there for investing in cyrptocurrency. There is a ton of information out there on getting started in other sectors of the economy but cryptocurrency is still under developed at least from a educational view point. If we could increase the education to newbies they would not take as many blind risks as they do now.
Even without education, a good research from google through demos and information can make you a knowledgeable investor but losing is still inevitable. You will only reduced losses in crypto from your personal experiences because eventually, you will be wiser from learning all the mistakes that you committed.

I think losses will always be a part of crypto because even how good you are in investing or trading, you are not going to make profits all the time. There are times you will get lose when you see things that happen unexpectedly and won't follow through your plans.But at least you still manage to maximize your profits rather than making losses through the test of time.
sr. member
Activity: 363
Merit: 323
Infographics save lives
There is not enough educational resources out there for investing in cyrptocurrency. There is a ton of information out there on getting started in other sectors of the economy but cryptocurrency is still under developed at least from a educational view point. If we could increase the education to newbies they would not take as many blind risks as they do now.
member
Activity: 259
Merit: 17
Anyone who has no criteria on what to look at on a coin or project is bound to lose money, and it should be a good criterion if he wants to make a profit from investing in a highly volatile market with a lot of scam projects existing, you don't have to be a newbie to lose money even veteran investors have lost and still losing money from a bad decision.
jr. member
Activity: 313
Merit: 1
 People tend to follow trends but don't know when to jp ship (looking at you dogecoin bagholders).  People tend to think there will be a rebound or even worse claim they are cost averaging and throw more good money on a diving asset.  It happens time and time again and don't see it changing.  Crypto is filled with greed.  Where there is greed there is failure. i advise everyone to dont sell or buy any coin because the market is dump .
sr. member
Activity: 728
Merit: 266
               Or, maybe because they are completely newbies in this industry? or maybe they are day traders that aim to increase their bags rather than just sit idly by while prices slowly go up and down? There are a lot of reasons why people lose money when investing not just in crypto but in all the other industries out there. The best thing we can do as the people who are ahead in experience is to guide them and not give any sort of prejudice based solely on what we are witnessing. Not all people suffer losses due to carelessness or heavy reliance on luck alone. Some people get trapped in unpredictable and unavoidable circumstances which I am sure you yourself have also experienced. Let us be a bit nicer to the newbies.
sr. member
Activity: 1414
Merit: 259
Undeads.com - P2E Runner Game
It happens because there's a lot of newbies in crypto. People just witness how BTC going higher and higher and just trying to jump on the bull run. But they are not prepared for dips and crashes.
And I think it's also a very natural thing to happen because everyone is always unprepared for dips and crashes, especially for those who are very newbies, but over time they will get very used to every dips and crash.
legendary
Activity: 3752
Merit: 1415
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 would like to add the trend and the hype, when there is a trend in the market and those who started it are legit and profitable to their investors expect a lot of imitation on that kind of project, the trend right now is DeFi and meme coin and there are a lot of projects that's are now imitating these legit meme coins and DeFi, they do rug pull and or runaway with investors money and neglecting their roadmap, so always dig deep.

Pretty much hit the nail on the head.  People tend to follow trends but don't know when to jp ship (looking at you dogecoin bagholders).  People tend to think there will be a rebound or even worse claim they are cost averaging and throw more good money on a diving asset.  It happens time and time again and don't see it changing.  Crypto is filled with greed.  Where there is greed there is failure.
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