why some are still loosing money in crypto - page 13.

pealr12

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Quote from: KaliLinux on July 13, 2021, 12:58:38 AM

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 want to Highlight just one important point in this case. Most of us tend to forget that we all CANNOT make profits in this cryptocurrency market at the same time. Is it really possible for everyone to buy at a lower price and sell at a Higher price to Make Profits? I guess not. Someone has to fill that your sell order at that high price for you to make your profits and they eventually turn out to be the supposed investors that have lost money depending on how the market goes and they ended up cutting their loss. So at every point in the market, this will always happen and there will always be gainers and losers regardless.

Precisely, it is not possible for everyone to buy and sell same time, some people no matter will always lose out on opportunities because they don't possess the courage to make up their mind at the time they should have, what works for A' does not necessarily mean it will work for B' different stroke for different folks, it is very important to have a set target for taking profit as well as to buy mouh

uneng

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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 would add a point:

You believe bitcoin is going to be overcame by a random altcoin because a digital influencer who referred you to a telegram group promised it is going to happen

That is a reason why some investors are losing money. They avoid bitcoin because they think it takes too long to return profit over their investment and prefer to put their funds into an altcoin which promoters say it's going to be return by 1000% monthly, surpassing any profit bitcoin could guarantee them. They risk everything for a short run profit, because the long run is too much to wait for.
And actually these altcoins' clever developers and promoters are taking the investments from these people and buying bitcoin for themselves. Cheesy

masterrex

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I believe losing money in crypto is just normal due to its nature. But we can minimize it if we applied some measures. "Crypto is a high risk, but high return" type of investment. and because it was very speculative that's why it has no guaranteed returns, second is the volatility, In 2018 I was also done some speculative action on new projects that ending up losing 95 percent of my investment during the 2018-2019 crypto winter, I accept crypto and it was the reality.

ZAINmalik75

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Yeh you are right that people who had joined crypto in 2017 they must learn too much from market.
I told you that at this time people are trying to follow the trend in crypto. At this time few of shit coin like Safemoon, Safemars etc give too much profit to people which has change point of view of many people and they forget that its a shit coins it can make your thousands of dollar into zero .
So the people are following trend except to search on the fundemetal of these project so those trend make people fool something and they lose their money

Cvetik56

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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.

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The problem is that most people won't learn from their mistakes, let alone learning from others' mistakes. We knew there is going to be a bear market and there will be a dump, still, people trade like the price is going to be up and up as if everyone will start putting all their money into crypto. Also, there are a lot of sheeps in our community which has to stop.

that's what makes everyone fall into the same hole. they don't want to learn from their own mistakes.
but most are related to greed and not wanting to look at the market. most do not follow the plans they have made themselves before they invest.

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We know that the crypto world can provide great benefits as well as risks depending on how we manage assets. It is true that experience is indeed important for future learning so that it can be better and avoid losses. Therefore it is important to continue to study and learn so that we also continue to practice what things can be beneficial and detrimental. That is why the risk of following the crypto world is also great because it requires caution and vigilance so as not to cause losses. The most important thing is not to rush into a decision so you don't regret it later.

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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.

There are a lot more other reason why many people are still losing money in crypto. Aside from what you've mentioned, lack of interest and effort can also be one. Dedication towards what you are doing plays a vital role when investing in crypto. It will dictate how well you're going to do at it as well as the hard work you will be exerting to be successful and avoid experiencing losses. I agree that you should not always rely on luck considering that the probability of losing will always be there and you cannot also be certain about it since you are just letting fate decide on what you're doing.

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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.

Just buy $NEAR, stake and wait until moon

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Quote from: Oasisman on July 13, 2021, 06:02:30 AM

Quote from: tvplus006 on July 13, 2021, 05:33:00 AM

Quote from: isaac_clarke22 on July 13, 2021, 03:54:03 AM

~

People follow Musk because they do not want to independently engage in the selection of a promising coin, shifting this work to others. And in case of failure, they shift the responsibility to others, considering themselves a victim of unfair advertising. Such investors will never understand what was the mistake of following the advice of a public person and will repeat these mistakes again and again.

In addition, some of these people are too lazy to make their own research on how to properly put their investments in crypto. In fact, some of them didn't even understand what kind of sh*tcoin they're into.
As a result, they became a puppet from a rich person that really doesn't care If people losses their money as long as he can milk out of his followers.
And I don't expect the Elon tweets to end, because he still have so many followers that also follows the series of Tweets he made on Twitter.

This is how manipulation is taking effect in the market. Rich people are the cause of losses and people think that following what they say could make them rich also. But, it was sad to say that they are bringing themselves to a worse and regrettable decision on their life in terms of investment.
Of course, these rich people don't care about what will happen to their followers as they just care about the money that he/she receives.

Oasisman

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Quote from: tvplus006 on July 13, 2021, 05:33:00 AM

Quote from: isaac_clarke22 on July 13, 2021, 03:54:03 AM

People follow Musk because there is a hidden desire that those people want to be richer than him that is why they are following each footprints, which are his advices, that he makes. They don't care about the risk involved...

People follow Musk because they do not want to independently engage in the selection of a promising coin, shifting this work to others. And in case of failure, they shift the responsibility to others, considering themselves a victim of unfair advertising. Such investors will never understand what was the mistake of following the advice of a public person and will repeat these mistakes again and again.

In addition, some of these people are too lazy to make their own research on how to properly put their investments in crypto. In fact, some of them didn't even understand what kind of sh*tcoin they're into.
As a result, they became a puppet from a rich person that really doesn't care If people losses their money as long as he can milk out of his followers.
And I don't expect the Elon tweets to end, because he still have so many followers that also follows the series of Tweets he made on Twitter.

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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

I agree with some of what you said here but I will just add one reason and for me, this is the deadliest one and many investors are loosing their money because of this. What is it?

Being ignorant.

What do I mean by being ignorant?? Ignorant enough to not learn at least the basics of the coin or the project. Most of the people are ignoring the most important part when investing which is researching, learning and spending time to gain much information. All of what you said are correct but for me, being ignorant is the main reason why they are loosing money. Who in the hell became rich here but he didn't did some researched and didn't learned?? None. Change your mind, do some research before investing and don't be an ignorant investor. You're a newbie?? Don't throw money first and do watch videos and read articles instead.

blockman

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I've learned a lot with the 2017 bull run and with the mistake that I've done there, I've made sure that it won't happen if there's going to be another bull run so it did, there's another bull run late last year up to early this year. And that made me sure because I've taken profits that I've never regret although it's not during the peak price still it counts as one of the best prices and profits that I've taken. And I cannot blame those that still didn't learn in the past because they're tickled by their greed and that's one hard attitude to beat on this market. Even I'm following my instinct, it's also a good measure that I do every time in the market based from experience and some reading of charts.

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Quote from: Serco on July 13, 2021, 03:57:02 AM

Quote from: Reid on July 13, 2021, 03:41:17 AM

I am grateful to be in this forum for I have learned a lot here and have grown my knowledge.
What you have told us here is one of those. Learning from my mistakes and with the help of other member's experiences/opinions that were shared here.
Before I'll purchase anything that I think will strike the moon or even just from the sweet words of their team in chat applications.
I can say I am not a newbie anymore but I don't want to stop learning. Every day there will be something new that will come.

learning everyday still not enough to understand about cryptocurrency market. there alot thing we need to know especially about fake project or rug pull sign . most of them must ever drop in this condition and we loss our money. teach each other and share knowledge will help us to mastering cryptocurrency knowledge and this forum will be good place to share our knowledge.

At least, if we can learn something about crypto, that will add more knowledge to us so we can use it for our benefit.
There is no stop to learning many things related to crypto before crypto is used in all countries so when that time comes, we are ready to compete with the other people out there.
We all have a losses experience before or in the future. But that does not mean we do not learn much because that will depend on our analysis.
If we can analyze better than the other, we can make a profit. Otherwise, we can only minimize the losses because we know how to do that.

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Quote from: isaac_clarke22 on July 13, 2021, 03:54:03 AM

People follow Musk because there is a hidden desire that those people want to be richer than him that is why they are following each footprints, which are his advices, that he makes. They don't care about the risk involved...

People follow Musk because they do not want to independently engage in the selection of a promising coin, shifting this work to others. And in case of failure, they shift the responsibility to others, considering themselves a victim of unfair advertising. Such investors will never understand what was the mistake of following the advice of a public person and will repeat these mistakes again and again.

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What I will call such a mistake is blind trust, when a person is too greedy to pick the red sign of any investment and 100% concentration on the profits they tend to make investment mistakes and then lead to more losses. Since 2017 lots of projects have come out with social media influencers trying to promote them but in the end, those that invested in them end up with losses.

Serco

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Quote from: Reid on July 13, 2021, 03:41:17 AM

I am grateful to be in this forum for I have learned a lot here and have grown my knowledge.
What you have told us here is one of those. Learning from my mistakes and with the help of other member's experiences/opinions that were shared here.
Before I'll purchase anything that I think will strike the moon or even just from the sweet words of their team in chat applications.
I can say I am not a newbie anymore but I don't want to stop learning. Every day there will be something new that will come.

learning everyday still not enough to understand about cryptocurrency market. there alot thing we need to know especially about fake project or rug pull sign . most of them must ever drop in this condition and we loss our money. teach each other and share knowledge will help us to mastering cryptocurrency knowledge and this forum will be good place to share our knowledge.

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

~

People follow Musk because there is a hidden desire that those people want to be richer than him that is why they are following each footprints, which are his advices, that he makes. They don't care about the risk involved.
I have this feeling that many of his followers will hate him once he retracts his advice whenever the coin he is shilling just go down.. all the way down but in the end, it is their blindness and not their diligence that led them to that for obvious reasons.

About the emotion, everyone has emotions. They are just doing the most subtle way to express it regardless.

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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.

Experience is always a teacher meaning all of those whom loses huge are probably now succesful. Im not saying we should lose first, but there is a time that an experienced trader or investor on crypto have loses a lot. Yes a lot and from that they knew now what to do and used that experience to gain knowlesge or technique about it.

Luck is something we should always not depend on sometime we can be like that but not all the time.

Reid

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I am grateful to be in this forum for I have learned a lot here and have grown my knowledge.
What you have told us here is one of those. Learning from my mistakes and with the help of other member's experiences/opinions that were shared here.
Before I'll purchase anything that I think will strike the moon or even just from the sweet words of their team in chat applications.
I can say I am not a newbie anymore but I don't want to stop learning. Every day there will be something new that will come.

Topic: why some are still loosing money in crypto - page 13. (Read 2718 times)